TIFIA Lien definition

TIFIA Lien means the right, pledge, charge, preference and priority with respect to the Trust Estate granted by the Borrower under the Indenture to secure the TIFIA Bond and the TIFIA Loan.
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TIFIA Lien means the right, pledge, charge, preference and priority with respect to (a) Pledged Taxes, (b) the Pledged Taxes Accounts and (c) the Pledged Accounts, in each case granted by the Borrower under the TIFIA Resolution to secure the TIFIA Bond and the TIFIA Loan and created without physical delivery, filing or any other act.
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TIFIA Lien means the right, pledge, charge, preference, and priority with respect to
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Examples of TIFIA Lien in a sentence

  • The Borrower is not in breach of any covenants set forth in Section 15(a) (Securing the TIFIA Lien) or any of the Bond Documents with respect to the matters described in such section.

  • The TIFIA Loan Documents establish, for the benefit of the ▇▇▇▇▇ ▇▇▇▇▇▇, the valid and binding TIFIA Lien on the Pledged Taxes that they purport to create, irrespective of whether any Person has notice of the pledge.

  • Such TIFIA Lien is in full force and effect and is not subordinate or junior to any other Liens in respect of the Pledged Taxes except to the extent such Pledged Taxes are pledged to Senior Obligations and to the extent such other Liens are entitled to priority as a matter of law.

  • The TIFIA Loan Documents establish, for the benefit of the TIFIA Lender, the valid and binding TIFIA Lien on the Pledged Taxes that they purport to create, irrespective of whether any Person has notice of the pledge.

  • The TIFIA Lien is valid and effective under chapter 81.112 RCW without any further action by the Borrower or any other party, and no documents or instruments are required or necessary to be recorded or filed for record in any place to establish, or maintain the validity and enforceability of, the ▇▇▇▇▇ ▇▇▇▇ to the extent contemplated by the TIFIA Refinancing Resolution.

  • The TIFIA Lien is valid and effective under chapter 81.112 RCW without any further action by the Borrower or any other party, and no documents or instruments are required or necessary to be recorded or filed for record in any place to establish, or maintain the validity and enforceability of, the ▇▇▇▇▇ ▇▇▇▇ to the extent contemplated by the TIFIA Resolution.

  • The TIFIA Lien is valid and effective under chapter 81.112 RCW without any further action by the Borrower or any other party, and no documents or instruments are required or necessary to be recorded or filed for record in any place to establish, or maintain the validity and enforceability of, the TIFIA Lien to the extent contemplated by the TIFIA MCA Master Resolution Restatement.

  • Neither the attachment, perfection, validity, enforceability or priority of the security interest in the TIFIA Lien is governed by Article 9 of the UCC.

  • Each Pledged Account is free and clear of any Lien thereon or with respect thereto, except (i) for the TIFIA Lien (with respect to the Pledged Accounts) and (ii) as may be entitled to priority as a matter of law.

  • The TIFIA Lien is in full force and effect and is not subordinate or junior to any other Liens in respect of the Pledged Taxes and the Pledged Taxes Accounts except (i) to the extent the Pledged Taxes and Pledged Taxes Accounts are pledged for the benefit of the Senior Obligations, and (ii) to the extent such other Liens are entitled to priority as a matter of law.


More Definitions of TIFIA Lien

TIFIA Lien means the right, pledge, charge, preference, and priority with respect to (a) Pledged Taxes, (b) the Pledged Taxes Accounts, and
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Related to TIFIA Lien

  • 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.

  • Valid lien means a lien that is effective against the holder of a judicial lien subsequently obtained by legal or equitable process or proceedings.

  • First Priority Lien means any Lien created by the First Priority Security Documents.

  • Priority Lien means a Lien granted by a Security Document to the Collateral Trustee, at any time, upon any property of the Company or any other Pledgor to secure Priority Lien Obligations.

  • Subject Lien shall have the meaning provided in Section 10.2(a).