Permitted Liens and Encumbrances has the meaning specified in the Indenture.

Permitted Liens and Encumbrances has the meaning set forth in Section 1.2.5 hereof.

Permitted Liens and Encumbrances shall have the meaning assigned to such term in the Indenture.

Examples of Permitted Liens and Encumbrances in a sentence

As of the date hereof, and at all times thereafter until the Loan has been paid in full, the Borrower will be the fee simple owner of the applicable portion of the Real Estate described in the Mortgage executed by the Borrower, free and clear of all liens, encumbrances, leases, management agreements, service agreements, rental agreements, occupancy agreements, claims and charges except as may be approved, in writing by Lender, except for the Permitted Liens and Encumbrances.
The Borrower shall not create or permit to be outstanding any mortgage, encumbrance, or lien on the Real Estate or the Secured Assets except the Permitted Liens and Encumbrances, or as otherwise permitted hereunder.
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Except for the Permitted Liens and Encumbrances, Borrower has not taken, suffered or permitted any action, the effect of which would be to establish or cause the inception or priority of any construction or materialman’s lien, statutory or otherwise, or other lien, charge or encumbrance upon the Real Estate or the Secured Assets to be prior or superior to the liens and security interests of the Collateral Security Documents.
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More Definitions of Permitted Liens and Encumbrances

Permitted Liens and Encumbrances mean, as to any assets or property, any (i) Liens or Encumbrances securing Taxes, assessments or other governmental charges which are not yet due or which are being diligently contested in good faith by appropriate proceedings if adequate reserves have been established in accordance with New York SAP, or in the case of Mortgage Loans, funds are held in escrow sufficient to discharge such liens or the borrower has posted a bond in the amount of such lien, and (ii) Liens or Encumbrances imposed by law or incurred in the ordinary course of business with respect to the claims of materialmen, mechanics, carriers, warehousemen, landlords and other Persons which (a) are not yet due and payable and which do not materially detract from the value of such property or assets or materially impair the use thereof in the operation of the Business, or (b) are being diligently contested in good faith and by proper proceedings if adequate reserves have been established with respect thereto in accordance with New York SAP.

Permitted Liens and Encumbrances as used in the Loan Agreement shall be deemed to include the Revolving Loan Mortgage and the other liens and encumbrances evidenced by the Revolving Loan and any liens and encumbrances shown on the Revolving Loan Title Policy.

Permitted Liens and Encumbrances means (a) liens for current taxes not yet due and payable, (b) easements, restrictions, encroachments, protrusions and other similar minor title defects affecting the Real Property (none of which is material in adverse effect, materially detracts from the value of the Real Property, or materially impairs the use of the Real Property for the Business), and (c) zoning laws and other land use restrictions that do not impair the use of the Real Property for the Business.

Permitted Liens and Encumbrances has the meaning set forth in SECTION 1.2.5 hereof.

Permitted Liens and Encumbrances means those liens and encumbrances affecting all or a portion of the Sub-Loan Collateral which are set forth in the applicable Title Policy.

Permitted Liens and Encumbrances means any of the following:

Permitted Liens and Encumbrances means (a) mechanic’s, materialmen’s, lessors, and similar Liens, (b) Liens for Taxes not yet due and payable or for Taxes that the taxpayer is contesting in good faith through appropriate proceedings, (c) other Liens which do not materially and adversely impair the use or value of the Acquired Assets arising in the Ordinary Course of Business and not incurred in connection with the borrowing of money, (d) other licensing obligations attendant to participating, in the Ordinary Course of Business, in standard-setting activities with respect to a standard setting organization or project, and (e) with respect to any leased or licensed asset or right, the terms and conditions of such lease or license and the rights of the lessor, lessee, licensor or licensee thereunder.