Permitted Encumbrances

Permitted Encumbrances. Means: (i) Encumbrances for taxes not yet delinquent; (ii) lessors' royalties, overriding royalties, reversionary interests and other lease burdens that, do not operate to reduce the net revenue interest of Seller in any of the Assets to less than 80%, prior to giving effect to the carried working interest conveyed to Seller at the Closing; 14 Table of Contents (iii) rights of way and other agreements of a similar nature relating to or restricting use... on, over or in respect of the Assets that do not have a material adverse effect on the ownership, use, operation or value of such Assets; (iv) preferential rights to purchase which, prior to Closing, have either expired or have been waived by the holders thereof to the extent such rights affect the Assets; (v) those governmental consents customarily generated and received in the ordinary course of business at a post-Closing date; (vi) such title defects or other deficiencies or irregularities waived by Buyer in writing; (vii) any Encumbrance on or affecting the Assets that is discharged by Seller at or prior to the Closing; (viii) Rights reserved to or vested in any governmental subdivision, political entity or public authority to control or regulate the Assets in any manner, and all applicable laws, rules and orders of such subdivisions, entities and authorities, provided that such governmental rights, laws, rules and orders do not have a material adverse effect on the ownership, use, operation or value of such Assets; and (ix) all other liens, charges, encumbrances, defects or irregularities that do not, individually or in the aggregate, materially interfere with the use or ownership of the Assets subject thereto or affected thereby (as currently used or owned), which would be accepted by a reasonably prudent purchaser engaged in the business of owning and operating oil and gas properties similar to the Assets. View More

Permitted Encumbrances. Shall mean the Security Interests and other matters affecting Borrower's title to the Land listed on Schedule B attached hereto and incorporated herein by reference

Permitted Encumbrances. (i) Liens, or deposits made to secure the release of such Liens, securing taxes, the payment of which is not delinquent or the payment of which is actively being contested in good faith by appropriate proceedings diligently pursued; (ii) zoning laws generally applicable to the districts in which the Property is located; (iii) easements for public utilities, encroachments, rights of access and/or other non-monetary matters that do not materially interfere with the use of the Property; (iv) Liens... securing any financing or credit arrangements existing as of the Closing Date and assumed by the Operating Partnership; (v) Liens arising under leases entered into in the ordinary course of business; (vi) any exceptions contained in the title policies relating to the Property made available to the Company and the Operating Partnership at or prior the date hereof that do not materially detract from the value or the marketability of the Property or the ability of the Property to be financed; (vii) the Liens of all documents related to the Existing Loans and (viii) any matters that would not have a Material Adverse Effect View More

Permitted Encumbrances. (i) liens for taxes not yet delinquent, (ii) lessors' royalties, overriding royalties, division orders, reversionary interests, and similar burdens that do not operate to reduce the net revenue interests of Altpoint or its immediate predecessor in any of the Oil and Gas Properties to less than the amount set forth therefor in Exhibit 1, (iii) the consents and rights described in Exhibit 3, (iv) the Contracts, (v) except to the extent any amounts related thereto are due and payable, any mechanic... and materialmen, operator, non-operator, contractor and subcontractor or similar liens created by the Contracts or operation of law, and (vi) the liens created by the documents contemplated hereby, if any View More

Permitted Encumbrances. The Encumbrances listed in Schedule E hereto

Permitted Encumbrances. (i) easements, rights of way, servitudes or other similar rights in lands which do not either alone or in the aggregate, materially detract from the value of the Transferred Assets or materially impair their use; (ii) the right reserved to or vested in any government or other public authority by the terms of any statutory provision, to terminate any Documents of Title or to require annual or other periodic payments as a condition of the continuance thereof; (iii) the right reserved to any... governmental authority to levy taxes on Leased Substances or the income or revenue therefrom and governmental requirements as to production rates on the operations of any property; (iv) rights reserved to or vested in any municipality or governmental, statutory or public authority to control or regulate any of the Transferred Assets in any manner, and all applicable laws, rules and orders of any governmental authority; (v) liens for taxes, assessments or governmental charges, which are not due or which are not delinquent; (vi) mechanics', builders' or materialmen's liens in respect of services rendered or goods supplied for which payment is not due as of the Closing Date; (vii) the reservations, limitations, provisos and conditions in any original grants from the State of any of the Lands or interests therein and statutory exceptions to title; (viii) the terms and conditions of the Documents of Title set forth in Schedule 1; and (ix) such royalty burdens, penalties and other encumbrances as are set forth in Schedule 1 View More

Permitted Encumbrances. Has the meaning specified therefor in the Purchase Agreement

Permitted Encumbrances. Any of the following: (i) any liens for Taxes and assessments not yet delinquent or, if delinquent, that are being contested in good faith in the Ordinary Course and the Party contesting such assessments indemnifies the Party taking the property subject to such lien from such lien and such contest; (ii) any inchoate liens or other encumbrances (other than mechanic's, materialmen's and similar liens) and any other defect in title created pursuant to any operating, farmout, construction,... operation and maintenance, co-owners, cotenancy, lease or similar agreements listed on SCHEDULE 1(b) for which amounts are not due; and (iii) easements, rights-of-way, restrictions and other similar Encumbrances incurred in the Ordinary Course which, in the aggregate, are not substantial in amount and which do not in any case materially detract from the value of the property subject thereto as it is currently being used or materially interfere with the Ordinary Course conducted thereon. View More

Permitted Encumbrances. Means any "Senior Lien" (as defined in the Senior Lender Intercreditor Agreement), any "Junior Lien" (as defined in the Junior Lender Intercreditor Agreement), Liens permitted under any "Senior Indebtedness" (as defined in the Senior Lender Intercreditor Agreement) or otherwise consented to by the "Senior Agent" (as defined in the Senior Lender Intercreditor Agreement), and purchase money Liens against assets other than Portfolios.

Permitted Encumbrances. (a) those covenants, restrictions, reservations, liens, conditions and easements and other encumbrances listed on Exhibit "C" hereto (but such listing shall not be deemed to revive any such encumbrances that have expired or terminated or are otherwise invalid or unenforceable) and (b) the agreement of Tenant in favor or Silicon Valley Bank ("SVB") not to encumber Tenant's interest in any of Tenant's real property, as set forth in that certain Amended and Restated Loan and Security Agreement,... dated as of September 16, 2005, between Tenant and SVB View More