Encumber definition
Encumber. “Encumbering,” or “Encumbrance” means the creation of a security interest, lien, pledge, mortgage or other encumbrance, whether such encumbrance be voluntary, involuntary or by operation of Applicable Law.
Encumber shall have a correlative meaning.
Encumber means the act of creating or purporting to create an Encumbrance, whether or not perfected under applicable law.
Examples of Encumber in a sentence
No Member may Encumber or permit or suffer any Encumbrance of all or any part of the Member’s Membership Interest in the Company unless the Encumbrance has been approved in writing by the Manager.
More Definitions of Encumber
Encumber means to mortgage, charge, pledge, hypothecate, create or grant a security interest in or otherwise encumber:
Encumber means or refer to any lien, claim, charge, pledge, mortgage, encumbrance, security interest, preferential arrangement, restriction on voting or alienation of any kind, adverse interest, or the interest of a third party under any conditional sale agreement, capital lease or other title retention agreement.
Encumber means the placing of a charge, mortgage, lien or other burden on all or part of the Consent Area to include lodging this Consent with anyone as collateral for loans and Encumbrance shall be construed accordingly.
Encumber means and includes security interests or agreements, mortgages, liens, pledges, charges, assignments, including collateral assignments, easements, purchase options, reservations, rights of way, servitudes, rights of first refusal, community property interests, equitable interests, claims, indentures, deeds of trust, encroachments, licenses or leases to third parties, restrictions of any kind and all other encumbrances, whether or not relating to the extension of credit or the borrowing of money.
Encumber means to suffer, accept, agree to or permit the imposition of a Lien.
Encumber has the meaning set forth in the definition of “Encumbrance.”
Encumber and other derivatives shall be construed accordingly.