Lien Transfer definition

Lien Transfer means the granting of any Lien on any Long Distance Asset, other than:
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Lien Transfer means the granting of any Lien on any Long Distance Asset, other than: (a) a Lien securing purchase money indebtedness that does not have a term longer than the estimated useful life of the Long Distance Asset subject to such Lien; (
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Lien Transfer means the granting of any Lien on any Long Distance Asset, other than: (a) a lien securing purchase money indebtedness that does not have a term longer than the estimated useful life of such Long Distance Asset; (b) Liens or other comparable arrangements relating to the financing of accounts receivable; and (c) Liens securing any other indebtedness for borrowed money, provided that (i) the amount of such indebtedness, when added to the aggregate amount of purchase money indebtedness referred to in clause (a) above, does not exceed 30% of the total book value of the Long Distance Assets as at the date of the most recently published balance sheet of this Corporation, (ii) the indebtedness secured by such Liens is secured only by Liens on Long Distance Assets, (iii) the face amount of such indebtedness does not exceed the book value of the Long Distance Assets subject to such Liens, and (iv) such indebtedness is for a term no longer than the estimated useful life of the Long Distance Assets subject to such Liens.
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Examples of Lien Transfer in a sentence

  • All proceeds paid or payable to or for the account of the Borrower or any Project Company or otherwise received by any Affiliate of the Borrower in connection with the Permitted Transmission Lien Transfer shall be deposited in the Gen Lead Account.

  • Any remaining PACE Charge Lien shall be reconveyed to the related PACE Charge Lien Owner in accordance with the PACE Charge Lien Transfer Agreement.

  • In connection with any such liquidation, any Transferred PACE Charge Liens shall be reconveyed to the related PACE Charge Lien Owner in accordance with the related PACE Charge Lien Transfer Agreement.

  • Any PACE Charge Lien that would qualify for a charge-off in accordance with Section 2.09(a) or (b) hereof shall be reconveyed to the related PACE Charge Lien Owner in accordance with the PACE Charge Lien Transfer Agreement.

  • If the title application contains a lienholder, the State of NH DMV will issue the title to the lienholder (see Electronic Lien Transfer section below) and keep an electronic record that will be used for electronic transfer at the disposition of the lien.

  • For ------- -------- purposes of this Section 3.1(b), the Fair Market Value of any Long Distance Assets shall be the value of such assets, without regard to the effect of the Liens constituting the Lien Transfer in question, but considering all other Liens on such assets and any other relevant factors, as determined by an investment banking or appraisal firm of internationally recognized standing reasonably satisfactory to the Company and FT and DT, the cost of which shall be borne by the Company.

  • If any Lien Transfer results in the disposition of the whole or part of any Units or Member Interest, then (a) if such disposition is voluntarily made by the Member, the disposition shall be subject to the restrictions set forth in Section 10.3; or (b) if such disposition is involuntary, then the disposition will be an Unapproved Transfer for the purpose of Section 10.5.

  • The provisions of Section 10.6 shall govern the procedures for reimbursement of any claim under this Section 10.9. For purposes of this Section 10.9, Purchaser will be deemed to have “unreasonably withheld” its consent to any settlement offer it does not consent to, unless the settlement offer would impose new restrictions or limitations on any line of business in which any of the Acquired Companies is engaged on the date hereof, other than the residential Tax Lien Transfer business in Texas.

  • On September 25, 2015, pursuant to that provision of Florida law, McCorkle Construction Company, the general contractor on the project, transferred Plaintiff’s Claim of Lien to a Lien Transfer Bond in the amount of $88,989.44 with Defendant American Contractors Indemnity Company (“Defendant”) as surety.

  • Any amounts paid to the Issuer Trustee or Wilmington Trust Company pursuant to this Article VIII, the Fee Agreement, Section 4.02 of the Purchase Agreements or the Assigned Purchase Agreements or Sections 3.06, 3.07 or 3.08 of one or more of the PACE Charge Lien Transfer Agreements shall at no time be included in the Trust Estate.


More Definitions of Lien Transfer

Lien Transfer means a Transfer under which a creditor of a Member is granted or obtains a lien, security interest, charging order, or encumbrance upon the whole or any part of a Member Interest, whether voluntary or involuntary; provided, however, that the phrase “Lien Transfer” shall not mean (i) a sale of the whole or any part of a Member Interest that is disguised as a Lien Transfer; or (ii) the sale of the whole or part of a Member Interest that results from the exercise by the creditor of rights, if any, to dispose or to cause the disposition of the whole or part of the Member Interest that was encumbered as a result of a Lien Transfer.
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Related to Lien Transfer

  • Whole Loan Transfer Any sale or transfer of some or all of the Mortgage Loans, other than a Securitization Transaction.

  • Fannie Mae Transfer As defined in Section 13 hereof.

  • Lateral transfer or "transfer" - refers to the movement of an employee from one position to another which does not constitute a demotion or promotion;

  • Title Transfer means the transfer of title to Gas between two (2) Shippers at a Delivery Point, provided that each such party has executed a Transportation Service Agreement, or the transfer of title to Gas between two (2) Shippers at ATP, provided each such party has executed either a Transportation Service Agreement or a Title Transfer Agreement.

