Existing Liens and Encumbrances Clause Samples

The 'Existing Liens and Encumbrances' clause identifies and discloses any current legal claims, debts, or restrictions attached to a property or asset prior to the execution of an agreement. This clause typically requires the seller or owner to list all mortgages, easements, unpaid taxes, or other third-party interests that may affect the asset's title or use. By clearly outlining these pre-existing obligations, the clause ensures transparency for the buyer or transferee, helping them assess potential risks and preventing future disputes over undisclosed liabilities.
Existing Liens and Encumbrances. All of the UCC filings described in the lien searches dated June 6, 2018 provided to the Administrative Agent by CT Lien Solutions
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Existing Liens and Encumbrances. All liens and encumbrances shown as exceptions to the title insurance policy delivered in connection with the issuance of the Bonds.
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Existing Liens and Encumbrances. The Permitted Liens are set forth in a separate Agreement as to Liens and Encumbrances dated as of April 22, 2016 and executed by the Borrower and acknowledged and agreed to by the Administrative Agent.
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Existing Liens and Encumbrances. Lessor shall satisfy or cancel of record all existing liens and encumbrances affecting the Premises as of the Lease Date except as otherwise set forth in this Lease.
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Existing Liens and Encumbrances. All of the UCC filings described in the lien searches dated March 14, 2022 provided to the Administrative Agent by CogencyGlobal.
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Existing Liens and Encumbrances. 1. All of the UCC filings described in each summary of lien search dated from May 8, 2011 through May 16, 2011 provided to the Administrative Agent by Article 9 Agents. 2. Liens of lessors under capital leases in the amount of $7.7 million, as described in Schedule 7.5(c). 1. Guarantee of residual value under existing synthetic lease agreement totaling $12.8 million. 2. Parent guarantee supporting a euro denominated bank line of credit extended to Scotts France SAS. The June 2011 available balance of such bank line of credit was U.S.$10,725,000 using a euro to dollars exchange rate of 1.43.
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Related to Existing Liens and Encumbrances

  • Liens and Encumbrances The Company shall not directly or indirectly make, create, incur, assume or permit to exist any assignment, transfer, pledge, mortgage, security interest or other lien or encumbrance of any nature in, to or against any part of the Pledged Property or of the Company's capital stock, or offer or agree to do so, or own or acquire or agree to acquire any asset or property of any character subject to any of the foregoing encumbrances (including any conditional sale contract or other title retention agreement), or assign, pledge or in any way transfer or encumber its right to receive any income or other distribution or proceeds from any part of the Pledged Property or the Company's capital stock; or enter into any sale-leaseback financing respecting any part of the Pledged Property as lessee, or cause or assist the inception or continuation of any of the foregoing.

  • LIENS; ENCUMBRANCES Borrower acknowledges that, to the extent provided in Section 21, the grant, creation or existence of any mortgage, deed of trust, deed to secure debt, security interest or other lien or encumbrance (a "Lien") on the Mortgaged Property (other than the lien of this Instrument) or on certain ownership interests in Borrower, whether voluntary, involuntary or by operation of law, and whether or not such Lien has priority over the lien of this Instrument, is a "Transfer" which constitutes an Event of Default and subjects Borrower to personal liability under the Note.

  • Permitted Encumbrances The term “Permitted Encumbrances” shall mean:

  • Title to Properties; Liens and Encumbrances The Company has good and marketable title to all of its material properties and assets, both real and personal, and has good title to all its leasehold interests, in each case subject only to mortgages, pledges, liens, security interests, conditional sale agreements, encumbrances or charges created in the ordinary course of business.

  • ENCUMBRANCES/LIENS The Contractor shall not cause or permit any lien, attachment or other encumbrance by any person to be placed on file or to remain on file in any public office or on file with the UNDP against any monies due or to become due for any work done or materials furnished under this Contract, or by reason of any other claim or demand against the Contractor.