Governmental Liens Sample Clauses

Governmental Liens. Any lien, levy or assessment is filed or recorded with respect to or otherwise imposed upon all or any part of the Collateral or the assets of Holdings, Borrower or any of its Subsidiaries by the United States or any department or instrumentality thereof or by any state, county, municipality or other governmental agency (other than Permitted Encumbrances); or
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Governmental Liens. Any lien, levy or assessment is filed or recorded with respect to or otherwise imposed upon all or any part of the Mortgaged Property by the United States or any department or instrumentality thereof or by any state, county, municipality or other governmental agency (other than Permitted Encumbrances) and such lien, levy or assessment is not stayed, vacated, paid, discharged or insured or bonded over within thirty (30) days;
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Governmental Liens. Any Lien, levy or assessment (other than Permitted Encumbrances) is filed or recorded with respect to or otherwise imposed upon all or any part of the Collateral or the other assets of any Loan Party or any of its respective Subsidiaries by the United States or any other country or any department or instrumentality thereof or by any state, county, municipality or other Governmental Authority and remains undischarged, unvacated, unbonded or unstayed for a period of 30 days or in any event later than five (5) Business Days prior to the date of any proposed sale thereunder; or
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Governmental Liens. Any Lien, levy or assessment (other than Permitted Encumbrances) is filed or recorded with respect to or otherwise imposed upon all or any part of the Collateral or the other assets of Borrower or any of its Subsidiaries by the United States or any department or instrumentality thereof or by any state, county, municipality or other Governmental Authority and remains undischarged, unvacated, unbonded or unstayed for a period of thirty (30) days or in any event later than five (5) Business Days prior to the date of any proposed sale thereunder and such Liens secures an amount individually or in the aggregate in excess of $50,000; or
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Governmental Liens. 100 (I) Judgment and Attachments. . . . . . . . . . . . . . . . . . . 100 (J) Dissolution . . . . . . . . . . . . . . . . . . . . . . . . . 100 (K) Solvency. . . . . . . . . . . . . . . . . . . . . . . . . . . 100 (L) Injunction. . . . . . . . . . . . . . . . . . . . . . . . . . 100 (M) ERISA - Pension Plans . . . . . . . . . . . . . . . . . . . . 100 (N) ERISA - Multiemployer Plans . . . . . . . . . . . . . . . . . 100 (O) Invalidity of Loan Documents. . . . . . . . . . . . . . . . . 100 (P) Damage, Strike, Casualty. . . . . . . . . . . . . . . . . . . 101 (Q) Licenses and Permits. . . . . . . . . . . . . . . . . . . . . 101 (R) Failure of Security . . . . . . . . . . . . . . . . . . . . . 101 (S) Change in Control . . . . . . . . . . . . . . . . . . . . . . 101 8.2 Suspension of Commitments. . . . . . . . . . . . . . . . . . . . . 101 8.3 Acceleration . . . . . . . . . . . . . . . . . . . . . . . . . . . 102 8.4 Performance by Agent . . . . . . . . . . . . . . . . . . . . . . . 102 SECTION 9 ASSIGNMENT AND PARTICIPATION
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Governmental Liens. Any Lien is filed or recorded with respect to or otherwise imposed upon all or any material part of the Collateral or the assets of Borrower or any of its Material Subsidiaries by any Governmental Authority which, when added to all other such Liens then outstanding, causes total sums subject to such Liens to exceed Five Hundred Thousand Dollars ($500,000), which is past due for payment and either: (i) such Lien, if imposed upon the Collateral, has priority over the Lien of Agent thereon; or (ii) such Lien, if it does not have such priority or is not imposed upon the Collateral, is not stayed, vacated, paid or discharged within thirty (30) days; or (J) JUDGMENT AND ATTACHMENTS. Any money judgment, writ or warrant of attachment, or similar process (other than those described in subsection 8.1(I)) involving an amount in the aggregate at any time in excess of Five Hundred Thousand Dollars ($500,000) is entered or filed against Borrower or any of its Material Subsidiaries or any of their respective assets and remains undischarged, unvacated, unbonded or unstayed for a period of sixty (60) days or in any event later than five (5) days prior to the date of any proposed levy thereunder; or
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Governmental Liens. One or more liens, levies or assessments involving an amount in the aggregate at any time in excess of $1,000,000, are filed or recorded with respect to or otherwise imposed upon all or any part of the Collateral or the assets of any Loan Party by the United States or any department or instrumentality thereof or by any state, county, municipality or other governmental agency (other than Permitted Encumbrances) and such liens, levies or assessments are not discharged, vacated, paid or stayed within thirty (30) days or in any event no later than five (5) Business Days prior to the date of any proposed enforcement thereunder; or
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Governmental Liens. 22 ------------------ (J) Judgment and Attachments.......................................... 22 ------------------------ (K) Dissolution....................................................... 23 ----------- (L) Solvency.......................................................... 23 -------- (M) Injunction........................................................ 23 ---------- (N) ERISA; Pension Plans.............................................. 23 -------------------- (O) Environmental Matters............................................. 23 --------------------- (P) Invalidity of Loan Documents...................................... 23 ---------------------------- (Q) Damage; Strike; Casualty.......................................... 23 ------------------------ (R) Licenses and Permits.............................................. 24 -------------------- (S) Failure of Security............................................... 24 ------------------- (T) Change in Control................................................. 24 ----------------- (U) Material Adverse Effect........................................... 24 ----------------------- (V) Sprint Agreements and Other Material Contracts.................... 24 ---------------------------------------------- 6.2 Suspension of Commitments.............................................. 24 ------------------------- 6.3 Acceleration........................................................... 24 ------------ 6.4 Rights of Collection................................................... 25 -------------------- 6.5 Consents............................................................... 25 -------- 6.6 Performance by Lender.................................................. 25 --------------------- 6.7 Set Off and Sharing of Payments........................................ 25 ------------------------------- 6.8 Application of Payments................................................ 25 -----------------------
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Governmental Liens the Internal Revenue Service shall file notice of a lien pursuant to Section 6323 of the Code with regard to any assets of any Group Members and such lien shall not have been released within five Business Days, or the Pension Benefit Guaranty Corporation shall file notice of a lien pursuant to Section 4068 of ERISA with regard to any of the assets of any Group Member and such lien shall not have been released within five Business Days; or
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Related to Governmental Liens

