Permitted Encumbrances means. (1) The Lien of ad valorem taxes for taxes that are not yet due and payable at the time under consideration; (2) The Liens granted to the Lender under this Agreement; and (3) Other Liens of the Lender.
Appears in 4 contracts
Sources: Security Agreement (Manufactured Housing Properties Inc.), Security Agreement (Manufactured Housing Properties Inc.), Security Agreement (Manufactured Housing Properties Inc.)