Charges and Encumbrances definition

Charges and Encumbrances means any charge, claim, encumbrance, ancillary obligation, option, warrant, retrospective right of acquisition, retention of title, third-party right, including preemptive rights of acquisition, transfer restriction, or rights in favor of a person other than the Licensor.
Sample 1
Charges and Encumbrances means any lien, charge, pledge, security interest, claim, encumbrance, ancillary obligation, option, retrospective right of acquisition, retention of title, pooling agreement, third-party right, including preemptive rights of acquisition or transfer, or restrictions (including pursuant to Applicable Law) on the transferability of the Shares (or any Parent Shares to be issued pursuant to this Agreement) of any kind, whether arising by agreement, operation of law or otherwise.
Sample 1

Examples of Charges and Encumbrances in a sentence

  • The Company does not maintain a Register of Mortgages, Charges and Encumbrances at its Registered Office.

  • Liens, Charges and Encumbrances Contractor shall, and shall procure that all other members of Contractor Group shall, protect and hold all property of Company Group free from all liens, charges or other encumbrances in connection with this MSA.

  • Free and Clear of Liens, Claims, Charges and Encumbrances; and (e) Directing Turnover of Pre-Petition Funds Owed by Davis Petroleum Corp., dated November 30, 1999 (the "November 30 Order"), and (ii) the "Amended Agreements," as such term is defined in the Order Authorizing TransTexas Gas Corporation to Sell Certain Assets Free and Clear of Liens and Encumbrances Pursuant to 11 U.S.C. ss.

  • Exhibit D --Description of Liens, Mortgages, Charges and Encumbrances of Psychrometric Systems, Inc.

  • Charges and encumbrances In the Entry D00002 of the Charges and Encumbrances item, there is a registered Affectation in Use in favor of the Ministry of Education - MINEDU.

  • Mr Brisby submitted that the Bank had taken a relaxed attitude to these matters in its letter of 12 August 2013 and that in any event, the CVA could not affect the Bank’s rights because it was a secured creditor (as the Register of Mortgages, Charges and Encumbrances to which we were referred, revealed) and both the properties at which the care homes were operated and the goodwill belonged to Elite (as illustrated by the Licence Agreement).

  • The Priority of the Charges and Encumbrances, As Among Them, Should be Approved 97.

  • The Plan along with Debtors’ Motion for Order: (A) Authorizing and Approving the Sale of Certain of the Debtors’ Assets Free and Clear of Liens, Claims, Interests, Charges and Encumbrances; and (B) Authorizing Assumption and Assignment of Leases and Contracts Under Section 365 of the Bankruptcy Code in Connection with Such Sale (the “Sale Motion”) (Docket #27) provides for a sale of substantially all assets of the Debtors pursuant to certain bid procedures.

  • Charges and Encumbrances: There are no Encumbrances of whatever nature, on the Property or Assets, except the charge created/to be created in favour of PNBHFL.

  • Thus, the Assignee discussed with the Agent the Assignee’s ability to use the Cash Collateral, with the Agent’s consent, to fund the expenses of the Assignment Estates discussed below.

Related to Charges and Encumbrances

  • Encumbrances means liens, charges, pledges, options, mortgages, deeds of trust, security interests, claims, restrictions (whether on voting, sale, transfer, disposition, or otherwise), easements, and other encumbrances of every type and description, whether imposed by law, agreement, understanding, or otherwise.

  • Permitted Encumbrances means:

  • Liens means a lien, charge, pledge, security interest, encumbrance, right of first refusal, preemptive right or other restriction.

  • Permitted Encumbrance means, with respect to any Mortgaged Property, such exceptions to title as are set forth in the title insurance policy or title commitment delivered with respect thereto, all of which exceptions must be acceptable to the Administrative Agent in its reasonable discretion.

  • Permitted Real Property Encumbrances means (i) those liens, encumbrances and other matters affecting title to any Mortgaged Property listed in the applicable title policy in respect thereof (or any update thereto) and found, on the date of delivery of such title policy to the Administrative Agent in accordance with the terms hereof, reasonably acceptable by the Administrative Agent, (ii) as to any particular real property at any time, such easements, encroachments, covenants, restrictions, rights of way, minor defects, irregularities or encumbrances on title which do not, in the reasonable opinion of the Administrative Agent, materially impair such real property for the purpose for which it is held by the mortgagor or owner, as the case may be, thereof, or the Lien held by the Administrative Agent, (iii) municipal and zoning laws, regulations, codes and ordinances, which are not violated in any material respect by the existing improvements and the present use made by the mortgagor or owner, as the case may be, of such real property, (iv) general real estate taxes and assessments not yet delinquent, and (v) such other items as the Administrative Agent may consent to.

