Future Title Encumbrances Clause Samples

Future Title Encumbrances. Title Encumbrances which are entered into, or become encumbrances on the Retirement Community and/or the Leased Property, after the Commencement Date shall be referred to in this Agreement as "Future Title Encumbrances." Landlord agrees that it will give Tenant and Operator, if applicable, Notice of its intention to execute any Future Title Encumbrances, such Notice to be reasonably in advance of the execution thereof. Landlord covenants that, during the Term of this Agreement, there will not be any Future Title Encumbrances materially affecting the Leased Property or the Retirement Community, unless the Tenant and the Operator, if applicable, have given prior written consent thereto, which consent shall not be unreasonably withheld by Tenant and/or Operator, if applicable, if such Future Title Encumbrance: (i) would not impose any material financial obligations on the Retirement Community; (ii) would not prohibit or limit Tenant and/or the Operator, if applicable, from operating the Retirement Community, including dining and other facilities customarily a part of or related to a similar retirement community, in accordance with the industry standards and the standards set forth in the Operating Agreement during the term of the Operating Agreement; (iii) would not allow the Facility's facilities (for example, parking spaces) to be used by persons other than residents, invitees or employees of the Facility; and (iv) would not adversely affect the value or future use of the Retirement Community.
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Future Title Encumbrances. Title Encumbrances which are entered into, or become encumbrances on the Facility and/or the Leased Property, after the Commencement Date shall be referred to in this Agreement as “Future Title Encumbrances.” Landlord agrees that it will give Tenant and Manager, if applicable, Notice of its intention to execute any Future Title Encumbrances.
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Related to Future Title Encumbrances

  • Title; Encumbrances Is the Property sold subject to any Encumbrances? No Yes, listed below: ■ WARNING TO SELLER: You are required to disclose all Title Encumbrances which will remain after settlement (for example, easements on your title and statutory easements for sewerage and drainage which may not appear on a title search). Failure to disclose these may entitle the Buyer to terminate the contract or to compensation. It is NOT sufficient to state "refer to title", "search will reveal", or similar. TENANTS NAME: ■ If the property is sold with vacant possession from settlement, insert 'Nil'. Otherwise complete details from Residential Tenancy Agreement. TERM AND OPTIONS: STARTING DATE OF TERM: ENDING DATE OF TERM: RENT: BOND: $ $ PROPERTY MANAGER: ADDRESS: SUBURB: STATE: POSTCODE: PHONE: FAX: MOBILE: EMAIL:

  • 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.

  • Taxes; Encumbrances At its option, the Collateral Agent may discharge past due taxes, assessments, charges, fees, Liens, security interests or other encumbrances at any time levied or placed on the Collateral and not permitted pursuant to Section 6.02 of the Credit Agreement, and may pay for the maintenance and preservation of the Collateral to the extent any Grantor fails to do so as required by the Credit Agreement or this Agreement, and each Grantor jointly and severally agrees to reimburse the Collateral Agent on demand for any payment made or any expense incurred by the Collateral Agent pursuant to the foregoing authorization; provided, however, that nothing in this Section 4.06 shall be interpreted as excusing any Grantor from the performance of, or imposing any obligation on the Collateral Agent or any Secured Party to cure or perform, any covenants or other promises of any Grantor with respect to taxes, assessments, charges, fees, liens, security interests or other encumbrances and maintenance as set forth herein or in the other Loan Documents.

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

  • No Encumbrances Borrower has good and indefeasible title to the Collateral, free and clear of Liens except for Permitted Liens.