Federal Lien definition

Federal Lien has the meaning set forth in Section 8.7(a).
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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.
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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.
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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.

  • Seller(s) will pay for Torrens tax search(es), except search made at time of registration of Seller(s)' Deed, ½ of Federal Lien Search, registration of documents to clear Seller(s)' title, fees incident to procuring title clearance documents, if any, forwarded certificate to clear, if any, fees for combining or splitting certificates of title, if any, and _________ Escrow Trust fee.

  • Per the terms of the Consent Decree, EPA filed a Notice of Federal Lien Release on July 25, 2011.

  • As part of the Consent Decree, EPA agreed to release the Notice of Federal Lien filed against the Site on November 19, 2002.

  • NONE I know of no action or proceeding, whatever, which is now pending in any State of Federal Court in the United States, to which I am a party, nor do I know of any Federal Court Judgment, Federal Tax Lien, or any Federal Lien of any kind or nature whatever which now constitutes a Lien or charge upon the above described real property.

  • Purchaser(s) will pay for registration of deed(s) and of documents executed by Xxxxxxxxx(s) if any, Torrens tax research made at time of registration of deed(s), ½ of Federal Lien Search, mortgagee's duplicate certificate of title, if any, and _________ Escrow Trust fee.

  • Purchaser(s) will pay for registration of deed(s) and of documents executed by Xxxxxxxxx(s) if any, Torrens tax research made at time of registration of deed(s), ½ of Federal Lien Search, mortgagee's duplicate certificate of title, if any, and Escrow Trust fee.

  • Within days after EPA receives [if installment payment plan insert “the final”] payment required by Paragraph 12 of this Agreement [or “within days prior to closing” if Agreement provides for sale of site property], EPA shall file a Release of Notice of Federal Lien in the Recorder’s Office [or Registry of Deeds or other appropriate office], County, State of .


More Definitions of Federal Lien

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.
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Federal Lien has the meaning set forth in SECTION 8.7(A).
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Federal Lien has the meaning set forth in Section 6.1(l).
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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 (a) in the case of Collateral other than Mortgaged Property, the Liens permitted under Section 6.01 and (b) in the case of Mortgaged Property, “Permitted Collateral Liens” shall mean the Liens described in clauses (a), (c), (d), (g), (h), (o), (p) and (u) of Section 6.01.

  • 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 liens created by K.S.A. 2-1319, 2-2608, 2-3007, 34-239, 47-836, 58-201, 58-203, 58-204, 58-207, 58-218, 58-220, 58-221, 58-241, 58-242, 58-2524, 58-2525, 58-2526, 58-2527, 58-2528 and 84-7-209, and amendments thereto.

  • 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 property means any build- ing, land, or other real property owned, leased, or occupied by any department, agency or instrumentality of the United States (including the Depart- ment of Defense and the U.S. Postal Service), or any other instrumentality wholly owned by the United States, or by any department or agency of the District of Columbia or any territory or possession of the United States.

  • 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 12.5 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 (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 (amending 42 USC 4001, et seq.), as the same may be amended or recodified from time to time, and (iv) the Flood Insurance Reform Act of 2004 and any regulations promulgated thereunder.

  • Lien means, with respect to any asset, any mortgage, lien, pledge, charge, security interest or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law, including any conditional sale or other title retention agreement, any lease in the nature thereof, any option or other agreement to sell or give a security interest in and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction.

  • 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 of the assets of any Grantor, whether real, personal or mixed, constituting both Senior Lender Collateral and Noteholder 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.