Common use of Removal of Encumbrances Clause in Contracts

Removal of Encumbrances. On or before the Scheduled Closing Date, Seller shall have, at Seller's sole cost and expense and to Buyer's satisfaction, removed the effect on title to the Property, or any portion thereof, of any assessments for public improvements, deeds of trust, mechanics liens, and any other monetary or similar encumbrances.

Removal of Encumbrances. On In addition to any obligations undertaken by Seller pursuant to Section 3.2, on or before the Scheduled Closing Date, Seller shall have, at Seller's sole cost and expense and to Buyer's satisfaction, removed the effect on title to the Property, or any portion thereof, of any assessments for public improvements, deeds of trust, mechanics liens, and any other monetary or similar encumbrances.