Permitted Liens

Permitted Liens. Shall mean all (i) all existing liens on the assets of the Borrower which have been disclosed to the Lender by the Borrower in the Bridge Loan Agreement, and (ii) all purchase money security interests hereinafter incurred by the Borrower in the ordinary course of business to the extent permitted by the Bridge Loan Agreement.

Permitted Liens. Liens permitted pursuant to Section 10.2.5 of the Credit Agreement or as otherwise expressly permitted to exist under any of the Credit Documents.

Permitted Liens. Means (a) any Lien for Taxes which are not yet due; (b) any carrier's, warehouseman's, mechanic's, materialman's, repairman's, landlord's, maritime, or similar statutory or inchoate lien incidental to the ordinary conduct of business which involves an obligation that is not past due.

Permitted Liens. Are: (i) Liens existing on the Closing Date and shown on the Schedule entitled "permitted liens" or arising under this Agreement; and (ii) Liens for taxes, fees, assessments or other government charges or levies, either not delinquent or being contested in good faith and for which Borrower maintains adequate reserves on its Books in accordance with GAAP if they have no priority over Bank's security interest.

Permitted Liens. Means (i) the Security Interest, (ii) covenants, restrictions, rights, easements and minor irregularities in title which do not materially interfere with the Debtor's business or operations as presently conducted, and (iii) Liens in existence on the date hereof and described on Exhibit C hereto.

Permitted Liens. (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) Liens in favor of Secured Party under this Agreement or arising under the other Transaction Documents or any other agreements between Debtor and Secured Party or any affiliate of Secured Party, (c) Liens securing cash deposits, (d) Liens in favor of depositary banks, (e) Lien on insurance policies and proceeds securing the... financing of premiums thereunder, (f) Liens securing trade payables purchased on credit that are not more than 90 days overdue or which are being contested in good faith by appropriate action, (g) Liens arising by operation of law or statute that are not more than 90 days overdue or which are being contested in good faith by appropriate action, and (h) Liens on real property acquired in the ordinary course of business. View More

Permitted Liens. Has the meaning given to it in the Note Purchase Agreement. -2-

Permitted Liens. (a) Liens for taxes, assessments or other governmental charges the payment of which is not at the time required by section 9.3; (b) statutory Liens of landlords and Liens of carriers, warehousemen, mechanics and materialmen incurred in the ordinary course of business for sums not yet due or the payment of which is not at the time required by section 9.3; (c) Liens (other than any Lien imposed by ERISA) incurred or deposits made in the ordinary course of business (i) in connection with workers'... compensation, unemployment insurance and other types of social security, or (ii) to secure (or to obtain letters of credit that secure) the performance of tenders, statutory obligations, surety and appeal bonds, bids, leases, performance bonds, purchase, construction or sales contracts and other similar obligations, in each, case not incurred or made in connection with the borrowing of money, the obtaining of advances or credit or the payment of the deferred purchase price of property; (d) any attachment or judgment Lien, unless the judgment it secures shall not, within 60 days after the entry thereof, have been discharged or execution thereof stayed pending appeal, or shall not have been discharged within 60 days after the expiration of any such stay; (e) leases or subleases granted to others, easements, rights-of-way, restrictions and other similar charges or encumbrances, in each case incidental to, and not interfering with, the ordinary conduct of the business of the Company or any Subsidiary; and (f) Liens existing on the date of this Agreement and securing Debt of the Company and its Subsidiaries referred to in Schedule D. View More

Permitted Liens. Shall mean any of the following: (i) Liens for current taxes, assessments or government charges not yet due and payable and clearly reflected on the appropriate company balance sheet and adequately reserved for, (ii) Liens that, when taken together, would not materially detract from the market value or materially interfere with the present businesses of ALT, Apollo LNG or of Apollo or otherwise have a Material Adverse Effect, (iii) and Liens set forth on Schedule 1.1(v).

Permitted Liens. Has the meaning specified therefor in the Financing Agreement.