Third Party Lien definition

Third Party Lien excludes Security (i) granted pursuant to any Finance Documents and (ii) the creation, incurrence or assumption of which is not prohibited by the terms of the 2012/2032 Indentures. The terms “Lien”, “Debt” and “Sale and Leaseback Transactions” are all as defined in the 2012/2032 Indentures.
Third Party Lien means any interest in property or any interest or right in any contract securing an obligation owed to, or a claim by, a Person other than the owner of the property, whether such interest is based on the common law, statute or contract, and including but not limited to the lien or security interest arising from a mortgage, deed of trust, lease, claim or right of a mechanic or materialman supplying materials or labor, encumbrance, pledge, hypothecation, assignment, conditional sale, trust receipt, deposit arrangement, charge, encumbrance, statute or other security agreement or arrangement of any kind or nature whatsoever creating in favor of any creditor a right in respect of any particular asset that is prior to the right of any other creditor in respect of such asset.

Examples of Third Party Lien in a sentence

  • All legal liens asserted within the required timeframe set forth above will be resolved in accordance with the Deepwater Horizon Medical Benefits Settlement Third- Party Lien Procedures.

  • Where the third party exercises its rights under the Third Party Lien, to the extent that any funds held on the account are committed to future payments inaccordance with the terms and conditions of the relevant investment(s), Davy reserves the right to dispose of any assets or use any cash held in your Davy Portfolio as may be required to fund such future commitments that are required by the terms and conditions of such investment(s).

  • Resolution 119-12 Redemption of Third Party Lien – Certificate no.

  • Where the third party exercises its rights under the Third Party Lien, to the extent that any funds held on the account are committed to future payments in accordance with the terms and conditions of the relevant investment(s), Davy reserves the right to dispose of any assets or use any cash held in your Davy Execution-Only Account as may be required to fund such future commitments as required by the terms and conditions of such investment(s).

  • On December 16, 2013, the Company received promissory note payable proceeds of$400,000 from a shareholder.

  • Where the third party exercises its rights under the Third Party Lien, to the extent that any funds held on the account are committed to future payments in accordance with the terms and conditions of the relevant investment(s), Davy reserves the right to disposeof any assets or use any cash held in your Davy Portfolio as may be required to fund such future commitments are required by the terms and conditions of such investment(s).

  • By this Motion, pursuant to sections 105(a), 363(b) and 503(b)(9) of the Bankruptcy Code, the Debtors request authority, but not direction to pay (a) Warehousing Charges, (b) Third Party Lien Claims, (c) certain amounts in connection with Commencement Date Orders, and (d) PACA/PASA Claims (each as hereinafter defined).

  • The Debtors estimate that, as of the Commencement Date, approximately$580,000 of Third Party Lien Claims remain outstanding, which will become due and payable within the first twenty-one (21) days of these chapter 11 cases.

  • INTRODUCTION OF ORDINANCESNone CONSENT RESOLUTIONSNone NON-CONSENT RESOLUTIONSResolution 056-14 Redemption of Third Party Lien – Block 1305, Lot 6A motion was made by Ms. Kanzenbach and seconded by Mr. Coranato to approve the resolution.

  • Subject to the rights of Borrower and the terms and provisions of the Proposed Oil and Gas Agreements, Borrower shall not create or incur, or suffer to be created or incurred or to exist, any Third Party Lien or Title Lien (other than EIF Liens or Permitted Liens) upon any of the Collateral, whether now owned or hereafter acquired, or upon the proceeds, income or profits therefrom, and shall pay all vendor payables and other trade payables when due.

Related to Third Party Lien

  • Third Party Licensor means the relevant licensor of any Third Party Data or any Third Party Trade Mark;

  • Third Party Debt TALF Debt and Additional Debt.

  • Third-Party Lender means an entity that originated a loan to a consumer for the purchase of a motor vehicle and sold the loan to AmeriCredit or an Originating Affiliate pursuant to an Auto Loan Purchase and Sale Agreement.

  • Third Party License means licenses from third parties governing third party software embedded or used in the Trading Platform.

  • Third Party Liability means the liability of ARTC and/or the Operator to any third party (not being a related entity as defined in the Corporations Act 2001) who suffers any personal injury, property or economic loss or damage as a consequence of an Incident.

  • Third Party Supplier means a third party manufacturer and/or licensor of Products.

