Statutory Liens definition

Statutory Liens has the meaning set forth in Section 7.3.

Statutory Liens has the meaning set forth in Section 4.2(e).

Statutory Liens has the meaning specified in Section 8.01(b).

Examples of Statutory Liens in a sentence

• Avoidance Powers -- Preferences, Statutory Liens, Postposition Transactions, Preferential Offsets, Limitations 59.

• Content of Statutory Liens) Article 303 The holder of a statutory lien has the rights to have that holder's own claim satisfied prior to other obligees out of the assets of the relevant obligor in accordance with the provisions of laws including this Act.

• Notwithstanding anything to the contrary set forth in this Section 9.02, in no event shall any Credit Party create, incur, assume or suffer to exist any Lien (other than Canadian Statutory Liens, Liens in favor of the Collateral Agent pursuant to the Credit Documents and Liens described in Section 9.02(w)) upon the rights of any Credit Party under any Material Contract or any accounts receivable, Collections or proceeds arising thereunder or with respect thereto.

• Statutory Liens for Medical Providers:• If perfected, must be paid from third party recovery.

• Landlord acknowledges and agrees that Tenant may convey the Tenant Personalty, including granting security interests in the Tenant Personalty, from time to time free and clear of all Statutory Liens.

More Definitions of Statutory Liens

Statutory Liens means any and all “statutory liens” as such term is defined in section 101(53) of the Bankruptcy Code.

Statutory Liens has the meaning set forth in Section 7.3. "STOCKHOLDERS" has the meaning set forth in the first paragraph of this Agreement.

Statutory Liens means (a) inchoate statutory or operators’ Liens securing obligations for labor, services, materials and supplies furnished to Mineral Interests, and (b) mechanic’s, materialmen’s, warehouseman’s, journeyman’s and carrier’s Liens and other similar Liens arising by operation of Law in the ordinary course of business, in each case relating to obligations which are more than sixty (60) days delinquent and not otherwise permitted by Section 8.7 of the Credit Agreement.

Statutory Liens means any Liens arising by operation of Applicable Laws, including, without limitation, for carriers, warehousemen, repairers’, taxes, assessments, statutory obligations and government charges and levies for amounts not yet due and payable or which may be past due but which are being contested in good faith by appropriate proceedings (and as to which there are no other enforcement proceedings or they shall have been effectively stayed).

Statutory Liens means Liens in respect of any property or assets of a Company created by or arising pursuant to any applicable legislation in favour of any Governmental Authority, including Liens arising in connection with such Company's obligation to deduct and remit employee source deductions and goods and services tax pursuant to the Income Tax Act (Canada), the Excise Tax Act (Canada), the Canada Pension Plan (Canada), the Employment Insurance Act (Canada) and any legislation similar to or enacted in replacement of the foregoing from time to time;

Statutory Liens has the meaning specified in Section 5.11(g)".

Statutory Liens means collectively the lien in favor of the Pension Benefit Guaranty Corporation created by a filing on or about July 1, 1999, in Cuyahoga County, Ohio, to secure a claim in the amount of $1,060,739.00 and any other liens in respect of which any governmental entity or agency has effected a filing at any time before the commencement of the Case. SUBORDINATED DEBT shall mean (1) the debt of the Borrower due pursuant to the Investment Agreement dated May 25, 1994 among Allied Investment Corporation, Allied Investment Corporation II, Allied Capital Corporation II, Banc One Capital Partners Corporation, and PNC Capital Corp., as amended by a First Amendment to Investment Agreement dated as of October 23, 1995 and a Second Amendment to Investment Agreement dated April 12, 1996, which has been subordinated pursuant to the Intercreditor Agreement, to the prior payment and satisfaction of the Obligations of the Borrower to the Lender, (2) such Investment Agreement, as so amended by such First Amendment to Investment Agreement dated as of October 23, 1995, and (3) the Credit Support Agreement dated as of October 23, 1995, between the Borrower and CPS Holdings, Inc. SUBSIDIARY shall mean, as to any Person, a corporation of which shares of stock having ordinary voting power (other than stock having such power only by reason of the happening of a contingency) to elect a majority of the board of directors or other managers of such corporation are at the time owned, or the management of which is otherwise controlled, directly, or indirectly through one or more intermediaries, or both, by such Person. SUPERPRIORITY CLAIM shall mean a perfected first priority claim pursuant to Section 364(c)(1) of the Bankruptcy Code. TAX LIENS shall mean the Statutory Liens. TERM LOAN shall mean each loan made (or, as the context may require, to be made) to the Borrower pursuant to Section 4, paragraph 1(a).