Examples of Bank Liens in a sentence
Other than the Permitted Liens, Borrower will not create, incur, assume or permit to exist, arise or attach any Lien in any present or future asset, except for Liens to Bank, Liens existing on the date of this Agreement which have been disclosed to and approved by Bank and Liens imposed by law which secure amounts not at the time due and payable.
Create or permit to exist any Lien on any of its Property except: existing Liens known to and approved by the Bank; Liens to the Bank; Liens incurred in the ordinary course of business securing current non-delinquent liabilities for taxes, worker’s compensation, unemployment insurance, social security and pension liabilities.
The Chapter 11 Non-Professional and Professional Administrative Expense Creditors holding Allowed Claims would share between $73,445.69 (assuming that the Debtor bills $54,000 immediately before the conversion and the Bank Liens do not encumber the resulting accounts) and $18,102.51, but still suffer a loss.
The Company or one of its Subsidiaries (as the case may be) has a valid leasehold interest in each Personal Property Lease held by it as of the date of this Agreement, in each case free and clear of all Liens except for the Silicon Valley Bank Liens.
Create or permit to exist any Lien on any of its Property except: existing Liens known to and approved by the Bank; Liens to the Bank; Liens incurred in the ordinary course of business securing current non- delinquent liabilities for taxes, worker’s compensation, unemployment insurance, social security and pension liabilities.