Common use of Use of Purchase Price to Discharge Title Exceptions Clause in Contracts

Use of Purchase Price to Discharge Title Exceptions. Subject to the provisions of Section 9.6, if, at the Closing, there are any title exceptions applicable to the Property which are not Permitted Exceptions and which the Sellers are obligated by this Agreement or elect to pay and discharge, the Sellers may use any portion of the Purchase Price to satisfy the same, provided that the Sellers shall have delivered to the Buyer at the Closing instruments in recordable form sufficient to satisfy such title exceptions of record, together with the cost of any applicable recording or filing fees. The existence of any such liens or encumbrances shall not be deemed objections to title if the Sellers shall comply with the foregoing requirements. Any unpaid liens for taxes, water charges and assessments applicable to the period prior to the applicable Closing Date shall not be objections to title, but the amount thereof plus any interest and penalties thereon shall be deducted from the balance of the Purchase Price, subject to the provisions for apportionment of taxes, water charges and assessments contained in Article XI of this Agreement.

Use of Purchase Price to Discharge Title Exceptions. Subject to the provisions of Section 9.6, if, at the Closing, there are any title exceptions applicable to the Property which are not Permitted Exceptions and which the Sellers are Seller is obligated by this Agreement or elect elects to pay and discharge, the Sellers Seller may use any portion of the Purchase Price to satisfy the same, provided that the Sellers Seller shall have delivered to the Buyer at the Closing instruments in recordable form sufficient to satisfy such title exceptions of record, together with the cost of any applicable recording or filing fees. The existence of any such liens or encumbrances shall not be deemed objections to title if the Sellers Seller shall comply with the foregoing requirements. Any unpaid liens for taxes, water charges and assessments applicable to the period prior to the applicable Closing Date shall not be objections to title, but the amount thereof plus any interest and penalties thereon shall be deducted from the balance of the Purchase Price, subject to the provisions for apportionment of taxes, water charges and assessments contained in Article XI of this Agreement.

Use of Purchase Price to Discharge Title Exceptions. Subject With respect to the provisions of Section 9.6Property, if, at the Closing, there are any title exceptions applicable to the Property which are not Permitted Exceptions and which the Sellers are Seller is obligated by this Agreement or elect elects to pay and discharge, the Sellers Seller may use any portion of the Purchase Price to satisfy the same, provided that the Sellers Seller shall have delivered to the Buyer at the Closing instruments in recordable form sufficient to satisfy such title exceptions of record, together with the cost of any applicable recording or filing fees. The existence of any such liens or encumbrances shall not be deemed objections to title if the Sellers Seller shall comply with the foregoing requirements. Any unpaid liens for taxes, water charges and assessments applicable to the period prior to the applicable Closing Date shall not be objections to title, but the amount thereof plus any interest and penalties thereon shall be deducted from the balance of the Purchase Price, subject to the provisions for apportionment of taxes, water charges and assessments contained in Article XI X of this Agreement.

Use of Purchase Price to Discharge Title Exceptions. Subject With respect to either Property, but subject to the provisions of Section 9.6, if, at the Closing, there are any title exceptions applicable to the Property which are not Permitted Exceptions and which the Sellers are relevant Seller is obligated by this Agreement or elect elects to pay and discharge, the Sellers relevant Seller may use any portion of the Purchase Price to satisfy the same, provided that the Sellers Seller shall have delivered to the Buyer at the Closing instruments in recordable form sufficient to satisfy such title exceptions of record, together with the cost of any applicable recording or filing fees. The existence of any such liens or encumbrances shall not be deemed objections to title if the Sellers Seller shall comply with the foregoing requirements. Any unpaid liens for taxes, water charges and assessments applicable to the period prior to the applicable Closing Date shall not be objections to title, but the amount thereof plus any interest and penalties thereon shall be deducted from the balance of the Purchase Price, subject to the provisions for apportionment of taxes, water charges and assessments contained in Article XI of this Agreement.