Permitted Liens

Permitted Liens. (i) liens created by or resulting from the actions of Purchaser or entities affiliated with Purchaser, (ii) statutory and contractual landlord liens incurred in the ordinary course of business for sums [a] not yet due and payable or [b] being contested in good faith, (iii) pledges or deposits made to secure any Company's payment of worker's compensation, unemployment insurance or other forms of governmental insurance or benefits or to participate in any fund in connection with worker's... compensation or unemployment insurance, in each case incurred in the ordinary course of business consistent with past practice, (iv) zoning and similar restrictions on the use of, and easements, restrictions, covenants, title defects and similar encumbrances on, real property that do not impair the use of such real property (other than of an inconsequential nature) or materially detract from the value of such real property upon which such restriction or encumbrance exists and that are not violated by existing structures or land use, (v) liens for taxes not yet due and payable, (vi) statutory mechanic's liens and materialmen's liens for services or materials and similar statutory liens for amounts not due and payable incident to construction and maintenance of real property, and (vii) statutory liens of warehousemen and carriers and similar statutory liens securing obligations that are not yet due and payable. View More

Permitted Liens. Shall mean any of the following: (a) the respective rights of Lessor and Lessee as herein provided; (b) the rights of others under agreements or arrangements only to the extent expressly permitted by the terms of Section 20; (c) Lessor's Liens; (d) Liens for taxes either not yet due or being contested in good faith (and for payment of which, to the extent required by GAAP adequate reserves have been provided) by appropriate proceedings conducted with due diligence so long as such proceedings do... not involve any material danger of the sale, forfeiture or loss of the Airframe or any Engine or interest therein; (e) materialmen's, mechanics', workmen's, repairmen's, or other like Liens arising in the ordinary course of business for amounts the payment of which is either not yet delinquent or is being contested in good faith (and for the payment of which adequate reserves had been provided) by appropriate proceedings so long as such proceedings do not involve any material danger of the sale, forfeiture or loss of the Airframe or any Engine or interest therein; (f) salvage rights of insurers under insurance policies maintained pursuant to Section 9; (g) Liens arising out of judgments or awards against Lessee or a sublessee with respect to which at the time there shall have been secured a stay of execution and; (h) any other Lien with respect to which Lessee or sublessee shall have provided a bond or other security in an amount and under terms reasonably satisfactory to Lessor. Lessee will promptly at its own expense, take such action as may be necessary duly to discharge (by bonding or otherwise) any such Lien not accepted above if the same shall arise at any time. View More

Permitted Liens. (i) any Lien for taxes not yet due or delinquent of the Parent 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 of the Parent that is not yet due or 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 of the Parent with respect to a liability of the Parent that is not yet due or delinquent or that are being contested in good faith by appropriate proceedings, (iv) Liens (A) upon or in any equipment acquired or held by the Parent solely to secure the purchase price of such Parent equipment or Parent Indebtedness incurred solely by the Parent for the purpose of financing the acquisition or lease of such equipment of the Parent, or (B) existing on such equipment at the time of its acquisition, provided that the Lien is confined solely to the property of the Parent so acquired by the Parent and improvements thereon, and the proceeds of such equipment, in either case, with respect to Indebtedness of the Parent in an aggregate amount not to exceed together with the same type of ICA-T $250,000, (v) Liens incurred in connection with the extension, renewal or refinancing of the Indebtedness of the Parent secured by Liens of the type described in clause (iv) above, provided that any extension, renewal or replacement Lien shall be limited to the property encumbered by the existing Lien and the principal amount of the Indebtedness being extended, renewed or refinanced does not increase, (vi) Liens in favor of customs and revenue authorities arising as a matter of law to secure payments of custom duties in connection with the importation of goods for the Parent, (viii) Liens with respect to accounts receivable and inventory financing of the Parent provided such Liens are solely on the accounts receivable of the Parent that are being used to obtain such accounts receivable and/or inventory financing for the Parent as expressly identified and in such amounts as provided in writing in such accounts receivable and/or inventory financing documentation, and (ix) Liens in favor of the Collateral Agent and/or the Holder perfecting the Collateral Agent's and/or the Holder's security interests in the assets of the Parent to the extent provided for in the Security Documents securing all obligations of the Parent to the Holder and/or the Collateral Agent under this Note and/or any of the other Transaction Documents View More

Permitted Liens. (i) the Noteholder Debt and liens associated therewith and (ii) with respect to Licensed Intellectual Property, the rights held by the applicable licensors thereof.

