Permitted Interests definition

Permitted Interests means limited liability company and partnership interests in the Permitted Subsidiaries owned by the Manager as of the date on which the Loan is made.
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Permitted Interests described in Section 7.(c) below, the security interest granted to Navarre by Label pursuant to the Distribution Agreement, constitutes a valid and perfected first lien in and to the collateral described therein and there are no undisclosed liabilities or obligations relating thereto.
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Permitted Interests means an Encumbrance described in Schedule “B2” attached hereto.
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Examples of Permitted Interests in a sentence

  • The Borrower will not create, incur, assume or suffer to exist any mortgage, lease, deed of trust, pledge, lien, security interest, or other charge or encumbrance of any nature on any of its assets, now owned or hereafter acquired, securing any indebtedness or obligation to the Banks, except (1) the Permitted Interests, and Minor Irregularities and (2) any security interest granted herein or by any document related hereto to the Banks or consented to in writing by the Banks.

  • Notwithstanding the above, the Executive may maintain his interests existing as of the date hereof in the entities set forth on Schedule 1 hereto (the "Permitted Interests") so long as the services rendered by the Executive in connection with the Permitted Interests do not substantially interfere with the Executive's performance of his duties under this Agreement.

  • The Company is the sole and exclusive owner of all Company Owned Intellectual Property, free and clear of any Security Interests and any payment obligations to any inventor thereof, except for Permitted Interests, and all joint owners of the Company Owned Intellectual Property are listed in Section 2.12(c) of the Disclosure Schedule.

  • It did not extend to behavioral outcomes, such as actual drinking practices, and experiencing negative consequences from underage drinking.

  • We focus on these types of measures so that our findings can guide efforts by policymakers and educators to support the doubly challenged population of ELSWDs. Several studies have revealed relationships between the characteristics of students, households, and schools and the level of students’ success after high school (Aud et al.

  • The Borrower shall not create, assume, incur, or suffer to exist any assignment, mortgage, pledge, security interest, lien, charge or other encumbrance whatsoever upon the Borrower Property or the Collateral securing any Indebtedness or obligation, except the Permitted Interests.

  • The mortgage liens granted to the Lender by the Borrower pursuant to the Borrower Mortgage, and the security interests granted to the Lender pursuant to the Borrower Security Agreement, constitute valid and, upon filing and recording, perfected first liens in and to the Borrower Property and the Collateral, subject to Permitted Interests.

  • Except for Permitted Interests, the security interest granted to the Banks by the Borrower pursuant to the Security Agreement constitutes a valid and perfected first lien in and to the Collateral.

  • The Borrower has Defensible Title to the Borrower Property and good and marketable title to the Collateral, free and clear of all mortgages, security interests, liens and encumbrances, except Permitted Interests.

  • Mortgagor has, and Mortgagor covenants to maintain, good and Defensible Title (as defined in the Credit Agreement) to the fee interests in real property and the oil and gas leasehold interests comprising the Property, in each case free and clear of all liens, security interests, and encumbrances except for Permitted Interests.

Related to Permitted Interests

  • Permitted Intercompany Investments means Investments made by (a) a Loan Party to or in another Loan Party, (b) a Subsidiary that is not a Loan Party to or in another Subsidiary that is not a Loan Party and (c) a Subsidiary that is not a Loan Party to or in a Loan Party, so long as, in the case of a loan or advance made pursuant to this clause (c), the parties thereto are party to the Intercompany Subordination Agreement.

  • Permitted Intercompany Activities means any transactions between or among the Borrower and its Restricted Subsidiaries that are entered into in the ordinary course of business of the Borrower and its Restricted Subsidiaries and, in the good faith judgment of the Borrower are necessary or advisable in connection with the ownership or operation of the business of the Borrower and its Restricted Subsidiaries, including, but not limited to, (i) payroll, cash management, purchasing, insurance and hedging arrangements and (ii) management, technology and licensing arrangements.

  • Permitted Equity Interests means common stock of the Borrower that after its issuance is not subject to any agreement between the holder of such common stock and the Borrower where the Borrower is required to purchase, redeem, retire, acquire, cancel or terminate any such common stock.

  • Permitted Intercompany Advances means loans made by (a) a Loan Party to another Loan Party, (b) a Subsidiary of a Borrower that is not a Loan Party to another Subsidiary of a Borrower that is not a Loan Party and (c) a Subsidiary of a Borrower that is not a Loan Party to a Loan Party, so long as the parties thereto are party to the Intercompany Subordination Agreement.

  • Permitted Investors the collective reference to the Sponsor and its Control Investment Affiliates.

  • Permitted Investments means:

  • Related interests means the interests of a coastal State directly affected or threatened by a wreck, such as:

  • Transferred Interests has the meaning set forth in the Recitals.

  • REMIC I Interests The REMIC I Regular Interests and the Class R-I Certificates.

