Excepted Encumbrances definition

Excepted Encumbrances means as of any particular time any of the following:

Excepted Encumbrances means any of the following:

Excepted Encumbrances. (as defined in the Mortgage), (ii) any Lien thereon existing at the time of such acquisition, (iii) any Lien for unpaid portions of the purchase price thereof placed thereon at the time of such acquisition, (iv) with respect to real property, any Lien placed thereon following the acquisition thereof by the Company and prior to the recording and filing of a supplemental indenture or other instrument specifically describing such real property, (v) except for possible claims in bankruptcy and possible claims for taxes and (vi) such other matters as would not materially affect the security for the Bonds. Section 5.3.

Examples of Excepted Encumbrances in a sentence

• Each Seller promptly shall take such actions as shall reasonably be requested to secure the release of all Encumbrances, other than the Excepted Encumbrances, relating to the Assets, in each case in substance and form reasonably satisfactory to the applicable buyer and its counsel.

• RF2 owns and has good and marketable title to the Real Property, free and clear of all options, leases, covenants, conditions, easements, agreements, claims, and other Encumbrances of every kind and there exists no restriction on the use or transfer of such property, in each with the exception of the Excepted Encumbrances.

• Said properties constitute substantially all the permanent physical properties and franchises of the Company and are held by the Company free and clear of all liens and encumbrances except the lien of the Mortgage and Excepted Encumbrances, as defined in the Mortgage.

• Said properties constitute substantially all the permanent physical properties and franchises (other than those expressly excepted and reserved therefrom) of the Company and are held by the Company free and clear of all liens and encumbrances except the lien of the Mortgage and Excepted Encumbrances, as defined in the Mortgage.

• The lien of the Mortgage is subject to Excepted Encumbrances, including tax and construction liens, purchase money liens and certain other exceptions.

More Definitions of Excepted Encumbrances

Excepted Encumbrances. (as defined in Article 6 of the Mortgage), (ii) any Lien thereon existing at the time of such acquisition, (iii) any Lien for unpaid portions of the purchase price thereof placed thereon at the time of such acquisition, (iv) with respect to real property, any Lien placed thereon following the acquisition thereof by the Company and prior to the recording and filing of a supplemental indenture or other instrument specifically describing such real property, (v) as otherwise provided in Article XV of the Mortgage, (vi) except for possible claims in bankruptcy and possible claims for taxes and (vii) such other matters as would not materially affect the security for the Bonds. Section 5.3.

Excepted Encumbrances is defined in Section 1.06 hereof.

Excepted Encumbrances. (as defined in the Mortgage), (ii) any Lien thereon existing at the time of such acquisition, (iii) any Lien for unpaid portions of the purchase price thereof placed thereon at the time of such acquisition, (iv) with respect to real property, any Lien placed thereon following the acquisition thereof by the Company 5

Excepted Encumbrances is defined in the Indenture.

Excepted Encumbrances as defined in the Indenture, (2) rights created and security interests perfected other than by filing pursuant to the Uniform Commercial Code, (3) present or future purchase money security interests, (4) security interests in collateral which qualifies for priority over a conflicting security interest as provided in Sections 9-322, 9-328, 9-329, 9-330 and 9-331 of the Uniform Commercial Code, (5) security interests perfected under a certificate of title statute with respect to property that becomes an accession under Section 9-335 of the Uniform Commercial Code, and (6) perfected security interests to which property hereafter acquired by the Company is subject at the time of such acquisition; such counsel need express no opinion as to any actions that may be required to be taken periodically under the Uniform Commercial Code or other applicable law in order for the validity or perfection of any security interest to be maintained;

Excepted Encumbrances means those encumbrances set forth on Exhibit B attached hereto and made a part hereof.

Excepted Encumbrances. Section 1.06 The term “Excepted Encumbrances” shall mean as of any particular time any of the following: