Common use of Permitted Lien Clause in Contracts

Permitted Lien. Any statutory lien which secures a payment not yet due that arises, and is customarily discharged, in the ordinary course of Seller's business; any easement, right-of-way or similar imperfection in the Seller's title to its assets or properties that, individually and in the aggregate, are not material in character or amount and do not and are not reasonably expected to materially impair the value or materially interfere with the use of any asset or property of the Seller material to the operation of its business as it has been and is now conducted.

Appears in 5 contracts

Samples: Asset Purchase Agreement (Salem Communications Corp /De/), Asset Purchase Agreement (Ez Communications Inc /Va/), Asset Purchase Agreement (Salem Communications Corp /De/)

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Permitted Lien. Any statutory lien which secures a payment not --------------- yet due that arises, and is customarily discharged, in the ordinary course of Seller's business; any easement, right-of-way or similar imperfection in the Seller's Sellers' title to its their assets or properties that, individually and in the aggregate, are not material in character or amount and do not and are not reasonably expected to materially impair the value or materially interfere with the use of any asset or property of the Seller Sellers material to the operation of its their business as it has been and is now conducted.

Appears in 1 contract

Samples: Asset Purchase Agreement (Salem Communications Corp /De/)

Permitted Lien. Any statutory lien which secures a payment not --------------- yet due that arises, and is customarily discharged, in the ordinary course of Seller's business; any easement, right-of-way way, encroachment or similar imperfection in the Seller's title to its assets or properties that, individually and in the aggregate, are not material in character or amount and do not and are not reasonably expected to materially impair the value or materially interfere with the use of any asset or property of the Seller material to the operation of its business as it has been and is now conducted.

Appears in 1 contract

Samples: Asset Purchase Agreement (Salem Communications Corp /De/)

Permitted Lien. Any statutory lien which secures a payment not yet due --------------- that arises, and is customarily discharged, in the ordinary course of Seller's business; any easement, right-of-way or similar imperfection in the Seller's title to its assets or properties that, individually and in the aggregate, are not material in character or amount and do not and are not reasonably expected to materially impair the value or materially interfere with the use of any asset or property of the Seller material to the operation of its business as it has been and is now conductedbusiness.

Appears in 1 contract

Samples: Asset Purchase Agreement (Salem Communications Corp /De/)

Permitted Lien. Any statutory lien which secures a payment not yet ---------------- due that arises, and is customarily discharged, in the ordinary course of Seller's business; any easement, right-of-way or similar imperfection in the Seller's title to its assets or properties that, individually and in the aggregate, are not material in character or amount and do not and are not reasonably expected to materially impair the value or materially interfere with the use of any asset or property of the Seller material to the operation of its business as it has been and is now conducted.

Appears in 1 contract

Samples: Asset Purchase Agreement (Salem Communications Corp /De/)

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Permitted Lien. Any statutory lien which secures a payment not yet due that --------------- arises, and is customarily discharged, in the ordinary course of Seller's business; any easement, right-of-way or similar imperfection in the Seller's title to its assets or properties that, individually and in the aggregate, are not material in character or amount and do not and are not reasonably expected to materially impair the value or materially interfere with the use of any asset or property of the Seller material to the operation of its business as it has been and is now conducted.

Appears in 1 contract

Samples: Asset Purchase Agreement (Salem Communications Corp /De/)

Permitted Lien. Any statutory lien which secures a payment not yet due that arises, and is customarily discharged, in the ordinary course of Seller's business; any easement, right-of-way or similar imperfection in the Seller's title to its assets or properties that, individually and in the aggregate, are not material in character or amount and do not and are not reasonably expected to materially impair would not, individually or in the value or materially interfere with the use of any asset or property of the Seller material to the operation of its business as it has been and is now conductedaggregate, result in a Material Adverse Condition.

Appears in 1 contract

Samples: Asset Purchase Agreement (Salem Communications Corp /De/)

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