Liened Property definition

Liened Property has the meaning specified in Section 6.11.
Sample 1Sample 2Sample 3
Liened Property has the meaning specified in Section 6.11(a). “Limited Condition Acquisition” means any acquisition by the Borrower or one or more of its subsidiaries permitted hereunder whose consummation is not conditioned under the applicable acquisition agreement on the availability of, or on obtaining, third party financing. “Loan” means an extension of credit by a Lender to the Borrower under ARTICLE II in the form of a Term Loan, a Revolving Credit Loan, a Swing Line Loan or L/C Advance. Each Loan may be divided into tranches which are Base Rate Loans or Term SOFR Loans (each a “Type” of Loan). “Loan Documents” means this Agreement, the Notes, each Issuer Document, the Fee Letters, the Subsidiary Guaranty, the Collateral Documents, the Restatement Agreement, the Ratification Agreement, and any agreement creating or perfecting rights in Cash Collateral pursuant to the provisions of Section 2.14 and all other documents delivered to the Administrative Agent or the L/C Issuer in connection herewith or therewith relating specifically to the Obligations.
Sample 1
Liened Property means property that is subject to a lien under this chapter.
Sample 1

Examples of Liened Property in a sentence

  • Any UCC financing statements required to be delivered pursuant to Section 4.01(a)(xii) shall not cover any Liened Property until required by the terms of this Section 6.11 and Section 6.12.

  • It is understood and agreed that Liened Property that is of the same type as the Collateral securing the Obligations is not required to be Collateral for the Obligations until the date that is ten (10) Business Days following the date the Indebtedness that the Liened Property secures is repaid.

  • It is understood and agreed that Liened Property that is not permitted to be pledged pursuant to the agreements governing such permitted Indebtedness is not required to be Collateral for the Obligations until the date that is thirty (30) days following the date the Indebtedness that the Liened Property secures is repaid, refinanced or otherwise replaced.

  • It is understood and agreed that Property acquired (x) in a Permitted Acquisition that secures Indebtedness permitted pursuant to Section 7.03(g)(x) and (y) with purchase money Indebtedness permitted pursuant to Section 7.03(g)(y) (collectively, “Liened Property”), that is of the same type as the Collateral securing the Obligations, is not required to be Collateral for the Obligations until the date that is thirty (30) days following the date the Indebtedness that the Liened Property secures is repaid.

  • Payment of insurance benefits directly to the Bank for the Liened Property at any time that the insurance company shall be liable to payment of these benefits in accordance with the insurance company, or in accordance with any law.

  • Said expenses and commissions include, inter alia (and without derogating from the generality of the above) security processing fees, stamp duty and fees for the registration of documents, expenses for realizing the securities and for collection proceedings (including the Bank's attorneys' fees), insurance, security, maintenance and repair of the Liened Property.

  • That the Liened Property are not liened, mortgaged or attached in favor of others, with the exception of liens as detailed in the extract of the Registry of Companies as attached, and excluding: (I) A floating first degree lien as stated in para.

  • It is understood and agreed that Liened Property that is of the same type as the Collateral securing the Obligations is not required to be Collateral for the Obligations until the date that is thirty (30) days following the date the Indebtedness that the Liened Property secures is repaid, refinanced or otherwise replaced.

  • Not to lien and not to mortgage in any way or manner the Liened Property in equal, prior or subsequent rights to the rights of the Bank, and not to endorse any right held by the Pledger in the Liened Property without obtaining the prior written consent of the Bank thereto, with the exception of: (I) A floating first degree lien as stated in para.

  • To pay promptly in accordance with any law all the taxes and compulsory payments imposed on the Liened Property and/or on the income accruing therefrom, and to furnish the Bank, upon request, with all receipts for the said payments.

Related to Liened Property

  • Owned Property has the meaning set forth in Section 4.10(a).

  • Assigned Property means real and related personal property which, in the discretion of the Administrator or his designee, has been made available to the Department for transfer for public health purposes.

  • Release Property has the meaning set forth in Section 2.5.

  • Transferred Property shall have the meaning specified in Section 2.1(a) hereof.

  • Assessed Property means any Parcel within the District against which an Assessment is levied.

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.

  • Owned Properties has the meaning set forth in Section 3.16.

  • Covered Property is the address stated on your Agreement Coverage Summary Page. • “Domestic-grade” Items are those that were designated by the manufacturer, manufactured and marketed solely for installation and use in a residential single family dwelling.

  • Improved Property means any property upon which there is erected a structure intended for continuous or periodic habitation, occupancy or use by human beings or animals and from which structure Sanitary Sewage and/or Industrial Wastes shall be or may be discharged.

  • Acquired Property shall have the meaning set forth in Section 5.1.10(h)(i) hereof.

  • Leased Properties have the meaning set forth in Section 3.16 herein.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Excluded Property shall have the meaning set forth in the Security Agreement.

  • Released Property shall have the meaning set forth in Section 2.9 hereof.

  • Mortgaged Premises means any real property which shall now or hereafter be subject to a Note Mortgage and/or an ABL Mortgage.

  • Foreclosed Property The Property or other Collateral securing the Mortgage Loan, title to which has been acquired by the Special Servicer on behalf of the Trust and the Companion Loan Holders through foreclosure, deed in lieu of foreclosure or otherwise in the name of the Trustee or its nominee.

  • Abandoned property means personal property left by an owner who intentionally

  • Leased Property shall have the meaning given such term in Section 2.1.

  • Mortgaged Real Property means each of the parcels of real property set forth on Schedule 4 hereto, or interests therein, owned in fee by a Credit Party, together with each other parcel of Real Property that shall become subject to a Mortgage after the Closing Date, in each case together with all of such Credit Party’s right, title and interest in the improvements and buildings thereon and all appurtenances, easements or other rights belonging thereto.

  • Underlying Mortgaged Property With respect to each Co-op Loan, the underlying real property owned by the related residential cooperative housing corporation.

  • Excluded Properties the collective reference to the fee or leasehold interest in real properties owned by the Parent Borrower or any of its Subsidiaries not described in Schedule 5.8.

  • Restricted Property means (a) any property of the Company located within the United States of America that, in the opinion of the Company’s board of directors, is a principal manufacturing property or (b) any shares of capital stock or Debt of any Subsidiary owning any such property.

  • Existing Property means all property against which ad valorem property taxes were levied by a local unit for its concluding fiscal year, minus all property that is considered losses for purposes of ad valorem property tax levies of the local unit for the ensuing fiscal year.

  • Individual Property means each parcel of real property, the Improvements thereon and all Personal Property owned by Mortgage Borrower and encumbered by a Mortgage, together with all rights pertaining to such Property and Improvements, as more particularly described in each Mortgage and referred to therein as the “Property”.

  • Leasehold Estate means Borrower’s interest in the Land and any other real property leased by Borrower pursuant to the Ground Lease, if applicable, including all of the following: