Bank Liens definition

Bank Liens means Liens in favor of the Lender, securing all or any portion of the Obligations, including, but not limited to, Rights in any Collateral created in favor of the Lender, whether by mortgage, pledge, hypothecation, assignment, transfer or other granting or creation of Liens.

Bank Liens means any Liens granted by any Contributor to the Guaranty Bank.

Bank Liens means such liens and other security interest in favor of Bridge Bank, N.A. pursuant to the Loan and Security Agreement, dated August 4, 2006, by and between Bridge Bank, N.A. and the Company.

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.

• 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.

• All the outstanding shares of capital stock of each such Subsidiary have been validly issued and are fully paid and nonassessable and are owned directly or indirectly by the Company, free and clear of all Liens, except for liens of Silicon Valley Bank (the "Silicon Valley Bank Liens") pursuant to the Loan and Security Agreement dated May 7, 1998 among the Company and Silicon Valley Bank (the "Silicon Valley Bank Loan").

More Definitions of Bank Liens

Bank Liens means Liens in favor of Lender, securing all or any portion of the Obligation, including, but not limited to, Rights in any Collateral created in favor of Lender, whether by mortgage, pledge, hypothecation, assignment, transfer or other granting or creation of Liens.

Bank Liens means the liens created under or pursuant to that certain Fifth Amended and Restated Credit Agreement dated as of September 1, 2004 among Denbury, as borrower, Denbury Resources Inc., as parent guarantor, the financial institutions listed therein, JPMorgan Chase Bank, N.A., successor by merger to Bank One, N.A., as Administrative Agent, Calyon New York Branch, and Fortis Capital Corp., as Syndication Agents, and Union Bank of California, N.A., and Comerica Bank, as Documentation Agents, as amended, supplemented, or modified from time to time.

Bank Liens means Liens in favor of the Lender, securing all or any portion of the Obligations, including, but not limited to, Rights in any Collateral created in favor of the Lender, whether by mortgage, pledge, hypothecation, assignment, transfer or other granting or creation of Liens. "Borrowing Base" means at any date the amount set forth in line M in the Borrowing Base Report, as determined pursuant to and in accordance with Section

Bank Liens means any liens or other encumbrances granted by Seller to lenders affecting the Business or any of the Assets.

Bank Liens means all Liens established pursuant to the terms of the Congress Loan Facility.

Bank Liens means the Liens set forth on Schedule 1.1(a). “Benefit Plan” has the meaning assigned to such term in Section 3.11(a). “Binder Agreement” has the meaning assigned to such term in Section 4.13. “Business Day” means any day that is not a Saturday, a Sunday or other day on which commercial banks in New York, New York are required or authorized by Law to be closed. “Business Employee” means, with respect to any Person, an officer or employee of such Person and any individuals engaged by such Person through a professional employment organization. “Buyer Released Parties” has the meaning assigned to such term in Section 5.10(b). “Buyer Releasing Parties” has the meaning assigned to such term in Section 5.10(b). “Buyer Tax Act” means an action by Parent, the Surviving Corporation or any of the Subsidiaries of the Surviving Corporation (or any of their Affiliates) occurring after the Closing on (or effective as of or prior to) the Closing Date that is not in the Ordinary Course of Business and not expressly permitted by this Agreement. “Bylaws” means the Bylaws of the Company. “California Courts” has the meaning assigned to such term in Section 11.2(b). “Cancelled Shares” has the meaning assigned to such term in Section 2.6(a).

Bank Liens means all liens and encumbrances securing the Bank Debt.