Monetary Liens definition

Monetary Liens means each of the following to the extent arising by, through or under Seller: judgment liens, mortgages, deeds of trust, mechanic’s liens, pre-construction liens, liens that secure the payment of money or credit, and liens or charges for delinquent taxes.

Monetary Liens has the meaning specified in Section 1.6(b)(i).

Monetary Liens shall have the meaning ascribed thereto in Section 3.2(d)(ii).

Examples of Monetary Liens in a sentence

• Notwithstanding the foregoing, with respect to any matter shown on Schedule C of the Title Commitment such as mortgages, deeds of trust, judgment liens, mechanic's and materialmen's liens, and other monetary liens against the Property that were created by Seller (“Monetary Liens”), on or before Closing, Seller agrees to work with the Title Company to cure, release, or remove any such Monetary Liens.

• Except for Monetary Liens, such items to which Buyer does not object within the Title Objection Period, shall be deemed to be Permitted Exceptions.

• The failure of the lien for future advances secured by the Insured Mortgage to have the same priority over Monetary Liens disclosed by the Public Records as advances secured by the Insured Mortgage at Date of Policy.

• In the event of such default, in addition to remedies available to Developer as set forth in Section 14 hereof, Developer may proceed with the Closing, in which event Developer shall waive such Uncured Defects, except for Monetary Liens (and such Uncured Defects shall be deemed Permitted Exceptions hereunder), provided, however, that Developer may require that any Monetary Liens be paid and discharged out of the proceeds of sale.

• City shall, upon receipt of an Objection Notice, have the option of: (i) remedying or removing some or all of the Developer Parcel Defects prior to the Closing to Developer's satisfaction, provided that City shall be required to remedy or remove all mortgages, liens and encumbrances that may be removed or discharged by the payment of money ("Monetary Liens"); or (ii) leaving some or all of the Developer Parcel Defects as is.

More Definitions of Monetary Liens

Monetary Liens means any mortgage, deed of trust, judgment lien or other similar financial encumbrance arising by, through or under Seller.

Monetary Liens shall have the meaning set forth in Section 6.2(b) hereof.

Monetary Liens means (a) judgment liens and tax liens entered against the Township and encumbering any part of the Wastewater System, and (b) mortgages, security interests and other liens granted by the Township and encumbering the Wastewater System.

Monetary Liens means (i) any mortgage, deed to secure debt, deed of trust, security interest or similar security instrument encumbering all or any part of the Property, (ii) any mechanic’s, materialman’s or similar lien, which if disputed and not yet resolved may be bonded over by Seller or the Company (but not including any such lien resulting from any act or omission of Purchaser or any of its agents, contractors, representatives or employees), (iii) a lien of ad valorem real or personal property taxes, assessments and governmental charges affecting all or any portion of the Property that are delinquent or will be delinquent on the Closing Date, (iv) any monetary judgment of record against Seller or the Company which is a judgment attaching to the Property, and (v) any encumbrances or restrictions that have been voluntarily placed on the Property by Seller or the Company after the Effective Date without Purchaser’s prior written consent.

Monetary Liens means (a) judgment liens and tax liens entered against the Borough and encumbering any part of the System, and (b) mortgages, security interests and other liens granted by the Borough and encumbering the System.

Monetary Liens are defined in Section 1.06(A).

Monetary Liens has the meaning specified in Section 4.3.