Example ContractsClausesCustomary Permitted Liens
Customary Permitted Liens
Customary Permitted Liens contract clause examples

Liens on Equity Interests in any SBIC Subsidiary created in favor of the SBA;

purchase money Liens (including the interest of a lessor under a Capitalized Lease and Liens to which any property is subject at the time of the Company’s acquisition thereof) securing Indebtedness permitted pursuant to [Section 7.3(A)(viii) or (xiii)])]; provided that such Liens shall not apply to any property of the Company or its Subsidiaries other than that purchased or subject to such Capitalized Lease;

Permitted Liens. Create, incur, assume or suffer to exist any Lien upon or with respect to any of its Property, whether now owned or hereafter acquired, file or authorize the filing under the Uniform Commercial Code or any Requirement of Law of any jurisdiction, a financing statement (or the equivalent thereof) that names it or any of its Subsidiaries as debtor; sign any security agreement authorizing any secured party thereunder to file such financing statement (or the equivalent thereof) other than, as to all of the above, the following (collectively, "Permitted Liens"):

Liens on Equity Interests in any SBIC Subsidiary created in favor of the SBA;

Liens on Equity Interests in any SBIC Subsidiary created in favor of the SBA;

encumbrances on Real Property securing the Master Trust Notes;

Liens created under this Agreement, and Liens on cash collateral provided by the Borrowers to an Issuing Bank in respect of Collateralized Letters of Credit as contemplated by [Section 2.05(m)];

Liens on Equity Interests in any SBIC Subsidiary created in favor of the SBA;

purchase money Liens (including the interest of a lessor under a Capitalized Lease and Liens to which any property is subject at the time of the Company’s acquisition thereof) securing Indebtedness permitted pursuant to [Section 7.3(A)(viii) or (xiii)])]; provided that such Liens shall not apply to any property of the Company or its Subsidiaries other than that purchased or subject to such Capitalized Lease;

any attachment or judgment Lien not otherwise constituting an Event of Default under [Section 8.01(h)] in existence less than sixty (60) days after the entry thereof or with respect to which # execution has been stayed, # payment is covered in full by insurance, or # the Borrower or any of its Subsidiaries shall in good faith be prosecuting an appeal or proceedings for review and shall have set aside on its books such reserves as may be required by GAAP with respect to such judgment or award;

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