Avoidance of Encumbrances Clause Samples

Avoidance of Encumbrances. FOCAS shall not create or permit any lien or other encumbrance against the Right of Way, the Towers, the Substation Sites, the Cable, the Cable Accessories, the Connecting Points, the Regeneration Facilities, the System Electronics, the Commercial Fibers, any IRU (or comparable lease or other right), or the Gross Revenues. ELI shall not create or permit any lie▇ ▇r other encumbrance against the Right of Way, the Towers, the Substation Sites, or create or permit any lien or other encumbrance not existing as of the Effective Date affecting ELI's right, title or interest in and to the Cable, the Cable Accessories, the Connecting Points, the Regeneration Facilities, the System Electronics, the Commercial Fibers, any IRU (or comparable lease or other right), or the Gross Revenues. Such covenant by ELI shall not affect ELI's right to ma▇▇▇t over the System, or to sell, lease, assign or swap rights in and to the Commercial Fibers as provided in Section 10.1(b). The foregoing covenant shall not be breached by the creation of mechanic's, materialman's, or similar liens in the ordinary course of construction or installation, provided that such liens are satisfied, bonded, or otherwise provided for in due course by the party hereto which is responsible for the creation or imposition of such liens.
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Avoidance of Encumbrances. With respect to the Right of Way, the ------------------------- Cable and the Cable Accessories, PG&E, throughout the Term, shall not create any lien or other property interest the foreclosure or enforcement of which could terminate or prevent the exercise of the rights of ▇▇▇ under this Agreement.
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Avoidance of Encumbrances. 27 7.2 Payment of Ad Valorem Taxes.......................................................27 7.3 Sales or Use Taxes................................................................27 7.4 Liens.............................................................................27 7.5
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Avoidance of Encumbrances. Borrower will promptly pay all taxes, assessments, and governmental charges, as well as all claims for labor, materials, and supplies, which, if unpaid, might by law become a lien or charge upon its personal property or any real property that is collateral securing Borrower's obligations under this Note;
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Related to Avoidance of Encumbrances

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

  • 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.

  • Release of Encumbrances The Company shall have filed (where necessary) ----------------------- and delivered to Buyer all documents necessary to release the Assets from all Encumbrances which documents shall be in a form reasonably satisfactory to Buyer's counsel.

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

  • No Encumbrance No Work, materials or equipment covered by an approved Application for Payment will have been acquired by the Contractor, or any other person performing work at the Site or furnishing materials or equipment for the Project, subject to an agreement under which an interest therein or an encumbrance thereon is retained by the seller or otherwise imposed by the Contractor or such other person.