  • No Governmental Litigation There shall not be pending or threatened any Legal Proceeding in which a Governmental Body is or is threatened to become a party or is otherwise involved, and neither Parent nor the Company shall have received any communication from any Governmental Body in which such Governmental Body indicates the possibility of commencing any Legal Proceeding or taking any other action: (a) challenging or seeking to restrain or prohibit the consummation of the Merger or any of the other transactions contemplated by this Agreement; (b) relating to the Merger and seeking to obtain from the Company or any of its Subsidiaries, or Parent or any of its Subsidiaries, any damages or other relief that may be material to the Company and Parent, taken as a whole, following the Merger; (c) seeking to prohibit or limit in any material respect Parent's ability to vote, receive dividends with respect to or otherwise exercise ownership rights with respect to the stock of the Company; or (d) which would materially and adversely affect the right of the Company or Parent to own the assets or operate the business of Parent following the Merger.

  • Governmental Licenses and Permits (a) Excluding Environmental Permits (which are covered solely in Section 3.11), and except as has not had and would not reasonably be expected to result in material liability to the Business, the Sellers hold all governmental qualifications, registrations, filings, privileges, franchises, licenses, permits, approvals or authorizations that are required for the operation of the Transferred Assets or the Business as conducted by the Sellers (collectively, “Material Permits”).

  • Governmental Licenses Obtain and maintain all licenses, permits, certifications and approvals of all applicable Governmental Authorities as are required for the conduct of its business as currently conducted and as contemplated by the Loan Documents, except where the failure to do so could not reasonably be expected to have a Material Adverse Effect.

  • Governmental Orders No Governmental Authority shall have enacted, issued, promulgated, enforced or entered any order, writ, judgment, injunction, decree, stipulation, determination or award that is in effect and has the effect of making the Transactions illegal, otherwise restraining or prohibiting consummation of such Transactions or causing such Transactions to be rescinded following completion thereof.

  • Governmental Permits The Company does, or will prior to the date the Project is Placed in Service, own, hold or possess all licenses, franchises, permits, privileges, immunities, approvals and other authorizations from a governmental body which are necessary to entitle it to own or lease, operate and use its assets located at the Project and to carry on and conduct its business at the Project, including, but not limited to, all required permits or licenses from any state or local governmental agencies and any required certifications from local or national boards or agencies indicating that the business of the Project is being conducted lawfully (herein collectively called “Governmental Permits”). The Company has performed its obligations under each Governmental Permit, or will when Governmental Permits are issued, and no event has occurred or condition or state of facts exists which (i) constitutes, or after notice or lapse of time or both, would constitute a breach or default under any such Governmental Permit, or (ii) permits, or after notice or lapse of time or both, would permit revocation or termination of any such Governmental Permit, or which might adversely affect in any material respect the rights of the Company under any such Governmental Permit. No notice of cancellation, of default or of any dispute concerning any Governmental Permit, or of any event, condition or state of facts described in the preceding sentence, has been received by, or is known to, the Company.

  • Governmental Actions No Governmental Action is or will be required in connection with the execution, delivery or performance by it, or the consummation by it of the transactions contemplated by this Agreement or any other Loan Document to which it is, or is to become, a party other than such Borrower’s Approval, as applicable, which has been duly issued and is in full force and effect.

  • Governmental Permits, Etc The Company has all necessary franchises, licenses, certificates and other authorizations from any foreign, federal, state or local government or governmental agency, department or body that are currently necessary for the operation of the business of the Company as currently conducted, except where the failure to currently possess such franchises, licenses, certificates and other authorizations is not reasonably likely to have a Material Adverse Effect.

  • Governmental Action Governmental Action means the destruction, confiscation or seizure of property described in Coverage A, B or C by order of any governmental or public authority. This exclusion does not apply to such acts ordered by any governmental or public authority that are taken at the time of a fire to prevent its spread, if the loss caused by fire would be covered under this policy.

  • Governmental Filings The parties shall have made any required filing with Governmental Entities in connection with this Agreement and the exhibit agreements, and any approvals related thereto shall have been obtained or any applicable waiting periods shall have expired. If a proceeding or review process by a Governmental Entity is pending in which a decision is expected, Buyer shall not be required to consummate the transactions contemplated by this Agreement until such decision is reached or rendered, notwithstanding Buyer's legal ability to consummate the transactions contemplated by this Agreement prior to such decision being reached or rendered.

  • Governmental Permits and Approvals (a) All approvals, authorizations, consents, permits and licenses from governmental and regulatory bodies required for the transactions contemplated by this Agreement and to permit the business currently carried on by Earth to continue to be carried on substantially in the same manner immediately following the Closing Date shall have been obtained and shall be in full force and effect, and the Owners shall have been furnished with appropriate evidence, reasonably satisfactory to them, of the granting of such approvals, authorizations, consents, permits and licenses; and

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