continuing Lien definition

continuing Lien on the Pledged Collateral that shall (i) remain in full force and effect until payment in full of the Securities, (ii) be binding upon the Company and its successors and assigns and (iii) enure to the benefit of the Trustee and its successors, transferees and assigns.
Sample 1

Examples of continuing Lien in a sentence

  • To secure the full and punctual payment and performance of all of the Indebtedness, each Borrower hereby sells, assigns, conveys, pledges and transfers to Lender and grants to Lender a first priority and continuing Lien on and security interest in and to its Account Collateral.

  • This Indenture shall evidence a continuing Lien on and security interest in the Trust Estate to secure the Secured Obligations, including the full payment of the principal, interest and other amounts on all the Notes, which shall in all respects be equally and ratably secured hereby without preference, priority or distinction on account of the actual time or times of the authentication and delivery of the Notes.

  • This Mortgage shall create a continuing Lien on and security interest in the Mortgaged Property and shall (i) be binding upon the Mortgagor, its respective successors and assigns and (ii) inure, together with the rights and remedies of the Mortgagee hereunder, to the benefit of the Mortgagee and the other Secured Parties and each of their respective successors, transferees and assigns.

  • This Agreement shall create a continuing Lien in the Borrower Collateral until the date such security interest is released by Administrative Agent and the Lenders.

  • This Mortgage shall create a continuing Lien on and security interest in the Mortgaged Property and shall (i) be binding upon the Mortgagor, its successors and assigns and (ii) inure, together with the rights and remedies of the Mortgagee hereunder, to the benefit of the Mortgagee for the benefit of the Secured Parties and each of their respective successors, transferees and assigns.

  • This Agreement is effective to create a valid and continuing Lien upon the Collateral.

  • This Agreement shall create a continuing Lien in the Borrower Collateral until the date such security interest is released by the Administrative Agent.

  • This Deed of Trust shall create a continuing Lien on and security interest in the Mortgaged Property and shall (i) be binding upon the Grantor, its respective successors and assigns and (ii) inure, together with the rights and remedies of the Beneficiary and the Trustee hereunder, to the benefit of the Beneficiary and the Trustee and the other Secured Parties and each of their respective successors, transferees and assigns.

  • This ---------------------------------------- Mortgage shall create a continuing Lien on and security interest in the Mortgaged Property and shall (i) be binding upon the Mortgagor, its respective successors and assigns and (ii) inure, together with the rights and remedies of the Mortgagee hereunder, to the benefit of the Mortgagee and the other Secured Parties and each of their respective successors, transferees and assigns.

  • This Agreement shall create a continuing Lien in the Collateral until the release thereof pursuant to Section 18.

Related to continuing Lien

  • Existing Lien shall have the meaning assigned to such term in Section 6.02(c).

  • Existing Liens means Liens on the property or assets of the Company and/or any of its Subsidiaries existing on the date of this Indenture securing Indebtedness of the Company or any of its Subsidiaries (other than Liens incurred pursuant to clause (1) of Section 4.07 hereof).

  • DIP Financing Liens has the meaning assigned to such term in Section 2.05(b).

  • Continuing Obligations means obligations or responsibilities that are reasonably expected to or actually continue or arise after Operations on a particular area of the Properties have ceased or are suspended, such as future monitoring, stabilization, or Environmental Compliance.

  • Continuing care means some or all of the following services:

  • Continuing Arrangements means those arrangements set forth on Schedule 1.1(24) and such other commercial arrangements among the Parties that are intended to survive and continue following the Separation Time; provided, however, that for the avoidance of doubt, Continuing Arrangements shall not be Third Party Agreements.

  • Discharge of Senior Lender Claims means, except to the extent otherwise provided in Section 5.7 below, payment in full in cash (except for contingent indemnities and cost and reimbursement obligations to the extent no claim has been made) of (a) all Obligations in respect of all outstanding Senior Lender Claims and, with respect to letters of credit or letter of credit guaranties outstanding thereunder, delivery of cash collateral or backstop letters of credit in respect thereof in compliance with the Credit Agreement, in each case after or concurrently with the termination of all commitments to extend credit thereunder and (b) any other Senior Lender Claims that are due and payable or otherwise accrued and owing at or prior to the time such principal and interest are paid; provided that the Discharge of Senior Lender Claims shall not be deemed to have occurred if such payments are made with the proceeds of other Senior Lender Claims that constitute an exchange or replacement for or a refinancing of such Obligations or Senior Lender Claims. In the event the Senior Lender Claims are modified and the Obligations are paid over time or otherwise modified pursuant to Section 1129 of the Bankruptcy Code, the Senior Lender Claims shall be deemed to be discharged when the final payment is made, in cash, in respect of such indebtedness and any obligations pursuant to such new indebtedness shall have been satisfied.

