Monetary Encumbrance Release definition

Monetary Encumbrance Release shall have the meaning ascribed to such term in Section 2.4(e) hereof.
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Monetary Encumbrance Release has the meaning set forth in Section 2.3.2.
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Monetary Encumbrance Release means with respect to each Monetary Title Encumbrance at Closing Transferor either (i) paying and discharging, (ii) bonding against in a manner legally sufficient to cause to be released, or (iii) indemnifying or escrowing money with or otherwise causing the Title Company to insure over, such Monetary Title Encumbrance.
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Examples of Monetary Encumbrance Release in a sentence

  • For such purposes, Seller may use all or a portion of the Purchase Price to effectuate a Monetary Encumbrance Release at the Closing.

  • All title matters revealed by the Title Commitment and Survey which are not objected to by Purchaser as provided above (other than Monetary Title Encumbrances, which will be covered by a Monetary Encumbrance Release at Closing), or which are waived or deemed waived by Purchaser as provided above, shall be deemed Permitted Title Exceptions.

  • If Seller agrees in Seller’s Response to attempt to cure any of such New Objections, Seller shall use good faith efforts (without the obligation to expend any money or incur any liability except with regards to the release of Monetary Title Encumbrances (which will be covered by a Monetary Encumbrance Release at Closing) to cure such New Objections which Seller has agreed to cure on or before the Closing Date to the reasonable satisfaction of Purchaser.

  • For such purposes, Sellers may use all or a portion of the Adjusted Purchase Price to effectuate a Monetary Encumbrance Release with respect to any such Monetary Title Encumbrances at Closing.

  • All New Exceptions which are not objected to by Purchaser as provided above (other than Monetary Title Encumbrances which will be covered by a Monetary Encumbrance Release at Closing), or which are waived as provided above, shall all be deemed Permitted Title Exceptions.

  • All title matters revealed by the Title Commitment and Updated Survey which (i) are not objected to by Purchaser as provided above (other than Monetary Title Encumbrances which will be covered by a Monetary Encumbrance Release at Closing), (ii) are waived or deemed waived by Purchaser as provided above, or (iii) were caused by or on behalf of Purchaser.

  • No consent or approval of any Person is required for the execution, delivery and performance by Sellers of this Agreement other than (i) approvals required pursuant to a Monetary Title Encumbrance which will be covered by a Monetary Encumbrance Release at Closing; and (ii) such other consents as are required under Authorizations, Expansion Entitlements, rules and regulations of liquor license authorities, and the Ordinary Course Contracts.

  • No consent or approval of any Person is required for the execution, delivery and performance by any Seller of this Agreement other than (x) approvals required pursuant to a Monetary Title Encumbrance which will be covered by a Monetary Encumbrance Release at Closing; and (y) such other consents as are required under Authorizations, Expansion Entitlements, rules and regulations of liquor license authorities, and the Ordinary Course Contracts.

  • Any failure of Seller to effectuate a Monetary Encumbrance Release of any Monetary Title Encumbrances at or prior to Closing shall constitute a default by Seller under Section 9.1 and Purchaser shall have the right to exercise all rights and remedies afforded to it on account thereof in accordance with this Agreement.

  • All of such equity interests: (a) at Closing will have been duly authorized and validly issued, fully paid, and nonassessable except to the extent otherwise provided in the Summerfield Holding Limited Liability Company Agreement and (b) immediately preceding Closing will be held of record and owned beneficially by the applicable entity as set forth on Exhibit O free and clear of any Liens (other than the Monetary Title Encumbrances to be covered by a Monetary Encumbrance Release at Closing).

Related to Monetary Encumbrance Release

  • Permitted Encumbrance means, with respect to any Mortgaged Property, such exceptions to title as are set forth in the Mortgage Policy delivered with respect thereto, all of which exceptions must be acceptable to the Administrative Agent in its reasonable discretion.

  • Permitted Encumbrances means:

  • Property Condition Report means a report prepared by a company satisfactory to Lender regarding the physical condition of the Property, satisfactory in form and substance to Lender in its sole discretion.

  • Maintenance Release means any update, upgrade, release or other adaptation or modification of the Software, including any updated Documentation, that Contractor may generally provide to its licensees from time to time during the Term, which may contain, among other things, error corrections, enhancements, improvements or other changes to the user interface, functionality, compatibility, capabilities, performance, efficiency or quality of the Software.

  • Customary Recourse Exceptions means, with respect to any Non-Recourse Debt of an Unrestricted Subsidiary, exclusions from the exculpation provisions with respect to such Non-Recourse Debt for the voluntary bankruptcy of such Unrestricted Subsidiary, fraud, misapplication of cash, environmental claims, waste, willful destruction and other circumstances customarily excluded by lenders from exculpation provisions or included in separate indemnification agreements in non-recourse financings.

  • Lien means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge, or preference, priority or other security interest or preferential arrangement in the nature of a security interest of any kind or nature whatsoever (including any conditional sale or other title retention agreement, any easement, right of way or other encumbrance on title to real property, and any financing lease having substantially the same economic effect as any of the foregoing).

  • Exceptions means the conditions set out in Standard Licence Condition 14A.3 of our Licences, which are: (i) if your previous supplier has prevented