Permitted Equity Encumbrances definition

Permitted Equity Encumbrances means Liens for taxes, assessments or governmental charges which are (a) immaterial to the Company and its Subsidiaries, taken as a whole, (b) not overdue for a period of more than thirty (30) days or (c) being contested in good faith and by appropriate actions or proceedings diligently conducted (which actions or proceedings have the effect of preventing the forfeiture or sale of the property or assets subject to any such Lien), if adequate reserves with respect thereto are maintained on the books of the applicable Person in accordance with GAAP.

Permitted Equity Encumbrances means: (a) those restrictions on transfer imposed by applicable securities laws; (b) Liens or restrictions imposed on transfers set forth in the Constitutive Documents of the issuer; and (c) Liens created pursuant to, and securing any Indebtedness under, the Financing Documents or Tax Equity Documents.

Permitted Equity Encumbrances. Liens and Negative Pledges pursuant to any Loan Document;

Examples of Permitted Equity Encumbrances in a sentence

• The Company shall not, nor shall it permit any Subsidiary to, directly or indirectly, create, incur, assume or suffer to exist any Lien on (i) any Unencumbered Eligible Property other than Permitted Property Encumbrances, (ii) any Equity Interest of any Unencumbered Property Subsidiary other than Permitted Equity Encumbrances or (iii) any income from or proceeds of any of the foregoing.

• None of the Qualified Assets or the Equity Interests of any Qualified Asset Owner is subject to any Lien except Permitted Encumbrances and Permitted Equity Encumbrances.

• Create, incur, assume or suffer to exist any Lien on (i) any Unencumbered Property other than Permitted Property Encumbrances, (ii) any Equity Interest of any Owner of any Unencumbered Property other than Permitted Equity Encumbrances or (iii) any income from or proceeds of any of the foregoing; or sign, file or authorize under the Uniform Commercial Code of any jurisdiction a financing statement that includes in its collateral description any portion of any Unencumbered Property.

• Upon the Closing (should the Closing occur), Parent will acquire record and beneficial title to all of the Subject Units, free and clear of any Encumbrances, except for Permitted Equity Encumbrances.

• Subject to and upon the terms and conditions of this Agreement, at the Closing, Carlyle shall sell, assign, transfer and deliver to Parent, and Parent shall purchase, accept and assume from Carlyle, the Subject Units, free and clear of all Encumbrances, except for Permitted Equity Encumbrances.

More Definitions of Permitted Equity Encumbrances

Permitted Equity Encumbrances means: (a) those restrictions on transfer imposed by applicable securities laws; (b) Liens or restrictions imposed on transfers set forth in the Constitutive Documents of the issuer; and (c) Liens created pursuant to, and securing any Indebtedness under, the Financing Documents.

Permitted Equity Encumbrances means with respect to any Equity Securities of the Acquired Companies, (a) the provisions of the Organizational Documents of the Acquired Companies; (b) the restrictions on the sale, transfer, pledge, or other disposition of securities provided in the Securities Act and any state or “blue sky” securities Laws; (c) any restrictions imposed by Buyer or this Agreement; or (d) any liens as set forth on Schedule 1.01(c).

Permitted Equity Encumbrances means, collectively:

Permitted Equity Encumbrances means with respect to any equity securities of the Company, (a) the provisions of the organizational documents of the Company; (b) the restrictions on the sale, transfer, pledge, or other disposition of securities provided in the Securities Act and any state or “blue sky” securities Laws; and (c) any restrictions imposed by Buyer or this Agreement.

Permitted Equity Encumbrances means (a) those restrictions on transfer imposed by applicable securities Laws; (b) with respect to Stillwater Holdings, restrictions on transfer set forth in the Stillwater Holdings Operating Agreement; and (c) any Liens created by or through Buyer or any of its Affiliates or representatives.

Permitted Equity Encumbrances means (s) Liens securing judgments for the payment of money not constituting an Event of Default under Section 8.01(h);

Permitted Equity Encumbrances means (a) those restrictions on transfer imposed by applicable securities laws, (b) Liens or restrictions imposed on transfers set forth in the Constitutive Documents of the Company and (c) any Lien in favor of Purchaser arising under or created by this Agreement.