Encumbrances definition
Examples of Encumbrances in a sentence
Borrower shall not create, incur, assume or suffer to exist any Lien on any portion of the Property or permit any such action to be taken, except Permitted Encumbrances.
Notwithstanding the foregoing, none of the Liens permitted pursuant to this Section 6.02 may at any time attach to any Loan Party’s (1) Accounts, other than those permitted under clause (a) of the definition of Permitted Encumbrances and clause (a) above,.
The Restoration shall be performed by ▇▇▇▇▇▇ in a good and workmanlike manner, in accordance with applicable law and the Permitted Encumbrances.
The Permitted Encumbrances in the aggregate are not reasonably expected to have a Material Adverse Effect.
The Majority Seller, the Minority Seller and the Management Share Sellers own the legal title and beneficial interest in the Shares set opposite their respective names in Part 1 and Part 2 of Schedule 1, and are entitled to transfer those Shares free and clear of any Encumbrances to the Buyer on the terms and subject to the conditions of this Agreement.