Common use of Tax Lien Clause in Contracts

Tax Lien. A notice of Lien, levy or assessment is filed of record with respect to all or any of Borrower’s assets by the United States, or any department, agency or instrumentality thereof, or by any state, county, municipal or other governmental agency.

Tax Lien. A notice of Lien (other than a Permitted Lien), levy or assessment is filed of record with respect to all or any of Borrower’s either Obligor's or any of their Subsidiaries' assets by the United States, or any department, agency or instrumentality thereof, or by any state, county, municipal or other governmental agency, including, without limitation, the PBGC, which in the opinion of the Agent and the Majority Lenders, adversely affects the priority of the Liens granted to the Agent hereunder or under the other Loan Documents.

Tax Lien. A notice of Lien, levy or assessment is filed of record with respect to all or any assets of Borrower’s assets Borrower or any of its Subsidiaries by the United States, States or any departmentother Official Body, agency which adversely affects the priority of the Liens granted to the Administrative Agent hereunder or instrumentality thereof, or by under any state, county, municipal or of the other governmental agencyLoan Documents.

Tax Lien. A notice of Lien, levy or assessment is filed of record with respect to all or any of any Borrower’s 's or any Subsidiary's assets by the United States, or any department, agency or instrumentality thereof, or by any state, county, municipal or other governmental agency, including, without limitation, the PBGC, which in the opinion of the Majority Banks, adversely affects the priority of the Liens granted to Agent hereunder under the Deed of Trust or under the other Loan Documents.

Tax Lien. A notice of Lien, levy or assessment is filed of record with respect to all or any assets of Borrower’s assets the Borrower or any of its Subsidiaries by the United States, States or any departmentother Governmental Authority, agency including, without limitation, the PBGC, which adversely affects the priority of the Liens granted to the Collateral Agent hereunder or instrumentality thereof, or by under any state, county, municipal or of the other governmental agencyLoan Documents.

Tax Lien. A notice of Lien, levy or assessment is filed of record with respect to all or any of Borrower’s 's or any Subsidiary's assets by the United States, or any department, agency or instrumentality thereof, or by any state, county, municipal or other governmental agency, including, without limitation, the PBGC, which in the opinion of Lender adversely affects the priority of the Liens granted to Lender.