  • Discharge of Senior Obligations means the date on which the Discharge of Credit Agreement Obligations and the Discharge of each Additional Senior Debt Facility has occurred.

  • Permitted Existing Liens means the Liens on assets of the Borrower and its Subsidiaries identified as such on Schedule 1.1.3 to this Agreement.

  • Senior Priority Obligations as defined in the Base Intercreditor Agreement.

  • DIP means debtor-in-possession.

  • Discharge of ABL Obligations has the meaning specified in the Intercreditor Agreement.

  • Discharge of First Lien Obligations shall have the meaning assigned to such term in the Intercreditor Agreement.

  • Senior Obligations is defined in Section 5.1 of this Agreement.

  • Junior Priority Obligations means the Initial Junior Priority Obligations and any Additional Obligations constituting Junior Priority Debt.

  • Ceiling Lien City Purpose: Prod Code: Curr CLTV: Prin Maturity Cr. Cr. 2732514 CA 300 14 $240,000.00 07/06/1999 1.75 42 106990000732514 0 Xxxx Xxxxx 02 281 1 $327,000.00 01/06/1999 18.00 0 Xx Xxxxx Xxxxx 00000 2 11.25 89 $44,578.87 01/06/2024 $50,000 741 2735476 CA 300 14 $565,000.00 04/06/1999 1.25 38 106990000735476 000 Xxxxxxxx Xxxxxx 02 281 1 $1,660,000.00 01/06/1999 18.00 2 Palo Alto 94301 2 10.75 47 $71,820.86 01/06/2024 $200,000 762 2729587 MA 180 14 $164,000.00 04/11/1999 0.50 20 125990000729587 0 Xxxxxx Xxxx Xxxx 02 161 1 $253,000.00 01/11/1999 18.00 2 Groveland 01834 3 10 75 $15,451.89 01/11/2014 $25,000 770 2735668 CA 180 14 $420,000.00 07/12/1999 2.00 37 106990000735668 810 Xxxxxxxx 01 161 1 $525,000.00 01/12/1999 24.00 2 Los Angeles 90272 3 11.5 90 $10,000.00 01/12/2014 $52,500 799 2739183 CA 300 14 $240,000.00 07/15/1999 0.50 42 106990000739183 0000 Xxxxxxx Xxxx 01 281 1 $339,000.00 01/15/1999 18.00 2 Santa Xxx 92705 2 10 75 $5,665.68 01/15/2024 $14,200 696 2734046 MA 300 14 $200,000.00 04/15/1999 0.38 31 125990000734046 00 Xxx Xxxx 01 281 1 $472,500.00 01/15/1999 18.00 2 Sherborn 01770 2 9.88 64 $18,000.00 01/15/2024 $100,000 777 2734010 NJ 300 14 $157,000.00 07/18/1999 0.50 31 134990000734010 00 Xxxxxx Xxxx Xxxx 00 000 0 $220,000.00 01/18/1999 18.00 2 Marlboro 07746 2 10 80 $17,772.30 01/18/2024 $19,000 729 2748791 UT 180 14 $194,300.00 07/20/1999 1.00 45 149990000748791 6459 West 7800 South 02 161 1 $350,000.00 01/20/1999 18.00 2 West Jordan 84088 1 10.5 60 $12,500.00 01/20/2014 $12,500 656 2736627 CO 300 14 $261,000.00 04/27/1999 0.50 41 108990000736627 0000 Xxxx Xxxxxx Xxxxx 01 281 1 $350,000.00 01/27/1999 18.00 2 Lakewood 80227 2 10 80 $7,000.00 01/27/2024 $17,400 743 2736781 GA 300 14 $315,000.00 04/28/1999 2.75 38 000000000000000 0000 Xxxxxxxxx Xxxxx 01 281 1 $405,000.00 01/28/1999 18.00 2 Xxxxxxx 00000 2 12.25 90 $32,447.51 01/28/2024 $49,500 774 2736049 NH 180 14 $71,200.00 04/29/1999 1.75 31 133990000736049 0000 Xxxx Xxxxxx 02 161 1 $103,000.00 01/29/1999 24.00 2 Manchester 03103 3 11.25 90 $19,000.00 01/29/2014 $21,500 775 2745977 CA 300 14 $649,999.00 08/01/1999 0.75 45 106990000745977 0000 Xxxx Xxxxxx 02 282 1 $1,000,000.00 02/01/1999 18.00 2 Xxx Xxxxxxxxx 00000 2 10.25 79 $43,551.14 02/01/2024 $135,900 730