  • Third Party IP means the Intellectual Property Rights of any third party that is not a party to this Contract, and that is not directly or indirectly providing any goods or services to Customer under this Contract.

  • Third Party IPR means any Intellectual Property Rights not belonging to either party to this Agreement but used by the Supplier in the creation of the Deliverables and/or in the course of or in connection with the Project.

  • Third Party Contract means a contract between Metrolinx and any other Person which is in any way related to, impacts or is impacted by the Services and/or the Consultant’s acts or omissions, whether expressly identified to the Consultant or not.

  • Third Party means any person or entity other than the Government, the Procuring Entity, the Consultant or a Subconsultant.

  • Third Party Licenses means licenses from third parties governing third party software embedded or used in the trading platform.

  • Third Party Infringement Claim has the meaning set forth in Section 9.4.

  • Third-party logistics provider means an entity that provides or coordinates warehousing or other logistic services of a product in interstate commerce on behalf of a manufacturer, wholesale distributor or dispenser, but does not take ownership of the product or have responsibility to direct the sale or disposition of the product.

  • Third Party Owner means any person who is the legal or beneficial owner (including a Lessor) of any Assets used or occupied by, or in the possession of the Deed Company, as at the Appointment Date;

  • Third-party payer means an insurance company or other entity making payment directly to the Dentist on behalf of EGID.

  • Infringement Claim means a third party claim alleging that the Equipment manufactured by Motorola or the Motorola Software directly infringes a United States patent or copyright.

  • Third Party Data has the meaning set forth in Section 9.3(a).

  • Second Priority Lien means the Liens on the Second Priority Collateral in favor of Second Priority Debt Parties under Second Priority Collateral Documents.

  • Third Party Contracts means any agreements entered into by the Retailer and/or the Customer with any third parties, such as the Transmission Licensee and the MSSL, to enable the Retailer to retail electricity to Contestable Consumers. For the purposes of this Electricity Agreement, Third Party Contracts shall include, but is not limited to, the Retailer Use of Systems Agreement, the Market Support Services Agreement, and the Power System Operator•Market Participant Agreement (as defined under the Market Rules);

  • Related Party Contract means a contract, agreement or commitment between Nevada JV or any of its Affiliates (or the Operating Member acting on behalf of Nevada JV or any of its Affiliates), on the one hand, and a Member and/or one or more Related Parties of a Member, on the other hand.

  • Priority Lien means a Lien granted by a Security Document to the Collateral Trustee, at any time, upon any property of the Company or any other Pledgor to secure Priority Lien Obligations.

  • Third Party Agreement means an agreement in form and substance reasonably satisfactory to the Administrative Agent pursuant to which a Third Party, as applicable and as may be required by the Administrative Agent, among other things: (a) waives or subordinates in favor of the Administrative Agent any Liens such Third Party may have in and to any Collateral or any setoff, recoupment, or similar rights such Third Party may have against any Credit Party; (b) grants the Administrative Agent access to Collateral which may be located on such Third Party’s premises or in the custody, care, or possession of such Third Party for purposes of allowing the Administrative Agent to inspect, remove or repossess, sell, store, or otherwise exercise its rights under this Agreement or any other Loan Document with respect to such Collateral; (c) authorizes the Administrative Agent (with or without the payment of any royalty or licensing fee, as determined by the Administrative Agent) to (i) complete the manufacture of work-in-process (if the manufacturing of such Goods requires the use or exploitation of a Third Party’s Intellectual Property) and (ii) dispose of Collateral bearing, consisting of, or constituting a manifestation of, in whole or in part, such Third Party’s Intellectual Property; (d) agrees to hold any negotiable Documents in its possession relating to the Collateral as agent or bailee of the Administrative Agent for purposes of perfecting the Administrative Agent’s Lien in and to such Collateral under the UCC; (e) with respect to Third Parties other than landlords, agrees to deliver the Collateral to the Administrative Agent upon request or, upon payment of applicable fees and charges to deliver such Collateral in accordance with the Administrative Agent’s instructions; or (f) agrees to terms regarding Collateral held on consignment by such Third Party.

  • Third Party Vendor means any person or entity that provides SaaS, third party software and/or related intellectual property. “Work” means any additional work the Customer requests Singtel to perform in relation to the Service.

  • Third Party Equipment has the meaning given such term in Section 4.8 of this Agreement.

  • Third Party Infringement has the meaning set forth in Section 11.4.

  • First Priority Lien means any Lien created by the First Priority Security Documents.