Permitted Liens

Permitted Liens. Means (a) Liens for taxes not yet delinquent or Liens for taxes being contested in good faith and by appropriate proceedings for which adequate reserves have been established, (b) purchase money Liens incurred in connection with the acquisition of any Collateral in the ordinary course of business, (c) licenses of intellectual property in connection with joint ventures and other strategic transactions, (d) leases entered into in the ordinary course of business, and (e) Liens in favor of Secured... Party. View More

Permitted Liens. (a) mechanics', materialman's, workmens', repairmens', warehousemen's, supplier's, vendor's, carrier's and other similar Liens arising or incurred in the ordinary course of business by operation of Law securing amounts that are not yet due and payable, (b) Liens for Taxes, assessments and other charges of Governmental Authorities not yet due and payable, (c) Liens arising under original purchase price conditional sales Contracts and equipment leases with third parties, (d) pledges or deposits... to secure obligations under workers or unemployment compensation Laws or to secure other statutory obligations, (e) easements, covenants, conditions and restrictions of record affecting title to the Leased Real Property which do not or would not materially impair the use or occupancy of any Leased Real Property in the operation of the business conducted thereon as of the date of this Agreement, and (f) any zoning, or other governmentally established restrictions of encumbrances View More

Permitted Liens. Shall mean each of the following as are immaterial, individually or in the aggregate, in amount and would not impair the ownership or use of the Purchased Assets: (a) liens for current Taxes not yet due and payable or that are being contested in good faith by appropriate proceedings; (b) deposits or pledges made in connection with, or to secure payment of, workers' compensation, unemployment insurance or similar programs mandated by applicable Law or governmental regulations; and (c) statutory... or common Law liens in favor of carriers, warehousemen, mechanics and materialmen, to secure claims for labor, materials or supplies, and other like liens. View More

Permitted Liens. Means (a) Liens for taxes, assessments and other governmental charges or levies not yet delinquent or Liens for taxes, assessments and other governmental charges or levies being contested in good faith and by appropriate proceedings for which adequate reserves have been established, (b) Liens in favor of Secured Party under this Agreement or arising under the other Transaction Documents or prior agreements between Debtor and Secured Party, (c) a Lien in the amount of up to $1,000,000.00 in... favor of Pioneer Pharma (Hong Kong) Company Limited (such Lien, the "First Lien"), (d) Liens securing the claims of materialmen, mechanics, carriers, warehousemen or landlords for labor, materials, supplies or rentals incurred in the ordinary course of business, (e) Liens which constitute purchase money security interests or arise in connection with capitalized leases (and attaching only to the property being purchased or leased) and (f) other Liens junior to the Liens in favor of Secured Party. View More

Permitted Liens. (i) warehousemen’s, mechanics’, carriers’ and other similar liens arising by operation of law in the ordinary course of the Borrower’ business, (ii) liens in favor of the Senior Lender and Subordinated Lender, and (iii) purchase money security interests (or capital leases) in tangible personal property purchased or leased, where the security interest covers only such property and secures only the cost thereof

Permitted Liens. (i) Liens imposed by law, such as carriers', warehousemen's, materialmen's and mechanics' liens, or Liens arising out of judgments or awards against Borrower with respect to which Borrower at the time shall currently be prosecuting an appeal or proceedings for review; (ii) Liens for taxes not yet subject to penalties for nonpayment and Liens for taxes the payment of which is being contested in good faith and by appropriate proceedings and for which, to the extent required by generally accepted... accounting principles then in effect, proper and adequate book reserves relating thereto are established by Borrower; (iii) purchase money security interests and Liens in connection with capital leases incurred in the ordinary course of business (to the extent such Liens are only on the leased property) or existing on after acquired property at the time of its acquisition by the Borrower; (iv) the Liens set forth on Schedule 2 hereto; and (v) leases and sublicenses of (but not security interests in) Borrower's property granted to others in the ordinary course of business View More

Permitted Liens. Means (i) mechanics', materialmen's and similar liens, (ii) liens for taxes not yet due and payable or for taxes that the taxpayer is contesting in good faith through appropriate proceedings, (iii) purchase money liens and liens securing rental payments under capital lease arrangements, (iv) other liens arising in the ordinary course of business and not incurred in connection with the borrowing of money, (v) any mortgage, pledge, lien, encumbrance, charge or other security interest arising... prior to the date of this Agreement, or (vi) leases and licenses in the ordinary course of business. View More

Permitted Liens. (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 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; (iii) 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 any Lien constituting a renewal, extension or replacement thereof; (iv) pledges or deposits by the Company under worker's compensation laws, unemployment insurance laws or similar legislation; (v) existing Liens described in the Company's publicly available reports filed pursuant to the 1934 Exchange Act; or (vi) any Lien to secure obligations in respect of the Senior Debt up to $10,000,000 View More

Permitted Liens. (a) warehousemen's, mechanics', carriers' and other similar liens arising by operation of law in the ordinary course of Debtor's businesses; (b) liens in favor of the Secured Parties; and (c) purchase money security interests in tangible personal property purchased or leased by Debtor where the security interest covers only such property and secures only the cost thereof and which do not exceed $100,000 in the aggregate at any time.