Permitted Liens. Means: (a) liens in favor of Lender; (b) liens for taxes or assessments or other governmental charges or levies if not yet due and payable or the non-payment of which is being contested in good faith by appropriate proceedings and for which adequate reserves shall have been set aside on the Borrowers' or the applicable Subsidiarys' books, but only so long as no foreclosure, distraint, sale or similar proceedings have been commenced with respect thereto and remain unstayed for a period of thirty... (30) days after their commencement; (c) liens on leased equipment granted in connection with the leasing of such equipment in favor of the lessor of such equipment; (d) liens of record as of the date hereof listed on Schedule 4(f) attached hereto; and (e) liens securing the Subordinated Debt. View More

Permitted Liens. Shall mean all (i) all existing liens on the assets of a Grantor which have been disclosed to the Buyers by the Company on a Schedule I attached hereto, and (ii) all purchase money security interests hereinafter incurred by a Grantor in the ordinary course of business.

Permitted Liens. (i) inchoate liens for taxes, fees, assessments or other governmental charges not yet due; (ii) in the case of Bank Collateral consisting of cash on deposit, liens of a depositary bank or collecting bank in such deposits granted in the ordinary course of business securing amounts owing to such bank for cash management or operating account arrangements; and (iii) subordinated liens subject to subordination and/or intercreditor agreements in form and substance reasonably satisfactory to the... Secured Party View More

Permitted Liens. Means: (1) The Liens securing the Revolving Note; (2) A Lien of general taxes which are not yet due or payable; (3) Liens on the property of Borrower securing (a) the non-delinquent performance of bids, trade contracts (other than for borrowed money), leases and statutory obligations, (b) contingent obligations on surety, performance and appeal bonds, and (c) other non-delinquent obligations of a like nature; in each case incurred in the ordinary course of business and treating as... non-delinquent any delinquency which is being contested in good faith and by appropriate action, which action has the effect of preventing the forfeiture or sale of the property subject thereto; (4) Liens arising in the ordinary course of business (such as Liens of carriers, warehouseman, landlords, materialmen, repairmen and mechanics and other similar liens imposed by law) which secure payment of obligations not more than ninety (90) days past due or which are being contested in good faith by appropriate proceedings and for which adequate reserves shall have been set aside; (5) Purchase money Liens on any equipment or fixture acquired after the date hereof to be used by a Borrower in the normal course of its business, and created or incurred simultaneously with the acquisition of such equipment or fixture, if such Lien is limited to the property so acquired and the indebtedness secured by Lien does not exceed the purchase price of such property and any ancillary costs associated therewith; and (6) Such other liens or encumbrances arising after the date hereof that are approved by Lender in writing. View More

Permitted Liens. Means any of the following: (1) liens of carriers, warehousemen, landlords, mechanics, laborers, materialmen, and other similar persons arising by law in the ordinary course of business securing obligations which are (i) not yet due or (ii) being diligently contested in good faith by appropriate proceedings, with adequate reserves having been established therefor in accordance with U.S. GAAP, which proceedings have the effect of preventing for the foreseeable future the forfeiture or sale of... the Collateral subject to such liens; (2) liens for taxes which are (i) not yet delinquent or (ii) being diligently contested in good faith by appropriate proceedings and for which adequate reserves have been established in accordance with U.S. GAAP; (3) good faith pledges or grants of security interests to secure statutory obligations, surety, appeal, indemnity, performance or other similar bonds—including letters of credit—required in the ordinary course of the Obligors' business and not in connection with the borrowing of money, provided that in each case the obligation secured is not overdue or, if overdue, is being diligently contested in good faith by appropriate actions or proceedings and adequate reserves have been established in accordance with U.S. GAAP with respect to such obligation; (4) purchase-money or capital lease liens in equipment and related software and the proceeds thereof so long as such lien attaches only to the asset purchased or acquired and such proceeds; (5) judgments that have not become final and are being appealed in good faith and have been properly secured or bonded pending the resolution thereof; (6) Disclosed Liens; and (7) the Senior Liens. View More

Permitted Liens. Liens securing the obligations under the New Term Loan Credit Documents