Encumbrance Releases definition

Encumbrance Releases means the releases delivered at Closing.
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Encumbrance Releases shall have the meaning set forth in Section 5.14.
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Encumbrance Releases means in connection with the Pay-Off Letters, customary releases of all Encumbrances securing the indebtedness and other obligations under each Existing Facility and, if applicable, any Factoring Facility and authorizations to file Encumbrance releases and filings, mortgage releases and other applicable releases or terminations in all applicable jurisdictions to evidence the release of all Encumbrances (save in respect of Permitted Encumbrances) securing indebtedness of the Target Group, including under the Existing Facilities, in each case, in form and substance reasonably satisfactory to the Purchaser, provided that if the Purchaser exercises its rights in accordance with subclause 5.11 with respect to the Senior Secured Notes: (i) all of the Common Existing Facility Encumbrances will remain in place on and after the Completion Date with respect to the Senior Secured Notes; (ii) the relevant Debt Providers in respect of the Existing Facilities (other than the Senior Secured Notes) shall confirm that such Common Existing Facility Encumbrances no longer secure the relevant Existing Facilities; and (iii) the Company shall not be required to deliver any release documentation with respect to the Common Existing Facility Encumbrances at Completion);
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Examples of Encumbrance Releases in a sentence

  • All of the Encumbrance Releases or the Clean Policies referred to in Section 5.14 of this Agreement shall have been obtained.

  • All of the Encumbrance Releases or the -------------------- Clean Policies referred to in Section 5.14 of this Agreement shall have been obtained.

Related to Encumbrance Releases

  • Encumbrances means any mortgages, pledges, liens, security interests, conditional and installment sale agreements, activity and use limitations, conservation easements, deed restrictions, encumbrances and charges of any kind.

  • Permitted Encumbrances means:

  • Permitted Encumbrance means, with respect to any Mortgaged Property, such exceptions to title as are set forth in the Mortgage Policy delivered with respect thereto, all of which exceptions must be acceptable to the Administrative Agent in its reasonable discretion.

  • Liens means a lien, charge, pledge, security interest, encumbrance, right of first refusal, preemptive right or other restriction.

  • Encumbrance means any charge, claim, community property interest, pledge, condition, equitable interest, lien (statutory or other), option, security interest, mortgage, easement, encroachment, right of way, right of first refusal, or restriction of any kind, including any restriction on use, voting, transfer, receipt of income or exercise of any other attribute of ownership.

  • Permitted Liens means, with respect to any Person:

  • Lien means, with respect to any asset, any mortgage, lien, pledge, charge, security interest or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law, including any conditional sale or other title retention agreement, any lease in the nature thereof, any option or other agreement to sell or give a security interest in and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction.

  • Permitted Exceptions shall have the meaning set forth in Section 4.3.

  • Release means any release, spill, emission, discharge, deposit, disposal, leaking, pumping, pouring, dumping, emptying, injection or leaching into the Environment, or into, from or through any building, structure or facility.