Encumbrances definition
Examples of Encumbrances in a sentence
This Agreement aims to regulate: (i) the vote to be cast, as a block and uniformly, by the Associated Shares in relation to all matters submitted to deliberation at the Company's General Meeting by the Shareholders, (ii) provide for the waiver by the Fanny Group of the exercise of any rights inherent to the Associated Shares it holds to elect members to the Company's Board of Directors and Fiscal Council, and (iii) regulate the Transfers and Encumbrances of the Associated Shares.
Parent owns beneficially and of record all of the outstanding shares of Merger Sub, free and clear of all Encumbrances (other than Encumbrances of general applicability as may be provided under the Securities Act or other applicable securities Laws).
The Company or one of its Subsidiaries exclusively own all of the material Owned Company Intellectual Property, free and clear of all Encumbrances (other than Permitted Encumbrances).
Except as otherwise provided herein, no Limited Partner or assignee of a Unit other than a Lead Investor may create an Encumbrance with respect to all or any portion of its Units (or any beneficial interest therein) other than Encumbrances that run in favor of the Limited Partner unless the General Partner consents in writing thereto, which consent may be given or withheld, or made subject to such conditions as are determined by the General Partner, in the General Partner’s sole discretion.
All of the Personal Property is owned free and clear of all Encumbrances except as set out in Section 4.15(c) of the Seller Disclosure Letter, and is in reasonable operating condition having regard to its use and age (ordinary wear and tear excepted), and is sufficient for the continued conduct of the Business after Closing in substantially the same manner as currently conducted.