Monetary Encumbrance definition

Monetary Encumbrance shall have the meaning assigned thereto in Section 8.3(a).

Monetary Encumbrance means any mortgage, deed of trust or similar security instrument filed or recorded against the Owned Real Property to secure indebtedness of any of the IASIS Parties for borrowed money, other than any Monetary Encumbrances that will be satisfied, discharged or paid off in connection with the Closing under this Agreement and the Merger Agreement.

Monetary Encumbrance means an Encumbrance, which secures any obligation to pay a sum of money, whether or not definite in amount, including, without limitation, any Encumbrance affecting a parcel of real property that secures (i) an outstanding obligation of any of the Companies under any mortgage, deed of trust or other lien encumbering title to such parcel of real property, (ii) any judgment entered against any of the Companies, (iii) any delinquent tax obligation, (iv) any mechanics' or materialmen's liens or (v) similar obligations of any of the Companies.

Examples of Monetary Encumbrance in a sentence

• The beneficiary of the Monetary Encumbrance agrees, by affixing its signature to this Easement Agreement, to subordinate its rights in the Protected Property to the Conservation Easement to the extent necessary to permit Grantee to enforce the purpose of the Easement Agreement in perpetuity and to prevent any modification or extinguishment of the Conservation Easement by exercising any rights of the beneficiary under the Monetary Encumbrance.

• Each Seller, respectively, shall have in all material respects performed or complied with each of the obligations, covenants, agreements and conditions required to be performed or complied with by each such Seller on or prior to the Closing (including the obligation to cure any Monetary Encumbrance and Non-Monetary Encumbrance that Sellers are required to cure, or otherwise commit to cure, pursuant to the terms of Section 5.5(c)).

• The parties acknowledge and agree that Seller shall have the right to apply or cause Escrow Agent to apply all or any portion of the Purchase Price to cause the release of any Post-Effective Date Voluntary Encumbrance, Financing Lien or any Monetary Encumbrance when escrow is broken at Closing.

• Buyer hereby acknowledges the possibility that Seller’s existing institutional lender of the existing Blanket Monetary Encumbrance, as defined in Business and Professions Code Section 11013, if any, may require the concurrent closing of two or more escrows for the sale of the Condominiums in this Project, as a condition to releasing the encumbrance.

More Definitions of Monetary Encumbrance

Monetary Encumbrance as defined in Subsection 7.2.1(i)

Monetary Encumbrance shall have the meaning specified in Section 3.2.1 of ------------- this Agreement.

Monetary Encumbrance means an encumbrance to title that is a mortgage, deed of trust, security agreement or financing statement and does not arise out of the acts or omissions of Buyer.

Monetary Encumbrance means any Mortgage, judgment, lien or other encumbrance that can be satisfied by payment of a liquidated amount.

Monetary Encumbrance means any mortgage or deed of trust, lien, or other encumbrance filed against the Property, including but not limited to any contractors’ or subcontractors’ liens filed against the Property in connection with the construction of the Base Building Improvements and/or the Space Improvements, as applicable, which may be satisfied by the payment of a liquidated amount.

Monetary Encumbrance shall have the meaning specified in SECTION 5.2 of this Agreement.

Monetary Encumbrance means any construction or mechanics liens or notices of commencement related to work contracted by Seller (but for avoidance of doubt, not any tenant unless a lien is recorded) or other monetary liens encumbering the Property that may be removed by the payment of an ascertainable liquidated sum of money.