Real Property Permitted Encumbrances definition

Real Property Permitted Encumbrances means: (a) the Permitted Encumbrances and (b) the following:
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Real Property Permitted Encumbrances means as to any real property, (a) Permitted Encumbrances described in clauses (a), (b), (f), (g), (h) and (i) applicable to such real property, and (b) any Lien affecting such real property permitted by Section 6.3.
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Real Property Permitted Encumbrances means the encumbrances ------------------------------------ identified on Schedule 1.1. ------------
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Examples of Real Property Permitted Encumbrances in a sentence

  • With respect to the Business Leased Real Property, Sellers are currently in possession thereof and have valid leasehold interests therein in accordance with the terms of the controlling leases, except for the Real Property Permitted Encumbrances.

  • Prior to Closing, Sellers shall take any and all actions as may be necessary to cure or remove (or otherwise provide Buyer with reasonable evidence of payment of) any Liens, which are monetary in nature, other than Real Property Permitted Encumbrances, affecting the Business Real Property.

  • Subject to the terms and conditions set forth in this Agreement, at the Closing, Sellers will sell, assign, and transfer to Buyers, and Buyers will purchase and acquire all right, title and interest of Sellers in and to the Sold Assets, free and clear of all Encumbrances, other than, in the case of the Sold Real Property, Permitted Encumbrances.

  • Except as otherwise set forth on Schedule 3.05, Seller has: (i) good and defensible title to all of the tangible and intangible personal property constituting part of the Purchased Assets, free and clear of all Encumbrances other than the Permitted Encumbrances, and (ii) good and marketable fee simple title to the Real Property to be Conveyed, free and clear of all Encumbrances, other than the Real Property Permitted Encumbrances.

  • VB has good and marketable title in fee simple to all Owned Property, including all buildings and improvements situated on the Owned Property, free and clear of all Encumbrances of any nature whatsoever except Real Property Permitted Encumbrances, Encumbrances applicable to the Real Property set forth in Schedule 3.05 to the extent not included in Real Property Permitted Encumbrances, and the items to be discharged at or prior to Closing and set forth in paragraph 13 of Schedule 3.04.

  • In respect of the Permitted Encumbrances which affect the Owned Real Property (the "Real Property Permitted Encumbrances"), Metal Resources and the Company represent and warrant to Purchaser that the Real Property Permitted Encumbrances have not impaired the use of such property for its intended purpose or the ability to use and operate the Business as currently conducted on such property in any material respect.

  • In 2014 the average grade 7 child had the learning level of the average grade 4 child in 2000 (Figure 2).An experimental study evaluated a part of Indonesia’s education reforms during this period: a doubling of teachers’ base salaries.

  • Except for the Real Property Permitted Encumbrances and as otherwise set forth in Schedule 3.12.1, none of the Company Owned Real Estate is subject to any right or option of any other Person to purchase or lease or otherwise obtain title to, or an interest in, such Company Owned Real Estate, and no Person other than the Company or its Subsidiaries has any right to occupy or lease any of the Company Owned Real Estate.

  • Except as set forth in Schedule 4.10(A), ---------------- the Company has good, marketable and insurable (at ordinary rates) title in fee simple absolute to all Owned Real Property and to all buildings and structures thereon, in each case free and clear of all Encumbrances, except for Real Property Permitted Encumbrances.

  • Exhibit 10.7 Borrower's Business Location(s) Exhibit 10.10 Required Licenses and Consents Exhibit 10.12 Equity Investments Exhibit 10.13 Interests in Real Property; Permitted Encumbrances Exhibit 10.19 Trade Names, Trademarks, etc.


More Definitions of Real Property Permitted Encumbrances

Real Property Permitted Encumbrances has the meaning set forth in Section 3.12.1 hereof.
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Related to Real Property Permitted Encumbrances

  • Permitted Encumbrances means:

  • Permitted Encumbrance means, with respect to any Mortgaged Property, such exceptions to title as are set forth in the title insurance policy or title commitment delivered with respect thereto, all of which exceptions must be acceptable to the Administrative Agent in its reasonable discretion.

  • Permitted Real Property Encumbrances means (i) those liens, encumbrances and other matters affecting title to any Mortgaged Property listed in the applicable title policy in respect thereof (or any update thereto) and found, on the date of delivery of such title policy to the Administrative Agent in accordance with the terms hereof, reasonably acceptable by the Administrative Agent, (ii) as to any particular real property at any time, such easements, encroachments, covenants, restrictions, rights of way, minor defects, irregularities or encumbrances on title which do not, in the reasonable opinion of the Administrative Agent, materially impair such real property for the purpose for which it is held by the mortgagor or owner, as the case may be, thereof, or the Lien held by the Administrative Agent, (iii) municipal and zoning laws, regulations, codes and ordinances, which are not violated in any material respect by the existing improvements and the present use made by the mortgagor or owner, as the case may be, of such real property, (iv) general real estate taxes and assessments not yet delinquent, and (v) such other items as the Administrative Agent may consent to.

