Permitted Real Property Liens definition
Permitted Real Property Liens shall have the meaning set forth in Section 4.10(a).
Permitted Real Property Liens means with respect to any Real Property (including any Gathering System Real Property), the Liens and other encumbrances described in clauses (a), (b), (c), (d), (e), (h), (i), (j), (k), (l), (u), (v), (w), (x), (z), (aa), (bb), (dd), (gg) or (hh) of Section 6.02.
Permitted Real Property Liens means (a) all Liens for Taxes, assessments, both general and special, and other governmental charges that are not yet due and payable and (b) all building codes, zoning ordinances, land use, environmental and other Laws.
Examples of Permitted Real Property Liens in a sentence
At Closing, Buyer will receive good and marketable title to all the Purchased Assets, free and clear of all Liens of any nature whatsoever except those described in Schedule 5.9(a) of the Disclosure Schedule and Permitted Real Property Liens which Buyer has agreed to assume.
The Menlo Real Property Leases are valid, binding, and in full force and effect and free and clear of all Liens, other than Permitted Real Property Liens.
The Foamix Real Property Leases are valid, binding, and in full force and effect and free and clear of all Liens, other than Permitted Real Property Liens.
The Pledgor shall not file, or suffer to be on file, or authorize or permit to be filed or to be on file, in any jurisdiction, any financing statement, mortgage, deed of trust or like instrument with respect to the Collateral or any of the Properties in which the Secured Party is not named as the sole secured party, mortgagee or beneficiary other than Permitted Real Property Liens.
The Pledgor shall not enter into, permit to exist, consent to or authorize any restriction with respect to the transferability of or any rights under or in respect of the Collateral or the Properties (other than Permitted Real Property Liens), or any other such asset, other than restrictions arising under the Loan Documents.
More Definitions of Permitted Real Property Liens
Permitted Real Property Liens means (i) zoning, building and other similar restrictions imposed by Law but only to the extent that the same are not materially violated by any current use, occupancy or activity conducted by the business or operations of a party or by the assets thereof, and (ii) rights, interests, Liens or titles of, or through, a lessor or sublessor under any lease, sublease or other similar agreement related to real property.
Permitted Real Property Liens means (a) mechanics’, materialmen’s or similar Liens that are inchoate and not yet enforceable and relating to Liabilities that are not yet delinquent, or the validity of which is being contested in good faith by appropriate proceedings as permitted under the terms of applicable Leases and financing documents, and for which adequate reserves have been established and maintained in accordance with GAAP; (b) Liens that are not yet enforceable for current real property Taxes and assessments not delinquent, or the validity of which is being contested in good faith by appropriate proceedings as permitted under the terms of applicable Leases and financing documents, and for which adequate reserves have been established and maintained in accordance with GAAP; and (c) other liens, easements, encumbrances, covenants, conditions and restrictions of record that are disclosed in the title insurance policies or reports and real property surveys as set forth on Section 1.1 of the Seller Disclosure Letter that, to Seller’s Knowledge, do not individually or in the aggregate adversely affect in a material respect the conduct or operation of the Business; (d) zoning and other land use Laws, and the use permits (including conditional use permits), zoning variances, and Governmental Licenses and Rights set forth on Section 4.7(k) of the Seller Disclosure Letter; (e) Third Party Leases (to the extent of the leasehold interest granted to the third party lessee pursuant to such Third Party Lease); and (f) Liens in respect of the Credit Agreement and other Indebtedness to the extent that such Liens are disclosed in Section 1.1 of the Seller Disclosure Letter; provided that Liens in respect of the Credit Agreement shall not be Permitted Real Property Liens as of or following the Closing if Purchaser has taken all necessary actions to cause and enable the Companies to satisfy all of their obligations, including repaying all outstanding amounts, under the Credit Agreement as of the Closing.
Permitted Real Property Liens. Section 4.12.(a) "Personal Property Leases" - Section 1.1.(e) "Products" - Section 4.20 "Purchased Assets" - Section 1.1 "Purchase Orders" - Section 1.1.(g) "Purchase Price" - Section 3.1 "Real Property" - Section 4.12.(c) "Real Property Leases" - Section 1.1.(b) "Recent Business Balance Sheet" - Section 3.3.(b)(i) "Sales Orders" - Section 1.1.(g) "Settlement Date" - Section 3.2.(e) "Third Accounting Firm" - Section 3.3.(b)(iii) "Trade Rights" - Section 1.1.(f) "Waste" - Section 4.11.(c) Where any group or category of items or matters is defined collectively in the plural number, any item or matter within such definition may be referred to using such defined term in the singular number.
Permitted Real Property Liens means the Liens described in clauses (a), (b), (c), (d) and (e) of the definition of “Permitted Liens”.
Permitted Real Property Liens means with respect to each parcel of Company-Owned Real Property and Company Leased Real Property (i) real estate taxes, assessments and other governmental levies, fees or charges imposed with respect to such parcel which are not yet due and payable as of the Closing Date or are being contested in good faith by appropriate Proceedings and that are appropriately reserved against on the Reference Balance Sheet;(ii) mechanics’, landlord’s, carriers’, workmens’, repairmens’ or contractors’ Liens with respect to such parcel incurred in the Ordinary Course of Business for amounts which are not, individually or in the aggregate, material to the business of the Paragon Companies; (iii) zoning, building and other land use laws imposed by any Governmental Authority having jurisdiction over such parcel that are not violated by existing structures or the ordinary conduct of the business of the Paragon Companies; (iv) easements, encroachments, covenants, conditions, restrictions and other similar matters of record affecting title to such parcel which would not materially impair the operation of the business of the Paragon Companies and do not detract materially from the use, occupancy, value or marketability of titles of the assets subject thereto; and (v) liens identified on issued title policies, title surveys or other documents or writings recorded in the public records, provided that such matters do not prohibit or restrict in any material respect the present use of the parcel.
Permitted Real Property Liens has the meaning given in Section 4.10.
Permitted Real Property Liens shall have the meaning set forth in Section 2.2 hereof.