Financing Liens definition
Examples of Financing Liens in a sentence
SELLER shall also pay any and all costs, fees, premiums, principal, interest, penalties and expenses relating to and necessary for the satisfaction, termination, discharge and/or defeasance of the Financing Liens.
TGI and each Subsidiary of TGI has good and marketable title to all of the Subsidiary Shares, Partnership Interests and LLC Interests it purports to own, free and clear in each case of any Lien other than the ▇▇▇▇▇▇ Financing Liens and Permitted Refinancing Liens related thereto, non-consensual Liens arising by operation of Law which are identified under the definition of Permitted Liens herein and Liens in favor of the Administrative Agent for the benefit of the Banks hereunder.
For the avoidance of doubt, any DIP Financing Liens on any ABL Priority Collateral shall not apply automatically to any Note Priority Collateral, and any DIP Financing Liens on any Note Priority Collateral shall not apply automatically to any ABL Priority Collateral.
In connection therewith, Renova shall use commercially reasonable efforts to take, or cause to be taken, all actions, and to do promptly, or cause to be done, and to assist and cooperate with the other Parties in doing, all things reasonably necessary, proper or advisable to cause the termination and release of the Banco do Brasil Financing Liens as soon as practicable after the Effective Date and in no event later than January 31, 2016.
If an Equal Priority Secured Party is also a DIP Lender, it shall be entitled to seek DIP Financing Liens in such capacity to secure such DIP Financing in accordance with the Bankruptcy Code.
Therefore, the TERG Parties undertake to execute such agreements in substantially the forms attached hereto in Schedule 2.3, as applicable, and to provide all reasonable documentation, as may be requested by BB in connection with the amendments to the agreements of the Banco do Brasil Financing Liens.
The TERG Parties hereby acknowledge that BB’s consent, as set forth in Section 2.1, is subject to the execution of new agreements with respect to Banco do Brasil Financing Liens substantially in the forms attached in Schedule 2.3 attached hereto.
The form of any release of the Banco do Brasil Financing Liens shall be reasonably acceptable to the TERG Parties.
Nothing in this clause (b) shall require the Seller, despite any election by the Seller to attempt to discharge any title exceptions, to take or bring any action or proceeding or any other steps to remove any title exception or to expend any moneys therefor, other than with respect to the Post Effective Date Seller Encumbrance, the Post Effective Date Monetary Encumbrance, Financing Liens and Tax Liens.
Notwithstanding the foregoing, amounts secured by the Project Financing Lien(s) may be for amounts up to eighty percent (80%) of the total cost of the Project (as reasonably documented to Buyer) if the entire eighty percent (80%) is granted to the Senior Secured Lenders and eighty percent (80%) of the total cost of the Project is being financed by such Senior Secured Lenders.