Ordinary Course Liens definition

Ordinary Course Liens means: ---------------------

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Ordinary Course Liens means the following Liens:

Ordinary Course Liens means with respect to any Person:

Examples of Ordinary Course Liens in a sentence

Pay and discharge when due all taxes, assessments, and governmental charges, Ordinary Course Liens or levies imposed on any Borrower Party or its Subsidiaries or on its income or profits or any of its property, except for any such tax, assessment, charge, or levy which is an Ordinary Course Lien under subsection (b) of the definition of such term.
Pay and discharge when due all material taxes, assessments, and governmental charges, Ordinary Course Liens or levies imposed on any Credit Party or its Subsidiaries or on its income or profits or any of its property, except for any such tax, assessment, charge, or levy which is an Ordinary Course Lien under subsection (b) of the definition of such term.
Pay and discharge in all material respects when due all taxes, assessments, and governmental charges, Ordinary Course Liens or levies imposed on any Borrower Party or its Subsidiaries or on its income or profits or any of its property, except for any such tax, assessment, charge, or levy which is an Ordinary Course Lien under subsection (b) of the definition of such term.
USG agrees to cause any Ordinary Course Liens to be released at or prior to Payout.
Pay and discharge when due all taxes, assessments, and governmental charges, Ordinary Course Liens or levies imposed on Borrower or its Subsidiaries or on its income or profits or any of its property, except for any such tax, assessment, charge, or levy which is an Ordinary Course Lien under subsection (b) of the definition of such term.

More Definitions of Ordinary Course Liens

Ordinary Course Liens means any:

Ordinary Course Liens has the meaning assigned thereto in Section 2.5.

Ordinary Course Liens means: (a) Liens pursuant to any Loan Document; (b) Liens for taxes not yet due or which are being contested in good faith and by appropriate proceedings, if adequate reserves with respect thereto are maintained on the books of the applicable Person in accordance with GAAP; (c) carriers', warehousemen's, mechanics', materialmen's, repairmen's or other like Liens arising in the ordinary course of business which are not overdue for a period of more than 60 days or which are being contested in good faith and by appropriate proceedings, if adequate reserves with respect thereto are maintained on the books of the applicable Person and deposits securing liability to insurance carriers under insurance arrangements; (d) pledges or deposits in connection with worker's compensation, unemployment insurance and other social security legislation; (e) deposits to secure the performance of bids, trade contracts (other than for borrowed money), leases, statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business;

Ordinary Course Liens means: (a) Liens for taxes not yet due or which are being Contested in Good Faith and by appropriate proceedings, if adequate reserves with respect thereto are maintained on the books of the applicable Person in accordance with GAAP; (b) carriers’, warehousemen’s, mechanics’, loggers’, materialmen’s, repairmen’s or other like Liens arising in the ordinary course of business which are not overdue for a period of more than 30 days or which are being Contested in Good Faith and by appropriate proceedings, if adequate reserves with respect thereto are maintained on the books of the applicable Person; (c) pledges or deposits in connection with worker’s compensation, unemployment insurance and other social security legislation; (d) deposits to secure the performance of bids, trade contracts (other than for borrowed money), leases, statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business; (e) easements, rights-of-way, restrictions and other similar encumbrances affecting real property which, in the aggregate, are not substantial in amount, and which do not in any case materially detract from the value of the property subject thereto or materially interfere with the ordinary conduct of the business of the applicable Person; and (f) attachment, judgment or other similar Liens arising in connection with litigation or other legal proceedings (and not otherwise a Default hereunder) in the ordinary course of business that is currently being Contested in Good Faith by appropriate proceedings and adequate reserves have been set aside and no material property is subject to a material risk of loss or forfeiture. Partnership Agreement - that certain Partnership Agreement of Borrower dated November 7, 1985, as the same may be amended, restated or modified from time to time. Payment Date — any scheduled date upon which an installment of principal, interest, or both, is due and payable by Borrower to the Holders under the Notes pursuant to the provisions of this Agreement. Permitted Leases — collectively and severally, leases entered into by Borrower for equipment, software licenses or other fixed assets in the ordinary course of Borrower’s business, but only to the extent that the annual lease payments due under such leases, do not exceed $2,000,000 in the aggregate. Person — an individual, general partnership, limited partnership, limited liability company, corporation, trust, unincor...

Ordinary Course Liens means the Liens described in clauses (c), (d), (e), (f), (j)(ii), (k), (r) and (w) of the definition of “Permitted Encumbrances” set forth in the Credit Agreement.

Ordinary Course Liens means (i) liens for ad valorem taxes, assessments or other similar governmental charges or levies, which are either (a) not yet due and payable or, (b) contested in good faith and fully bonded; and (ii) workers' mechanics', suppliers', carriers', or warehousemen's liens arising by virtue of statute, in the ordinary course of business, not yet due and payable.

Ordinary Course Liens means: