Security Interest or Encumbrance definition

Security Interest or Encumbrance means any mortgage, sub mortgage, standard security charge, sub charge, pledge, lien (other than a lien arising in the ordinary course of business or by operation of law), assignation in security or other encumbrance or security interest howsoever created or arising;
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Examples of Security Interest or Encumbrance in a sentence

  • At Completion, the Vendors must do all things necessary to transfer to the Purchasers the full, absolute and entire legal interest and beneficial interest in the Assets, free and clear of any Security Interest or Encumbrance (other than a Permitted Encumbrance), and to place the Purchasers in effective control of the Business and the Assets.

Related to Security Interest or Encumbrance

  • Lien means any mortgage, pledge, security interest, encumbrance, lien or charge of any kind (including any conditional sale or other title retention agreement or lease in the nature thereof).

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

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

  • Security Interests means the security interests in the Collateral created hereby.

  • Security Interest means any mortgage, charge, pledge, lien or other security interest including, without limitation, anything analogous to any of the foregoing under the laws of any jurisdiction;