Encumbrance definition

Encumbrance means any charge, claim, community property interest, pledge, condition, equitable interest, lien (statutory or other), option, security interest, mortgage, easement, encroachment, right of way, right of first refusal, or restriction of any kind, including any restriction on use, voting, transfer, receipt of income or exercise of any other attribute of ownership.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Encumbrance means any lien, security interest, pledge, mortgage, easement, leasehold, assessment, tax, covenant, restriction, reservation, conditional sale, prior assignment, or any other encumbrance, claim, burden or charge of any nature whatsoever.

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.

Examples of Encumbrance in a sentence

There is no agreement, arrangement, option or commitment outstanding (other than this Agreement) or any Encumbrance which calls for the allotment or issue or transfer of any shares, debentures, securities or loan capital of the Company, and no person has the right (whether actual or contingent) to require the issue, allotment, or transfer of any share or loan capital or other securities of the Company.
The Shares are free from all Encumbrances and no person has claimed to be entitled to any Encumbrance over the Shares and there is no agreement or commitment entered into by any member of the Seller’s Group to give or create any Encumbrance over the Shares.
There are no powers of attorney in force given by any Target Group Member (other than those given to its representatives in the ordinary course of business or otherwise to ensure the continued operation of the Target Group or to a holder of an Encumbrance solely to facilitate its enforcement).
Save for the relevant Bond Collateral Documents (in respect of GTEC and GTOC only), there is no agreement, arrangement, option or commitment outstanding (other than this Agreement) or any Encumbrance which calls for the allotment or issue or transfer of any shares, debentures, securities or loan capital of any Subsidiary, and no person has the right (whether actual or contingent) to require the issue, allotment, or transfer of any share or loan capital or other securities of any Subsidiary.
The Seller is the sole beneficial owner of its Applicable Shares and beneficially owns such Applicable Shares free and clear of any Encumbrance or adverse claim of any kind.

More Definitions of Encumbrance

Encumbrance means any charge, pledge, mortgage, lien, hypothecation, usufruct, deed of trust, security interest, adverse claim or interest, restriction or easement of any kind.

Encumbrance means any mortgage, lien, pledge, charge, security interest, title defect, right of first refusal, claim, easement, right-of-way, option, preemptive or similar right or other restriction of any kind or nature.

Encumbrance means any mortgage, lien, charge, pledge, security interest or other encumbrance of any kind.

Encumbrance means any security interest, pledge, mortgage, lien, charge, claim, hypothecation, title defect, right of first option or refusal, right of pre-emption, third-party right or interests, put or call right, lien, adverse claim of ownership or use, or other encumbrance of any kind.

Encumbrance means any mortgage, charge (whether fixed or floating), pledge, lien, hypothecation, assignment, trust arrangement or security interest or other encumbrance of any kind securing any obligation of any person or any type of preferential arrangement (including without limitation title transfer and/or retention arrangements having a similar effect);

Encumbrance means any lien, pledge, hypothecation, charge, mortgage, security interest, encumbrance, claim, infringement, interference, option, right of first refusal, preemptive right, community property interest or restriction of any nature (including any restriction on the voting of any security, any restriction on the transfer of any security or other asset, any restriction on the receipt of any income derived from any asset, any restriction on the use of any asset and any restriction on the possession, exercise or transfer of any other attribute of ownership of any asset).

Encumbrance means any claim, charge, mortgage, lien, option, equitable right, power of sale, pledge, hypothecation, retention of title, right of pre-emption, right of first refusal or other third party right or security interest of any kind or an agreement, arrangement or obligation to create any of the foregoing;