{"component": "definition", "props": {"groups": [{"snippet_links": [], "samples": [{"hash": "gg7Qouj5t90", "uri": "/contracts/gg7Qouj5t90#monetary-encumbrance", "label": "Purchase and Sale Agreement", "score": 31.3408622742, "published": true}, {"hash": "iwvqBJNF6qS", "uri": "/contracts/iwvqBJNF6qS#monetary-encumbrance", "label": "Purchase and Sale Agreement (Bluerock Residential Growth REIT, Inc.)", "score": 30.4674873352, "published": true}, {"hash": "5isUvWanemP", "uri": "/contracts/5isUvWanemP#monetary-encumbrance", "label": "Purchase and Sale Agreement (Bluerock Residential Growth REIT, Inc.)", "score": 30.4674873352, "published": true}], "snippet": "shall have the meaning assigned thereto in Section 8.3(a).", "size": 11, "hash": "3ab15cf5c484224e4c79b4959b6abd82", "id": 1}, {"snippet_links": [{"key": "deed-of-trust", "type": "definition", "offset": [20, 33]}, {"key": "security-instrument", "type": "clause", "offset": [45, 64]}, {"key": "owned-real-property", "type": "definition", 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materialmen\u2019s liens created by, through or under Seller, the Company or any of the LLCs (but not in connection with Buyer\u2019s inspection or tenant work for which tenants are responsible under their Leases) and (d) any lis pendens or judgment of record against Seller, the Company or the LLCs, in the county or other applicable jurisdiction in which the applicable Property is located.", "size": 1, "hash": "5c0fc59fb0d0124dfacdc21fb0e2fe63", "id": 6}, {"snippet_links": [{"key": "a-mortgage", "type": "definition", "offset": [38, 48]}, {"key": "deed-of-trust", "type": "definition", "offset": [50, 63]}, {"key": "agreement-or", "type": "definition", "offset": [74, 86]}, {"key": "financing-statement", "type": "definition", "offset": [87, 106]}, {"key": "acts-or-omissions", "type": "clause", "offset": [137, 154]}, {"key": "of-buyer", "type": "clause", "offset": [155, 163]}], "samples": [{"hash": "lkKv8vIRzkB", "uri": "/contracts/lkKv8vIRzkB#monetary-encumbrance", "label": "Purchase 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{"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [953, 982]}], "samples": [{"hash": "bMumu3RXmNE", "uri": "/contracts/bMumu3RXmNE#monetary-encumbrance", "label": "Purchase and Sale Agreement (Carey Watermark Investors Inc)", "score": 24.4442157745, "published": true}], "snippet": "means an encumbrance to title that is timely raised by Purchaser as a objection in accordance with Section 4.1(a) and/or which arise from and after the expiration of the Objection Period, in either case, which is (a) a mortgage, deed of trust, security agreement or financing statement caused or created by Seller (except to the extent being assigned to Purchaser\u2019s mortgage lender(s) at Closing pursuant to Section 4.1(d)) or (b) a judgment or a mechanic\u2019s, materialman\u2019s or broker\u2019s lien caused by Seller which is intentionally created, consented to or affirmatively permitted by Seller, Operating Tenant or their respective affiliate (and not by Restaurant Tenant, Purchaser or any other Person) which, together with any other judgment, mechanic\u2019s materialman\u2019s or broker\u2019s lien caused by Seller (and not by Restaurant Tenant or any other Person) does not exceed Two Million Five Hundred Thousand and No/100 Dollars ($2,500,000.00) in the aggregate. 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(ii) a judgment lien, mechanics\u2019 or material men\u2019s lien or other monetary lien that is filed against the Property or any portion thereof which may be cured or removed by the payment of money; and (iii) any municipal code violation (which violation results in a monetary fine) against Seller, a Subsidiary, the Property or any portion thereof which, in each case, may be cured by the payment of a quantifiable sum of money to the applicable Governmental Authority.", "size": 1, "hash": "34337a45247e5467decc573ef4486542", "id": 10}], "next_curs": "CmESW2oVc35sYXdpbnNpZGVyY29udHJhY3Rzcj0LEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIdbW9uZXRhcnktZW5jdW1icmFuY2UjMDAwMDAwMGEMogECZW4YACAA", "definition": {"snippet": "shall have the meaning assigned thereto in Section 8.3(a).", "size": 35, "title": "Monetary Encumbrance", "id": "monetary-encumbrance", "examples": ["The Primary Servicer shall provide to the Master Servicer and the Special Servicer a copy of its recommendation with respect to such matter and the materials upon which such recommendation is based (which information shall consist of the information to be included in the Additional Lien, <strong>Monetary Encumbrance</strong> and Mezzanine Financing Submission Package to the Master Servicer, in the form attached hereto as Exhibit M).", "Seller shall pay (a) one-half of any escrow or closing charges of the Title Company and title exam fees, (b) the basic premium for the Title Policy in the amount of the Purchase Price (c) all costs (including recording costs) to payoff and release any <strong>Monetary Encumbrance</strong>, and (d) any brokerage fees associated with this transaction that are owed by the Seller.", "Nothing in this clause (b) shall require the Seller, despite any election by the Seller to attempt to discharge any title exceptions, to take or bring any action or proceeding or any other steps to remove any title exception or to expend any moneys therefor, other than with respect to the Post Effective Date Seller Encumbrance, the Post Effective Date <strong>Monetary Encumbrance</strong>, Financing Liens and Tax Liens.", "The Partnership may cure <strong>Monetary Encumbrances</strong> by either of the following methods: (i) payment and release of such <strong>Monetary Encumbrance</strong> of record or (ii) posting a bond which causes such <strong>Monetary Encumbrance</strong> to cease to be a Lien on the Property.", "In order to cure any title defects other than a <strong>Monetary Encumbrance</strong>, the Partnership shall have the option to extend the Closing Date for a period of thirty (30) days, by giving written notice of such extension election to Buyer on or prior to the Closing Date.", "Buyer shall be entitled to elect at Closing to effect cure of any <strong>Monetary Encumbrance</strong> not cured by Seller by payment from the proceeds otherwise constituting the Purchase Price of any amounts which may be required in order to effect satisfaction and cure of such <strong>Monetary Encumbrance</strong>.", "If any New Encumbrance is a <strong>Monetary Encumbrance</strong>, Seller must satisfy same on or before the Closing subject to Section 5(d).", "The beneficiary of the <strong>Monetary Encumbrance</strong> 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 <strong>Monetary Encumbrance</strong>.", "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 <strong>Monetary Encumbrance</strong> when escrow is broken at Closing.", "Nothing herein contained shall obligate Seller to bring any action or proceeding or otherwise incur any expense in order to cure any Title Objection which is not a <strong>Monetary Encumbrance</strong>."], "related": [["blanket-encumbrance", "Blanket encumbrance", "Blanket encumbrance"], ["permitted-encumbrance", "Permitted Encumbrance", "Permitted Encumbrance"], ["permitted-real-property-encumbrances", "Permitted Real Property Encumbrances", "Permitted Real Property Encumbrances"], ["permitted-encumbrances", "Permitted Encumbrances", "Permitted Encumbrances"], ["permitted-exception", "Permitted Exception", "Permitted Exception"]], "related_snippets": [], "updated": "2025-11-08T04:50:29+00:00"}, "json": true, "cursor": ""}}