Excluded Interest means any of the interests set out in section 8 of the Personal Property Securities Act or any interest that is not a Security Interest but encumbers the Goods;
Excluded Interest means any mortgage, charge or other encumbrance over real property or personal property (tangible or intangible) that is not a Security Interest, including non-consensual liens and mortgages over real property;
Excluded Interest means any of the interests set out in section 8 of the PPSA or any interest that is not a Security Interest but encumbers the Goods;
Examples of Excluded Interest in a sentence
The Customer must not allow an Excluded Interest to exist over the Goods.
The Buyer must now allow an Excluded Interest to exist over the Goods.
All rights of Grantee under this Easement are subject and subordinate to the Excluded Interest, whether such Excluded Interest constitutes an easement right, fee title or other sole right to occupy the surface of such portion of said Parcel 1.
Parcel 1 of the Property described on Exhibit A excludes all rights conveyed pursuant to an instrument recorded in book "a", page 212 of covenants of the County of Butte (the "Excluded Interest").
Nothing in this Easement shall require Grantor to take any action with respect to the Excluded Interest.
More Definitions of Excluded Interest
Excluded Interest shall have the meaning set forth in Section 1.3(a).
Excluded Interest means (i) an amount equal to the amount of ----------------- interest (or a specified portion of the amount of interest) accruing, or to accrue, on Permitted Borrower Subordinated Indebtedness during the six month period after the issuance or incurrence thereof and which the Borrower agrees in writing with the holders of such Permitted Borrower Subordinated Indebtedness (so long as the Borrower notifies the Administrative Agent of such agreement), or agrees with the Administrative Agent for the benefit of the Banks, to escrow with a third party and to use such escrowed amounts to pay accrued interest on the Permitted Borrower Subordinated Indebtedness or (ii) any amount of such interest paid out of any such escrowed amount.
Excluded Interest means (a) interest on a death benefit arising under a Reinsured Policy to the extent such interest arises as a direct result of the failure by Cedent, GLIC, GLICNY or their respective delegees or subcontractors to act in accordance with (i) Applicable Law or, to the extent consistent therewith, (ii) then current standard industry practices with respect to the payment of claims or (iii) Existing Practices or, if applicable, Then Current Practices (each as defined in the Reinsurance Agreement); or (b) interest that accrues under a settlement option elected by the beneficiary of a death benefit.
Excluded Interest means Interest Expense in respect of the Mezzanine Debt (as defined in the Intercreditor Deed) which:
Excluded Interest has the meaning set forth in Section 2(b).
Excluded Interest means a Committed Working Interest in land excluded from a participating area by contraction of the participating area.
Excluded Interest means at any date any rights or interest of the Company or any Guarantor under any agreement, contract, license, instrument, document or other general intangible, in each case other than a leasehold interest in real property (any such agreement, contract, license, instrument, document or other general intangible referred to solely for purposes of this definition as an “Interest”) to the extent that such Interest by its terms, or any requirement of law, prohibits, or requires any consent (which has not been obtained) or establishes any other condition for or would terminate or be violated because of, an assignment thereof or a grant of a security interest therein by the Company or a Guarantor (unless such consent is obtained or condition is satisfied), it being understood that the Company shall have no obligation to seek to obtain any such consent or satisfy any such condition.