Lien or Other Encumbrance definition

Lien or Other Encumbrance means, with respect to any asset, any mortgage, lien, pledge, security interest, claim, charge, option, right of first refusal or other encumbrance, restriction or limitation of any kind in respect of such asset.
Lien or Other Encumbrance or “Encumbrance” means any lien, pledge, hypothec, mortgage, security interest of any nature, adverse claim, reservation, easement, title retention agreement, claim, lease, charge, option, right of first refusal, easement, servitude, transfer restriction under any shareholder or similar agreement, encumbrance or any other restriction or limitation whatsoever, or any Contract to create any of the foregoing;
Lien or Other Encumbrance means any lien, pledge, mortgage, security interest, claim, lease, charge, option, right of first refusal, easement, servitude, transfer restriction under any shareholder or similar agreement, encumbrance or any other restriction or limitation whatsoever.

Examples of Lien or Other Encumbrance in a sentence

  • Purchaser shall, subject to Section2.4 and Section 7.5, pay an aggregate amount equal to the Conditional Purchase Price to [Plaintiff] (on Seller’s behalf) and, if applicable, to, at Purchaser’s sole election, Seller or any creditor of an Unsatisfied Lien or Other Encumbrance, in equal installments within thirty (30) days after each of the first and second annual anniversary of the Closing Date 40Section 2.4(c), 2.4(f) and 2.4(g) (Calculation of Conditional Purchase Price)2.4(c).

  • To the Mortgagor, Any Grantee of the Mortgagor, and Any Other Person Claiming a Lien or Other Encumbrance Upon the Premises: PURSUANT TO NEW HAMPSHIRE RSA 479:25, YOU ARE HEREBY NOTIFIED THAT YOU HAVE A RIGHT TO PETITION THE SUPERIOR COURT FOR THE COUNTY IN WHICH THE MORTGAGED PREMISES ARE SITUATED, WITH SERVICE UPON THE MORTGAGEE, AND UPON SUCH BOND AS THE COURT MAY REQUIRE, TO ENJOIN THE SCHEDULED FORECLOSURE SALE.

  • The Provant Shares shall be transferred to Provant at the Closing free and clear of any Lien or Other Encumbrance.

  • Upon the Closing, Buyer will receive good and marketable title to all of the assets listed in Section 2.1(a)-(j), free and clear of any Lien or Other Encumbrance.

  • None of such property or assets is subject to any Lien or Other Encumbrance.


More Definitions of Lien or Other Encumbrance

Lien or Other Encumbrance. (or "liens or other encumbrances" or "liens or other encumbrance" or "lien or other encumbrances" as the context may require or any similar formulation) means any lien, claim, pledge, mortgage, assessment, security interest, charge, option, right of first refusal, easement, servitude, adverse claim, transfer restriction under any stockholder or similar agreement or other encumbrance of any kind.
Lien or Other Encumbrance means any lien, pledge, mortgage, security interest, lease. charge, conditional sales contract, option, restriction, reversionary interest, right of first refusal, voting trust arrangement, preemptive right, claim under bailment or storage contract, easement or any other adverse claim or right whatsoever.
Lien or Other Encumbrance means any lien, pledge (whether fixed or floating), mortgage, hypothecation, attachment, security interest, lease, charge, conditional sales contract, option, restriction, reversionary interest, deed, deposit arrangement, right of first refusal, voting trust arrangement, preemptive right, claim under bailment or storage contract, easement or any other adverse claim or right whatsoever.
Lien or Other Encumbrance means any lien, pledge, mortgage, security interest, claim, lease, charge, option, right of first refusal, easement, servitude, transfer restriction under any shareholder or similar agreement or encumbrance.
Lien or Other Encumbrance means any mortgage, lien, pledge, security interest, claim, lease, charge, option, right of first refusal, easement, restrictive covenant or other encumbrance, restriction or limitation other than (i) levies not due and payable, due and payable but not yet delinquent or which are currently being contested in good faith by appropriate proceedings and which are specifically listed in Schedule 5.4(a) attached hereto, (ii) mechanics', workmen's, repairmen's, materialmen's, warehousemen's, vendors' and carriers' liens, and other similar liens arising in the ordinary course of business for charges which are not delinquent, or which are being contested in good faith by appropriate proceedings and have not proceeded to judgment and which are specifically listed in a Schedule attached hereto, and (iii) liens in respect of judgments or awards with respect to which there shall be a good faith current prosecution of an appeal or proceedings for review and with respect to which there shall be secured an appropriate bond or a stay of execution pending such appeal or proceedings for review and which are specifically listed in a Schedule attached hereto.
Lien or Other Encumbrance means any lien, pledge (whether fixed or floating), mortgage, hypothecation, attachment, security interest, lease, charge, conditional sales contract, option, restriction, reversionary interest, deed, deposit arrangement, right of first refusal, voting trust arrangement, preemptive right, claim under bailment or storage contract, easement or any other adverse claim or right whatsoever, or any obligation, whether written or oral (including any conditional obligation) to create any of the same;
Lien or Other Encumbrance. Lien and Encumbrance," or "Lien" shall mean any lien, pledge, mortgage, security interest, claim, charge, option, right of first refusal, preferential purchase right, easement, proxy, transfer restriction under any stockholder or similar agreement, or other encumbrance of any nature whatsoever.