Existing Encumbrance definition
Examples of Existing Encumbrance in a sentence
All such title deeds are in the possession of the lenders under the Existing Loans (as part of the Existing Encumbrance).
Tenant shall be permitted to record any such agreement, whether related to an Existing Encumbrance or a mortgage arising after the Effective Date, in the County land records.
Except with respect to the right to grant the Licenses and Releases and subject to any Existing Encumbrance (including, without limitation, any joint ownership agreement), the Interim License is intended to grant to Buyer all of the Sellers’ rights in the Jointly Owned Patents that are subject to the Interim License other than bare title.
Copies of the First Note and First Mortgage are attached hereto as Exhibit D and are sometimes hereinafter referred to as the "Existing Note" and "Existing Encumbrance".
Originals, if available, otherwise true, correct and complete copies of all documents relating to or constituting the Existing Encumbrance.