Permitted Personal Property Encumbrances means (i) all liens for taxes and assessments not yet due and payable, (ii) liens for taxes, assessments and other charges, if any, the validity of which is being contested in good faith by appropriate action, and with respect to Seller, adequate reserves (as determined in accordance with GASB) have been established on the Seller’s books with respect thereto; (iii) liens on Personal Property listed on Schedule 4.16; and
Permitted Personal Property Encumbrances means (i) all liens for taxes and assessments not yet due and payable; (ii) liens for taxes, assessments and other charges, if any, the validity of which is being contested in good faith by appropriate action, and with respect to the Borrower, adequate reserves (as determined in accordance with GASB) have been established on the Borrower’s books with respect thereto; (iii) liens listed on Schedule 3.9 attached hereto; and (iv) any other Liens disclosed to Lender and deemed in writing by Lender to be a Permitted Personal Property Encumbrances including, without limitation, any liens on Personal Property (as defined in the Purchase Agreement) securing and subject to any purchase money indebtedness not otherwise listed on Schedule 3.9 attached hereto.
Permitted Personal Property Encumbrances means any (i) Encumbrance securing Taxes, assessments and governmental charges or levies, both general and special, that are not yet due and payable, (ii) Encumbrances imposed by Law, such as materialmen's, mechanics', carriers', workmen's and repairmen's liens and other similar Encumbrances arising in the ordinary course of business securing obligations that are not overdue, (iii) pledges or deposits made in the ordinary course of business to secure obligations under workers' compensation Laws or similar legislation or to secure public or statutory obligations; and (iv) Encumbrance that individually or in the aggregate, do not materially detract from the value of the Owned Real Property or materially interfere with the use thereof.
Examples of Permitted Personal Property Encumbrances in a sentence
At Closing, Seller will convey to Buyer good and valid title to all Assets constituting personal property (other than Assets leased pursuant to Assumed Contracts), free and clear of any Encumbrances other than the Permitted Personal Property Encumbrances.
Madison has good and marketable title in fee simple absolute to all Owned Real Property free and clear of any Encumbrances except for the Permitted Owned Real Property Encumbrances, and good title to all personal property reflected in the Madison Financial Statements as of December 31, 2004, other than personal property disposed of in the ordinary course of business since December 31, 2004 free and clear of all Encumbrances except for the Permitted Personal Property Encumbrances.
We may disclose Protected Health Information to the businessassociates that we engage to provide services on our behalf if the information is necessary for such services.
Sellers shall have delivered to Buyer UCC lien, litigation and tax searches showing all Encumbrances on the Assets, accompanied by fully executed UCC or other releases or conveyances relating to all Encumbrances that are not Permitted Real Property Encumbrances or Permitted Personal Property Encumbrances.
At Closing Seller will convey to Buyer good and valid title or leasehold title to all Assets other than the Real Property owned by Seller, free and clear of any Encumbrances other than the Permitted Personal Property Encumbrances.
More Definitions of Permitted Personal Property Encumbrances
Permitted Personal Property Encumbrances has the meaning given to such term in Section 3.5.
Permitted Personal Property Encumbrances means, (i) with respect to any personal property present at or used in connection with the operation of any Transferred Facility, any and all security interests and liens affecting such personal property other than those arising by, through or under, any SNH Entity (except that those security interests and liens arising by, through or under, any SNH Entity as a result of a Mariner Entity's failure to pay or perform any obligation required to be paid by it as lessee under the Master Lease prior to the Effective Time shall be Permitted Personal Property Encumbrances), and (ii) with respect to any personal property present at or used in connection with the operation of any Retained Facility, those security interests and liens listed in Schedule 1.1.1 attached hereto (and specifically excluding, without limitation, any security interests and liens arising by, through or under any Mariner Entity, or which has been granted by order of the Court).
Permitted Personal Property Encumbrances mean (a) Encumbrances set forth in Section 3.14 of the Disclosure Schedule, (b) mechanics’, carriers’, workmens’, repairmens’ or other like Encumbrances arising or incurred in the Ordinary Course of Business with respect to which there is no default on the part of the Company, (c) Encumbrances for Taxes and other governmental charges which are not due and payable or which may thereafter be paid without penalty, and (d) Encumbrances arising in the Ordinary Course of Business after the date of this Agreement.
Permitted Personal Property Encumbrances mean (a) except with respect to Inventory, mechanics’, carriers’, workmens’, repairmens’ or other like Encumbrances arising or incurred in the Ordinary Course of Business, and (b) Encumbrances for Taxes and other governmental charges which are not due and payable or which may thereafter be paid without penalty. (This Section 3.5 does not relate to Real Property or interests in Real Property, it being the intent of the parties that such items are the subject of Sections 3.12 and 3.13.)
Permitted Personal Property Encumbrances means (i) all liens for taxes and assessments not yet due and payable, (ii) liens for taxes, assessments and other charges, if any, the validity of which is being contested in good faith by appropriate action, and with respect to Seller, adequate reserves (as determined in accordance with GASB) have been established on the Seller’s books with respect thereto; (iii) liens on Personal Property listed on Schedule 4.16; and (iv) any other liens disclosed to Buyer and deemed in writing by Buyer to be a Permitted Execution Version US-DOCS\101960243.19
Permitted Personal Property Encumbrances means (i) all liens for taxes and assessments not yet due and payable; (ii) liens for taxes, assessments and other charges, if any, the validity of which is being contested in good faith by appropriate action, and with respect to the Borrower, adequate reserves (as determined in accordance with GASB) have been established on the Borrower’s books with respect thereto; (iii) liens listed on Schedule 3.9 attached hereto; and (iv) any other Liens disclosed to Lender and deemed in writing by Lender to be a Permitted Personal Property Encumbrances including, without limitation, any liens on Personal Property (as defined in the Purchase Agreement) securing and subject to any purchase money indebtedness not otherwise listed on Schedule 3.9 attached hereto. “Permitted Real Property Encumbrances“ shall mean (i) all liens for taxes and assessments not yet due and payable and (ii) liens for taxes, assessments and other charges, if any, the validity of which is being contested in good faith by appropriate action, and with respect to the Borrower, for which adequate reserves (as determined in accordance with GASB) have been established on Borrower’s books with respect thereto, (iii) normal easements, covenants and conditions of record and disclosed on the preliminary title report(s) obtained by Lender, (iv) those encumbrances listed on Schedule 3.9 attached hereto; and (v) any other matter disclosed to Lender and deemed in writing by Lender to be a Permitted Real Property Encumbrance.
Permitted Personal Property Encumbrances means the liens, charges, encumbrances and/or rights of others set out or referred to in Schedule 1.01(qq);