Liens, Encumbrances and Claims Sample Clauses

Liens, Encumbrances and Claims. The Mortgagor will not directly or indirectly create, incur, assume or suffer to exist any lien, security interest, charge or encumbrance on or with respect to any part or all of the Mortgaged Aviation Property, title thereto or any interest therein, except any of the following (herein referred to collectively as "Permitted Encumbrances"): (a) the lien and security interest of this Mortgage, (b) transfers of possession and other acts permitted by Section 5, and (c) Permitted Liens as defined in the Credit Agreement.
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Liens, Encumbrances and Claims. Debtors will not directly or indirectly create, incur, assume or suffer to exist any lien, security interest, charge or encumbrance on or with respect to any part or all of the Collateral, title thereto or any interest therein, except any Permitted Liens. Each Debtor shall, at its sole expense, defend the security interest in the Collateral that it owns against any and all claims of any party (other than holders of Permitted Liens) adverse to any Noteholders and take such action and execute such financing statements and other documents as Noteholders may from time to time reasonably request to maintain the perfected status of the security interest granted hereunder and Collateral Agent is hereby authorized to file all such financing statements and other documents without further action on the part of Debtors.
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Liens, Encumbrances and Claims. The Mortgagor will not directly or indirectly create, incur, assume or suffer to exist any lien, security interest, charge or encumbrance on or with respect to any part or all of the Mortgaged Aviation Property, title thereto or any interest therein, except any of the following (herein referred to collectively as "Permitted Encumbrances"): (a) the lien and security interest of this Mortgage, and (b) transfers of possession and other acts permitted by Section 5.
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Liens, Encumbrances and Claims. Verizon Wireless shall not suffer or permit to be filed or enforced against the Premises, the Access and Utility Area, or any other portion of the Property any statutory lien for labor or materials (including, without limitation, any mechanics’ or materialmen’s lien), other encumbrance, or claim for damages arising from the activities of Verizon Wireless or the Verizon Wireless Agents in connection with the Access License. Verizon Wireless shall pay or cause to be paid on a timely basis all bills or claims that could give rise to any such lien, encumbrance, or claim. If any such statutory or other lien or encumbrance is filed or asserted against the Premises or other portion of the Property, Verizon Wireless shall cause the same to be fully discharged, by payment, bonding or otherwise, within 30 days after Verizon Wireless’ receipt of notice of such filing or assertion, and upon any failure of Verizon Wireless to do so, the District and T-Mobile shall have the right to do so, by payment, bonding (including without limitation obtaining and recording a lien release bond pursuant to California Civil Code Section 8424) or otherwise, and Verizon Wireless shall, within 30 days after receipt of an invoice and reasonable supporting documentation, pay to the District and/or T-Mobile, as applicable, all amounts reasonably expended by the District and/or T-Mobile in connection with obtaining such release or discharge. The failure by the District or T-Mobile to post or record any notices of non-responsibility shall not in any manner diminish or negate Verizon Wireless’ obligations pursuant to this Section.
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Liens, Encumbrances and Claims. Verizon shall not suffer or permit to be filed or enforced against the Premises or any other portion of the Property any statutory lien for labor or materials (including, without limitation, any mechanics’ or materialmen’s lien), other encumbrance, or claim for damages arising from activities performed on the Premises pursuant to the Access License. Verizon shall pay or cause to be paid on a timely basis all bills or claims that could give rise to any such lien, encumbrance, or claim. If any statutory or other lien or encumbrance is filed or asserted against the Premises or other portion of the Property, Verizon shall cause the same to be fully discharged, by payment, bonding or otherwise, within 30 days of such filing or assertion, and upon any failure of Verizon to do so, the District and T-Mobile shall have the right to do so, by payment, bonding (including without limitation obtaining and recording a lien release bond pursuant to California Civil Code Section 8424) or otherwise, and Verizon shall pay on demand to the District and/or T-Mobile, as applicable, all amounts they expended in connection with obtaining such release or discharge. The failure by the District or T-Mobile to post or record any notices of non-responsibility shall not in any manner diminish or negate Verizon’s obligations pursuant to this Section.
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Related to Liens, Encumbrances and Claims

  • LIENS; ENCUMBRANCES Borrower acknowledges that, to the extent provided in Section 21, the grant, creation or existence of any mortgage, deed of trust, deed to secure debt, security interest or other lien or encumbrance (a "Lien") on the Mortgaged Property (other than the lien of this Instrument) or on certain ownership interests in Borrower, whether voluntary, involuntary or by operation of law, and whether or not such Lien has priority over the lien of this Instrument, is a "Transfer" which constitutes an Event of Default and subjects Borrower to personal liability under the Note.

