“Permitted Encumbrance” means the following Encumbrances: # Encumbrances for Taxes not yet due and payable or the validity of which is being contested in good faith by appropriate proceedings and for which adequate reserves have been established in accordance with GAAP; # statutory Encumbrances of landlords and Encumbrances of carriers, warehousemen, mechanics, materialmen and other Encumbrances imposed by Law or arising in the Ordinary Course of Business; # Encumbrances on leased real property that do not materially affect the current use, value or current operation (in each case, as currently used); # zoning, entitlement, building and land use regulations, customary covenants and conditions, defects of title, easements, encroachments, rights-of-way, restrictions and other similar charges or encumbrances that do not materially interfere with the use of such Purchased Assets as currently being utilized; # Encumbrances arising under statutory worker’s compensation, unemployment insurance, social security, retirement and similar legislation and that relate to obligations as to which there is no default on
“Permitted Encumbrance”Encumbrances means the following Encumbrances: # Encumbrances for Taxes not yet due and payabledelinquent or the validity of which is being contested in good faith by appropriate proceedings and forproceedings, none of which adequate reserves have been established in accordance with GAAP;contested Taxes are material, # statutory Encumbrances of landlords and Encumbrances of carriers, warehousemen, mechanics, materialmen(including materialmens, warehousemens, mechanics, repairmens, landlords and other Encumbrances imposed by Law orsimilar liens) arising in the Ordinary Courseordinary course of Business;business and securing payments not yet delinquent or being contested in good faith by appropriate proceedings, none of which contested Encumbrances are material, # Encumbrances on leased real property that do not materially affect the current use, valuerights of third parties under any Lease or current operation (in each case, as currently used);Right-of-Way, # zoning, entitlement, building and land use regulations, customary covenants and conditions, defectsrestrictive covenants, easements, rights of title, easements, encroachments, rights-of-way, restrictionsdefects, imperfections or irregularities of title and other similar charges or encumbrancesEncumbrances that do not materially interfere withwith, restrict or reduce either the present use of such Purchased Assets as currently being utilized;or value of, or the intended use of, the encumbered assets or property, # purchase money Encumbrances and Encumbrances securing rental payments under capital lease arrangements, # Encumbrances arising under statutory worker’s compensation, unemployment insurance, social security, retirementcontained in the Governing Documents of a Contributed Entity or Newco Service Company that were made available to CEGPS prior to the date hereof, # Encumbrances listed in Section 1.1(b) of the Crestwood Disclosure Schedule, and similar legislation# any Encumbrances that are not otherwise Permitted Encumbrances and that relatedo not, individually or collectively with any other Encumbrances that are not otherwise Permitted Encumbrances, materially interfere with, restrict or reduce either the present use or value of, or the intended use of, the encumbered assets or properties; provided, however, that # for purposes of Section 6.3(e), [clause (h) above] is modified to obligationsread any Encumbrances that are not otherwise Permitted Encumbrances and that do not, individually or collectively with any other Encumbrances that are not otherwise Permitted Encumbrances, materially interfere with, restrict or reduce either the present use or value of, or the intended use of, the assets and properties of the Initial Contributed Entities, taken as a whole, and # for purposes of [Section 6.6(d)], [clause (h) above] is modified to which there is no default on read any Encumbrances that are not otherwise Permitted Encumbrances and that do not, individually or collectively with any other Encumbrances that are not otherwise Permitted Encumbrances, materially interfere with, restrict or reduce either the present use or value of, or the intended use of, the assets and properties of Crestwood Pipeline East, taken as a whole.
“Permitted Encumbrance” meansEncumbrances” shall mean (a) statutory Encumbrances of landlords’ and mechanics’, carriers’, workmen’s, repairmen’s, warehousemen’s, materialmen’s or other like Encumbrances arising or incurred in the following Encumbrances: #ordinary course of business, (b) Encumbrances arising under original purchase price conditional sales contracts and equipment leases with third parties entered into in the ordinary course of business, (c) Encumbrances for TaxesTaxes, assessments or other governmental charges or levies that are not yet due andor payable or the validity of which isthat are being contested in good faith by appropriate proceedingsActions by one or both Sellers or that may thereafter be paid without material penalty and for which adequate reserves have been established in accordance with GAAP; # statutoryestablished, (d) Encumbrances of landlords and Encumbrances of carriers, warehousemen, mechanics, materialmen and other Encumbrances imposed by Lawdisclosed on or arisingreflected in the Ordinary Course of Business; # Encumbrances on leasedAcquired Companies’ Financial Statements, (e) with respect to real property that do not materially affect the current use, value or current operation (in each case, as currently used); # zoning, entitlement, building and land use regulations, customary covenants and conditions, defects of title, easements, encroachments, rights-of-way, restrictions and other similar charges or encumbrances that do not materially interfere with the use of such Purchased Assets as currently being utilized; # Encumbrances arising under statutory worker’s compensation, unemployment insurance, social security, retirement and similar legislation and that relate to obligations as to which there is no default on property,
“Permitted Encumbrance”Encumbrances” means any # liens for local property Taxes arising in the following Encumbrances: # Encumbrances for Taxesordinary course of business not yet due and payable assessed by state or local jurisdictions; # imperfections of title, easements, rights‑of‑ways, covenants and encumbrances, if any, which do not materially and adversely affect the validitymarketability of which istitle to such real property or materially detract from the value of or materially interfere with the present use, operation and occupancy of the assets subject thereto or affected thereby or otherwise interfere in any material respect with the conduct of the Business as presently conducted, and do not interfere with, and are not violated by, the consummation of the Transactions; # mechanics’, carriers’, workmen’s, repairmen’s, statutorily imposed or other like liens arising or incurred in the ordinary course of business, in each case for sums not yet due or being contested in good faith by appropriate proceedingsproceedings; # limitations on the rights of a Subject Company under any contract, lease or other agreement that are expressly set forth in such contract, lease or other agreement; # with respect to the Leased Real Property and forthe Owned Real Property, zoning, building codes and other land use laws regulating the use or occupancy of such Real Property or the activities conducted thereon that are imposed by any Governmental Entity having jurisdiction over such Leased Real Property or Owned Real Property; # all documents recorded in the public records in the county where the Leased Real Property or Owned Real Property is located; # all rights of first offer, rights of first refusal, tag-along rights, drag-along rights and any other similar rights under the Operating Documents of any of the Subject Companies; # all other matters affecting title which adequate reserves have been establishedwaived in accordance with GAAP;writing or consented to in writing by ; and # statutory Encumbrances of landlords and Encumbrances of carriers, warehousemen, mechanics, materialmen andany liens or other Encumbrances imposed by Law or arisingencumbrances contemplated in the Ordinary Course of Business; # EncumbrancesFinancing Documents indicated on leased real property that do not materially affect the current use, value or current operation (in each case, as currently used); # zoning, entitlement, building and land use regulations, customary covenants and conditions, defects of title, easements, encroachments, rights-of-way, restrictions and other similar charges or encumbrances that do not materially interfere with the use of such Purchased Assets as currently being utilized; # Encumbrances arising under statutory worker’s compensation, unemployment insurance, social security, retirement and similar legislation and that relate to obligations as to which there is no default on [Schedule 3.3(f)].
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