Other Permitted Exceptions. The Permitted Exceptions shall include those matters which become Permitted Exceptions pursuant to SECTIONS 4.3 and 4.4 above and, in addition, the following: (a) the Tenant Leases; (b) taxes and assessments for the year in which the Closing occurs and subsequent years; and (c) liens and encumbrances arising after the date hereof to which Purchaser consents in writing. Notwithstanding anything contained herein to the contrary, Seller shall fully pay and satisfy any liens or encumbrances of a definite or ascertainable amount and caused by Seller. Seller shall cause such liens or encumbrances to be discharged from the public record at closing, or, in the case of disputed mechanics liens only, to be insured over by the Title Company, so that such liens or encumbrances do not appear as an exception in the Title Policy. Provided, however, any such disputed liens shall be discharged from the public record upon resolution, which Seller shall diligently pursue, and said obligation shall survive Closing.
Appears in 2 contracts
Sources: Contract to Purchase and Sell Property and Escrow Agreement (National Property Investors 5), Contract to Purchase and Sell Property and Escrow Agreement (National Property Investors 6)