Vendor Liens definition
Vendor Liens means the security interests granted to the Vendors in the assets of the Seller and its direct and indirect Subsidiaries related to the East Asia Crossing Cable System, including, without limitation, in the equity securities of the Seller's direct and indirect Subsidiaries that were pledged to the Vendors or their agents as security for the obligations of the Seller and EAC under the Vendor Contracts.
Vendor Liens means existing Liens which encumber real property interests acquired by the Company or any Guarantor prior to the Issue Date for the purpose of securing a portion of the purchase price for such property.
Examples of Vendor Liens in a sentence
The Shares and the Indirect Interests constitute all of the issued and outstanding capital stock of the Acquired Subsidiaries (except the JVs) and are owned of record and beneficially by the Seller or its Acquired Subsidiaries free and clear of all Encumbrances (except the Vendor Liens).
The JV Shares represent the percentage of the outstanding capital stock or other equity interests and the number of such interests of each JV set forth next to such JV's name on Attachment A to Schedule 2.01(a) and are owned of record and beneficially by the Seller or one of its Subsidiaries, free and clear of all Encumbrances (except the Vendor Liens).