Common use of Permitted Lien Clause in Contracts

Permitted Lien. “Permitted Lien” means (i) whether now existing or hereafter arising or accruing, any security interest in or other lien on any of the Collateral in favor of the Secured Party or (ii) any security interest in or other lien on any of the Collateral fully and accurately described under the heading “Permitted Liens” on Exhibit A attached to and made a part of this Agreement.

Appears in 2 contracts

Sources: Subordination Agreement (PNG Ventures Inc), General Security Agreement (Red Mile Entertainment Inc)

Permitted Lien. “Permitted Lien” means (i) whether now existing or hereafter arising or accruing, any security interest in or other lien on any of the Collateral in favor of the Secured Party or (ii) any security interest in or other lien on any of the Collateral fully and accurately described under the heading “Permitted Liens” on Exhibit A attached to and made a part of this Agreement.or

Appears in 1 contract

Sources: Subordination Agreement (PNG Ventures Inc)

Permitted Lien. “Permitted Lien” means (i) whether now existing or hereafter arising or accruing, any security interest in or other lien on any of the Collateral in favor of the Secured Party or (ii) any security interest in or other lien on any of the Collateral fully and accurately described under the heading “Permitted Liens” on in Exhibit A attached to and made a part of this Agreement, if any.

Appears in 1 contract

Sources: Specific Security Agreement (Op Tech Environmental Services Inc)

Permitted Lien. “Permitted Lien” means (i) whether now existing or hereafter arising or accruing, any security interest in or other lien on any of the Collateral in favor of the Secured Party or (ii) any security interest in or other lien on any of the Collateral fully and accurately described under the heading “Permitted Liens” on in Exhibit A attached to and made a part of this Agreement.

Appears in 1 contract

Sources: General Security Agreement (Op Tech Environmental Services Inc)