Encumbering definition

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.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Encumbering shall have corresponding meanings;

Encumbering or “Encumbrance” means the creation, or the existence, of a lien (statutory or otherwise), mortgage, deed of trust, claim, option, lease, easement, charge, pledge, security interest, hypothecation, assignment, use restriction or other encumbrance of any kind or nature whatsoever, whether voluntary or involuntary, ▇▇▇▇▇▇ or inchoate (including any agreement to give any of the foregoing), and any conditional sale or other title retention agreement.

Examples of Encumbering in a sentence

Encumbering real property on which there is a federal interest without prior Treasury approval is an unauthorized use of the property and of project trust funds under this award.
Evogene shall not be required to make any amendments to such Encumbering Agreements in order to adapt them to the provisions of this Agreement.
Evogene shall not license any Homolog of any Special Collaboration Hit (including any Encumbered Special Collaboration Hit except to the extent subject to any Existing or Future Encumbering Agreement) to any Third Party for use in the Monsanto Crops for the longer of (a) the end of the Exclusivity Period or (b) the Non-Disclosure Period for such Special Collaboration Hit.
Such Interests shall be deemed ROFR Interests offered to the other Members under Section 13.5 at a price equal to the Fair Market Value of such Interests, and if such offer is accepted pursuant to Section 13.5, then such Encumbering Member shall be obligated to Transfer such Membership Interests in accordance with Section 13.5 and this Section 13.6.
If any of the UBC Lands within the Development Areas becomes subject to any Conflicting Encumbrance (other than a Conflicting Encumbrance that has been consented to by the other Party under Section 18.1) as a result of an act or omission of either Party (the “Encumbering Party”), then the Encumbering Party will immediately take all necessary steps to remove or to assist the other Party in the removal of such Conflicting Encumbrance.
Furthermore, he/she/it is aware that submission of false documents and/or information constitutes a punishable offense according to the Legislation; The Collateral does not have any feature that, if revealed, would cause it to be damaged, destroyed, devalued or impaired; The Collateral is not taken out of circulation; Encumbering of the Collateral with pledge under the terms and conditions of the Agreement does not violate the Legislation and the legal rights and interests of another Person.
Upon the termination of Employee's employment with the Company, Employee shall not take from the premises of the Company and shall return to the premises, if previously taken, any such Confidential Information and any records, files or other documents, or copies thereof, relating to the business or affairs of the Company.
Tenant agrees that any such entry into the Premises shall be subject to all of the applicable terms, covenants, conditions and provisions of the Lease, but specifically excluding the covenant to pay Rent, it being understood that the same, in and of itself, shall not be deemed to be early possession.
If the Encumbering Party fails to remove such Conflicting Encumbrance within ten Business Days after notice from the other Party to remove the Conflicting Encumbrance, the other Party may take whatever steps it deems necessary to remove the Conflicting Encumbrance at the cost of the Encumbering Party.
Pathnet shall subordinate its interest in the Facilities to (i) all deeds of trust, deeds to secure debts, mortgages and other security instruments now or hereafter Encumbering all or any portion of the real property relating to the Facilities described on Schedule G (each, a "Facility Encumbrance") and (ii) any increases, renewals, modifications, consolidations, replacements and extensions of any such Facility Encumbrance.

More Definitions of Encumbering

Encumbering or “Encumbrances” means pledges, restrictions on transfer, proxies and voting or other agreements, liens, claims, charges, mortgages, security interests or other legal or equitable encumbrances, limitations or restrictions of any nature whatsoever.

Encumbering a transaction means setting aside the funds for that transaction to ensure they are available when payment is due. A PO encumbers funds; however, funds for non-procurement purchases can also be encumbered with a DPO. The DPO is a tool that allows the Using Department to encumber and reserve funds ahead of time. During the time period under review for the Scope 1 Forensic Investigation, the use of DPOs was optional. To begin the creation of a DPO, the department-authorized employee identifies the purchasing need, determines that the transaction is not subject to the procurement regulations, selects a vendor, and completes the transaction.

Encumbering. Project funds on the Grantee’s books to pay for services, goods, or property not yet rendered or the title to which the Grantee has not yet accepted does not constitute funds being expended or an expenditure being made.

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 Law.

Encumbering shall be construed accordingly;