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
Subject to clause 33.7, the Seller may not Encumber its interest in this Agreement or the Facility without the Buyer’s prior written consent (which consent is not to be unreasonably withheld).
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 means create any Encumbrance; "Encumbrance" means any mortgage, deed of trust, assignment of rents, fixture filing, security agreement, or similar security instrument, or other lien or encumbrance.
Encumber has the meaning set forth in the definition of “Encumbrance.”