Permitted Liens

Permitted Liens. 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.

Permitted Liens. The Liens permitted pursuant to Paragraph 14

Permitted Liens. The individual and collective reference to the following: (a) liens for taxes, assessments and other governmental charges or levies not yet due or liens for taxes, assessments and other governmental charges or levies being contested in good faith and by appropriate proceedings for which adequate reserves (in the good faith judgment of the management of the Borrower) have been established in accordance with GAAP; (b) liens imposed by law which were incurred in the ordinary course of the... Borrower's business, such as carriers', warehousemen's and mechanics' liens, statutory landlords' liens, and other similar liens arising in the ordinary course of the Borrower's business; (c) liens in favor of a third party arising out of any purchase-money contracts and/or leases entered into by Borrower for the acquisition of additional machinery or equipment in the ordinary course of business View More

Permitted Liens. (i) Liens for taxes not yet due or which are being contested in good faith by appropriate proceedings, (ii) non-consensual Liens arising by operation of law, arising in the ordinary course of business, and for amounts which are not overdue for a period of more than 30 days or that are being contested in good faith by appropriate proceedings and (iii) Liens created pursuant to this Note.

Permitted Liens. Means any security interests or lien in that portion of Collateral not necessary to satisfy the Required Ratio.

Permitted Liens. (a) liens which may be deemed to exist with respect to swap contracts; (b) liens in respect of any netting services, overdrafts and related liabilities arising from treasury, depository and cash management services in connection with any automated clearinghouse transfers of funds; (c) unsecured insurance premiums owing in the ordinary course of business; (d) liens for taxes, assessments or other governmental charges not delinquent or being properly contested; (e) deposits or pledges to secure... obligations under worker's compensation, social security or similar laws, or under unemployment insurance; (f) deposits or pledges to secure bids, tenders, contracts (other than contracts for the payment of money), leases, statutory obligations, surety and appeal bonds and other obligations of like nature arising in the ordinary course of business; (g) liens arising by virtue of the rendition, entry or issuance against any Åkers Entity of any judgment, writ, order, or decree to the extent the rendition, entry, issuance or continued existence of such judgment, writ, order or decree (or any event or circumstance relating thereto) has not resulted in the occurrence of an Event of Default under Section 9 hereof; (h) carriers', repairmens', mechanics', workers', materialmen's or other like liens arising in the ordinary course of business with respect to obligations which are not due or which are being properly contested; (i) liens placed upon fixed assets hereafter acquired to secure a portion of the purchase price thereof; (j) other liens incidental to the conduct of any Åkers Entity's business or the ownership of its property and assets which were not incurred in connection with the borrowing of money or the obtaining of advances or credit, and which do not in the aggregate materially detract from Holders' rights or the value of any Åkers Entity's property or assets or which do not materially impair the use thereof in the operation of any Åkers Entity's business; (k) easements, rights-of-way, zoning restrictions, minor defects or irregularities in title and other charges or encumbrances, in each case, which do not interfere in any material respect with the ordinary course of business of the Åkers Entities; (l) liens to secure obligations under Clause 9.3 of the Purchase Agreement; and (m) other nonconsensual liens. View More

Permitted Liens. (i) Liens for taxes, assessments, or governmental charges, landlords', carriers', warehousemen's, repairmen's, mechanics', materialmen's and other like Liens incident to construction, which are either not delinquent or are being contested in good faith by appropriate proceedings which will prevent foreclosure of such Liens, and against which Borrower has provided, and is maintaining, adequate reserves in accordance with GAAP; (ii) easements, restrictions, minor title irregularities and similar... matters which have no material adverse effect upon the ownership and use of the affected property; (iii) Liens or deposits in connection with workmen's compensation, unemployment insurance, social security or other insurance or to secure customs' duties, public or statutory obligations in lieu of surety, stay or appeal bonds, or to secure performance of contracts or bids, other than contracts for the payment of money borrowed, or deposits required by law as a condition to the transaction of business or other Liens or deposits of a like nature made in the ordinary course of business; (iv) Liens or security interests in favor of Lenders; (v) Liens arising in connection with capital leases (and attaching only to the property being leased) and Liens that constitute purchase money security interests on any property securing debt incurred for the purpose of financing all or any part of the cost of acquiring such property; (vi) Liens arising solely by virtue of any statutory or common law provision relating to bankers' liens, rights of set-off or similar rights and remedies as to deposit accounts or other funds maintained with a creditor depository institution; (vii) attachments, appeal bonds, judgments and other similar Liens arising in connection with court proceedings, provided the execution or other enforcement of such Liens is effectively stayed and the claims secured thereby are being actively contested in good faith and by appropriate proceedings; and (h) liens or security interests existing on the date hereof and described on the attached Schedule 3 and replacements, renewals, refinancings or extensions thereof (including the amount of any related reasonable transaction fees and expenses incurred in connection therewith) that do not increase the principal amount of the obligation secured thereby View More

Permitted Liens. Intentionally omitted.

Permitted Liens. Has the meaning set forth in the Security Agreement.

Permitted Liens. Liens on the Collateral to secure the obligations of the Loan Parties under the 364-Day Credit Facility, which Liens may rank equally and ratably with the Liens securing the Obligations, notwithstanding anything to the contrary set forth in this Agreement or the Guarantee and Pledge Agreement