Bank Lien definition
Bank Lien means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge, or preference, priority or other security interest or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other title retention agreement any easement, right of way or other encumbrance on title to real property, and any financing lease having substantially the same economic effect as any of the foregoing).
Bank Lien means a security interest, lien, charge or encumbrance granted by FRANCHISEE to a financial institution to secure indebtedness for borrowed money.
Examples of Bank Lien in a sentence
If a Default occurs under this Note or any Loan Documents, Bank may at any time thereafter, take the following actions: Bank Lien.
Upon the occurrence of a default in the payment of the Obligations or a Default (as defined in the other Loan Documents) under any other Loan Document, Bank may at any time thereafter, take the following actions: Bank Lien.
Upon the occurrence of an Event of Default, Bank may at any time thereafter, take the following actions: Bank Lien and Set-off.
The Borrowers have delivered to the Lender true and correct copies of all documents related to the Prepetition Bank Lien and the Prepetition XXXX Xxxx.
To be clear, the payment of this purchase amount will be used by the seller ETX Park Fund #1 LP, in whole or in part, to remove the Austin Bank lien currently on the optioned property as a result of an existing mortgage.The Austin Bank Lien amount has no relationship to the purchase price for the land by the Company.
More Definitions of Bank Lien
Bank Lien means any lien on any asset of FI or any of its subsidiaries granted from time to time during the term of this Agreement to the Trustee pursuant to the Restated Trust Agreement and the Fiduciary Assignment of Accounts Receivable, to the JAA Security Agent pursuant to the JAA Fiduciary Power and the JAA Fiduciary Transfer or to the Security Agent pursuant to the Bank Security Documents or any other agreement or instrument, in each case for the benefit of the Banks, as security for the payment of the FI Indebtedness owing to the Banks.
Bank Lien means the first priority security interest on the Specified Assets in favor of Bank One; provided, however, that the Purchaser shall have received a release agreement from Bank One agreeing that the Bank Lien will automatically be released and terminated without the need for further action on the Closing Date.
Bank Lien means the lien and security interest in certain assets of Seller granted to Bank, which lien, with respect to the Assets, will be released on the Applicable Closing Date.
Bank Lien means any security interest, mortgage, deed of trust, pledge, hypothecation, collateral assignment, charge, deposit arrangement to secure an obligation, encumbrance, lien (statutory or other) or preferential arrangement of any kind or nature whatsoever in respect of any Property (including those created by, arising under or evidenced by any conditional sale or other title retention agreement and the interest of a lessor under a Capital Lease), or any financing lease having substantially the same economic effect as or other agreement to provide any of the foregoing, but not including (a) the interest of a lessor under a lease on Oil and Gas Properties or (b) the interest of a lessor under an operating lease (determined in accordance with GAAP).
Bank Lien means any security interest, mortgage, deed of trust, pledge, hypothecation, assignment, deposit arrangement, equity interest, encumbrance, lien (statutory or other), preference, participation interest, priority or other security agreement or preferential arrangement of any kind or nature whatsoever, including any conditional sale or other title retention agreement, any financing lease having substantially the same economic effect as any of the foregoing and the filing of any financing statement under the UCC or comparable law of any jurisdiction to evidence any of the foregoing; provided, however, that any lien or liens on receivables maintained pursuant to the Indenture, the CompuCredit Purchase Agreement, the CFC Purchase Agreement or the Transfer and Servicing Agreement shall not constitute a Bank Lien on the Residual Interests.
Bank Lien means, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance, charge or security interest in, on or of such asset, (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such asset and (c) in the case of securities, any purchase option, call or similar right of a third party with respect to such securities (other than arising from entry into an agreement for the sale, transfer or disposition of Equity Interests as permitted pursuant to Section 6.05(d) of the Credit Agreement).
Bank Lien means that lien and security interest in favor of Bankers Trust Company, as collateral agent for the Parent's senior lenders.