Permitted Equity Liens definition

Permitted Equity Liens means the ownership interest of the related Tax Equity Investor in the related Tax Equity Facility and in each case arising under the related Financing Fund LLCA.

Permitted Equity Liens means, with respect to the Membership Interests, (a) Liens created by the acts of Purchaser or any of its Affiliates, (b) any restriction on the sale, transfer, pledge, or other disposition of securities by Purchaser under the Securities Act, or any other federal, state and other Laws governing securities, and (c) Liens arising under the Group Companies’ Fundamental Documents.

Permitted Equity Liens means Liens permitted under Section 6.02(a), Section 6.02(c), Section 6.02(r), and Section 6.02(t).

Examples of Permitted Equity Liens in a sentence

• The Borrower has good title to all of its properties and assets necessary in the ordinary conduct of its business, free and clear of Liens other than Permitted Liens and Permitted Equity Liens.

• The Managing Members have full legal and equitable title to the Managing Member Interests free and clear of all Liens, other than Permitted Liens and Permitted Equity Liens.

• The Agent, for the benefit of the Lenders, ceases to have a first priority perfected security interest in Collateral having a value in excess of $[***] and such failure shall continue unremedied for more than five (5) Business Days unless such Liens with a higher priority than Agent’s Liens are Permitted Liens or Permitted Equity Liens; provided that if such cessation in security interest is due to the Agent’s actions, then no Event of Default shall be deemed to occur under this Section 6.1(I).

• The shares of capital stock or other ownership interests so indicated on Schedule 3.08 are fully paid and non-assessable and are owned by the applicable Loan Party free and clear of all Liens (other than Permitted Equity Liens).

• A Financing Fund has full legal and equitable title to (i) the related PV System (or if the related Solar Asset is not yet Placed in Service, will have full legal and equitable title immediately upon the completion of installation of such PV System and approval of a commissioning package submitted by the Approved Installer) and (ii) the related Solar Service Agreement upon execution of such agreement, in each case free and clear of all Liens except for Permitted Liens and Permitted Equity Liens.

More Definitions of Permitted Equity Liens

Permitted Equity Liens shall have the meaning assigned to such term in Section 3.07(a).

Permitted Equity Liens means, with respect to any Equity Interests of a Person, Permitted Liens of the type described in clauses (a)(i), (e), (h), (l), (m) or (n) of the definition of Permitted Liens.

Permitted Equity Liens means Liens permitted to Section 7.03(a)(iv), Section 7.03(a)(vii), Section 7.03(a)(ix) and Section 7.03(a)(xi).

Permitted Equity Liens means (a) Liens created under federal, state or foreign securities Laws, (b) Liens as may be set forth in the respective certificates of formation or limited liability company agreements (or similar governing documents) of a Transferred Entity where made available to Purchaser and (c) any Liens created by or on behalf of Purchaser.

Permitted Equity Liens means (a) restrictions on transfer imposed by applicable securities Laws, (b) with respect to any Contributed Company Interests, restrictions on transfer set forth in the Charter Documents of such Contributed Company, (c) Liens that arise as the result of any Tax Equity Financing and (d)(i) in the case of the FS Contributed Interests, those matters set forth in Part I of Schedule 1.1(d) of the FS Disclosure Schedule, and (ii) in the case of the SP Contributed Interests, those matters set forth in Part I of Schedule 1.1(d) of the SP Disclosure Schedule.

Permitted Equity Liens means, with respect to any Equity Interests of a Person, Permitted Liens of the type described in clauses (a)(i), (e), (h) or (l) of the definition of Permitted Liens.

Permitted Equity Liens means: (i) transfer restrictions caused by or created under federal or state securities Laws or the Organizational Documents of the Company or Amtran; or (ii) Liens caused or created by Buyer upon or after the Closing.