  • Company Permitted Liens means (i) mechanics’, materialmen’s, carriers’, workmen’s, repairmen’s, vendors’, operators’ or other like Liens, if any, arising in the ordinary course of business of the Company; (ii) Liens arising under original purchase price conditional sales contracts and equipment leases with third parties entered into in the ordinary course of business; (iii) title defects or Liens (other than those constituting Liens for the payment of Indebtedness), if any, that do not or would not, individually or in the aggregate, impair in any material respect the use or occupancy of the assets of the Company and its Subsidiaries, taken as a whole; (iv) Liens for Taxes that are not yet due or payable or that may thereafter be paid without penalty being contested in good faith and for which adequate accruals or reserves have been established in accordance with GAAP; (v) Liens supporting surety bonds, performance bonds and similar obligations issued in the ordinary course of business of the Company and its Subsidiaries; (vi) Liens not created by the Company or its Subsidiaries that affect the underlying fee interest of a Company Leased Real Property; (vii) Liens that are disclosed on the most recent consolidated balance sheet of the Company included in the Company Filed SEC Documents or notes thereto or securing liabilities reflected on such balance sheet; (viii) Liens arising under or pursuant to the organizational documents of the Company or any of its Subsidiaries; (ix) grants to others of Rights-of-Way, surface leases or crossing rights and amendments, modifications, and releases of Rights-of-Way, surface leases or crossing rights in the ordinary course of business; (x) with respect to Rights-of-Way, restrictions on the exercise of any of the rights under a granting instrument that are set forth therein or in another executed agreement, that is of public record or to which the Company or any of its Subsidiaries otherwise has access, between the parties thereto; (xi) Liens which an accurate up-to-date survey would show; (xii) Liens resulting from any facts or circumstances relating to Parent or any of its Affiliates; and (xiii) Liens that do not and would not reasonably be expected to materially impair the continued use of a Company Owned Real Property or a Company Leased Real Property as presently operated.

  • Real Property Interests means all interests in real property of whatever nature, including easements, whether as owner or holder of a Security Interest, lessor, sublessor, lessee, sublessee or otherwise.

  • Customary Permitted Liens means, with respect to any Person, any of the following Liens:

  • Permitted Liens means, with respect to any Person:

  • Blanket encumbrance means a trust deed or mortgage or any other lien or encumbrance,

  • Permitted Existing Liens means the Liens on assets of the Borrower and its Subsidiaries identified as such on Schedule 1.1.3 to this Agreement.

  • Real Properties means, at any time, a collective reference to each of the facilities and real properties owned, leased or operated by the Consolidated Parties at such time.

  • Real Property Leases means all leases, sub-leases, licenses or other agreements, in each case, pursuant to which any Group Company leases or sub-leases any real property.

  • Real Property Laws has the meaning set forth in Section 4(l) below.

  • Real Property means, collectively, all right, title and interest (including any leasehold, mineral or other estate) in and to any and all parcels of or interests in real property owned or leased by any Person, whether by lease, license or other means, together with, in each case, all easements, hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, all general intangibles and contract rights and other property and rights incidental to the ownership, lease or operation thereof.

  • Real Property Lease means any lease, sublease, license or other Contract with respect to Real Property.

  • Title V Permit means an operating permit under Title V of the Act.

  • Encumbrances means liens, charges, pledges, options, mortgages, deeds of trust, security interests, claims, restrictions (whether on voting, sale, transfer, disposition, or otherwise), easements, and other encumbrances of every type and description, whether imposed by law, agreement, understanding, or otherwise.

  • Seller Liens shall have the meaning set forth in Section 4.3.

  • Personal Property Leases has the meaning set forth in Section 2.1(e).

  • Material Leasehold Property means a Leasehold Property which (a) is a retail or super store or distribution center or (b) has been reasonably determined by the Administrative Agent to be of material value as Collateral or of material importance to the operations of the Credit Parties after weighing the value of such property as additional Collateral against the costs and expenses associated with satisfying the requirements of Section 6.13.

  • Permitted Exceptions shall have the meaning set forth in Section 4.3.

  • Liens means a lien, charge, pledge, security interest, encumbrance, right of first refusal, preemptive right or other restriction.

  • Real Property Documents means any material contract or agreement constituting or creating an estate or interest in any portion of the Site, including, without limitation, the Lease Agreements and the Subleases.

  • Landlord Liens means liens on or against the Leased Property or any payment of Rent (a) which result from any act of, or any claim against, Landlord or any owner (other than Tenant) of a direct or indirect interest in the Leased Property, or which result from any violation by Landlord of any terms of this Agreement or the Purchase Agreement, or (b) which result from liens in favor of any taxing authority by reason of any tax owed by Landlord or any fee owner of a direct or indirect interest in the Leased Property; provided, however, that "Landlord Lien" shall not include any lien resulting from any tax for which Tenant is obligated to pay or indemnify Landlord against until such time as Tenant shall have already paid to or on behalf of Landlord the tax or the required indemnity with respect to the same.

  • Mortgaged Real Property means any parcel of Real Property that shall become subject to a Mortgage after the Closing Date, in each case together with all of such Credit Party’s right, title and interest in the improvements and buildings thereon and all appurtenances, easements or other rights belonging thereto.

  • Ground Leases Those certain leases with respect to real property that is a portion of the Leased Property, pursuant to which Landlord is a tenant and which leases have either been approved by Tenant or are in existence as of the date hereof and listed on Schedule A hereto.

  • Prior Liens means Liens which, pursuant to the provisions of any Security Document, are or may be superior to the Lien of such Security Document.