Initial Liens definition

Initial Liens has the meaning set forth in Section 5.1(b)(i).
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Initial Liens has the meaning specified in Section 7.01(a).
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Examples of Initial Liens in a sentence

  • The Pari Passu Liens granted pursuant to this provision shall be (i) granted concurrently with the granting of any such Initial Liens, and (ii) granted pursuant to instruments, documents and agreements which are no less favorable to the trustee and the holders of the Notes than those granted to secure the Existing Senior Notes.

  • The Liens to be granted to secure the First Lien Loan Document Obligations pursuant to the proviso to the definition of “Permitted Liens” in the Credit Agreement will be given in accordance with the Agreed Security Principles and on terms no less favorable to the Parent Borrower and its Restricted Subsidiaries than those contained in the Security Documents entered into on the Closing Date and the Security Documents pursuant to which the Initial Liens are created.

  • Tradesmen registered the Initial Liens on title to real property on which the Project is located, which real property is owned by third parties.

  • The litigation comprised of Tradesmen’s Initial Liens (and two further liens described below) and the corresponding claims against the third party owners of the real property on which the liens are registered, and Tradesmen’s claims against Teck and Fluor (collectively, the “ Litigation”) is Tradesmen’s most significant asset.

Related to Initial Liens

  • Permitted Liens means, with respect to any Person:

  • Permitted Encumbrances means:

  • Encumbrances means any mortgages, pledges, liens, security interests, conditional and installment sale agreements, activity and use limitations, conservation easements, deed restrictions, encumbrances and charges of any kind.

  • Adverse Claim means a lien, security interest, or other charge or encumbrance, or any other type of preferential arrangement.

  • Encumbrance means any charge, claim, community property interest, pledge, condition, equitable interest, lien (statutory or other), option, security interest, mortgage, easement, encroachment, right of way, right of first refusal, or restriction of any kind, including any restriction on use, voting, transfer, receipt of income or exercise of any other attribute of ownership.