TIFIA Lien definition

TIFIA Lien means the right, pledge, charge, preference and priority with respect to the Trust Estate granted by the Borrower under the Indenture to secure the TIFIA Bond and the TIFIA Loan.
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TIFIA Lien means the right, pledge, charge, preference, and priority with respect to
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TIFIA Lien means the right, pledge, charge, preference and priority with respect to Pledged Taxes granted by the Borrower under the TIFIA MCA Master Resolution to secure the TIFIA Bonds and the TIFIA Loans and created without physical delivery, filing or any other act.
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Examples of TIFIA Lien in a sentence

  • The TIFIA Loan Documents establish, for the benefit of the TIFIA Lender, the valid and binding TIFIA Lien on the Pledged Taxes that they purport to create, irrespective of whether any Person has notice of the pledge.

  • Such TIFIA Lien is in full force and effect and is not subordinate or junior to any other Liens in respect of the Pledged Taxes except to the extent such Pledged Taxes are pledged to Senior Obligations and to the extent such other Liens are entitled to priority as a matter of law.

  • The TIFIA Lien is valid and effective and enforceable under State law without any further action by the Borrower or any other party, and no documents or instruments are required or necessary to be recorded or filed for record in any place to establish the validity, effectiveness or enforceability of the TIFIA Lien to the extent contemplated by the Indenture Documents.

  • The TIFIA Lien is valid and effective under chapter 81.112 RCW without any further action by the Borrower or any other party, and no documents or instruments are required or necessary to be recorded or filed for record in any place to establish, or maintain the validity and enforceability of, the TIFIA Lien to the extent contemplated by the TIFIA MCA Master Resolution.

  • Inadvertent concentration: It is possible that a number of underlying funds might take sub- stantial positions in the same security at the same time.

  • The TIFIA Loan shall be secured by the TIFIA Lien with respect to the Pledged Taxes and shall be subordinate to the pledge of the Pledged Taxes to secure the Senior Obligations.

  • The TIFIA Loan Documents establish, for the benefit of the XXXXX Xxxxxx, the valid and binding TIFIA Lien on the Pledged Taxes that they purport to create, irrespective of whether any Person has notice of the pledge.

  • Each TIFIA Loan shall be secured by the TIFIA Lien with respect to the Pledged Taxes and shall be subordinate to the pledge of the Pledged Taxes to secure the Senior Obligations.

  • The Borrower shall at all times, to the extent permitted by law, defend, preserve and protect tothe TIFIA Lien in and to the Pledged Taxes and all rights of the TIFIA Lender, as owner of the TIFIA Bond, against all claims and demands of all Persons whomsoever affecting the TIFIA Lien.

  • The TIFIA Lien is valid and effective under State law without any further action by the Borrower or any other party, and no documents or instruments are required or necessary to be recorded or filed for record in any place to establish the TIFIA Lien to the extent contemplated by the TIFIA Bond Resolution.


More Definitions of TIFIA Lien

TIFIA Lien means the right, pledge, charge, preference, and priority with respect to (a) Pledged Taxes, (b) the Pledged Taxes Accounts, and
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Related to TIFIA Lien

  • Permitted Lien means the individual and collective reference to the following: (a) Liens for taxes, assessments and other governmental charges or levies not yet due or Liens for taxes, assessments and other governmental charges or levies being contested in good faith and by appropriate proceedings for which adequate reserves (in the good faith judgment of the management of the Company) have been established in accordance with GAAP, (b) Liens imposed by law which were incurred in the ordinary course of the Company’s business, such as carriers’, warehousemen’s and mechanics’ Liens, statutory landlords’ Liens, and other similar Liens arising in the ordinary course of the Company’s business, and which (x) do not individually or in the aggregate materially detract from the value of such property or assets or materially impair the use thereof in the operation of the business of the Company and its consolidated Subsidiaries or (y) are being contested in good faith by appropriate proceedings, which proceedings have the effect of preventing for the foreseeable future the forfeiture or sale of the property or asset subject to such Lien and (c) Liens incurred in connection with Permitted Indebtedness.

  • Valid lien means a lien that is effective against the holder of a judicial lien subsequently obtained by legal or equitable process or proceedings.

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

  • 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 Guarantor to secure Priority Lien Obligations.

  • Subject Lien shall have the meaning provided in Section 10.2(a).

