Federal Lien definition

Federal Lien has the meaning set forth in Section 8.7(a).
Sample 1Sample 2Sample 3
Federal Lien means the lien perfected by EPA on the Property at 000-000 Xxxxxxx Xxxxxx, Xxxxxxx of Maywood and Township of Xxxxxxxx Park, Bergen County, New Jersey, designated as Block 124, Lot 30 in Borough of Maywood and Block 17.02, Lot 1 in Township of Xxxxxxxx Park on the tax map of Bergen County, New Jersey, on or about December 14, 2020.
Sample 1
Federal Lien has the meaning set forth in SECTION 8.7(A).
Sample 1

Examples of Federal Lien in a sentence

  • Questions as to whether a recorded Abstract of Judgment Lien, Federal Lien or State Tax Lien applies to a prior owner or has been satisfied or released.

  • Maryland Revised Uniform Federal Lien Registration Act (Refs & Annos) § 3-403.

  • However, the terminology of the fee schedule is changed to reflect the terminology of the Florida Federal Lien Registration Act.

  • The first notice is a Notice of Federal Lien for the south portion of the site.

  • The duct static pressure test is to be performed after the system has demonstrated compliance with paragraph (a)(4) of this section.* * * * *(4) Airtightness of Supply Duct Systems.

  • For example, the same 1967 Legislative Assembly that enacted former ORS 305.655 (1967) also enacted the Uniform Federal Lien Registration Act.

  • The first notice is a Notice of Federal Lien and was filed on August 14, 2001, for the south portion of the site.

  • In the event the Internal Revenue Service shall not have discharged the Federal Lien on the Shares arising under Section 6324(a) of the Internal Revenue Code by the third anniversary of this Agreement, either the Company or the Seller may elect to terminate this Agreement by providing written notice of termination to the other party.

  • Federal Lien Enforcement Statute: 28 U.S.C. § 1655 The federal lien enforcement statute, 28 U.S.C. § 1655, concerns actions that “enforce any lien upon or claim to, or .

  • Seller shall use its commercially reasonable efforts to obtain from the Internal Revenue Service a discharge of the Federal Lien arising under Section 6324(a) of the Internal Revenue Code as promptly as possible.


More Definitions of Federal Lien

Federal Lien has the meaning set forth in Section 6.1(l).
Sample 1
Federal Lien. A lien in favor of the United States authorized by CERCLA § 107(l) that may be imposed on a PRP's property subject to a response action. The lien arises when the PRP receives written notice of its potential liability for response costs under CERCLA, or the Agency actually incurs response costs at a particular site. The lien continues until the PRP's liability is fully satisfied or the claim becomes unenforceable by operation of the statute of limitations.
Sample 1
Federal Lien means the lien perfected by EPA on the property of DSC at 333 Hamilton Boulevard, South Plainfield, New Jersey, identified as District 22, Block 256, Lot 1 on the tax map of Middlesex County, on or about January 25, 2005.
Sample 1

Related to Federal Lien

  • Agricultural lien means an interest, other than a security interest, in farm products:

  • Initial Lien as defined in Subsection 8.6.

  • Permitted Collateral Liens means any “Permitted Liens” other than Liens specified in clauses (2), (3), (4), (5), (14) or (18) of the definition of “Permitted Liens.”

  • Contested Collateral Lien Conditions means, with respect to any Permitted Lien of the type described in clauses (a), (b), (e) and (f) of Section 6.02, the following conditions:

  • Statutory Lien means a Lien in respect of any property or assets of a Company created by or arising pursuant to any Applicable Law in favour of any Governmental Authority to secure any obligation, including a Lien for the purpose of securing such Company's obligation to deduct and remit employee source deductions, goods and services tax and harmonized sales tax pursuant to the Income Tax Act (Canada), the Excise Tax Act (Canada), the Canada Pension Plan (Canada), the Employment Insurance Act (Canada) and any legislation in any jurisdiction similar to or enacted in replacement of the foregoing from time to time.

  • Environmental Lien means any Lien in favor of any Governmental Authority for Environmental Liabilities and Costs.

  • Federal agency means any department, agency, or other instrumentality of the Federal Government, any independent agency or establishment of the Federal Government including any Government corporation, and the Government Printing Office.

  • Federal Flood Insurance means federally backed Flood Insurance available under the National Flood Insurance Program to owners of real property improvements located in Special Flood Hazard Areas in a community participating in the National Flood Insurance Program.

  • Federal loan means a loan made by an agency. The term does not include loan guarantee or loan insurance.

