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 or leasehold interests in, as the case may be, 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 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 has the meaning given to such term in Section 3.5.
Permitted Personal Property Encumbrances means those Encumbrances described on Schedule 3.11 as being Permitted Personal Property Encumbrances;
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 those Encumbrances described in Schedule 3.11 that Buyer elects to assume or take title to the Assets subject to at Closing; Permitted Real Property Encumbrances: those Encumbrances described in Schedule 3.12 that Buyer elects to assume or take title to the Real Property subject to at Closing, including utility easements and other customary covenants and restrictions of record that do not adversely affect the ownership of the Real Property or the conduct of the Hospital Businesses; Person: any individual, company, body corporate, association, partnership, firm, joint venture, trust, trustee or Governmental Authority; Prohibited Transaction: defined in section 406 of ERISA and section 4975 of the Code;
Permitted Personal Property Encumbrances means, with respect to any personal property present at or used in connection with the operation of any Facility, the liens and security interests created under the Omega Loan Documents, and any other liens, security interests or encumbrances affecting such personal property that are permitted under the Omega Loan Documents, including, without limitation, the Amended Facility Leases (but specifically excluding, without limitation, any security interests and liens arising by, through or under any Mariner Entity which secures the debtor-in-possession financing that has been approved by order of the Court).