  • Blanket encumbrance means a trust deed or mortgage or any other lien or encumbrance,

  • Security Interests means the security interests in the Collateral created hereby.

  • Charges shall have the meaning assigned to such term in Section 9.09.

  • Assessments means Claims of Her Majesty the Queen in Right of Canada or of any province or territory or municipality or any other Taxing Authority in any Canadian or foreign jurisdiction, including amounts which may arise or have arisen under any notice of assessment, notice of objection, notice of reassessment, notice of appeal, audit, investigation, demand or similar request from any Taxing Authority;

  • Permitted Liens means, with respect to any Person:

  • Encumbrance means any security interest, pledge, mortgage, lien (including, without limitation, environmental and tax liens), charge, encumbrance, adverse claim, preferential arrangement or restriction of any kind, including, without limitation, any restriction on the use, voting, transfer, receipt of income or other exercise of any attributes of ownership.

  • Purchase Money Security Interest means Liens upon tangible personal property securing loans to any Loan Party or Subsidiary of a Loan Party or deferred payments by such Loan Party or Subsidiary for the purchase of such tangible personal property.

  • Real Property Interests means all interests in real property of whatever nature, including easements, whether as owner or holder of a Security Interest, lessor, sublessor, lessee, sublessee or otherwise.

  • Lien means any mortgage, pledge, security interest, encumbrance, lien or charge of any kind (including any conditional sale or other title retention agreement or lease in the nature thereof).

  • Hire Charges means the rates and charges payable by You for the hire of the Equipment.

  • Secured Assets means (i) the Underlying Metal; (ii) all property, assets and sums held by the Issuing and Paying Agent and/or the Secured Account Custodian and/or the Metal Agent in connection with the ETC Securities and/or any Transaction Document (for the avoidance of doubt, not including any unallocated Metal standing to the credit of the Subscription Account which does not form part of the Underlying Metal), and (iii) any other property, assets and/or sums which have been charged, assigned, pledged and/or otherwise made subject to the security created by the Issuer in favour of the Trustee pursuant to the Security Deed.

  • Permitted Security Interests means (i) any Security Interest for taxes, assessments or governmental charges or levies which relate to obligations not yet due and delinquent, (ii) easements, servitudes, encroachments and other minor imperfections of title which do not, individually or in the aggregate, detract from the value of or impair the use or marketability of any real property, and (iii) undetermined or inchoate Security Interests arising or potentially arising under statutory provisions which have not at the relevant time been filed or registered in accordance with applicable laws or of which written notice has not been given in accordance with applicable laws;

  • Prior Security Interest means a valid and enforceable perfected first-priority security interest under the Uniform Commercial Code in the Collateral which is subject only to statutory Liens for taxes not yet due and payable or Purchase Money Security Interests.

  • Levies means an amount in respect of Body Corporate levies, an estimate of which described in clause 6;

  • Permitted Security Interest means any Security Interest:

  • Purchase Money Liens means Liens securing purchase money Indebtedness incurred in connection with the acquisition of capital assets by Parent or any Subsidiary in the ordinary course of business, provided that such Liens do not extend to or cover assets or properties other than those purchased in connection with the purchase in which such Indebtedness was incurred and that the obligation secured by any such Lien so created shall not exceed one hundred percent (100%) of the cost of the property covered thereby.

  • Charged Property means all of the assets which from time to time are, or are expressed to be, the subject of the Transaction Security.

  • Permitted Right of Others means a Right of Others consisting of (a) an interest (other than a legal or equitable co-ownership interest, an option or right to acquire a legal or equitable co-ownership interest and any interest of a ground lessor under a ground lease), that does not materially impair the fair market value or use of Property for the purposes for which it is or may reasonably be expected to be held, (b) an option or right to acquire a Lien that would be a Permitted Encumbrance, (c) the subordination of a lease or sublease in favor of a financing entity and (d) a license, or similar right, of or to Intangible Assets granted in the ordinary course of business.

  • Pledged Property means all Pledged Notes, Pledged Interests, Pledged Shares, all assignments of any amounts due or to become due with respect to the Pledged Interests or the Pledged Shares, all other instruments which are now being delivered by any Grantor to the Administrative Agent or may from time to time hereafter be delivered by any Grantor to the Administrative Agent for the purpose of pledging under this Security Agreement or any other Credit Document, and all proceeds of any of the foregoing.

  • Real Property Security Documents means with respect to the fee interest of any Loan Party in any real property:

  • Mortgages means, individually and collectively, one or more mortgages, deeds of trust, or deeds to secure debt, executed and delivered by Parent or its Subsidiaries in favor of Agent, in form and substance reasonably satisfactory to Agent, that encumber the Real Property Collateral.