Permitted Security Interests definition

Permitted Security Interests means (i) any Security Interest for taxes, assessments or governmental charges or levies which relate to obligations not yet due and delinquent, (ii) easements, servitudes, encroachments and other minor imperfections of title which do not, individually or in the aggregate, detract from the value of or impair the use or marketability of any real property, and (iii) undetermined or inchoate Security Interests arising or potentially arising under statutory provisions which have not at the relevant time been filed or registered in accordance with applicable laws or of which written notice has not been given in accordance with applicable laws;

Permitted Security Interests means, in relation to the Ship, any Security Interest over it which is:

Permitted Security Interests means, in relation to any Mortgaged Ship, any Security Interest over it which is:

Examples of Permitted Security Interests in a sentence

• There are no Security Interests on any of the property purported to be owned by any Covered Person, including the Collateral, except Permitted Security Interests.

• Except for Permitted Security Interests, no Obligor will grant or allow to exist any Security Interest over any Charged Property.

• None of the Borrowers shall create, assume or permit to exist any Security Interest whatsoever upon any of its properties or assets, whether now owned or hereafter acquired, except for Permitted Security Interests.

• As at the Initial Issue Date, there is no Security Interest on the Equipment or any of its present or future revenues or assets other than Permitted Security Interests.

• None of the Guarantors shall create, assume or permit to exist any Security Interest whatsoever upon any of its properties or assets, whether now owned or hereafter acquired, except for Permitted Security Interests.

More Definitions of Permitted Security Interests

Permitted Security Interests has the meaning set forth in Section 4.11.

Permitted Security Interests means any:

Permitted Security Interests means, in relation to any Charged Property, any Security Interest over it which is:

Permitted Security Interests means any Security Interest which is:

Permitted Security Interests amend limb (oo) of the definition of “Permitted Security Interest” to delete “€250,000,000” and to replace it with ‘”€300,000,000”.

Permitted Security Interests means (i) Security Interests for current real or personal property Taxes that are not yet due and payable, (ii) workers’, carriers’ and mechanics’ or other similar Security Interests incurred in the Ordinary Course of Business, none of which relate to any disputed matter, liability or obligation, and (iii) Security Interests that are immaterial in character, amount and extent and that do not materially detract from the value or materially interfere with the current or currently proposed use of the properties they affect.

Permitted Security Interests means the Security Interests detailed in Schedule 1.28 attached hereto;