Purchase Money Liens means Liens incurred in connection with the acquisition of any asset; provided that (i) each such Lien shall attach only to the asset to be acquired, (ii) a description of the asset so acquired is furnished to the other Party, and (iii) the indebtedness incurred in connection with such acquisitions shall not individually exceed $3,000 or in the aggregate exceed $15,000.

Purchase Money Liens means Liens securing purchase money Indebtedness incurred in connection with the acquisition of capital assets by Parent or any Subsidiary in the ordinary course of business, provided that such Liens do not extend to or cover assets or properties other than those purchased in connection with the purchase in which such Indebtedness was incurred and that the obligation secured by any such Lien so created shall not exceed one hundred percent (100%) of the cost of the property covered thereby.

Purchase Money Liens means Liens securing the repayment of any purchase money debt permitted hereunder incurred to finance the purchase of any Property hereafter acquired by the Borrower or any Consolidated Subsidiary, so long as such Liens are limited solely to the Property so acquired, secure only the purchase money debt so incurred and are terminated upon payment in full of such purchase money debt.

Examples of Purchase Money Liens in a sentence

Obligations/Liens/Mortgages/Disclosures on Purchase Money Liens on Residential Property.
Purchase Money Liens shall mean liens on any item of Equipment acquired by Borrower after the date of this Agreement, provided that (a) each such lien shall attach only to the Equipment acquired (and the proceeds thereof), (b) a description of the Equipment so acquired is furnished by Borrower to Agent, and (c) the indebtedness incurred by Borrower in connection with such acquisitions shall not exceed $15,000 in the aggregate in any fiscal year of Borrower.
Disclosures on Purchase Money Liens onResidential Property 2956-2967CHAPTER 2a.
PERMITTED INDEBTEDNESS shall mean: (a) Indebtedness secured by Purchase Money Liens; (b) Indebtedness arising under the Letters of Credit and this Financing Agreement; (c) Subordinated Debt; and (d) other Indebtedness existing on the Closing Date and listed on Schedule 1.1(a) attached hereto.
Purchase Money Liens shall mean liens on any item of Equipment acquired by a Company after the date of this Financing Agreement, provided that (a) each such lien shall attach only to the Equipment acquired and (b) a description of the Equipment so acquired is furnished by the Companies to the Agent.

More Definitions of Purchase Money Liens

Purchase Money Liens means Liens securing purchase money Indebtedness incurred in connection with the acquisition of capital assets by the Borrower, Guarantor or any of their Subsidiaries in the ordinary course of business, provided that such Liens do not extend to or cover assets or properties other than those purchased in connection with the purchase in which such Indebtedness was incurred and that the obligation secured by any such Lien so created shall not exceed one hundred percent (100%) of the cost of the property covered thereby.

Purchase Money Liens means Liens to secure or securing Purchase Money Obligations permitted to be incurred under this Indenture.

Purchase Money Liens has the meaning set forth in SECTION 8.3(e). REGISTER has the meaning set forth in SECTION 11.8(c).

Purchase Money Liens means any Lien on property, real or personal, acquired or constructed by Hyatt or any Subsidiary of Hyatt: (a) to secure the purchase price of the property; (b) that was existing on such property at the time of acquisition thereof by Hyatt or such Subsidiary and assumed in connection with such acquisition; (c) to secure Indebtedness otherwise incurred to finance the acquisition or construction of such property or incurred within 90 days following the acquisition or completion of such construction provided the principal amount of Indebtedness secured by each such Lien shall at no time exceed 100% of the original purchase price of such related property or assets at the time acquired; or (d) to secure any Indebtedness incurred in connection with any extension, refunding or refinancing of Indebtedness (whether or not secured and including Indebtedness under the Credit Documents) incurred, maintained or assumed in connection with, or otherwise related to, the acquisition or construction of such property; provided in each case that (1) such Liens do not extend to, cover or otherwise encumber any property other than the property acquired or constructed by Hyatt and its Subsidiaries (and any improvements made to such property acquired or constructed) and (2) such Liens do not cover current assets of Hyatt or any of its Subsidiaries other than current assets that relate solely to other property subject to such Lien.

Purchase Money Liens means liens on any item of Equipment acquired by a Company after the date of this Financing Agreement, provided that (a) each such lien shall attach only to the Equipment acquired and (b) a description of the Equipment so acquired is furnished by the Companies to the Agent.

Purchase Money Liens means Liens on fixed assets (or any improvement thereon) or in rights relating thereto, in each case, acquired or constructed by the Company or any Subsidiary after the Closing Date to secure Indebtedness of the Company or such Subsidiary incurred in connection with such acquisition or construction, or any Permitted Refinancing Indebtedness thereof, provided that:

Purchase Money Liens means liens on any item of Equipment acquired after the date of this Credit Agreement, provided that: (i) each such lien shall attach only to the property to be acquired; (ii) a description is furnished to the Agent for any property so acquired, the purchase price of which is greater than $250,000; and (iii) the debt incurred in connection with such acquisitions shall not exceed the amount of the purchase price of such items of Equipment then being financed.