Lien Claim definition

Lien Claim means any Proven Claim of a Person indicated as a secured creditor in Schedule “B” to the Initial Order (other than the Trustees) that is secured by a lien or encumbrance on any property of SFC, which lien is valid, perfected and enforceable pursuant to Applicable Law, provided that the Charges and any Claims in respect of Notes shall not constitute “Lien Claims”.
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Lien Claim means any Secured Claim that is not: (a) a DIP Claim or (b) a Prepetition Secured Lender Claim.
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Lien Claim means a claim, by a claimant, for money for the value
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Examples of Lien Claim in a sentence

  • Lender shall have full power and authority, but no obligation, to apply any amount deposited with Lender under this subsection to the payment of any unpaid Imposition or Lien Claim to prevent the sale or forfeiture of the Mortgaged Property for non-payment thereof, if Lender reasonably believes that such sale or forfeiture is threatened.

  • Any such contest shall be prosecuted with due diligence, and Borrower shall promptly pay the amount of such Imposition or Lien Claim as finally determined, together with all interest and penalties payable in connection therewith.

  • Any surplus retained by Lender after payment of the Imposition or Lien Claim for which a deposit was made shall be promptly repaid to Borrower unless an Event of Default shall have occurred, in which case said surplus may be retained by Lender to be applied as Lender, in its sole and absolute discretion, may elect.

  • Without limiting the generality of this Section 4.2, the Manager shall be required to pay or discharge any Lien Claim (1) that results from an act or omission by the Manager with respect to which the Manager would not be entitled to indemnification pursuant to Section 16 hereof (“Manager Malfeasance”) or (2) if prior to such payment or discharge, the Manager receives from the Issuer the amount thereof (the “Owner Lien Claim Amount”).

  • The LC shall be issued by a national money center bank or governmental agency reasonably acceptable to Landlord, and shall be substantially in the form attached hereto as Exhibit “F”.


More Definitions of Lien Claim

Lien Claim means a claim, excluding interest
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Lien Claim means the right of any Person to assert or claim a lien under the Provincial Lien Legislation in respect of the supply of labour, materials and/or services to the Project;
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Lien Claim means any Secured Claim that is not a Senior Secured Credit Agreement Claim.
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Lien Claim means a claim of any Lien Claimant to the extent of such Lien Claimant’s entitlement to receive payment from the major lien fund, as defined in the BLA, as it relates to the Work performed by the Lien Claimant or a subrogated claim for such Work;
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Lien Claim means a claim by any Person asserting a lien, a notice to lien, a preliminary notice to lien, security interest or other monetary encumbrance related to a Site.
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Lien Claim means a claim on account of which (A)
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Lien Claim means a claim filed by a property owner against a licensed landscape contracting business to discharge or to recoup funds expended in discharging a construction lien on a given job site located within the boundaries of the State of Oregon when the work performed is subject to ORS 671.510 to 671.760.
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