Bank Lien means any security interest, mortgage, deed of trust, pledge, hypothecation, assignment, deposit arrangement, equity interest, encumbrance, lien (statutory or other), preference, participation interest, priority or other security agreement or preferential arrangement of any kind or nature whatsoever, including any conditional sale or other title retention agreement, any financing lease having substantially the same economic effect as any of the foregoing and the filing of any financing statement under the UCC or comparable law of any jurisdiction to evidence any of the foregoing; provided, however, that any lien or liens on receivables maintained pursuant to the Indenture, the CompuCredit Purchase Agreement, the CFC Purchase Agreement or the Transfer and Servicing Agreement shall not constitute a Bank Lien on the Residual Interests.
Bank Lien means any security interest, mortgage, deed of trust, pledge, hypothecation, collateral assignment, charge, deposit arrangement to secure an obligation, encumbrance, lien (statutory or other) or preferential arrangement of any kind or nature whatsoever in respect of any Property (including those created by, arising under or evidenced by any conditional sale or other title retention agreement and the interest of a lessor under a Capital Lease), or any financing lease having substantially the same economic effect as or other agreement to provide any of the foregoing, but not including (a) the interest of a lessor under a lease on Oil and Gas Properties or (b) the interest of a lessor under an operating lease (determined in accordance with GAAP).
Examples of Bank Lien in a sentence
Rather, both the letter and the MSA refer specifically to the Deutsche Bank Lien, even directing to the exact pagenumber of the lien referenced.
The Inspecting Officer shall examine the Bank Lien Register maintained by the warehouse with respect to details of the NWRs pledged with different banks.
Nothing in the MSA even implies an obligation on Deutsche Bank to ensure the releases of the two judgment liens were to be filed prior to Plaintiffs’ tender of the $120,000 to extinguish the Deutsche Bank Lien.
Id.Here, the MSA is not ambiguous.3 As discussed above, the language clearly refers only to the Deutsche Bank Lien, even referencing that lien by page number and volume in the Kendall County Records.
This is true even though the central fact in the present case – the postpetition change in priority between liens – differs somewhat from the key point in Wood and Aubain – a significant postpetition appreciation in property value.The Coopers’ asserted valuation on petition date and today ($147,000 and $154,000, respectively) would render the First Bank Lien unsecured if its lien position is subordinated as of either date.
More Definitions of Bank Lien
Bank Lien means the first priority security interest on the Specified Assets in favor of Bank One; provided, however, that the Purchaser shall have received a release agreement from Bank One agreeing that the Bank Lien will automatically be released and terminated without the need for further action on the Closing Date.
Bank Lien means a security interest, lien, charge or encumbrance granted by FRANCHISEE to a financial institution to secure indebtedness for borrowed money.
Bank Lien means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge, or preference, priority or other security interest or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other title retention agreement any easement, right of way or other encumbrance on title to real property, and any financing lease having substantially the same economic effect as any of the foregoing).
Bank Lien means the lien and security interest in certain assets of Seller granted to Bank, which lien, with respect to the Assets, will be released on the Applicable Closing Date.
Bank Lien means any lien on any asset of FI or any of its subsidiaries granted from time to time during the term of this Agreement to the Trustee pursuant to the Restated Trust Agreement and the Fiduciary Assignment of Accounts Receivable, to the JAA Security Agent pursuant to the JAA Fiduciary Power and the JAA Fiduciary Transfer or to the Security Agent pursuant to the Bank Security Documents or any other agreement or instrument, in each case for the benefit of the Banks, as security for the payment of the FI Indebtedness owing to the Banks.
Bank Lien means, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance, charge or security interest in, on or of such asset, (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such asset and (c) in the case of securities, any purchase option, call or similar right of a third party with respect to such securities (other than arising from entry into an agreement for the sale, transfer or disposition of Equity Interests as permitted pursuant to Section 6.05(d) of the Credit Agreement).
Bank Lien means any lien on any asset of FI or any of its subsidiaries granted from time to time during the term of this Agreement to the Trustee pursuant to the Restated Trust Agreement and the Fiduciary Assignment of Accounts Receivable, to the JAA Security Agent pursuant to the JAA Fiduciary Power and the JAA Fiduciary Transfer or to the Security Agent pursuant to the Bank Security Documents or any other agreement or instrument, in each case for the benefit of the Banks, as security for the payment of <PAGE> the FI Indebtedness owing to the Banks. "Bank Security Agreement" means a security agreement substantially in the form of Exhibit A to the Bank Credit Agreement Amendments. "Bank Security Documents" means the Bank Security Agreement, the Bank Surat Kuasa, the Bank Fiduciary Assignment of Accounts Receivable, the Amended Fiduciary Transfer and the Amended Fiduciary Power. "Bank Surat Kuasa" means a surat kuasa substantially in the form of Exhibit B to the Bank Credit Agreement Amendments. "Governmental Agency" means the Government of the Republic of Indonesia (including the President and any Minister) and any material state, provincial or local court or governmental agency, authority, instrumentality or regulatory body of Indonesia or any other country. "Indonesian Notarized Documents" means the PT-RTZ COW Assignment, the Surat Kuasa, the Fiduciary Assignment of Accounts Receivable, the Bank Surat Kuasa, the Bank Fiduciary Assignment of Accounts Receivable, the Amended Fiduciary Transfer, the Amended Fiduciary Power, the JAA Fiduciary Power, the JAA Fiduciary Transfer, the RTZ Release and the Side Letter. "Remedial Action" means (a) any claim, proceeding or action to foreclose upon, take possession or control of, sell, lease or otherwise dispose of, or in any other manner realize, take steps to realize or seek to realize upon, the whole or any part of the assets, properties or interests of FI and its subsidiaries, whether pursuant to the UCC, by foreclosure, by setoff, by self- help repossession, by notification to account debtors, by deed in lieu of foreclosure, by exercise of power of sale, by judicial action or otherwise, and (b) any action taken to remove FI as Operator in accordance with the Participation Agreement, the FI Credit Documents or the Operator Replacement Agreement. "Transaction Documents" means this Agreement, the Restated Trust Agreement, the Participation Agreement, the RTZ Loan Agreement, the Intercreditor Agreement, the Bank Credit Agreem...