Permitted Lien
Permitted Lien. Shall mean the existing Lien on a certificate of deposit owned by Borrowers, in a face amount not to exceed at any time $3,100,000, plus accrued interest, which certificate of deposit secures the Existing Secured Debt.
Found in
GT Biopharma, Inc. contract
Permitted Lien. Is amended to move the word "and" from immediately prior to clause (k) to immediately after clause (k) and to insert thereafter a new clause (l) to read as follows: (l) Liens on assets of Mortgage Banking Subsidiaries securing obligations of Mortgage Banking Subsidiaries.
Found in
Lennar Corp. contract
Permitted Lien. Shall mean: (i) Liens for taxes or assessments and similar charges, which either are not delinquent or being contested diligently and in good faith by appropriate proceedings, and as to which Borrower has set aside adequate reserves on its books; (ii) statutory Liens, such as mechanic's, materialman's, warehouseman's, carrier's or other like Liens incurred in good faith in the ordinary course of business; (iii) zoning ordinances, easements, licenses, reservations, provisions, covenants,...
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HKN, Inc. contract
Permitted Lien. Shall have the meaning ascribed to such term in the Debenture.
Permitted Lien. Shall have the meaning assigned to such term in the Purchase Agreements.
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InsPro Technologies Corp contract
Permitted Lien. As of any particular time with respect to the Company and each of its direct and indirect Subsidiaries, (i) Liens of taxes, assessments or other charges of a Governmental Authority not then delinquent or which are being contested in good faith by appropriate proceedings, (ii) Liens in favor of the Lender created pursuant to the Transaction Documents, (iii) any mechanic's, worker's, repairer's, supplier's, vendor's or like Liens securing obligations arising in the ordinary course of business (A)...
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NanoVibronix, Inc. contract
Permitted Lien. (i) any liens arising under Grantor's Senior Credit Facility; (ii) purchase money security interests to secure purchase money indebtedness of Grantor, so long as such security interests arise or are created (A) in the ordinary course of business and consistent with past practices and (B) substantially contemporaneously with the purchase or acquisition by Grantor of the respective property or assets to which such security interests relate and the incurrence of the respective purchase money...
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DETERMINE, INC. contract
Permitted Lien. Any: (a) Lien for any tax, assessment or other governmental charge that is not yet due and payable or that may thereafter be paid without penalty; or (b) mechanic's, materialmen's, landlord's or similar Lien arising or incurred in the ordinary course of business of the applicable Person that secures any amount that is not overdue; or (c) any license to intellectual property rights
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Arog Pharmaceuticals, Inc. contract
Permitted Lien. Any lien for Taxes, governmental charges or levies not yet due or delinquent or being contested in good faith by appropriate proceedings for which adequate reserves have been established in accordance with GAAP, (ii) any imperfections of title, easements, rights of way or similar liens, zoning laws or land use restrictions as normally exist with respect to property similar in character to the property affected thereby and which individually or in the aggregate with other such liens, zoning laws...
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Starco Brands, Inc. contract
Permitted Lien. Any (i) Lien arising under this Agreement and (ii) any applicable restrictions on transfer under the Securities Act of 1933
All Definitions
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Global Payments Inc. contract