  • Permitted Indebtedness means, without duplication, each of the following:

  • Existing Equity Interests means any Equity Security, including all issued, unissued, authorized, or outstanding shares of capital stock and any other common stock, preferred stock, limited liability company interests, and any other equity, ownership, or profit interests of Mariposa Intermediate, including all options, warrants, rights, stock appreciation rights, phantom stock rights, restricted stock units, redemption rights, repurchase rights, convertible, exercisable, or exchangeable securities, or other agreements, arrangements, or commitments of any character relating to, or whose value is related to, any such interest or other ownership interest in Mariposa Intermediate, whether or not arising under or in connection with any employment agreement and whether or not certificated, transferable, preferred, common, voting, or denominated “stock” or a similar security.

  • Excluded Equity Interests means, collectively: (i) any Equity Interests in any Subsidiary with respect to which the grant to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of a security interest in and Lien upon, and the pledge to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of, such Equity Interests, to secure the Obligations (and any guaranty thereof) are validly prohibited by Requirements of Law; (ii) any Equity Interests in any Subsidiary with respect to which the grant to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of a security interest in and Lien upon, and the pledge to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of, such Equity Interests, to secure the Obligations (and any guaranty thereof) require the consent, approval or waiver of any Governmental Authority or other third party and such consent, approval or waiver has not been obtained by Borrower following Borrower’s commercially reasonable efforts to obtain the same; (iii) any Equity Interests in any Subsidiary that is a non-Wholly-Owned Subsidiary that the grant to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of a security interest in and Lien upon, and the pledge to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, of, such Equity Interests, to secure the Obligations (and any guaranty thereof) are validly prohibited by, or would give any third party (other than Borrower or an Affiliate of Borrower) the right to terminate its obligations under, the Operating Documents or the joint venture agreement or shareholder agreement with respect to, or any other contract with such third party relating to such non-Wholly-Owned Subsidiary, including any contract evidencing Indebtedness of such non-Wholly-Owned Subsidiary (other than customary non-assignment provisions which are ineffective under Article 9 of the Code or other Requirements of Law), but only, in each case, to the extent, and for so long as such Operating Document, joint venture agreement, shareholder agreement or other contract is in effect; (iv) any Equity Interests in any other Subsidiary with respect to which, Borrower and the Collateral Agent reasonably determine by mutual agreement that the cost (including Tax costs) of granting the Collateral Agent, for the benefit of Lenders and the other Secured Parties, a security interest in and Lien upon, and pledging to the Collateral Agent, for the benefit of Lenders and the other Secured Parties, such Equity Interests, to secure the Obligations (and any guaranty thereof) are excessive, relative to the value to be afforded to the Secured Parties thereby.

  • Permitted Investment means an Investment by the Company or any Restricted Subsidiary in:

  • Permitted Debt means any Financial Indebtedness:

  • Permitted Existing Investments means the Investments of the Company and its Subsidiaries identified as such on Schedule 1.1.2 to this Agreement.

  • Allocated interests means the following interests allocated to each unit:

  • Contributed Interests has the meaning set forth in the recitals to this Agreement.

  • Permitted Investor means collectively, Energy Capital Partners III, LP, Energy Capital Partners III-A, LP, Energy Capital Partners III-B, LP, Energy Capital Partners III-C, LP, Energy Capital Partners-D, LP, Quantum Strategic Partners and each of their Permitted Transferees (as defined in the Investors Agreement, dated as of March 29, 2018, by and among the Parent and the other signatories thereto).

  • Subsidiary Interests means, collectively, the issued and outstanding shares of stock of the Subsidiary Debtors as of the Petition Date and any options, warrants or other contractual rights to acquire any shares of stock of the Subsidiary Debtors as of the Petition Date.

  • Permitted Instruments Any one or more of the following:

  • REMIC II Interests means, collectively, the REMIC II Regular Interests and the Class R-II Certificates.

  • Other Permitted Indebtedness means (a) accrued expenses and current trade accounts payable incurred in the ordinary course of the Borrower’s business which are not overdue for a period of more than 90 days or which are being contested in good faith by appropriate proceedings, (b) Indebtedness (other than Indebtedness for borrowed money) arising in connection with transactions in the ordinary course of the Borrower’s business in connection with its securities transactions, derivatives transactions, reverse repurchase agreements or dollar rolls to the extent such transactions are permitted under the Investment Company Act and the Borrower’s Investment Policies (after giving effect to any Permitted Policy Amendments), provided that such Indebtedness does not arise in connection with the purchase of Portfolio Investments other than Cash Equivalents and U.S. Government Securities and (c) Indebtedness in respect of judgments or awards that have been in force for less than the applicable period for taking an appeal so long as such judgments or awards do not constitute an Event of Default under clause (l) of Article VII.

  • Permitted Dispositions means each of the following:

  • Preferred Interests means, with respect to any Person, Equity Interests issued by such Person that are entitled to a preference or priority over any other Equity Interests issued by such Person upon any distribution of such Person’s property and assets, whether by dividend or upon liquidation.

  • New Equity Interests means the limited liability company

  • Permitted Distributions means the following Distributions: