Prohibited Liens Sample Clauses

Prohibited Liens. If Tenant fails to comply with any obligation regarding Prohibited Liens and does not remedy such failure within 15 days after Notice from Landlord.

Prohibited Liens. The Issuer agrees that it shall not, and shall not permit any of its Subsidiaries to, create, incur, assume or permit to exist any Lien on (1) the Collateral Accounts, the Cash Equivalents on deposit in the Collateral Accounts and the other proceeds at any time on deposit therein, (2) any equity interests owned by the Issuer or any of its Subsidiaries in any Subsidiaries of the Issuer, or (3) any inter-company debt among the Issuer and its Subsidiaries, other than (in each of the foregoing instances) the following (each, a “Permitted Lien”): (a) Liens in favor of the Trustee for its benefit and the benefit of the Holders; (b) Liens for taxes, assessments or governmental charges or levies not yet due and payable or delinquent and Liens for taxes, assessments or governmental charges or levies which are being contested in good faith by appropriate proceedings for which adequate reserves have been established in accordance with GAAP, which proceedings (or orders entered in connection with such proceedings) have the effect of preventing the forfeiture or sale of the property subject to any such Lien; (c) Liens in favor of a financial institution (under common or statutory law) encumbering deposits (including the right of set off) held by such financial institution in the ordinary course of its commercial business and that are within the general parameters customary in the banking industry and do not secure indebtedness for borrowed money; (d) Liens arising out of judgments, attachments or awards not resulting in an Event of Default; (e) with respect to equity interests owned by the Issuer or any of its Subsidiaries, Liens in favor of the holders of Indebtedness permitted under this Indenture, so long as such Liens are limited to the equity of the relevant Subsidiary or its parent that incurred such Indebtedness; and (f) with respect to inter-company Indebtedness, liens in favor of the Issuer. In addition, the Guarantors shall not create, incur, assume or permit to exist any Lien on the membership interests in the Issuer, other than a Permitted Lien.

Prohibited Liens. (a) Grantor shall not permit any governmental or statutory liens (including tax, mechanic's or materialmen's liens) to be filed against the Property except for real estate taxes and assessments not yet delinquent by non-payment and liens permitted by the Loan Documents or approved by Beneficiary in writing. Grantor will pay, from time to time when the same shall become due, all lawful claims and demands of mechanics, materialmen, laborers, and others which, if unpaid, might result in, or permit the creation of, a lien on the Property or any part thereof, and in general will do or cause to be done everything necessary so that the lien and effect hereof shall be fully preserved, at the cost of Grantor and without expense to Trustee or Beneficiary. (b) Grantor will have the right to contest in good faith by an appropriate legal or administrative proceeding the validity of any prohibited lien, encumbrance or charge so long as (i) no default exists under the Loan Documents, (ii) Grantor first deposits with Beneficiary a bond or other security satisfactory to Beneficiary in the amount reasonably required by Beneficiary, but not more than one and one--half (1 1/2) (i.e., 150%) of the amount of the claim; (iii) Grantor immediately commences its contest of such lien, provided, however, that within twenty (20) days after the filing of such lien Grantor discharges said lien of record or records a bond which complies with the requirements of RCW 60.04.161 eliminating such lien as an encumbrance on the Property, and continuously pursues the contest in good faith and with due diligence; (iv) foreclosure of the lien, encumbrance or charge is stayed; and (

Prohibited Liens. Except as otherwise provided in this Agreement, Licensee/Tenant shall not allow, suffer or permit any liens, claims or encumbrances to attach to or against by reason of the installation of any of Licensee/Tenant's Equipment or construction of Leasehold Improvements, Sears premises in which the Concession is located. In the event any lien, claim or encumbrance attaches to Sears premises, Licensee/Tenant shall immediately take all necessary action to cause such lien, claim or encumbrance to be released and discharged, or Sears, at its option, may take such action and charge Licensee/Tenant or withhold from sales receipts all expenses, including attorneys fees, incurred by Sears in removing such liens. CUSTOMER ADJUSTMENT

Prohibited Liens. Until Discharge of the Credit Agreement, no Guarantor will demand, accept or hold any Lien upon any property of Holdings, the Borrower or any Subsidiary of the Borrower as security for any of the Subordinated Liabilities, and any such Lien shall be void.

Prohibited Liens. If the Operator fails to cause any Prohibited Lien to be released within thirty (30) days after Notice from the County of such lien.

Prohibited Liens. DRAYMAN is strictly prohibited from imposing liens or holding freight hostage. Should DRAYMAN attempt such action, BROKER shall have the right to notify their customer base of XXXXXXX’S said action.

Prohibited Liens. A mortgage, ship mortgage or other consensual lien or judgment lien and any maritime, xxxxxx'x, mechanic's, vendor's, laborer's or material supplier's statutory lien or other similar lien arising by reason of work, labor, services, equipment or materials supplied, or claimed to have been supplied, to Tenant or any Subtenant, which lien either: (a) is filed against the Fee Estate or (b) is filed against the Leasehold Estate or a lesser estate and, upon termination of this Lease, would under the law of the State attach to the Fee Estate.

Prohibited Liens. If Lessee fails to comply with any obligation regarding liens and does not remedy such failure within 30 days after notice from City.

Prohibited Liens. Except for Permitted Liens, (i) cause or permit or (ii) agree or consent to cause or permit in the future (upon the happening of a contingency or otherwise), Collateral to be subject to a third party interest or Lien.