Equitable Lien definition

Equitable Lien means the equitable lien, in the amount of $7.5 million, over all pre-closing tax refunds paid by the Company to Citadel Plastics Holdings, LLC under the Citadel SPA until resolution of certain litigation, which was established pursuant to the stipulated order entered into by the Delaware Chancery Court.
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Equitable Lien means the right under the general law to be paid costs from the money. It has the same meaning as the ‘fruits of the action lien’ and ‘particular lien’
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Equitable Lien means the right under the general law to be paid
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Examples of Equitable Lien in a sentence

  • An Equitable Lien arose by operation of law, and in accordance with the Eminent Domain Act of 1971 (“Eminent Domain Act”), N.J.S.A. 20:3-1, et seq., by virtue of the taking through eminent domain of certain real property in the Borough of Sayreville, Middlesex County, New Jersey designated on Exhibit A attached hereto (the “Property”).

  • This means that the Equitable Lien with respect to the Property is now canceled and void.

  • The Equitable Lien arose and attached to the Property to secure payment to NL of just compensation owed to NL pursuant to the Eminent Domain Act, the Fifth Amendment of the United States Constitution, and Article I, Paragraph 20 of the New Jersey Constitution as a result of the taking of the Property.

  • The Equitable Lien with respect to the Property has been PAID IN FULL or otherwise SATISFIED and DISCHARGED.

  • Notices of Lis Pendens relating to the Equitable Lien were recorded by the Middlesex County Clerk on August 8, 2002 in Book # 31 at Page 47, on April 26, 2007 in Book #35 at Page 112, and on December 19, 2007 in Book #35 at Page 604.

  • Health Care & FDA Related Covenants 121 6.1. Indebtedness 121 6.2. Liens 124 6.3. Equitable Lien 125 6.4. No Further Negative Pledges 126 6.5. Restricted Junior Payments 126 6.6. Restrictions on Subsidiary Distributions 126 6.7. Investments 127 6.8. Financial Covenants 128 6.9. Fundamental Changes; Disposition of Assets 132 6.10.

  • Borrower shall save and hold the Lender harmless from the claims of any Mechanics Lien or Equitable Lien and pay promptly upon demand any loss or losses which Lender may incur as a result of the filing of any such lien, including the reasonable cost of defending same and the Lender's reasonable attorneys fees in connection therewith.

  • The undersigned each sign and CERTIFY to this Discharge of Equitable Lien on September 25, 2008.

  • The undersigned each sign and CERTIFY to this Discharge of Equitable Lien on __________________, 2009.

  • The undersigned each sign and CERTIFY to this Discharge of Equitable Lien on June 8 , 2009.

Related to Equitable Lien

  • Second Priority Debt Parties means the Initial Second Priority Debt Parties and, with respect to any series, issue or class of Second Priority Debt, the holders of such Indebtedness, the Representative with respect thereto, any trustee or agent therefor under any related Second Priority Debt Documents and the beneficiaries of each indemnification obligation undertaken by the Borrower or any other Grantor under any related Second Priority Debt Documents.

  • Pari Passu Lien Priority means, relative to specified Indebtedness, having equal Lien priority on specified Collateral and subject to the First Lien Intercreditor Agreement.

  • Second Priority Lien means the Liens on the Second Priority Collateral in favor of Second Priority Debt Parties under Second Priority Collateral Documents.

  • Priority Lien Cap means $10.0 million.

  • Priority Lien means a Lien granted by a Security Document to the Collateral Trustee, at any time, upon any property of the Company or any other Pledgor to secure Priority Lien Obligations.