Common use of Permitted Lien Clause in Contracts

Permitted Lien. Any (a) Lien securing Taxes, assessments and governmental charges not yet due and payable, (b) zoning law or ordinance or any similar Legal Requirement, (c) right reserved to any Governmental Authority to regulate the affected property, (d) as to Owned Real Property and Other Real Property Interests, any Lien that does not individually or in the aggregate interfere with the right or ability to own, use or operate the Owned Real Property or Other Real Property Interests as they are being used or operated or to convey title to the same and (e) in the case of Leased Property, (i) the rights of any lessor and (ii) any Lien granted by any lessor of Leased Property; provided that "Permitted Lien" will not include any Lien securing a debt or claim (other than inchoate materialmen's, mechanics', workmen's, repairmen's or other like Liens arising in the ordinary course of business or any Lien described in clause (e) above) or any Lien which could prevent or impair in any way the conduct of the business of the affected System as it is currently being conducted, and provided further that the classification of any Lien as a "Permitted Lien" will not affect any liability which TCI may have under this Agreement for any such Lien with respect to the exchange of the TCI Systems or which Fish▇▇ ▇▇▇ have under this Agreement for any such Lien with respect to the exchange of the Fish▇▇ ▇▇▇tems, including pursuant to any indemnity obligation under this Agreement.

Appears in 1 contract

Sources: Asset Contribution Agreement (Tele Communications Inc /Co/)

Permitted Lien. Any (a) Lien securing Taxes, assessments and governmental charges not yet due and payable, (b) zoning law or ordinance or any similar Legal Requirement, (c) right reserved to any Governmental Authority to regulate the affected propertyproperty or to acquire the affected property for fair value, whether upon condemnation or pursuant to any Franchise or ordinance, (d) as to Owned Real Property and Other Real Property Interests, any Lien not securing indebtedness or arising out of the obligation to pay money that does not individually or in the aggregate interfere with the right or ability to own, use or operate the Owned Real Property or Other Real Property Interests as they are being used or operated or materially diminish the value of such Owned Property or Other Real Property Interests, (e) in the case of Owned Property and Leased Property, any lease or sublease by TCI or Century in favor of a third party that is disclosed in the Schedules to convey title to the same this Agreement, and (ef) in the case of Leased Property, (i) the rights of any lessor and (ii) any Lien granted by any lessor of Leased Property; provided that "Permitted Lien" will not include any Lien securing a debt or claim (other than inchoate materialmen's, mechanics', workmen's, repairmen's or other like Liens arising in the ordinary course of business or any Lien described in clause (ef) above) or any Lien which could prevent or impair in any way the conduct of the business of the affected System as it is currently being conducted, and provided further that the classification of any Lien as a "Permitted Lien" will not affect any liability which TCI may have under this Agreement for any such Lien with respect to the exchange contribution of the TCI Systems or which Fish▇▇ ▇▇▇ Century may have under this Agreement for any such Lien with respect to the exchange contribution of the Fish▇▇ ▇▇▇temsCentury Systems, including pursuant to any indemnity obligation under this Agreement.

Appears in 1 contract

Sources: Asset Contribution Agreement (Century Communications Corp)

Permitted Lien. Any Any (a) Lien securing Taxes, assessments -------------- and governmental charges not yet due and payable, (b) zoning law or ordinance or any similar Legal Requirement, (c) right reserved to any Governmental Authority to regulate the affected property, (d) as to Owned Real Property and Other Real Property Interests, any Lien that does not individually or in the aggregate interfere with the right or ability to own, use or operate the Owned Real Property or Other Real Property Interests as they are being used or operated or to convey title to the same in accordance with SECTIONS 9.2.3 and 9.3.3 and (e) in the case of Leased Property, (i) the rights of any lessor and (ii) any Lien granted by any lessor of Leased Property; provided that "Permitted Lien" will not include any Lien securing a debt or claim (other than inchoate materialmen's, mechanics', workmen's, repairmen's or other like Liens arising in the ordinary course of business or any Lien described in clause (e) above) or any Lien which could prevent or impair in any way the conduct of the business of the affected System as it is currently being conducted, and provided further that the classification of any Lien as a "Permitted Lien" will not affect any liability which TCI may have under this Agreement for any such Lien with respect to the exchange of the TCI Systems or which Fish▇▇▇ may have under this Agreement for any such Lien with respect to the exchange of the Fish▇▇ ▇▇▇tems▇▇ Systems, including pursuant to any indemnity obligation under this Agreement.

