Examples of Encumbrance in a sentence
The Obligors own or license, as applicable, such Intellectual Property free and clear of any Encumbrance (other than Permitted Encumbrances).
The Security Documents constitute a valid first priority Encumbrance on all present and after-acquired assets, property and undertaking (both real and personal) of the Obligors (and for greater certainty, includes all Equity Interests and all Project Assets but excludes Excluded Property) in favour of the Collateral Agent for the benefit of the Lender (except for Permits which by their nature are not assignable), subject only to Permitted Encumbrances.
The Security Documents constitute a valid first priority Encumbrance on all present and after-acquired assets, property and undertaking (both immovable and movable) of the Obligors (and for greater certainty, includes all Equity Interests and all Project Assets but excludes the Excluded Property) in favour of the Collateral Agent for the benefit of the Lender (except for Permits which by their nature are not assignable), subject only to Permitted Encumbrances.