Monetary Title Encumbrances shall have the meaning ascribed to such term in Section 2.4(e).
Monetary Title Encumbrances means any title encumbrances affecting the Hotel or the Assigned Interests which are comprised of delinquent taxes or mortgages, deeds of trust, security agreements, or other similar liens or charges in a fixed sum (or capable of computation as a fixed sum) securing indebtedness or obligations which were created or expressly assumed by Ground Lessee.
Monetary Title Encumbrances means any title encumbrances affecting the Property which are comprised of delinquent taxes, or mortgages, deeds of trust, security agreements, or other similar liens or charges including liens in the nature of those arising from judgments or pending litigation or construction, mechanics, materialmen’s or other liens or charges which are not being contested by Sellers in good faith and liens which were created or expressly assumed by Sellers) in a fixed sum (or capable of computation as a fixed sum) securing indebtedness or obligations (but not including liens against the Property evidencing the rights of third party lessors with respect to any Leased Property).
Examples of Monetary Title Encumbrances in a sentence
For such purposes, Seller may use all or a portion of the Purchase Price to effectuate a Monetary Encumbrance Release with respect to any such Monetary Title Encumbrances at the Closing.
To the extent releases or corrective instruments are required to be delivered by Seller pursuant to the terms of this Agreement, Seller shall pay for the costs associated with the releases of any deeds of trust, mortgages and other Monetary Title Encumbrances encumbering the Property and for any costs associated with any corrective instruments.
All title matters revealed by the Title Commitment and Survey (or any update obtained by Purchaser), other than Monetary Title Encumbrances which will be covered by a Monetary Encumbrance Release at Closing, shall all be deemed Permitted Title Exceptions.
More Definitions of Monetary Title Encumbrances
Monetary Title Encumbrances. Shall have the meanings given to them in Section 4.10.
Monetary Title Encumbrances means any title encumbrances affecting the Hotel which are comprised of delinquent taxes or mortgages, deeds of trust, security agreements, or other similar liens or charges in a fixed sum (or capable of computation as a fixed sum) securing indebtedness or obligations which were created or expressly assumed by Seller (but not including liens against the Property in the nature of those arising from judgments or pending litigation or construction, mechanics, materialman’s or other liens or charges which are in dispute, or liens which were not created or expressly assumed by Seller or liens for Leased Property).
Monetary Title Encumbrances has the meaning set forth in Section 2.3.2.
Monetary Title Encumbrances means any title encumbrances affecting the Hotel which are comprised of (i) delinquent taxes, (ii) mortgages, deeds of trust, security agreements, or other similar liens or charges in a fixed sum (or capable of computation as a fixed sum) securing indebtedness or obligations and encumber the Property or any portion thereof (including, without limitation, any prepayment charges or premiums, defeasance costs, yield maintenances and any and all other charges due and owing or assessed to Seller by any applicable lenders), (iii) mechanics’ or materialmen’s liens for any work done by or on behalf of Seller or Manager, (iv) any judgement liens, or (v) any liens, exceptions to title, or other encumbrances encumbering the Property that are not Permitted Title Exceptions and arose due to the acts or omissions of Seller (or otherwise voluntarily created by Seller) after the Effective Date in violation of this Agreement.
Monetary Title Encumbrances means any title encumbrances affecting the Hotel which are comprised of (i) liens on the Property for unpaid taxes or judgments against Seller, other than liens for taxes not yet due and payable, (ii) mortgages, deeds of trust, security agreements, or other liens or charges in a fixed sum (or capable of computation as a fixed sum) securing indebtedness or obligations which were created or expressly assumed by Seller, or (iii) liens against the Property in the nature of those arising from judgments or pending litigation or construction, mechanics, materialmen’s or other liens or charges for work performed by or on behalf of Seller or Manager. “New Survey” shall have the meaning ascribed to such term in Section 2.4(e) hereof.
Monetary Title Encumbrances means any title encumbrances affecting the Hotel which are comprised of delinquent taxes or mortgages, deeds of trust, security agreements, or other similar liens or charges in a fixed sum (or capable of computation as a fixed sum) securing indebtedness or obligations which were created or expressly assumed by or on behalf of Seller and/or its Affiliates and any liens against the Property in the nature of or arising from judgments or construction, mechanics, materialman’s or other liens or charges, which were created or expressly assumed by or on behalf of Seller and/or its Affiliates, and notices of commencement, including, without limitation, the following matters listed on ALTA Commitment for Title Insurance issued by Chicago Title Insurance Company under Commitment NO. 5189444-C-FL-CP-LAZ with a Commitment date of April 28, 2024 at 9 a.m.: (i) Schedule B, Part I: requirements 7, 8 and 9; and (ii) Schedule B, Part II: exception 13. For the avoidance of doubt, Monetary Title Encumbrances do not include liens against the Property in the nature of or arising from judgments or pending litigation or construction, mechanics, materialman’s or other liens or charges which are in dispute, or other liens which were not created or expressly assumed by or on behalf of Seller or any of its Affiliates.
Monetary Title Encumbrances means any title encumbrances affecting the Property which are comprised of delinquent taxes, mortgages, security agreements, judgments, or construction, mechanics, materialmen’s or other monetary liens or charges.