Permitted Liens Definition Example with 7 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. Means (i) any Lien for taxes 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 statutory Lien arising in the ordinary course of business by operation of law with respect to a liability that is not yet due or delinquent, and (iii) any Lien created by operation of law, such as materialmen's liens, mechanics' liens and other similar liens, arising in the ordinary course of... business with respect to a liability that is not yet due or delinquent or that are being contested in good faith by appropriate proceedings. View More Arrow
Found in DUOS TECHNOLOGIES GROUP, INC. contract

Variations

Permitted Liens. Means (i) any Lien for taxes 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 statutory Lien arising in the ordinary course of business by operation of law with respect to a liability that is not yet due or delinquent, and delinquent or that is being contested in good faith for which adequate reserves have been established in accordance with GAAP, (iii) any Lien created by... operation of law, such as materialmen's liens, mechanics' liens and other similar liens, arising in the ordinary course of business with respect to a liability that is not yet due or delinquent or that are is being contested in good faith by appropriate proceedings. proceedings, (iv) Liens in favor of a landlord which (other than with respect to a security deposits) are not prior in right to the Liens of Secured Parties, (iv) Liens on Equipment having a fair market value of not more than $500,000 in the aggregate, but only if the lien constitutes a purchase money security interest incurred in connection with the purchase of such Equipment or if the Equipment is leased to the Grantor pursuant to a capital lease, (v) judgment Liens that do not result in an "Event of Default" under Section 4(a)(vii) of the Notes, and (vi) Liens securing the Company's obligations under the Transaction Documents View More Arrow
Found in Energous Corp contract
Permitted Liens. Means (i) means (a) any Lien (as defined herein) for taxes 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) (b) any statutory Lien arising in the ordinary course of business by operation of law with respect to a liability that is not yet due or delinquent, and (iii) (c) any Lien created by operation of law, such as materialmen's liens, mechanics' liens and other similar liens,... arising in the ordinary course of business with respect to a liability that is not yet due or delinquent or that are being contested in good faith by appropriate proceedings. proceedings, and (d) any Lien arising under the Transaction Documents in favor of Buyer. View More Arrow
Found in Advaxis, Inc. contract
Permitted Liens. Means means (i) any Lien for taxes 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 statutory Lien arising in the ordinary course of business by operation of law with respect to a liability that is not yet due or delinquent, and delinquent; (iii) any Lien created by operation of law, such as materialmen's liens, mechanics' liens and other similar liens, arising in the... ordinary course of business with respect to a liability that is not yet due or delinquent or that are being contested in good faith by appropriate proceedings. proceedings; (iv) Liens securing the Indebtedness expressly permitted by clause (ii) of Permitted Indebtedness; (v) Liens securing the Company's obligations under the Transaction Documents and (vi) Liens securing each Subsidiary's obligations under the Transaction Documents (including, without limitation, under the Guaranties). View More Arrow
Found in FINJAN HOLDINGS, INC. contract
Permitted Liens. Means (i) means (a) any Lien (as defined herein) for taxes 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) (b) any statutory Lien arising in the ordinary course of business by operation of law with respect to a liability that is not yet due or delinquent, and (iii) (c) any Lien created by operation of law, such as materialmen's liens, mechanics' liens and other similar liens,... arising in the ordinary course of business with respect to a liability that is not yet due or delinquent or that are being contested in good faith by appropriate proceedings. proceedings, and (d) any Lien arising under the Transaction Documents in favor of Buyer. 2 View More Arrow
Found in Digital Development Group Corp contract
Permitted Liens. Means means (i) any Lien lien for taxes 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 statutory Lien lien arising in the ordinary course of business by operation of law with respect to a liability that is not yet due or delinquent, and (iii) any Lien lien created by operation of law, such as materialmen's liens, mechanics' liens and other similar liens, arising in the... ordinary course of business with respect to a liability that is not yet due or delinquent or that are being contested in good faith by appropriate proceedings. proceedings, and (iv) liens securing the Debtor's obligations under the Purchase Agreement, this Security Agreement, the Guarantee and the Debentures. View More Arrow
Found in PEOPLES LIBERATION INC contract
Permitted Liens. Means means (i) any Lien for taxes taxes, assessments and governmental charges 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 statutory Lien arising in the ordinary course of business by operation of law with respect to a liability that is not yet due or delinquent, and (iii) any Lien created by operation of law, such as materialmen's liens, mechanics' liens and other... similar liens, arising in the ordinary course of business with respect to a liability that is not yet due or delinquent or that are being contested in good faith by appropriate proceedings. proceedings, (iv) Liens securing Permitted Indebtedness and (v) Liens securing the obligations of the Company and the Subsidiaries under the Notes. View More Arrow
Found in WORKSTREAM INC contract
Permitted Liens. Means means (i) any Lien for taxes 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 statutory Lien arising in the ordinary course of business by operation of law with respect to a liability that is not yet due or delinquent, and delinquent or that is being contested in good faith for which adequate reserves have been established in accordance with GAAP, (iii) any Lien created... by operation of law, such as materialmen's liens, mechanics' liens and other similar liens, arising in the ordinary course of business with respect to a liability that is not yet due or delinquent or that are is being contested in good faith by appropriate proceedings. proceedings, (iv) Liens on Equipment having a fair market value of not more than $450,000 in the aggregate, but only if the lien constitutes a purchase money security interest incurred in connection with the purchase of such Equipment, (vi) the Summit First Lien and (vii) Liens securing Grantor's obligations under the Guaranty. E-4 View More Arrow
Found in Aqua Metals, Inc. contract
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