No New Liens or Exceptions Clause Samples
No New Liens or Exceptions. Buyer hereby objects to any and all liens and exceptions to title not shown on the preliminary title report procured by the Agency and prepared in relation to this Agreement by Escrow Holder (“Preliminary Title Report’). Further, during the period commencing on the Effective Date and continuing until the Closing, Seller agrees it shall not cause any new or modified lien or encumbrance to title to become of record against the Property, unless such lien or encumbrance is approved in writing by Buyer. Each and every new lien or encumbrance shall be subject to Buyer’s prior written consent and unless and until approved by Buyer shall be deemed a disapproved exception to title that shall be removed by Seller at Seller’s sole cost as a condition to Closing.
No New Liens or Exceptions. Buyer hereby objects to any and all liens and exceptions to title not shown on the Proforma Title Policy. Further, during the period commencing on the Effective Date and continuing until the Closing, Seller agrees it shall not cause any new or modified lien or encumbrance to title to become of record against the Property, unless such lien or encumbrance is approved in writing by Buyer. Each and every new lien or encumbrance shall be subject to Buyer’s prior written consent and unless and until approved by Buyer shall be deemed a disapproved exception to title and the removal of any such new or modified lien or encumbrance to title prior to Closing shall be condition to Closing for Buyer’s benefit.
No New Liens or Exceptions. Buyer hereby objects to any and all liens and exceptions to title not shown on the Proforma Title Policy and approved pursuant to Section 3(b)(i). Further, during the period commencing on the Effective Date and continuing until the Closing, Seller agrees it shall not cause any new or modified lien or encumbrance to title to become of record against the Property, unless such lien or encumbrance is approved in writing by Buyer. Each and every new lien or encumbrance shall be subject to Buyer’s prior written consent and unless and until approved by Buyer shall be deemed a disapproved exception to title that shall be removed by Seller at Seller’s sole cost as a condition to the Closing. Seller shall not be obligated to remove any lien or encumbrance except for monetary liens and any new or modified lien or encumbrance as described in the preceding sentences.