Permitted Security Interests definition

Permitted Security Interests means (i) any Security Interest for taxes, assessments or governmental charges or levies which relate to obligations not yet due and delinquent, (ii) easements, servitudes, encroachments and other minor imperfections of title which do not, individually or in the aggregate, detract from the value of or impair the use or marketability of any real property, and (iii) undetermined or inchoate Security Interests arising or potentially arising under statutory provisions which have not at the relevant time been filed or registered in accordance with applicable laws or of which written notice has not been given in accordance with applicable laws;

Permitted Security Interests means, in relation to the Ship, any Security Interest over it which is:

Permitted Security Interests means, in relation to any Mortgaged Ship, any Security Interest over it which is:

Examples of Permitted Security Interests in a sentence

• Except as approved by the Majority Lenders and for Permitted Security Interests, no Obligor will grant or allow to exist any Security Interest over any Charged Property.

• Permitted Security Interests means, in relation to any Charged Property, any Security Interest over it which is:(a) granted by the Finance Documents; or (b) a Permitted Maritime Lien; or (c) is approved by the Majority Lenders.

• Subject to the Legal Reservations and the Perfection Requirements, the security created by the Security Documents has (or will have when the Security Documents have been executed) the priority which it is expressed to have in the Security Documents, the Charged Property is not subject to any Security Interest other than Permitted Security Interests and such security will constitute perfected security on the assets described in the Security Documents.

• Other than Permitted Security Interests, no Security Interest exists over all or any of the present or future assets of any Obligor in breach of this Agreement.

More Definitions of Permitted Security Interests

Permitted Security Interests means any:

Permitted Security Interests has the meaning set forth in Section 4.11.

Permitted Security Interests means, in relation to any Charged Property, any Security Interest over it which is:

Permitted Security Interests means any Security Interest which is:

Permitted Security Interests means with respect to any property or asset of any Person:

Permitted Security Interests means the Security Interests detailed in Schedule 1.28 attached hereto;

Permitted Security Interests means "Permitted Liens" as such term is defined in the Credit Agreement.