Material Liens Sample Clauses
The Material Liens clause defines restrictions or requirements regarding significant liens placed on a party’s assets. Typically, it prohibits the creation or existence of liens above a certain threshold without the other party’s consent, or requires prompt disclosure if such liens arise. This clause serves to protect the interests of the counterparty by ensuring that key assets remain unencumbered, thereby reducing the risk of default or loss of collateral value.
Material Liens. Part B of Schedule II hereto is a complete and correct list, as of the date of this Agreement, of each Lien securing Indebtedness of any Person the aggregate principal or face amount of which equals or exceeds (or may equal or exceed) $50,000,000 and covering any Property of the Company or any of its Subsidiaries (or Avenor or any of its Subsidiaries), and the aggregate Indebtedness secured (or which may be secured) by each such Lien and the Property covered by each such Lien is correctly described in Part B of said Schedule II.
Material Liens. The Greasemonkey Inc. lien shall be removed from the Aircraft on or before the Closing Date.
Material Liens. Voluntarily mortgage, pledge or subject to any material Lien, other than Permitted Encumbrances, any of its material assets;
Material Liens. Schedule 6.19 is a complete and correct list, as of the date hereof, of each Lien securing Indebtedness of the Borrower or any of its Subsidiaries (other than Liens created pursuant to the Security Documents and Permitted Liens) outstanding on the date hereof the aggregate principal or face amount of which equals or exceeds (or may equal or exceed) $100,000 and covering any property of such Person, and the aggregate Indebtedness secured (or that may be secured) by each such Lien and the property covered by each such Lien, in each case as of the date hereof, is correctly described in Schedule 6.19.
Material Liens. Schedule 6.19 is a complete and correct list of each Lien securing Indebtedness of the Borrower or any of its Subsidiaries (other than Liens created pursuant to the Security Documents and Permitted Liens) outstanding on the date hereof the aggregate principal or face amount of which equals or exceeds (or may equal or exceed) $25,000 and covering any property of such Person, and the aggregate Indebtedness secured (or that may be secured) by each such Lien and the property covered by each such Lien is correctly described in Schedule 6.19.
Material Liens. Schedule 6.19 of the Disclosure Letter is a complete and correct list of each Lien securing Indebtedness of such Obligor or any of its Subsidiaries (other than Liens created pursuant to the Security Documents and Permitted Liens) outstanding on the date hereof the aggregate principal or face amount of which equals or exceeds (or may equal or exceed) $25,000 and covering any property of such Person, and the aggregate Indebtedness secured (or that may be secured) by each such Lien and the property covered by each such Lien is correctly described in Schedule 6.19 of the Disclosure Letter.
Material Liens. If a judgment or other claim becomes a Lien or encumbrance upon any material portion of Borrower's assets and such Lien or encumbrance is not satisfied or released within 10 days.
Material Liens