Examples of Existing Charges in a sentence
The Purchaser has agreed to purchase and the Vendor has agreed to sell the Property, in its present state and condition and on an “as is where is basis”, free from the Existing Charges (as defined below) and all encumbrances with vacant possession, but subject to the conditions of title (express or implied) and restrictions-in-interests endorsed on the land title, for a total cash consideration of RM39,690,000.00 (“Purchase Price”).
Theordering activity may require repair or replacement of nonconforming equipment at no increase in contract price.
C The Vendor has agreed to sell and the Purchaser has agreed to purchase the Property on an “as is where is” basis with vacant possession but subject to the Existing Charges and current encumbrances on the Property and conditions expressed or implied on the register and issue document of title upon the terms and conditions contained in this sale and purchase agreement.
In consideration of the sum of One ($1.00) Dollar, the Existing Chargeholder (the receipt whereof is hereby acknowledged), agrees with the Owner and the City, that the within statutory right of way and Section 219 Covenants shall be encumbrances upon the Lands in priority to the Existing Charges in the same manner and to the same effect as if it had been dated and registered prior to the Existing Charges.
In consideration of the sum of One ($1.00) Dollar, the Existing Chargeholder (the receipt whereof is hereby acknowledged), agrees with the Owner and the City, that the within statutory right of way and Section 219 Covenants shall be encumbrances upon the Parent Parcel in priority to the Existing Charges in the same manner and to the same effect as if it had been dated and registered prior to the Existing Charges.