Specified Liens definition

Specified Liens means the Liens described on Schedule XII affecting one or more of the Properties as of the Closing Date, provided that all such Liens on the affected Properties are affirmatively covered by Title Insurance Policies.

Specified Liens means the Liens described in clauses (a) through (e), inclusive, of Section 6.02.

Specified Liens means Liens described in Schedule X affecting one or more of the Properties as of the Closing Date, provided that all such Liens on the affected Properties are affirmatively covered by the Title Insurance Policies.

Examples of Specified Liens in a sentence

• All Equity Interests of such Subsidiaries of the Parent are owned by the Parent free and clear of all Liens (other than Permitted Specified Liens).

• All Equity Interests of such Subsidiaries of Holdings are owned by Holdings free and clear of all Liens (other than Permitted Specified Liens).

• All Equity Interests of such Subsidiaries of the Parent are owned directly or indirectly by the Parent free and clear of all Liens (other than Permitted Specified Liens).

• All Equity Interests of such Subsidiaries of the Parent are owned, directly or indirectly, by the Parent free and clear of all Liens (other than Permitted Specified Liens).

• Except as indicated on such Schedule (as such Schedule may be updated from time to time to reflect changes resulting from transactions permitted to be made under this Agreement), all shares of Equity Interests of such Subsidiaries of the Borrower are owned by the Borrower or one or more of its wholly-owned Subsidiaries, free and clear of all Liens (other than Permitted Specified Liens).

More Definitions of Specified Liens

Specified Liens means Liens permitted under Sections 6.15.2, 6.15.3, 6.15.4, 6.15.9 and 6.15.27.

Specified Liens means, collectively, (a) Excepted Liens identified in clauses (a) to (d) and (f) of the definition thereof, but subject to the provisos at the end of such definition, and (b) Liens permitted by Section 9.03(e).

Specified Liens means Fee Estate Liens and any other Lien deemed to exist in, to or on any of the Project Assets as a result of the existence, incurrence, creation or granting of any Fee Estate Lien.

Specified Liens means Liens permitted pursuant to Sections 8.1(b), (f), (h), (l), (q) and (r) of the Holdings Credit Agreement, incorporated by reference in Article VIII of the Liquidity Facility, which Liens do not as of the Closing Date, in the aggregate, secure obligations valued in excess of $5,000,000.

Specified Liens means those valid and perfected Liens on property of the Loan Parties set forth on Schedule 1 with respect to which the Administrative Agent has been granted a junior Lien pursuant to Section 364(c)(3) of the Bankruptcy Code.

Specified Liens means those valid and perfected Liens on property of the Borrower and the Guarantor with respect to which the Administrative Agent has been granted a junior Lien pursuant to Section 364(c)(3) of the Bankruptcy Code and as described in Section 9.01(ii).

Specified Liens means, collectively (i) Liens arising under Governing Documents of Holdings or the Company LLC Agreement, (ii) Liens arising under this Agreement and the Ancillary Documents, (iii) Liens arising from acts of Purchaser or its affiliates taken in connection with the Closing and (iv) restrictions on transfer under applicable Law. “Statement” has the meaning assigned to it in Section 1.06(b). “Straddle Period” means any taxable period that begins on or prior to, and ends after, the Closing Date. A “subsidiary” of any person means another person an amount of the voting securities, other voting ownership or voting partnership interests of which is sufficient to elect at least a majority of its Board of Directors or other governing body (or, if there are no such voting interests, a majority of the equity interests of which) is owned directly or indirectly by such first person. “Target Working Capital” has the meaning assigned to it in Section 1.06(f)(xi). “Tax” or “Taxes” means all U.S. federal, state, local or non-U.S. taxes, including income, franchise, premium or other profits, gross receipts, property, sales, use, capital stock, payroll, employment, social security, workers’ compensation or unemployment compensation, excise, withholding, ad valorem or value added taxes, and any other governmental fees, duties, customs, tariffs or assessments imposed by any Governmental Entity, in each case in the nature of a tax, including all interest, penalties or additions imposed with respect to such amounts.