Permitted Liens
Permitted Liens. (i) liens, if any, securing the Loan, and (ii) liens for taxes and other statutory liens, and similar liens arising out of operation of law so long as the obligations secured thereby are not past due or are being contested and the proceedings contesting such obligations have the effect of preventing the forfeiture or sale of the property subject to such lien.
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Crypto Co contract
Permitted Liens. All liens (a) granted under that certain Second Amended and Restated Security Agreement by Titan CNG LLC, Titan El Toro LLC, Titan Diamond Bar LLC, Titan Blaine LLC, and the Company, (b) granted in connection with that certain Agreement and Plan of Securities Exchange, dated January 11, 2017, by and among EVO CNG, LLC, Environmental Alternative Fuels, LLC, Danny R. Cuzick, Damon R. Cuzick, Theril H. Lund, Thomas J. Kiley and the Company and the transactions contemplated thereby, and (c) granted...
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Permitted Liens. Shall mean all (i) all existing liens on the assets of the Borrower in effect as of the date hereof, and (ii) all purchase money security interests hereinafter incurred by the Borrower in the ordinary course of business.
Found in
Vynleads, Inc. contract
Permitted Liens. Means (a) Liens securing the Secured Convertible Notes; (b) Liens securing Indebtedness permitted pursuant to Section 8.2(b)(iii) below; (c) Liens securing the payments of taxes, assessments and governmental charges or levies that are not delinquent; (d) bankers Liens', rights of setoff and similar Liens incurred on deposits made in the ordinary course of business; (e) statutory liens of landlords and deposits in the ordinary course of business consistent with past practices to secure the...
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Found in
Kodiak Sciences Inc. contract
Permitted Liens. Liens solely on cash securing up to $2,500,000 of outstanding letters of credit permitted by clause (n) of the definition of 'Permitted Indebtedness', in an aggregate amount of cash not to exceed 105% of the undrawn amount of such letters of credit.
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AERIE PHARMACEUTICALS INC contract
Permitted Liens. (a) Any liens (i) existing on the Closing Date and disclosed in writing to Lenders on or before the Closing Date (excluding liens to be satisfied with the proceeds of the Advance) or (ii) arising under this Agreement or the other Transaction Documents; (b) Liens for taxes, fees, assessments or other governmental charges or levies, either not delinquent or being contested in good faith by appropriate proceedings and for which Borrower maintains adequate reserves, provided the same have no...
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Permitted Liens. Has the meaning set forth in the Term Loan Credit Agreement (as in effect prior to the date hereof and as though continuing in effect), with the following amendments: (i) Section 7.2(g) of the Term Loan Credit Agreement referenced therein and incorporated hereby is hereby deleted and replaced with "(g) [reserved];".
Found in
Acer Therapeutics Inc. contract
Permitted Liens. Liens that would not reasonably be expected to interfere adversely with the performance by the applicable Stockholder of its obligations hereunder.
Found in
Berkeley Lights, Inc. contract
Permitted Liens. Means any liens securing the obligations under the Pledge and Security Agreement, dated as of December 23, 2019, among the Company, the subsidiaries of the Company. party thereto, TCW Asset Management Company LLC, as agent, and the various lenders from time to time party thereto (as amended, supplemented, or amended and restated through the date hereof).
Found in
ITHAX Acquisition Corp. contract
Permitted Liens. Shall have the meaning set forth in the Note.
All Definitions
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Moringa Acquisition Corp contract