Appears in 1 contract

Sources: Asset Exchange Agreement (Jones Intercable Inc)

Permitted Lien. Any (a) Lien securing Taxes, assessments and governmental charges not yet due and payable, (b) zoning law or ordinance or any similar Legal Requirement, (c) right reserved to any Governmental Authority to regulate the affected property, (d) as to Owned Real Property and Other Real Property Interests, any Lien not securing indebtedness or arising out of the obligation to pay money that does not individually or in the aggregate interfere with the right or ability to own, use or operate the Owned Real Property or Other Real Property Interests as they are being used or operated or materially diminish the value of such Owned Property or Other Real Property Interests, (e) in the case of Owned Property and Leased Property, any lease or sublease by TCI or Insight in favor of a third party that is disclosed in the Schedules to convey title to the same this Agreement, and (ef) in the case of Leased Property, (i) the rights of any lessor and (ii) any Lien granted by any lessor of Leased Property; provided that "Permitted Lien" will not include any Lien securing a debt or claim (other than inchoate materialmen's, mechanics', workmen's, repairmen's or other like Liens arising in the ordinary course of business or any Lien described in clause (ef) above) or any Lien which could prevent or impair in any way the conduct of the business of the affected System as it is currently being conducted, and provided further that the classification of any Lien as a "Permitted Lien" will not affect any liability which TCI may have under this Agreement for any such Lien with respect to the exchange of the TCI Systems Assets or which Fish▇▇ ▇▇▇ Insight may have under this Agreement for any such Lien with respect to the exchange of the Fish▇▇ ▇▇▇temsInsight Assets, including pursuant to any indemnity obligation under this Agreement.

Appears in 1 contract

Sources: Asset Exchange Agreement (Insight Communications Co Inc)

Permitted Lien. Any (a) Lien securing Taxes, assessments and governmental charges not yet due and payable, (b) zoning law or ordinance or any similar Legal Requirement, (c) right reserved to any Governmental Authority to regulate the affected propertyproperty or to acquire the affected property for fair value, whether upon condemnation or pursuant to any Franchise or ordinance, (d) as to Owned Real Property and Other Real Property Interests, any Lien not securing indebtedness or arising out of the obligation to pay money that does not individually or in the aggregate interfere with the right or ability to own, use or operate the Owned Real Property or Other Real Property Interests as they are being used or operated or materially diminish the value of such Owned Property or Other Real Property Interests, (e) in the case of Owned Property and Leased Property, any lease or sublease by TCI or Century in favor of a third party that is disclosed in the Schedules to convey title to the same this Agreement, and (ef) in the case of Leased Property, (i) the rights of any lessor and (ii) any Lien granted by any lessor of Leased Property; provided that "Permitted Lien" will not include any Lien securing a debt or claim (other than inchoate materialmen's, mechanics', workmen's, repairmen's or other like Liens arising in the ordinary course of business or any Lien described in clause (ef) above) or any Lien which could prevent or impair in any way the conduct of the business of the affected System as it is currently being conducted, and provided further that the classification of any Lien as a "Permitted Lien▇▇▇▇" will not affect any liability which TCI may have under this Agreement for any such Lien with respect to the exchange of the TCI Systems or which Fish▇▇ ▇▇▇ the Partnership may have under this Agreement for any such Lien with respect to the exchange of the Fish▇▇ ▇▇▇temsCentury Systems, including pursuant to any indemnity obligation under this Agreement.

Appears in 1 contract

Sources: Asset Exchange Agreement (Century Communications Corp)

Permitted Lien. Any (a) Lien securing Taxes, assessments and governmental charges not yet due and payable, (b) zoning law or ordinance or any similar Legal Requirement, (c) right reserved to any Governmental Authority to regulate the affected property, (d) as to Owned Real Property and Other Real Property Interests, any Lien which is reflected in the public records and that does not individually or in the aggregate interfere with the right or ability to own, use or operate the Owned Real Property or Other Real Property Interests as they are being used or operated or to convey good, marketable and indefeasible fee simple title to the same same, and (e) in the case of Leased Property, (i) the rights of the fee owner and any lessor and (ii) any Lien granted by any lessor of Leased Propertylien encumbering the fee interest in such property; provided that "Permitted Lien" will not include any Lien securing a debt or claim (other than inchoate materialmen's, mechanics, work▇▇▇', workmen's, repairmen▇ ▇▇pairman's or other like Liens liens arising in the ordinary course of business or any Lien lien described in clause (e) above) or any Lien which could prevent or impair inhibit in any way the conduct of the business of the affected System as it is currently being conducted, and provided further that the classification of any Lien as a "Permitted Lien" will not affect any liability which TCI Seller may have under this Agreement for any such Lien with respect to the exchange of the TCI Systems or which Fish▇▇ ▇▇▇ have under this Agreement for any such Lien with respect to the exchange of the Fish▇▇ ▇▇▇tems, including pursuant to any indemnity obligation under this AgreementLien.

Appears in 1 contract

Sources: Asset Purchase and Sale Agreement (Tca Cable Tv Inc)