Qualified Permitted Liens definition

Qualified Permitted Liens as defined in the Pledge Agreement.
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Qualified Permitted Liens means Liens, to the extent constituting Permitted Liens under clauses (a), (b), (c), (h), (o) or (r) of the definition of Permitted Liens.
Sample 1
Qualified Permitted Liens means Permitted Liens arising automatically by operation of law, Liens in favor of Collateral Agent securing the Secured Obligations and Liens arising on the Capital Stock of Qualified Entities as a result of the Pledge Restrictions.
Sample 1

Examples of Qualified Permitted Liens in a sentence

  • The Credit Parties shall not, and shall not permit any of their respective Subsidiaries to, create any Lien on any of the Pledged Capital Stock constituting Collateral or on the Capital Stock of any Subsidiary of Parent owning all or any portion of the Pledged Capital Stock, except for Qualified Permitted Liens.

Related to Qualified Permitted Liens

  • Permitted Liens means, with respect to any Person:

  • Permitted Encumbrances means:

  • Liens means a lien, charge, pledge, security interest, encumbrance, right of first refusal, preemptive right or other restriction.

  • Permitted Encumbrance means, with respect to any Mortgaged Property, such exceptions to title as are set forth in the Mortgage Policy delivered with respect thereto, all of which exceptions must be acceptable to the Administrative Agent in its reasonable discretion.

  • Permitted Lien means the individual and collective reference to the following: (a) Liens for taxes, assessments and other governmental charges or levies not yet due or Liens for taxes, assessments and other governmental charges or levies being contested in good faith and by appropriate proceedings for which adequate reserves (in the good faith judgment of the management of the Company) have been established in accordance with GAAP, (b) Liens imposed by law which were incurred in the ordinary course of the Company’s business, such as carriers’, warehousemen’s and mechanics’ Liens, statutory landlords’ Liens, and other similar Liens arising in the ordinary course of the Company’s business, and which (x) do not individually or in the aggregate materially detract from the value of such property or assets or materially impair the use thereof in the operation of the business of the Company and its consolidated Subsidiaries or (y) are being contested in good faith by appropriate proceedings, which proceedings have the effect of preventing for the foreseeable future the forfeiture or sale of the property or asset subject to such Lien and (c) Liens incurred in connection with Permitted Indebtedness.