  • Blanket encumbrance means a trust deed or mortgage or any other lien or encumbrance,

  • Environmental Liens shall have the meaning set forth in Section 5.1.19 hereof.

  • Valid lien means a lien that is effective against the holder of a judicial lien subsequently obtained by legal or equitable process or proceedings.

  • Permitted Lien means the individual and collective reference to the following: (a) Liens for taxes, assessments and other governmental charges or levies not yet due or Liens for taxes, assessments and other governmental charges or levies being contested in good faith and by appropriate proceedings for which adequate reserves (in the good faith judgment of the management of the Company) have been established in accordance with GAAP, (b) Liens imposed by law which were incurred in the ordinary course of the Company’s business, such as carriers’, warehousemen’s and mechanics’ Liens, statutory landlords’ Liens, and other similar Liens arising in the ordinary course of the Company’s business, and which (x) do not individually or in the aggregate materially detract from the value of such property or assets or materially impair the use thereof in the operation of the business of the Company and its consolidated Subsidiaries or (y) are being contested in good faith by appropriate proceedings, which proceedings have the effect of preventing for the foreseeable future the forfeiture or sale of the property or asset subject to such Lien and (c) Liens incurred in connection with Permitted Indebtedness.

  • Customary Permitted Liens means, with respect to any Person, any of the following Liens:

  • Flood Insurance Regulations means (a) the National Flood Insurance Act of 1968 as now or hereafter in effect or any successor statute thereto, (b) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statute thereto, (c) the National Flood Insurance Reform Act of 1994 (amending 42 USC § 4001, et seq.), as the same may be amended or recodified from time to time, and (d) the Flood Insurance Reform Act of 2004 and any regulations promulgated thereunder.

  • Lien means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge, or preference, priority or other security interest or preferential arrangement in the nature of a security interest of any kind or nature whatsoever (including any conditional sale or other title retention agreement, any easement, right of way or other encumbrance on title to real property, and any financing lease having substantially the same economic effect as any of the foregoing).

  • Foreign market vehicle means any motor vehicle originally manufactured outside the United States,

  • Permitted Prior Working Capital Lien means, with respect to any borrower under a Bank Loan, a security interest to secure a senior facility for such borrower and/or any of its parents and/or subsidiaries; provided that (i) such Bank Loan has a second priority lien on the collateral that is subject to the first priority lien of such senior facility (or a pari passu lien on such collateral), (ii) such senior facility is not secured by any other assets (other than a pari passu lien or a second priority lien, subject to the pari passu or first priority lien of the Bank Loan) and does not benefit from any standstill rights or other agreements (other than customary rights) with respect to any other assets and (iii) the maximum outstanding principal amount of such senior facility is not greater than 15% of the aggregate enterprise value of such borrower (as determined at the time of closing of the transaction, and thereafter an enterprise value for such borrower determined in a manner consistent with the valuation methodology applied in the valuation for such borrower as determined by the Advisor (so long as it has the necessary delegated authority) or the Borrower’s board of directors (or the appropriate committee thereof with the necessary delegated authority) in a commercially reasonable manner, including the use of an Approved Third-Party Appraiser in the case of Unquoted Investments).

  • Flood Insurance Laws means, collectively, (i) the National Flood Insurance Act of 1968 as now or hereafter in effect or any successor statute thereto, (ii) the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statue thereto, (iii) the National Flood Insurance Reform Act of 1994 as now or hereafter in effect or any successor statute thereto and (iv) the Flood Insurance Reform Act of 2004 as now or hereafter in effect or any successor statute thereto.

  • Federal Bankruptcy Code means the Bankruptcy Act of Title 11 of the United States Code, as amended from time to time.

  • Municipal Property means all property, including lands and buildings, owned, controlled or managed by the Municipality within the Municipal Service Area;

  • Common Collateral means all assets that are both First Priority Collateral and Second Priority Collateral.

  • Indian Governmental Instrumentality means Government of India, Government of any State in India or any ministry, department, board, authority, agency, corporation, commission under the direct or indirect control of Government of India or any State Government or both, any political sub-division of any of them including any court or Commission or tribunal or judicial or quasi- judicial body in India but excluding the CTU, TSP and the Designated ISTS Customers;

  • Federal safety requirements means applicable provisions of 49 U.S.C. § 30101 et seq. and all

  • Federal banking agency means the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, the Director of the Office of Thrift Supervision, the National Credit Union Administration and the Federal Deposit Insurance Corporation;

  • Flood Insurance means the insurance coverage provided under the National Flood Insurance Program.