Removal of Liens definition

Removal of Liens. With respect to those Liens set forth on Schedule 5.5 annexed hereto, Company shall cause such Liens to be released of record within 15 days of the Closing Date for Closing Date Mortgaged Properties (as such term is defined in subsection 4.1G); provided that Company may satisfy such requirement by causing Title Company to issue an endorsement to the Closing Date Mortgage Policy (as such term is defined in subsection 4.1G) removing the Liens set forth on Schedule 5.5 as an exception to such Title Policies within the periods set forth herein for removal of such Liens.
Sample 1

Examples of Removal of Liens in a sentence

  • The foregoing warranties shall survive any delivery, inspection, acceptance, or payment by AUAF.b. Removal of Liens: Subcontractor shall neither file nor cause to be filed any lien with respect to the work performed hereby and waives any right to file or cause such a lien to be filed.

  • Section 5.1. Reporting Requirements 28 Section 5.2. Proceeds of Bonds; Lien on Trust Estate 30 Section 5.3. Notices 30 Section 5.4. Insurance 31 Section 5.5. Payment of Taxes; Removal of Liens; Related Obligations 31 Section 5.6. Access to Offices 31 Section 5.7. Licensure; Further Assurances 31 Section 5.8. Pension Plans 32 Section 5.9. Compliance with Laws and the Law 32 Section 5.10.

  • Section 5.1. Reporting Requirements 26 Section 5.2. Proceeds of Bonds; Lien on Trust Estate 28 Section 5.3. Notices 28 Section 5.4. Insurance 29 Section 5.5. Payment of Taxes; Removal of Liens; Related Obligations 29 Section 5.6. Access to Offices 29 Section 5.7. Licensure; Further Assurances 29 Section 5.8. Pension Plans 30 Section 5.9. Compliance with Laws and the Law 30 Section 5.10.

  • Non-Controlled Person 21 ARTICLE V AFFIRMATIVE AND NEGATIVE COVENANTS OF THE AGENCY Section 5.1. Reporting Requirements 21 Section 5.2. Proceeds of Bonds; Lien on Trust Estate 22 Section 5.3. Notices 23 Section 5.4. Insurance 23 Section 5.5. Payment of Taxes; Removal of Liens; Related Obligations 23 Section 5.6. Access to Offices 24 Section 5.7. Licensure; Further Assurances 24 Section 5.8. ERISA Compliance 24 Section 5.9. Compliance with Laws 24 Section 5.10.

  • On March 31, 2005, the relationship of employee-employer-carrier existed among the parties.

  • Removal of Liens Any liens filed on the Project which are not promptly removed constitute a default.

  • Section 7.2. Right of Access to the Projects 7-1 Section 7.3. The Company to Maintain its Existence; Conditions Under Which Exceptions Permitted 7-1 Section 7.4. Further Assurances and Corrective Instruments 7-1 Section 7.5. The Issuer and Company Representatives 7-1 Section 7.6. Removal of Liens Respecting Company Payments 7-1 Section 7.7. Release and Indemnification 7-2 Section 7.8. Compliance with the Indenture 7-3 Section 7.9. Delivery of Substitute Credit 7-3 Section 7.10.

  • This clause shall become inoperative upon the allotment of funds for the total price of the work under this Subcontract except for rights and obligations then existing under this clause.

  • C.4.13 Property Mechanic’s Lien – Removal of Liens: FAA shall not own the System and shall not be responsible for any mechanics lien or stop notice placed or attempted to be placed on the System by labor or material providers.

  • Removal of Liens by Tenant- Should any lien, demand or claim be filed, Tenant shall cause it to be immediately removed.

Related to Removal of Liens

  • Permitted Existing Liens means the Liens on assets of the Borrower and its Subsidiaries identified as such on Schedule 1.1.3 to this Agreement.

  • Agent’s Liens means the Liens granted by each Loan Party or its Subsidiaries to Agent under the Loan Documents and securing the Obligations.

  • Perfection Representations means the representations, warranties and covenants set forth in Schedule 1 attached hereto.

  • Permitted Collateral Liens means any Lien on the Collateral:

  • Customary Permitted Liens means, with respect to any Person, any of the following Liens:

  • Prior Liens means Liens which, pursuant to the provisions of any Security Document, are or may be superior to the Lien of such Security Document.

  • Landlord Liens means liens on or against the Leased Property or any payment of Rent (a) which result from any act of, or any claim against, Landlord or any owner (other than Tenant) of a direct or indirect interest in the Leased Property, or which result from any violation by Landlord of any terms of this Agreement or the Purchase Agreement, or (b) which result from liens in favor of any taxing authority by reason of any tax owed by Landlord or any fee owner of a direct or indirect interest in the Leased Property; provided, however, that "Landlord Lien" shall not include any lien resulting from any tax for which Tenant is obligated to pay or indemnify Landlord against until such time as Tenant shall have already paid to or on behalf of Landlord the tax or the required indemnity with respect to the same.

