Permitted Liens Definition Example with 4 Variations

This page contains an example definition of Permitted Liens, followed by definitions with minor variations. You can view the differences between the example and variations by selecting the "Show Differences" option.
Permitted Liens. Shall mean (a) Liens for taxes and assessments or governmental charges or levies not at the time due or in respect of which the validity thereof shall currently be contested in good faith by appropriate proceedings; (b) Liens in respect of pledges or deposits under workmen's compensation laws or similar legislation, carriers', warehousemen's, mechanics', laborers' and material mens' and similar Liens, if the obligations secured by such Liens are... not then delinquent or are being contested in good faith by appropriate proceedings; and (c) Liens incidental to the conduct of the business of the Company that were not incurred in connection with the borrowing of money or the obtaining of advances or credits and which do not in the aggregate materially detract from the value of its property or materially impair the use made thereof by the Company in its business. View More Arrow
Found in FORCE MINERALS CORP contract

Variations

Permitted Liens. Shall shall mean (a) Liens for taxes and assessments or governmental charges or levies not at the time due or in respect of which the validity thereof shall currently be contested in good faith by appropriate proceedings; (b) Liens in respect of pledges or deposits under workmen's workers' compensation laws or similar legislation, carriers', warehousemen's, mechanics', laborers' and material mens' materialmen's and similar Liens, if the obligations secured by such Liens are not then delinquent... or are being contested in good faith by appropriate proceedings; and (c) Liens incidental to the conduct of the business of the Company that or any Subsidiary which were not incurred in connection with the borrowing of money or the obtaining of advances or credits and which do not in the aggregate materially detract from the value of its property or materially impair the use made thereof by in the Company in operation of its business. 12 View More Arrow
Found in Rim Semiconductor CO contract
Permitted Liens. Shall shall mean (a) Liens for taxes Taxes and assessments or governmental charges or levies not at the time due or in respect of which the validity thereof shall currently be contested in good faith by appropriate proceedings; (b) Liens in respect of pledges or deposits under workmen's compensation laws or similar legislation, carriers', warehousemen's, mechanics', laborers' and material mens' laborers', materialmen's and similar Liens, if the obligations secured by such Liens are not then... delinquent or are being contested in good faith by appropriate proceedings; and (c) Liens incidental to the conduct of the business of the Company or Parent, as appropriate, that were not incurred in connection with the borrowing of money or the obtaining of advances or credits and which do not in the aggregate materially detract from the value of its property or materially impair the use made thereof by the Company or Parent, as appropriate, in its business. 37 View More Arrow
Found in HealthWarehouse.com, Inc. contract
Permitted Liens. Shall shall mean (a) Liens liens for taxes and assessments or governmental charges or levies not at the time due or in respect of which the validity thereof shall currently be contested in good faith by appropriate proceedings; and (b) Liens liens in respect of pledges or deposits under workmen's worker's compensation laws or similar legislation, carriers', warehousemen's, mechanics', laborers' and material mens' materialmen's, landlord's and statutory and similar Liens, liens, if the... obligations secured by such Liens liens are not then delinquent or are being contested in good faith by appropriate proceedings; faith, and (c) Liens liens and encumbrances incidental to the conduct of the business of the Company that or any Subsidiary which were not incurred in connection with the borrowing of money or the obtaining of advances or credits and which do not in the aggregate materially detract from the value of its property or materially impair the use made thereof by in the Company in operation of its business. View More Arrow
Found in Bio-Techne contract
Permitted Liens. Shall shall mean (a) Liens liens for taxes and assessments or governmental charges or levies not at the time due or in respect of which the validity thereof shall currently be contested in good faith by appropriate proceedings; and (b) Liens liens in respect of pledges or deposits under workmen's worker's compensation laws or similar legislation, carriers', warehousemen's, mechanics', laborers' and material mens' materialmen's, landlord's and statutory and similar Liens, liens, if the... obligations secured by such Liens liens are not then delinquent or are being contested in good faith by appropriate proceedings; faith, and (c) Liens liens and encumbrances incidental to the conduct of the business of the Company that or any Subsidiary which were not incurred in connection with the borrowing of money or the obtaining of advances or credits and which do not in the aggregate materially detract from the value of its property or materially impair the use made thereof by in the Company in operation of its business. View More Arrow
Found in LIFE TIME FITNESS, INC. contract
All Definitions