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

  • Senior Collateral means any “Collateral” as defined in any Credit Agreement Loan Document or any other Senior Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior Collateral Document as security for any Senior Obligations.

  • Statutory Lien ’ means liens created by K.S.A. 2-1319, 2-2608, 2-3007, 34-239, 47-836, 58-201, 58-203, 58-204, 58-207, 58-218, 58-220, 58-221, 58-241, 58-242, 58-2524, 58-2525, 58-2526, 58-2527, 58-2528 and 84-7-209, and amendments thereto.

  • Senior Collateral Agent means Citicorp USA, Inc., in its capacity as Senior Collateral Agent under the Senior Collateral Documents, and its successors.

  • Lien means, with respect to any asset, any mortgage, lien, pledge, charge, security interest or encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law, including any conditional sale or other title retention agreement, any lease in the nature thereof, any option or other agreement to sell or give a security interest in and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction.

  • Senior Collateral Documents means the Security Agreement and the other “Security Documents” as defined in the Credit Agreement, the Pari Intercreditor Agreement (upon and after the initial execution and delivery thereof by the initial parties thereto) and each of the collateral agreements, security agreements and other instruments and documents executed and delivered by the Borrower or any other Grantor for purposes of providing collateral security for any Senior Obligation.

  • Prepetition Collateral shall have the meaning provided in Section 3.1(b).

  • ABL Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any ABL Obligations.

  • First Priority Lien Obligations means (i) all Secured Bank Indebtedness, (ii) all other Obligations (not constituting Indebtedness) of the Issuer and its Restricted Subsidiaries under the agreements governing Secured Bank Indebtedness and (iii) all other Obligations of the Issuer or any of its Restricted Subsidiaries in respect of Hedging Obligations or Obligations in respect of cash management services, in each case owing to a Person that is a holder of Indebtedness described in clause (i) or Obligations described in clause (ii) or an Affiliate of such holder at the time of entry into such Hedging Obligations or Obligations in respect of cash management services.

  • Senior Lien means the Liens on the Senior Collateral in favor of the Senior Secured Parties under the Senior Collateral Documents.

  • Prior Lien means a pre-existing mortgage, deed of trust or other Lien encumbering the Mortgaged Property.

  • Shared Collateral means, at any time, Collateral in which the holders of two or more Series of First-Lien Obligations hold a valid and perfected security interest at such time. If more than two Series of First-Lien Obligations are outstanding at any time and the holders of less than all Series of First-Lien Obligations hold a valid and perfected security interest in any Collateral at such time, then such Collateral shall constitute Shared Collateral for those Series of First-Lien Obligations that hold a valid security interest in such Collateral at such time and shall not constitute Shared Collateral for any Series which does not have a valid and perfected security interest in such Collateral at such time.

  • Second Lien Collateral Documents means the “Security Documents” or “Collateral Documents” (as defined in the applicable Second Lien Documents) and any other agreement, document or instrument pursuant to which a Lien is granted securing any Second Lien Obligations or pursuant to which any such Lien is perfected.

  • Second Priority Liens means all Liens on the Second Priority Collateral securing the Second Priority Claims, whether created under the Second Priority Security Documents or acquired by possession, statute (including any judgment lien), operation of law, subrogation or otherwise.

  • Existing Lien shall have the meaning assigned to such term in Section 6.02(c).

  • Superior Lien With respect to any Mortgage Loan, any other mortgage loan relating to the corresponding Mortgaged Property which creates a lien on the Mortgaged Property which is senior to the Mortgage Loan.

  • First Priority Liens means all Liens that secure the First Priority Lien Obligations.

  • Second Lien Collateral means all “Collateral”, as defined in any Second Lien Document, and any other assets of any Grantor now or at any time hereafter subject to Liens which secure, but only to the extent securing, any Second Lien Obligations.

  • UCC Collateral is defined in Section 3.03.

  • UCC Filing Collateral means any Collateral, including Collateral constituting investment property, for which a security interest can be perfected by filing a UCC-1 financing statement.

  • First Lien Collateral Documents means the “Security Documents” or “Collateral Documents” or similar term (as defined in the applicable First Lien Loan Documents) and any other agreement, document or instrument pursuant to which a Lien is granted securing any First Lien Obligations or pursuant to which any such Lien is perfected.