  • Existing Liens means Liens on the property or assets of the Company and/or any of its Subsidiaries existing on the date of this Indenture securing Indebtedness of the Company or any of its Subsidiaries (other than Liens incurred pursuant to clause (1) of Section 4.07 hereof).

  • Excluded Appointments means those Appointments designated from time to time as "Excluded Appointments" by agreement of the parties.

  • Phone/Electronic Transaction Security Procedures means security procedures for Phone/ Electronic Transactions as provided in writing to the Underwriter.

  • Permitted Real Property Encumbrances means (i) those liens, encumbrances and other matters affecting title to any Mortgaged Property listed in the applicable title policy in respect thereof (or any update thereto) and found, on the date of delivery of such title policy to the Administrative Agent in accordance with the terms hereof, reasonably acceptable by the Administrative Agent, (ii) as to any particular real property at any time, such easements, encroachments, covenants, restrictions, rights of way, minor defects, irregularities or encumbrances on title which do not, in the reasonable opinion of the Administrative Agent, materially impair such real property for the purpose for which it is held by the mortgagor or owner, as the case may be, thereof, or the Lien held by the Administrative Agent, (iii) municipal and zoning laws, regulations, codes and ordinances, which are not violated in any material respect by the existing improvements and the present use made by the mortgagor or owner, as the case may be, of such real property, (iv) general real estate taxes and assessments not yet delinquent, and (v) such other items as the Administrative Agent may consent to.

  • Permitted Prior Liens means (1) Liens described in clauses (9), (10), (11), (13), (14), (15), (18), (21), (22), (23), (24), (25), (27), (31), (32) and (33) of the definition of "Permitted Liens," (2) Liens refinancing or replacing any of the Liens contemplated in clause (1) of this definition and (3) Liens that arise by operation of law and are not voluntarily granted, to the extent entitled by law to priority over the security interests created by the Security Documents or the Xxxxxx Security Documents, as applicable.

  • First Priority Liens means all Liens that secure the First Priority Lien Obligations.

  • Permitted Priority Liens means Liens permitted under any of the clauses (b), (c), (d), (e), (f) or (i) of Section 9.02.

  • 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 Liens means, with respect to any Person:

  • Excluded Perfection Assets means, collectively:

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

  • Lessor Liens means any Lien or disposition of title or interest arising as a result of (i) claims against Lessor, First Security Bank, National Association, in its individual capacity, or the Owner Participant not related to the transactions contemplated by the Operative Documents, (ii) any act or omission of the Owner Participant, Lessor, or First Security Bank, National Association, in its individual capacity, which is not related to the transactions contemplated by the Operative Documents or is in violation of any of the terms of the Operative Documents, (iii) claims against the Owner Participant, Lessor, or First Security Bank, National Association, in its individual capacity, with respect to Taxes or Expenses against which Lessee is not required to indemnify the Owner Participant, Lessor or First Security Bank, National Association, in its individual capacity, pursuant to Section 7 of the Participation Agreement or (iv) claims against Lessor or the Owner Participant arising out of any transfer by Lessor or the Owner Participant of all or any portion of the respective interests of Lessor or the Owner Participant in the Aircraft, the Trust Estate or the Operative Documents other than the transfer of possession of the Aircraft by Lessor pursuant to this Agreement, the transfer pursuant to the Trust Indenture or a transfer of the Aircraft pursuant to Section 9, 10 or 19 hereof or pursuant to the exercise of the remedies set forth in Section 15 hereof, provided, however, that any Lien which is attributable solely to First Security Bank, National Association or the Owner Participant and would otherwise constitute a Lessor Lien hereunder shall not constitute a Lessor Lien hereunder so long as (1) the existence of such Lien poses no material risk of the sale, forfeiture or loss of the Aircraft, (2) the existence of such Lien does not interfere in any way with the use, possession, operation, or quiet enjoyment of the Aircraft by Lessee (or any Sublessee), (3) the existence of such Lien does not affect the priority or perfection of, or otherwise jeopardize, the Lien of the Trust Indenture, (4) First Security Bank, National Association or the Owner Participant, as appropriate, is diligently contesting such Lien and (5) the existence of such Lien does not pose a material threat of interference with the payment of Rent (other than Excluded Payments in favor of First Security Bank, National Association or the Owner Participant, as appropriate).

  • Security Procedures means rules and regulations governing access to, and health and safety procedures while on, Government premises; and information technology security protocols;

  • Contested Collateral Lien Conditions means, with respect to any Permitted Lien of the type described in clauses (a), (b), (e) and (f) of Section 6.02, the following conditions:

  • DIP Financing Liens has the meaning assigned to such term in Section 2.05(b).