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 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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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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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 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.

  • 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.

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

  • The Issuer Trustee also agrees to disburse all moneys actually received by it constituting part of the Trust Estate upon the terms of this Agreement and to disburse all moneys actually received by it in respect of a Transferred PACE Charge Lien upon the terms of the applicable PACE Charge Lien Transfer Agreement.

  • Except as otherwise provided in any PACE Charge Lien Transfer Agreement, all cash available for distribution (after accounting for all other expenses of the Trust) shall be distributed to the Owner.

  • 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.

  • 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.

  • Except as otherwise provided in any PACE‌ Charge Lien Transfer Agreement, all cash available for distribution (after accounting for all other expenses of the Trust) shall be distributed to the Owner.


More Definitions of Lien Transfer

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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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 as herein used means transfer of ownership reported in the records of Carrier of a stated quantity of Petroleum in the custody of Carrier from one entity to another.

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