  • Servicing Transfer Any transfer of the servicing by a Prior Servicer of Mortgage Loans to the Servicer under this Agreement.

  • Freddie Mac Transfer As defined in Section 13 hereof.

  • Securitization Transfer The sale or transfer of some or all of the Mortgage Loans to a trust or other entity as part of a publicly-issued or privately-placed, rated or unrated mortgage pass-through or other mortgage-backed securities transaction.

  • Right of First Refusal and Co-Sale Agreement means the agreement among the Company, the Purchasers, and certain other stockholders of the Company, dated as of the date of the Initial Closing, in the form of Exhibit G attached to this Agreement.

  • Servicing Transfer Event means any of the events specified in the Servicing Agreement, whereby the servicing of the Mortgage Loan is required to be transferred to the Special Servicer from the Master Servicer.

  • credit transfer means a payment service for crediting a payee’s payment account with a payment transaction or a series of payment transactions from a payer’s payment account by the payment service provider which holds the payer’s payment account, based on an instruction given by the payer;

  • Data Transfer means: 1.1.8.1 a transfer of Company Personal Data from the Company to a Contracted Processor; or 1.1.8.2 an onward transfer of Company Personal Data from a Contracted Processor to a Subcontracted Processor, or between two establishments of a Contracted Processor, in each case, where such transfer would be prohibited by Data Protection Laws (or by the terms of data transfer agreements put in place to address the data transfer restrictions of Data Protection Laws);

  • Type II transfer means that phrase as defined by Section 3 of the Executive Organization Act of 1965, 1965 PA 380, MCL 16.103.

  • Transfer Event means (i) a transfer of the ownership of a project, (ii) the sale or assignment of a partnership interest in a project owner and/or (iii) the refinancing of secured debt on a project. The following shall not be deemed a Transfer Event: (i) the transfer of the project or a partnership or membership interest in a project owner in which reserves remain with the project and the debt encumbering the project is not increased, refinanced or otherwise modified, (ii) the refinancing of project debt which does not increase the outstanding principal balance of the debt other than in the amount of the closing costs and fees paid to the project lender and third parties as transaction

  • Non-Transfer Event means any event or other changes in circumstances other than a purported Transfer, including, without limitation, any change in the value of any Shares.

  • Transfer Any direct or indirect transfer or sale of any Ownership Interest in a Residual Certificate.

  • Transfer Vehicle means any vehicle that operates in space and transfers Payloads or persons or both between two different space objects, between two different locations on the same space object, or between a space object and the surface of a celestial body. A Transfer Vehicle also includes a vehicle that departs from and returns to the same location on a space object.

  • Custody transfer means the transfer of produced crude oil and/or condensate, after processing and/or treating in the producing operations, from storage tanks or automatic transfer facilities to pipelines or any other forms of transportation.

  • First Refusal Right means the right granted to the Corporation in accordance with Article E.

  • Secondary Refusal Right means the right, but not an obligation, of each Investor to purchase up to its pro rata portion (based upon the total number of shares of Capital Stock then held by all Investors) of any Transfer Stock not purchased pursuant to the Right of First Refusal, on the terms and conditions specified in the Proposed Transfer Notice.

  • Balance Transfer refers to the facility of transferring the outstanding balances from another credit card held by the Cardmember with another bank, financial institution or credit card issuer to the Card Account, subject to the Balance Transfer terms and conditions applicable at the time of application for Balance Transfer;

  • Excluded Transfer means any transfer of VMTP Shares (1) to a tender option bond trust in which the Purchaser and/or its Affiliates collectively own all of the residual interests, (2) in connection with a distribution in-kind to the holders of securities of or receipts representing an ownership interest in any tender option bond trust in which the Purchaser and/or its Affiliates collectively own all of the residual interests, (3) in connection with a repurchase financing transaction or (4) relating to a collateral pledge arrangement.

  • Funds transfer means the series of transactions, beginning with the originator's payment order, made for the purpose of making payment to the beneficiary of the order. The term includes any payment order issued by the originator's bank or an intermediary bank intended to carry out the originator's payment order. A funds transfer is completed by acceptance by the beneficiary's bank of a payment order for the benefit of the beneficiary of the originator's payment order.

  • Type III transfer means that term as defined under Section 3(c) of the Executive Organization Act of 1965, 1965 PA 380, MCL 16.103.

  • Underlying Transfer Agent means State Street Bank and Trust Company or such other organization which may from time to time be appointed by the Fund to act as a transfer agent for the Underlying Portfolios and with respect to which the Custodian is provided with Proper Instructions.

  • Proposed Transfer means any assignment, sale, offer to sell, pledge, mortgage, hypothecation, encumbrance, disposition of or any other like transfer or encumbering of any Transfer Stock (or any interest therein) proposed by any of the Key Holders or Investors.

  • Prior Security Interest means a valid and enforceable perfected first-priority security interest in and to the Collateral that is subject only to Permitted Liens which have first-priority by operation of applicable Law.