Preamble Permitted Liens Sample Clauses

The Preamble Permitted Liens clause defines which types of liens are allowed to exist on a borrower's assets without breaching the terms of a loan or credit agreement. Typically, this clause lists specific categories of liens, such as those arising by operation of law (like tax liens or mechanics' liens), purchase money security interests, or liens securing existing indebtedness, and may set limits on their amount or scope. By clearly outlining acceptable liens, the clause provides both parties with certainty regarding what encumbrances are permissible, thereby reducing the risk of disputes and ensuring the lender's security interests are protected.
Preamble Permitted Liens ss. 8.11(g) Person ....................................................... ss. 8.11(h) Policies ..................................................... ss. 3.1(v) Proxy Statement .............................................. ss. 5.1(a) Qualifying Acquisition Proposal .............................. ss. 7.2(b) RCRA ......................................................... ss. 3.1(q)(iv) Real Property ................................................ ss. 3.1(r) Regulatory Law ............................................... ss. 5.4(c) REIT ......................................................... ss. 3.1(o)(ii) Release ...................................................... ss. 3.1(q)(iv) SECTION INDEX OF DEFINED TERMS (continued) DEFINED TERM SECTION ------------ -------
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Preamble Permitted Liens. 3.8(a)(ii) Person . . . . . . . . . . . . . . . . . . . . . . . . . . . .10.7(b) Plans. . . . . . . . . . . . . . . . . . . . .. . . . . . . . .3.15(a) Pre-Closing Period . . . . . . . . . . . . . . . . . . . . . .5.8(a)(iii) Preliminary Balance Sheet. . . . . . . . . . . . . . . . . . . 1.5(b) Preliminary Working Capital Statement. . . .
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Preamble Permitted Liens. 3.8(a)(ii) Person..................................................................10.7(b) Plans...................................................................3.15(a) Pre-Closing Period..................................................5.8(a)(iii) - v -
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Preamble Permitted Liens. 3.16 person..........................................................10.02(a) Reduction Amount................................................2.05(c) Registered Intellectual Property................................3.13(a) Registration Statement..........................................6.01(a) Representatives.................................................6.03(a) Securities Act..................................................3.02(a) September 30, 2001 Balance Sheet................................2.05(a) September 30, 2001 Net Worth....................................2.05(a) Shareholders....................................................10.02(a) Shareholder Indemnified Parties.................................8.03(a) Shareholder Ratio...............................................10.02(a) Shareholders' Representative....................................2.05(b) subsidiary or subsidiaries......................................10.02(a) Surviving Corporation...........................................1.01
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Preamble Permitted Liens. 3.20(d) Proceedings..........................................................
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Preamble Permitted Liens. 7.10(k) Person..................................................................7.10(l) Proxy Statement.......................................................2.1(e)(i) Related Party............................................................2.1(i) Required Regulatory Approvals............................................5.1(d) Schedule 13E-3..........................................................7.10(m) SEC...................................................................2.1(d)(i) Securities Act........................................................2.1(c)(v) Special Committee......................................................
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Related to Preamble Permitted Liens

  • Permitted Liens Create, incur, assume or suffer to exist any Lien upon or with respect to any of its Property, whether now owned or hereafter acquired, file or authorize the filing under the Uniform Commercial Code or any Requirement of Law of any jurisdiction, a financing statement (or the equivalent thereof) that names it or any of its Subsidiaries as debtor; sign any security agreement authorizing any secured party thereunder to file such financing statement (or the equivalent thereof) other than, as to all of the above, the following (collectively, "Permitted Liens"): (a) Liens in favor of Agent; (b) Liens securing Debt that is permitted under Section 9.2.1(c); (c) Liens for Taxes not yet due or being Properly Contested; (d) statutory Liens (other than Liens for Taxes or imposed under ERISA) arising in the Ordinary Course of Business, but only if (i) payment of the obligations secured thereby is not yet due or is being Properly Contested, and (ii) such Liens do not materially impair the value or use of the Property or materially impair operation of the business of Borrowers or their Subsidiaries; (e) Liens incurred or deposits made in the Ordinary Course of Business to secure the performance of government tenders, bids, contracts, statutory obligations and other similar obligations, as long as such Liens are at all times junior to Agent's Liens and are required or provided by law; (f) Liens arising in the Ordinary Course of Business that are subject to Lien Waivers; (g) Liens arising by virtue of a judgment or judicial order against Borrowers or their Subsidiaries, or any Property of Borrowers or their Subsidiaries, as long as such Liens are (i) in existence for less than 20 consecutive days or being Properly Contested, and (ii) at all times junior to Agent's Liens; (h) easements, rights-of-way, restrictions, covenants or other agreements of record, and other similar charges or encumbrances on Real Estate, that do not secure any monetary obligation and do not interfere with the Ordinary Course of Business; (i) normal and customary rights of setoff upon deposits in favor of depository institutions, and Liens of a collecting bank on Payment Items in the course of collection; and (j) carriers', warehousemen's, landlord's, mechanics, materialmen's, repairmen's or other like Liens arising in the Ordinary Course of Business that secure obligations that are not overdue for a period of more than 30 days or are being Properly Contested; (k) Liens securing the Debt that is permitted under Section 9.2.1(f); provided that such Liens are at all times subject to the terms of the Intercreditor Agreement; (l) Liens in favor of customs and revenue authorities arising as a matter of law which secure payment of customs duties in connection with the importation of goods, but only to the extent such Liens secure amounts not yet due; (m) existing Liens shown on Schedule 9.2.2 and replacement Liens on the property subject to such Liens, but only to the extent that the amount of debt secured thereby, and the property secured thereby, shall not be increased; and (n) Liens in favor of Borrower in respect of its consignment interests encumbering its Consigned Inventory (as defined in the Revolver Loan Agreement).

