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

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

Examples of Monetary Liens in a sentence

If Purchaser has timely notified Seller in writing of Purchaser’s Objections to the Title Commitment or the Existing Survey, then Seller shall have a period of three (3) days following the receipt of the Objections in which to commit to the cure the Objections before Closing (the “Cure Period”); provided, however, Seller may, but shall not be obligated to, cure any of the Purchaser’s Objections other than Monetary Liens.
If Purchaser does not timely elect to terminate this Agreement, then Purchaser shall be deemed to have waived any unsatisfied Objection, other than Monetary Liens, and any such unsatisfied Objection, other than Monetary Liens, shall become a Permitted Exception.
Seller shall cause the Monetary Liens to be paid, satisfied or removed at or prior to Closing.
Purchaser shall be deemed to have made Objections to all monetary liens Monetary Liens and at or before Closing, Seller shall be obligated to pay, satisfy and/or remove all Monetary Liens.

More Definitions of Monetary Liens

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

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

Monetary Liens are defined in Section 1.06(A).

Monetary Liens has the meaning specified in Section 2.3(b)(i).

Monetary Liens means (a) mortgages or deeds of trust encumbering Seller’s interest in the Property or any portion thereof, (b) mechanics’ liens or notices thereof encumbering Seller’s interest in any portion of the Property, (c) liens for delinquent real estate taxes, governmental assessments, or homeowners’ association dues assessed against any portion of the Property owned by Seller, (d) judgment liens that can be removed by the payment of an ascertainable sum of money and that encumber one or more Units, and (e) code enforcement liens and municipal liens. Monetary Liens shall include, without limitation, those monetary issues set forth in Schedule 4(B) attached hereto. “Permitted Exceptions” shall refer to all of the following: (a) applicable zoning, building and land use laws, ordinances, rules and regulations provided that the same do not prohibit the use of any Unit as a single family residence, (b) the lien of taxes and assessments not yet due and payable, (c) the rights of the tenants, as tenants only, under the Leases, with no options to purchase or rights of first refusal to purchase, (d) those matters enumerated in “Schedule B-II” of the Title Commitments (other than Monetary Liens and those Purchaser’s Title Objections which Seller has elected in writing to cure or remove as provided in this Section 4(B)).

Monetary Liens means all liens secured by deeds of trust securing loans made to Transferor, mechanics’ liens relating to work contracted for by Transferor, judgment liens against Transferor, and delinquent real property taxes, provided that if Transferee is the Grantee, Monetary Liens shall include real property taxes for the property tax period in which the Closing occurs and all prior property tax periods in accordance with Section 4.7 below.