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Encumber definition

Encumber. “Encumbering,” or “Encumbrance” means the creation of a security interest, lien, pledge, mortgage or other encumbrance, whether such encumbrance be voluntary, involuntary or by operation of Applicable Law.
Encumber shall have a correlative meaning.
Encumber means the act of creating or purporting to create an Encumbrance, whether or not perfected under applicable law.

Examples of Encumber in a sentence

  • A Member may not Dispose of or Encumber all or any portion of its Membership Interest except in strict accordance with this Section 3.03.

  • A Member may Encumber its Membership Interest if the instrument creating such Encumbrance provides that any foreclosure of such Encumbrance (or Disposition in lieu of such foreclosure) must comply with the requirements of Section 3.03(b).

  • Seller and Purchaser shall cooperate with each other and use their reasonable best efforts to obtain such consents to the extent required of such other persons at the earliest practicable time.

  • A Member shall not be entitled to Dispose of, Encumber or in any way transfer to any Person his Membership or any rights or obligations comprising or associated with his Membership.

  • Any attempt by a Holder to transfer or Encumber any of its Common Stock in violation of the terms of this Agreement shall be void and ineffective.


More Definitions of Encumber

Encumber means to mortgage, charge, pledge, hypothecate, create or grant a security interest in or otherwise encumber:
Encumber means or refer to any lien, claim, charge, pledge, mortgage, encumbrance, security interest, preferential arrangement, restriction on voting or alienation of any kind, adverse interest, or the interest of a third party under any conditional sale agreement, capital lease or other title retention agreement.
Encumber means to suffer, accept, agree to or permit the imposition of a Lien.
Encumber and other derivatives shall be construed accordingly.
Encumber means the creation of any Encumbrance.
Encumber has the meaning set forth in the definition of “Encumbrance.”
Encumber means the placing of a charge, mortgage, lien or other burden on all or part of the Consent Area to include lodging this Consent with anyone as collateral for loans and Encumbrance shall be construed accordingly.