  • TITLE TO COLLATERAL; PERMITTED LIENS Borrower is now, and will at all times in the future be, the sole owner of all the Collateral, except for items of Equipment which are leased by Borrower. The Collateral now is and will remain free and clear of any and all liens, charges, security interests, encumbrances and adverse claims, except for Permitted Liens. Silicon now has, and will continue to have, a first-priority perfected and enforceable security interest in all of the Collateral, subject only to the Permitted Liens, and Borrower will at all times defend Silicon and the Collateral against all claims of others. None of the Collateral now is or will be affixed to any real property in such a manner, or with such intent, as to become a fixture. Borrower is not and will not become a lessee under any real property lease pursuant to which the lessor may obtain any rights in any of the Collateral and no such lease now prohibits, restrains, impairs or will prohibit, restrain or impair Borrower's right to remove any Collateral from the leased premises. Whenever any Collateral is located upon premises in which any third party has an interest (whether as owner, mortgagee, beneficiary under a deed of trust, lien or otherwise), Borrower shall, whenever requested by Silicon, use its best efforts to cause such third party to execute and deliver to Silicon, in form acceptable to Silicon, such waivers and subordinations as Silicon shall specify, so as to ensure that Silicon's rights in the Collateral are, and will continue to be, superior to the rights of any such third party. Borrower will keep in full force and effect, and will comply with all the terms of, any lease of real property where any of the Collateral now or in the future may be located.

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

  • Valid Liens Each Collateral Document delivered pursuant to Sections 4.02, 6.11 and 6.13 will, upon execution and delivery thereof, be effective to create in favor of the Collateral Agent for the benefit of the Secured Parties, legal, valid and enforceable Liens on, and security interests in, the Collateral described therein to the extent intended to be created thereby and (i) when financing statements and other filings in appropriate form are filed in the offices specified on Schedule 4 to the Perfection Certificate and (ii) upon the taking of possession or control by the Collateral Agent of such Collateral with respect to which a security interest may be perfected only by possession or control (which possession or control shall be given to the Collateral Agent to the extent possession or control by the Collateral Agent is required by the Security Agreement), the Liens created by the Collateral Documents shall constitute fully perfected Liens on, and security interests in (to the extent intended to be created thereby), all right, title and interest of the grantors in such Collateral to the extent perfection can be obtained by filing financing statements, in each case subject to no Liens other than Liens permitted hereunder.

  • Material Agreements and Liens (a) Part A of Schedule 3.11 is a complete and correct list of each credit agreement, loan agreement, indenture, purchase agreement, guarantee, letter of credit or other arrangement providing for or otherwise relating to any Debt or any extension of credit (or commitment for any extension of credit) to, or Guarantee by, the Borrower or any of its Subsidiaries, outstanding on the date hereof the aggregate principal or face amount of which equals or exceeds (or may equal or exceed) $5,000,000, and the aggregate principal or face amount outstanding or that may become outstanding under each such arrangement is correctly described in Part A of said Schedule 3.11. (b) Part B of Schedule 3.11 is a complete and correct list of each Lien securing Debt of any Person outstanding on the date hereof the aggregate principal or face amount of which equals or exceeds (or may equal or exceed) $5,000,000 and covering any Property of the Borrower or any of its Subsidiaries, and the aggregate Debt secured (or that may be secured) by each such Lien and the Property covered by each such Lien is correctly described in Part B of said Schedule 3.11.