Permitted Liens and Encumbrances Clause Samples
The Permitted Liens and Encumbrances clause defines which types of liens, claims, or encumbrances are allowed to exist on an asset, typically in the context of a sale, lease, or financing agreement. It usually lists specific categories of acceptable liens, such as statutory liens for taxes not yet due, minor easements, or liens arising in the ordinary course of business, and may set limits on their scope or value. This clause ensures that both parties are aware of and agree to certain existing or potential encumbrances, thereby preventing disputes over title defects and clarifying the risk allocation regarding the asset's legal status.
Permitted Liens and Encumbrances. Permitted Liens and Encumbrances shall be those liens and encumbrances permitted by Exhibit B to the Mortgage.
Permitted Liens and Encumbrances. Those liens and encumbrances affecting all or a portion of the Collateral or any Applicable Underlying Loan Collateral to which Lender consents in writing, as set forth on Exhibit "C," attached hereto and incorporated herein by this reference, as amended or restated from time to time.
Permitted Liens and Encumbrances. The Company shall not, and it shall not allow any Restricted Subsidiary to, grant, create, assume, incur, or suffer to exist, be granted, created, assumed, incurred or to extend any lien or encumbrance on the Mortgaged PropertyTrust Estate or any property of the Restricted Subsidiary pledged to the Trustee hereunder except Permitted Liens and Encumbrances.
Permitted Liens and Encumbrances. 19 Person ............................................................ 19
Permitted Liens and Encumbrances. Those liens and encumbrances affecting all or a portion of one or more of the Resorts to which Lender consents, as set forth on Exhibit B attached hereto and incorporated herein by this reference, and specifically including the Permitted FINOVA Liens.
Permitted Liens and Encumbrances. Those Liens and encumbrances affecting all or any portion of the Collateral to which Lender consents, as set forth on Exhibit "E," attached hereto and incorporated herein by this reference.
Permitted Liens and Encumbrances. Those liens and encumbrances affecting all or a portion of the Collateral or any Applicable Underlying Loan Collateral to which Lender consents in writing, as set forth on Exhibit "C" attached hereto and incorporated herein by this reference, as amended or restated from time to time, including without limitation, (i) the Liens more particularly described in Section 6.3(l) hereof, (ii) real estate tax liens and the second priority mortgage encumbering the ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Resort in Las Vegas, Nevada, and (iii) the holders of participation interests in certain Pledged Notes Receivable as set forth on Exhibit "D" attached hereto.
Permitted Liens and Encumbrances. Those liens and encumbrances affecting all or any portion of the Collateral to which Lender consents in writing, as set forth on Exhibit "D," attached hereto and incorporated herein by this reference, as amended or restated from time to time.
Permitted Liens and Encumbrances liens existing on the date hereof on specific items of equipment and other liens expressly permitted, or consented to in writing by the Bank;