Monetary Lien definition

Monetary Lien means a Lien securing an obligation for the payment of money.

Monetary Lien means any monetary claim, judgment, mortgage, deed of trust, deed to secure debt, security interest or other similar encumbrance.

Monetary Lien means any monetary lien affecting the Real Property of an ascertainable amount, other than any lien for taxes or assessments which are not yet due and payable.

Examples of Monetary Lien in a sentence

• Purchaser shall pay (i) the fees of any counsel representing Purchaser; (ii) one half of the escrow fee, if any, charged by the Escrow Agent; (iii) recording fees for any documents to be recorded (other than Monetary Liens); and (iv) the cost of the Title Policy and any endorsements attached thereto at the request of Purchaser (other than in connection with a Monetary Lien).

• Without limiting the foregoing, Seller shall be obligated to fully discharge on or before Closing all mortgages, security interests and other monetary liens and encumbrances of a definite and ascertainable amount (each a "Monetary Lien").

• Failure of Purchaser to object to a Monetary Lien shall in no event be deemed a waiver of Purchaser’s right to require Seller to remove such Monetary Lien.

• The parties acknowledge and agree that Seller shall have the right to apply or cause Escrow Holder to apply all or any portion of the Purchase Price to cause the release of any item included in a Title Notice or any Monetary Lien, as applicable.

• If any title matter other than a matter disclosed in the Title Commitment or the Survey arises or becomes known to Purchaser subsequent to the date of the Title Commitment (a “New Title Matter”) and such New Title Matter (a) is a Monetary Lien or (b) was created or consented to by Seller, then Seller shall cure the New Title Matter, at Seller’s expense, on or before Closing.

More Definitions of Monetary Lien

Monetary Lien shall have the meaning given to such term in Section 7(a)(iii) hereof.

Monetary Lien has the meaning set forth in Section 3.8.

Monetary Lien. A lien that can be satisfied and discharged with the payment of a specified amount of money, which affects title to all or part of the Property, the Units or the Intermediate Interests and was voluntarily created by a Seller or a REIT Seller Sub.

Monetary Lien means any Lien encumbering the Assets and securing a monetary obligation which was created or suffered by Seller, MWV-EED, JV1, their respective Subsidiaries or Affiliates, or any party claiming by, through or under Seller or any of them, other than Liens for non-delinquent real estate Taxes or assessments, mechanics’, landlords’ and other statutory liens incurred in the ordinary course of business, and other than recorded Liens for and in connection with financing (including commitments, letters of credit, lines of credit, construction loans, deeds of trust, mortgages assignments of leases and rents, financing statements and fixture filings, and security interests), or construction or development bonds, guarantees, undertakings or other similar commitments or agreements which are in existence as of the Effective Date with respect to the JV1 Properties and/or the JV2 Properties or which are set forth in the Exhibits and Schedules to this Agreement.

Monetary Lien shall have the meaning set forth in Section 4.3.1.

Monetary Lien means (1) any Encumbrance that secures the payment of borrowed money, (2) any registered construction or mechanic’s lien, any execution upon a judgment or any pre-fixture or fixture filing under personal property legislation and (3) any Encumbrance (other than an inchoate or statutory Encumbrance in favour of any Governmental Entity or public or private utility for amounts not then due) that secures the payment of any cost or amount which is Zellers’ responsibility to pay under this Agreement or under Laws and which is overdue or in default and, payment of which is not subject to the allocation provisions of this Agreement (unless in the case of (3) Zellers otherwise gives Target Canada credit therefor whether or not allocation thereof is contemplated by this Agreement).

Monetary Lien means any mortgages, security interests, liens, tax or assessment liens affecting any of the Owned Real Property that is conveyed to Buyer, and any leasehold mortgages, security interests, liens, tax or assessment liens affecting any of the Leased Real Property in which any Seller owns a leasehold interest in the land relating to such Leased Real Property.