  • Liens and Encumbrances The Company shall not directly or indirectly make, create, incur, assume or permit to exist any assignment, transfer, pledge, mortgage, security interest or other lien or encumbrance of any nature in, to or against any part of the Pledged Property or of the Company's capital stock, or offer or agree to do so, or own or acquire or agree to acquire any asset or property of any character subject to any of the foregoing encumbrances (including any conditional sale contract or other title retention agreement), or assign, pledge or in any way transfer or encumber its right to receive any income or other distribution or proceeds from any part of the Pledged Property or the Company's capital stock; or enter into any sale-leaseback financing respecting any part of the Pledged Property as lessee, or cause or assist the inception or continuation of any of the foregoing.

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

  • Liens Create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than the following:

  • Title to Properties; Liens and Encumbrances The Company has good and marketable title to all of its material properties and assets, both real and personal, and has good title to all its leasehold interests, in each case subject only to mortgages, pledges, liens, security interests, conditional sale agreements, encumbrances or charges created in the ordinary course of business.

  • Permitted Liens Create or suffer to exist any Lien upon any of its Property, except the following (collectively, “Permitted Liens”):

  • Permitted Liens; Title Insurance Each Mortgaged Property securing a Mortgage Loan is covered by an American Land Title Association loan title insurance policy or a comparable form of loan title insurance policy approved for use in the applicable jurisdiction (or, if such policy is yet to be issued, by a pro forma policy, a preliminary title policy or a “marked up” commitment, in each case with escrow instructions and binding on the title insurer) (the “Title Policy”) in the original principal amount of such Mortgage Loan (or with respect to a Mortgage Loan secured by multiple properties, an amount equal to at least the allocated loan amount with respect to the Title Policy for each such property) after all advances of principal (including any advances held in escrow or reserves), that insures for the benefit of the owner of the indebtedness secured by the Mortgage, the first priority lien of the Mortgage (which lien secures the related Whole Loan, in the case of a Mortgage Loan that is part of a Whole Loan), which lien is subject only to (a) the lien of current real property taxes, water charges, sewer rents and assessments not yet due and payable; (b) covenants, conditions and restrictions, rights of way, easements and other matters of public record specifically identified in the Title Policy; (c) the exceptions (general and specific) and exclusions set forth in such Title Policy; (d) other matters to which like properties are commonly subject; (e) the rights of tenants (as tenants only) under leases (including subleases) pertaining to the related Mortgaged Property; (f) if the related Mortgage Loan constitutes a Crossed Underlying Loan, the lien of the Mortgage for another Mortgage Loan contained in the same Crossed Mortgage Loan Group, and (g) condominium declarations of record and identified in such Title Policy, provided that none of clauses (a) through (g), individually or in the aggregate, materially and adversely interferes with the value or principal use of the Mortgaged Property, the security intended to be provided by such Mortgage, or the current ability of the related Mortgaged Property to generate net cash flow sufficient to service the related Mortgage Loan or the Mortgagor’s ability to pay its obligations when they become due (collectively, the “Permitted Encumbrances”). For purposes of clause (a) of the immediately preceding sentence, any such taxes, assessments and other charges shall not be considered due and payable until the date on which interest and/or penalties would be payable thereon. Except as contemplated by clause (f) of the second preceding sentence none of the Permitted Encumbrances are mortgage liens that are senior to or coordinate and co-equal with the lien of the related Mortgage. Such Title Policy (or, if it has yet to be issued, the coverage to be provided thereby) is in full force and effect, all premiums thereon have been paid and no claims have been made by the Mortgage Loan Seller thereunder and no claims have been paid thereunder. Neither the Mortgage Loan Seller, nor to the Mortgage Loan Seller’s knowledge, any other holder of the Mortgage Loan, has done, by act or omission, anything that would materially impair the coverage under such Title Policy. Each Title Policy contains no exclusion for, or affirmatively insures (except for any Mortgaged Property located in a jurisdiction where such affirmative insurance is not available in which case such exclusion may exist), (a) that the Mortgaged Property shown on the survey is the same as the property legally described in the Mortgage and (b) to the extent that the Mortgaged Property consists of two or more adjoining parcels, such parcels are contiguous.

  • Title; Encumbrances Is the Property sold subject to any Encumbrances? No Yes, listed below: ■ WARNING TO SELLER: You are required to disclose all Title Encumbrances which will remain after settlement (for example, easements on your title and statutory easements for sewerage and drainage which may not appear on a title search). Failure to disclose these may entitle the Buyer to terminate the contract or to compensation. It is NOT sufficient to state "refer to title", "search will reveal", or similar. Tenancies: TENANTS NAME: ■ If the property is sold with vacant possession from settlement, insert 'Nil'. Otherwise complete details from Residential Tenancy Agreement. TERM AND OPTIONS: STARTING DATE OF TERM: ENDING DATE OF TERM: RENT: BOND: $ $ Managing Agent: AGENCY NAME: PROPERTY MANAGER: ADDRESS: SUBURB: STATE: POSTCODE: PHONE: FAX: MOBILE: EMAIL: POOL SAFETY

  • Encumbrances Create, incur, assume or suffer to exist any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens.

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