Xx Encumbrances Sample Clauses

Xx Encumbrances. Tenant agrees that it cannot mortgage nor encumber neither the Premises nor any portion thereof.
Sample 1
AutoNDA by SimpleDocs
Xx Encumbrances. In respect of each Individual Contract by each Delivery Date the Seller shall Deliver to the Buyer at the Delivery Point, the Contract Quantity of EECS Certificates free and clear of any liens, security interests, encumbrances or similar adverse claims by any person (the “No Encumbrances Obligation”). Where a Party is in breach of the No Encumbrances Obligations, the following shall apply: (a) The EECS Certificates Master Agreement and all other Individual Contracts agreed by the parties under this EECS Certificates Master Agreement shall continue unaffected; and (b) Without prejudice to any defences available to the Seller (including, but not limited to, any defences of statutes of limitation or similar), following written notice of that breach from the Buyer to the Seller (irrespective of how long after the relevant Transfer Date such notice is provided): (i) the Buyer shall determine the Encumbrance Loss arising from that breach (the “Encumbrance Loss Amount”) either on the date such notice is deemed to be received or as soon as reasonable practicable thereafter; and (ii) shall notify the Seller of such Encumbrance Loss Amount due, including detailed support for its calculation. The Buyer is not required to enter into replacement Individual Contracts in order to determine the Encumbrance Loss Amount. (c) By no later than the third (3rd) Business Day after the later of (i) receipt of a valid invoice in connection with each Encumbrance Loss Amount and (ii) receipt of the above-mentioned notice of detailed support of the Buyer’s ca lcu la tio n of the Encumbranc e Loss Amount, the S e lle r s ha ll pa y the Encumbrance Lo s s Amoun t to the Buye r, wh ic h a moun t s ha ll bea r inte res t in accorda nce with § 12.4 (Default Interest). Upon payment of the Encumbrance Loss Amount by the Seller, the Parties shall have no further obligations in respect of that Individual Contract and that breach. The Buyer acknowledges that its exclusive remedies in respect of suc h breach a re those se t out in this § 5 .1.
Sample 1
Xx Encumbrances. The Property is sold subject to the Acts, Covenants, Conditions and stipulations affecting the Property as set out in the Title for the property, but otherwise free from all encumbrances or adverse claims whatsoever.
Sample 1
Xx Encumbrances. Each of the parties to this Agreement represents and warrants to the other that he/she/it has not assigned or transferred or purported to assign or transfer, voluntarily or involuntarily, or by operation of law, any matters released and/or transferred pursuant to this Agreement or any portion of it, or any interest in the Contribution Agreement, the 220,000,000 BEI Shares, the Rescission Assets or any agreements entered into in connection therewith. The parties each further represent and warrant that none of the Rescission Assets or the 220,000,000 BEI Shares are subject to any lien, claim, charge, encumbrance, pledge, security interest or claim of others, except with respect to the Eagle Mountain/Fairfield Property, which the parties acknowledge is subject to Xxxxxx Deed of Trust recorded against such property.
Sample 1

Related to Xx Encumbrances

  • Taxes; Encumbrances At its option, the Collateral Agent may discharge past due taxes, assessments, charges, fees, Liens, security interests or other encumbrances at any time levied or placed on the Collateral and not permitted pursuant to Section 6.02 of the Credit Agreement, and may pay for the maintenance and preservation of the Collateral to the extent any Grantor fails to do so as required by the Credit Agreement or this Agreement, and each Grantor jointly and severally agrees to reimburse the Collateral Agent on demand for any payment made or any expense incurred by the Collateral Agent pursuant to the foregoing authorization; provided, however, that nothing in this Section 4.06 shall be interpreted as excusing any Grantor from the performance of, or imposing any obligation on the Collateral Agent or any Secured Party to cure or perform, any covenants or other promises of any Grantor with respect to taxes, assessments, charges, fees, liens, security interests or other encumbrances and maintenance as set forth herein or in the other Loan Documents.

  • Permitted Encumbrances The term “Permitted Encumbrances” shall mean:

  • Title; Encumbrances Is the Property sold subject to any Encumbrances? No Yes, listed below: ■ WARNING TO SELLER: You are required to disclose all Title Encumbrances which will remain after settlement (for example, easements on your title and statutory easements for sewerage and drainage which may not appear on a title search). Failure to disclose these may entitle the Buyer to terminate the contract or to compensation. It is NOT sufficient to state "refer to title", "search will reveal", or similar. TENANTS NAME: ■ If the property is sold with vacant possession from settlement, insert 'Nil'. Otherwise complete details from Residential Tenancy Agreement. TERM AND OPTIONS: STARTING DATE OF TERM: ENDING DATE OF TERM: RENT: BOND: $ $ PROPERTY MANAGER: ADDRESS: SUBURB: STATE: POSTCODE: PHONE: FAX: MOBILE: EMAIL:

  • LIENS; ENCUMBRANCES Borrower acknowledges that, to the extent provided in Section 21, the grant, creation or existence of any mortgage, deed of trust, deed to secure debt, security interest or other lien or encumbrance (a "Lien") on the Mortgaged Property (other than the lien of this Instrument) or on certain ownership interests in Borrower, whether voluntary, involuntary or by operation of law, and whether or not such Lien has priority over the lien of this Instrument, is a "Transfer" which constitutes an Event of Default and subjects Borrower to personal liability under the Note.

  • Liens and Encumbrances The Company shall not directly or indirectly make, create, incur, assume or permit to exist any assignment, transfer, pledge, mortgage, security interest or other lien or encumbrance of any nature in, to or against any part of the Pledged Property or of the Company's capital stock, or offer or agree to do so, or own or acquire or agree to acquire any asset or property of any character subject to any of the foregoing encumbrances (including any conditional sale contract or other title retention agreement), or assign, pledge or in any way transfer or encumber its right to receive any income or other distribution or proceeds from any part of the Pledged Property or the Company's capital stock; or enter into any sale-leaseback financing respecting any part of the Pledged Property as lessee, or cause or assist the inception or continuation of any of the foregoing.

  • No Encumbrances Borrower has good and indefeasible title to the Collateral, free and clear of Liens except for Permitted Liens.

  • Encumbrances Create, incur, assume or suffer to exist any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens.

  • ENCUMBRANCES/LIENS The Contractor shall not cause or permit any lien, attachment or other encumbrance by any person to be placed on file or to remain on file in any public office or on file with the UNDP against any monies due or to become due for any work done or materials furnished under this Contract, or by reason of any other claim or demand against the Contractor.

  • Title to Properties; Liens and Encumbrances The Company has good and marketable title to all of its material properties and assets, both real and personal, and has good title to all its leasehold interests, in each case subject only to mortgages, pledges, liens, security interests, conditional sale agreements, encumbrances or charges created in the ordinary course of business.

  • Title to Assets; Encumbrances Seller owns good and transferable title to all of the Assets free and clear of any Encumbrances. Seller warrants to Buyer that, at the time of Closing, all Assets shall be free and clear of all encumbrances.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!