OUTSTANDING LIENS Sample Clauses

OUTSTANDING LIENS. Neither Borrower nor any Material Subsidiary of Borrower has any outstanding Liens other than Permitted Liens and Liens granted to ICG pursuant to the ICG Loan Agreement.
Sample 1
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OUTSTANDING LIENS. Schedule 2.07(a) lists all of the Liens encumbering the Acquired Assets as of the Closing Date. Sellers have repaid in full all of the obligations underlying such Liens (collectively, the "Satisfied Liens"). After the Closing, the Sellers shall cooperate with the Purchaser and shall deliver to the Purchaser within 30 days following the Closing written evidence reasonably satisfactory to the Purchaser that such Satisfied Liens have been released, terminated or cancelled.
Sample 1
OUTSTANDING LIENS. Mortgagor lawfully owns and is lawfully possessed of the Vessel free and clear of all Liens, except the Permitted Liens under the Indenture; and Mortgagor will and does hereby warrant and defend the title and possession thereto and to every part thereof for the benefit of Mortgagee against the claims and demands of all persons whomsoever subject to the Permitted Liens and other matters permitted under the Indenture.
Sample 1
OUTSTANDING LIENS. Neither the Borrower, the General Partner (for and on behalf of the Borrower) nor any Material Subsidiary has granted any Liens (other than Permitted Liens) to any party other than the Agent that rank equal with or in priority to the Security.
Sample 1
OUTSTANDING LIENS. The Mortgagor lawfully owns and is lawfully possessed of the Vessels free and clear of all liens, mortgages, taxes and encumbrances, and the Mortgagor will and does hereby warrant and defend the title and possession thereto and to every part thereof for the benefit of Mortgagee against the claims and demands of all persons whomsoever.
Sample 1
OUTSTANDING LIENS. The Mortgagor lawfully owns and is ----------------- lawfully possessed of the vessel free and clear of all liens, mortgages, taxes and encumbrances, and the Mortgagor will and does hereby warrant and defend the title and possession thereto and to every part thereof for the benefit of Mortgagee against the claims and demands of all persons whomsoever.
Sample 1
OUTSTANDING LIENS. As of the Closing Date, no property or asset of Borrower or any Subsidiary of Borrower is subject to any Liens other than Permitted Liens.
Sample 1
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OUTSTANDING LIENS. Neither Borrower nor any Material Subsidiary of Borrower has any outstanding Liens other than Liens granted to Fleet National Bank pursuant to the Loan Agreement, dated as of September 29, 2000, between Borrower and Fleet National Bank (the "Fleet Agreement"). Neither Borrower nor any Material Subsidiary currently owes any amounts under the Fleet Agreement.
Sample 1
OUTSTANDING LIENS. Neither Borrower nor any Material Subsidiary of Borrower has any outstanding Liens other than Permitted Liens and Liens granted to (i) Fleet National Bank pursuant to the Loan Agreement, dated as of September 29, 2000, between Borrower and Fleet National Bank (the "Fleet Agreement"); (ii) SCP pursuant to the SCP Loan Agreement; and (iii) Lender pursuant to this Agreement.
Sample 1

Related to OUTSTANDING LIENS

  • Existing Liens Set forth on Schedule 4.01(p) hereto is a complete and accurate list as of the date hereof of all Liens on the property or assets of any Loan Party or any of its Subsidiaries, showing the lienholder thereof, the principal amount of the obligations secured thereby and the property or assets of such Loan Party or such Subsidiary subject thereto.

  • Outstanding Debt Neither the Company nor any Subsidiary has any Debt outstanding except as permitted by paragraph 6B(2). There exists no payment default or other default in any material respect under the provisions of any instrument evidencing such Debt or of any agreement relating thereto.

  • Outstanding Indebtedness Neither the Company nor any of its Subsidiaries has outstanding any Indebtedness except as permitted by paragraph 6B. There exists no default under the provisions of any instrument evidencing such Indebtedness or of any agreement relating thereto.

  • Outstanding Loans There are no outstanding loans, advances (except normal advances for business expenses in the ordinary course of business) or guarantees or indebtedness by the Company or any Subsidiary to or for the benefit of any of the officers or directors of the Company, any Subsidiary or any of their respective family members, except as disclosed in the Registration Statement, the General Disclosure Package and the Final Prospectus. All transactions by the Company with office holders or control persons of the Company have been duly approved by the board of directors of the Company, or duly appointed committees or officers thereof.

  • Outstanding Obligations Borrower shall have no obligations as of the date of this Agreement except those approved by HUD in writing and, except for those approved obligations, the Land has been paid for in full (or if the Land is subject to a leasehold interest, it must be subject to a HUD-approved lease), and is free from any liens or purchase money obligations, except as approved by HUD. As of the date hereof, all contractual obligations relating to the Project have been fully disclosed to HUD.

  • Outstanding Stock All issued and outstanding shares of capital stock and equity interests in the Company have been duly authorized and validly issued and are fully paid and non-assessable.

  • Outstanding Indebtedness; Waiver of Claims The Credit Parties hereby acknowledge and agree that as of January 30, 2006, the aggregate outstanding principal amount of the (i) Revolving Loan is $47,448,063.26, (ii) Term Loan A is $20,000,000 and (iii) Term Loan B is $80,000,000 (collectively, the "Outstanding Obligations"), and that such principal amounts are payable pursuant to the Credit Agreement without defense, offset, withholding, counterclaim or deduction of any kind. Each of the Credit Parties hereby waives, releases, remises and forever discharges Agents, the Lenders and each other Indemnified Person from any and all claims, suits, actions, investigations, proceedings or demands arising out of or in connection with the Credit Agreement (collectively, "Claims"), whether based in contract, tort, implied or express warranty, strict liability, criminal or civil statute or common law of any kind or character, known or unknown, which such Credit Parties ever had, now has or might hereafter have against Agents or the Lenders which relates, directly or indirectly, to any acts or omissions of Agents, the Lenders or any other Indemnified Person on or prior to the date hereof; provided that, Credit Parties do not waive any Claim solely to the extent such Claim relates to any Agent's or any Lender's gross negligence or willful misconduct.

  • Payment of Outstanding Indebtedness, etc The Administrative Agent shall have received evidence that immediately after the making of the Loans on the Closing Date, all Indebtedness under the Existing Credit Agreement and any other Indebtedness not permitted by Section 7.04, together with all interest, all payment premiums and all other amounts due and payable with respect thereto, shall be paid in full from the proceeds of the initial Credit Event, and the commitments in respect of such Indebtedness shall be permanently terminated, and all Liens securing payment of any such Indebtedness shall be released and the Administrative Agent shall have received all payoff and release letters, Uniform Commercial Code Form UCC-3 termination statements or other instruments or agreements as may be suitable or appropriate in connection with the release of any such Liens.

  • Outstanding Letters of Credit On the effective date of such increase, each Increasing Lender and each New Lender (i) will be deemed to have purchased a participation in each then outstanding Letter of Credit equal to its Ratable Share of such Letter of Credit and the participation of each other Lender in such Letter of Credit shall be adjusted accordingly and (ii) will acquire (and will pay to the Administrative Agent, for the account of each Lender, in immediately available funds, an amount equal to) its Ratable Share of all outstanding Participation Advances.

  • Indebtedness; Liens The Borrower shall not create, incur, assume or suffer to exist any Indebtedness other than the Obligations. The Borrower shall not create, incur or permit to exist any Lien in or on any of the Collateral subject to the Lien granted by the Borrower pursuant to this Agreement, other than Permitted Liens.

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