  • First Priority Obligations means (a) with respect to the Existing First Priority Agreement, all “Obligations” of each Loan Party as defined in the Existing First Priority Agreement and (b) with respect to each other First Priority Agreement, all “Obligations” of each Loan Party as defined in such First Priority Agreement, and shall in any event include (i) all principal of and interest (including without limitation any Post-Petition Interest) and premium (if any) on all loans made or other indebtedness issued or incurred pursuant to such First Priority Agreement, (ii) all reimbursement obligations (if any) and interest thereon (including without limitation any Post-Petition Interest) with respect to any letter of credit or similar instruments issued pursuant to such First Priority Agreement, (iii) all Specified Swap Agreements, (iv) all Specified Cash Management Agreements and (v) all guarantee obligations, fees, expenses and other amounts payable from time to time pursuant to the applicable First Priority Documents, in each case whether or not allowed or allowable in an Insolvency Proceeding. To the extent any payment with respect to any First Priority Obligation (whether by or on behalf of any Loan Party, as proceeds of security, enforcement of any right of setoff or otherwise) is declared to be a fraudulent conveyance or a preference in any respect, set aside or required to be paid to a debtor in possession, any Second Priority Secured Party, receiver or similar Person, then the obligation or part thereof originally intended to be satisfied shall, for the purposes of this Agreement and the rights and obligations of the First Priority Secured Parties and the Second Priority Secured Parties, be deemed to be reinstated and outstanding as if such payment had not occurred.

  • Discharge of Second Lien Obligations means the occurrence of all of the following:

  • Prepetition Collateral shall refer to (i) all of the Borrower’s personal property upon which a security interest may be granted under the Uniform Commercial Code, (ii) all of the Borrower’s real property, (iii) all of the Borrower’s assets in or upon which a lien or other security interest has otherwise been granted in favor or for the benefit of the Prepetition Agent and the Prepetition Lenders in connection with, pursuant to, or under, the Prepetition Credit Agreement and the other Prepetition Financing Documents, and (iv) any of the Borrower’s assets otherwise held by the Prepetition Agent or any Prepetition Lender or otherwise provided to the Prepetition Agent or any Prepetition Lender as security for the Prepetition Indebtedness, in each case that existed as of the Petition Date or at any time prepetition and, subject to section 552 of the Bankruptcy Code, postpetition proceeds, products, offspring, rents and profits of all of the foregoing.

  • Additional Senior Obligations means all indebtedness of the Company whether incurred on or prior to the date of this Indenture or thereafter incurred, for claims in respect of derivative products such as interest and foreign exchange rate contracts, commodity contracts and similar arrangements; provided, however, that Additional Senior Obligations does not include claims in respect of Senior Debt or Subordinated Debt or obligations which, by their terms, are expressly stated to be not superior in right of payment to the Debentures or to rank pari passu in right of payment with the Debentures. For purposes of this definition, "claim" shall have the meaning assigned thereto in Section 101(4) of the United States Bankruptcy Code of 1978, as amended.

  • Excluded Obligations has the meaning set forth in Section 2.5.

  • Second Lien With respect to each Mortgaged Property, the lien of the mortgage, deed of trust or other instrument securing a Mortgage Note which creates a second lien on the Mortgaged Property.

  • Continuing Contract means a contract for Professional Services entered into in accordance with Section 287.055 of the Florida Statutes, between the District and a firm, whereby the firm provides Professional Services to the District for projects in which the costs do not exceed two million dollars ($2,000,000), for a study activity when the fee for such Professional Services to the District does not exceed two hundred thousand dollars ($200,000), or for work of a specified nature as outlined in the contract with the District, with no time limitation except that the contract must provide a termination clause (for example, a contract for general District engineering services). Firms providing Professional Services under Continuing Contracts shall not be required to bid against one another.

  • ABL Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any ABL Obligations.

  • First Lien Collateral Documents means the “Security Documents” or “Collateral Documents” or similar term (as defined in the applicable First Lien Loan Documents) and any other agreement, document or instrument pursuant to which a Lien is granted securing any First Lien Obligations or pursuant to which any such Lien is perfected.