Permitted Liens

Permitted Liens. Means (i) landlord's, carriers', warehousemen's, mechanics and other similar Liens arising by operation of law in the ordinary course of Borrower's business and Liens arising by operation of law for taxes not yet due and payable; (ii) Liens arising out of pledges or deposits under workmen's compensation, unemployment insurance, old age pension, social security, retirement benefits or other similar legislation; (iii) Liens in favor of the Bank in accordance with this Loan Agreement, (iv)... purchase money Liens arising in the ordinary course of business up to an aggregate of $150,000.00 outstanding at any time (so long as the Indebtedness secured thereby does not exceed the lesser of the cost or fair market value of the property subject thereto and such Lien extends to no other property); and (v) Liens in existence on the date of this Loan Agreement to which the Bank has consented and which are set forth in Schedule 5(g). View More

Permitted Liens. Shall mean the following: (i) mechanics', materialmen's or similar inchoate Liens arising or incurred in the ordinary course of business relating to liabilities not yet due and payable; (ii) Liens for current taxes not yet delinquent, or the validity of which is being contested in good faith by appropriate proceedings, which proceedings have the effect of preventing foreclosure or enforcement of such Liens and where adequate reserves are established and maintained in accordance with generally... accepted accounting principles; (iii) Liens or pledges in connection with workmen's compensation, unemployment insurance or other social security obligations; (iv) deposits to secure the performance of bids, trade contracts, leases, statutory obligations, surety and appeal bonds, performance bonds and other obligations of alike nature incurred in the ordinary course of business, (v) Liens in favor of the Senior Lenders, and (vi) the following Liens evidenced by UCC-1 filings (1) Lien in favor of CIT Bank regarding all computer equipment and peripherals referenced in the Loan Agreement #007139097-005 dated August 24, 2005, and secured by UCC-1 filing number 52719061, (2) Lien in favor of Susquehanna Patriot Commercial Leasing Corp regarding all personal property and/or equipment, and fixtures, which is the subject of the Equipment Lease Agreement number 22453001 and secured by UCC-1 filing number 53947794 and 60763821, and (3) Lien in favor of Coactiv Capital Partners LLC regarding all personal property and/or equipment, and fixtures, which is the subject of the Equipment Lease Agreement number 22453002 and secured by UCC-1 filing number 60768762 and 72950326. View More

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) Liens in favor of Secured Party under this Security Agreement or arising under the other Transaction Documents, and (c) that certain Lien on a certain excavator (serial number CK892DL005349) in favor of David Costaglio.

Permitted Liens. The liens described on Schedule C attached hereto and incorporated herein.

Permitted Liens. (a) liens securing the payment of taxes not yet due and payable, or taxes, the validity of which are being contested in good faith by appropriate proceedings and as to which Borrower shall have set aside on its books adequate reserves; (b) security interests and other liens in favor of Lender securing the repayment of the Loan Obligations; and (c) any other liens incurred with the prior written consent of Lender

Permitted Liens. Means: (a) such exceptions to title to real estate as a title policy would show; (b) statutory liens (such as warehousemen's liens); (c) liens for taxes not yet due and payable; (d) purchase money liens and liens securing rental payments under capital lease arrangements; and (e) other liens arising in the ordinary course of business and not incurred in connection with the borrowing of money.

Permitted Liens. With respect to any assets of the Company (i) mechanic's materialmen's and similar liens with respect to amounts not past due, (ii) liens for income Taxes or other Taxes not yet due and payable or for income Taxes or other Taxes that the taxpayer is contesting in good faith pursuant to proceedings disclosed in the Disclosure Documents, (iii) purchase money liens arising by operation of law (including liens on inventory and other assets in favour of vendors of the Company) and (iv) liens... securing rental payments under capital lease arrangements disclosed in the Disclosure Documents View More

Permitted Liens. (a) liens for taxes, assessments or other governmental charges incurred in the ordinary course of business and for which no interest, late charge or penalty is attaching or which are being contested in good faith by appropriate proceedings; (b) liens, not delinquent, created by statute in connection with worker's compensation, unemployment insurance, social security and similar statutory obligations; and (c) liens of mechanics, materialmen, carriers, warehousemen or other like statutory or... common law liens securing obligations incurred in good faith in the ordinary course of business that are not due and payable. View More

Permitted Liens. Purchase money security interests in equipment or other capital assets purchased by Borrower where the total aggregate indebtedness to vendors secured by such liens does not exceed Five Hundred Thousand Dollars ($500,000) at any time outstanding.

Permitted Liens. In the Indenture is hereby amended by replacing the proviso at the end of clause (xi) thereof with the following: "provided that, in the case of Liens incurred pursuant to clause (b) and (c) (other than in the case of Junior Lien Obligations) that are on Collateral, the holders of such secured Obligations (or a representative thereof) become party to the Intercreditor Agreement;