Permitted Encumbrances definition: Copy, customize, and use instantly
Introduction
The term "Permitted Encumbrances" refers to things like minor restrictions, rights of way, or other claims that are allowed to exist on a property or asset without causing problems under the contract. These are known and accepted by both sides before the deal is made. It’s important because it helps everyone understand what kinds of limitations are okay, so there are no surprises later. This keeps the deal clear, fair, and easier to enforce if something goes wrong.
Below are various examples of how "Permitted Encumbrances" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Permitted Encumbrances" as specific to real property
This definition ties "Permitted Encumbrances" to encumbrances relevant to real estate.
"Permitted Encumbrances" means encumbrances affecting real property that do not materially impair its use or value, including easements, rights-of-way, and zoning restrictions.
Definition of "Permitted Encumbrances" as non-material liens
This definition connects "Permitted Encumbrances" to liens that do not materially affect assets.
"Permitted Encumbrances" refers to non-material liens, including those imposed by law for taxes not yet due or minor mechanic's liens.
Definition of "Permitted Encumbrances" as required by regulatory authorities
This definition links "Permitted Encumbrances" to encumbrances imposed by law or regulation.
"Permitted Encumbrances" means any encumbrances mandated by applicable laws, ordinances, or government authorities.
Definition of "Permitted Encumbrances" as customary in industry practices
This definition ties "Permitted Encumbrances" to common and acceptable encumbrances within an industry.
"Permitted Encumbrances" refers to encumbrances that are customary and standard within the relevant industry and do not impair operations.
Definition of "Permitted Encumbrances" as specific to insurance policies
This definition connects "Permitted Encumbrances" to obligations related to insurance agreements.
"Permitted Encumbrances" means encumbrances arising from the ordinary course of securing insurance coverage or indemnity.
Definition of "Permitted Encumbrances" as linked to utilities
This definition ties "Permitted Encumbrances" to utility-related rights.
"Permitted Encumbrances" refers to easements, rights-of-way, and licenses in favor of utilities for electricity, water, and other services.
Definition of "Permitted Encumbrances" as subject to court orders
This definition connects "Permitted Encumbrances" to obligations arising from judicial processes.
"Permitted Encumbrances" means any encumbrances created by court order or decree that do not conflict with contractual obligations.
Definition of "Permitted Encumbrances" as related to joint ventures
This definition ties "Permitted Encumbrances" to obligations under joint venture agreements.
"Permitted Encumbrances" refers to encumbrances agreed upon under joint venture contracts or co-ownership arrangements.
Definition of "Permitted Encumbrances" as collateral security arrangements
This definition focuses on collateral-based encumbrances.
"Permitted Encumbrances" means any encumbrances securing obligations that do not breach the terms of the agreement.
Definition of "Permitted Encumbrances" as tax-related encumbrances
This definition links "Permitted Encumbrances" to taxes or government levies.
"Permitted Encumbrances" refers to tax liens or assessments not yet due and payable or being contested in good faith.
Definition of "Permitted Encumbrances" as related to operational necessity
This definition ties "Permitted Encumbrances" to encumbrances needed for normal business operations.
"Permitted Encumbrances" means any encumbrances necessary for the normal and continued operation of the business.
Definition of "Permitted Encumbrances" as applicable to leased property
This definition connects "Permitted Encumbrances" to encumbrances related to lease agreements.
"Permitted Encumbrances" refers to encumbrances arising from standard lease agreements or tenancy arrangements.
Definition of "Permitted Encumbrances" as related to asset-backed securities
This definition links "Permitted Encumbrances" to obligations under securitization agreements.
"Permitted Encumbrances" means encumbrances associated with securitization or collateralization of assets.
Definition of "Permitted Encumbrances" as insignificant in monetary value
This definition ties "Permitted Encumbrances" to those that are minor in value or impact.
"Permitted Encumbrances" refers to encumbrances that are immaterial in monetary value and do not affect the contract's performance.
Definition of "Permitted Encumbrances" as specific to contractual guarantees
This definition focuses on encumbrances linked to guaranteeing obligations.
"Permitted Encumbrances" means encumbrances granted as guarantees in connection with contractual obligations or performance.
Definition of "Permitted Encumbrances" as related to ongoing construction projects
This definition connects "Permitted Encumbrances" to construction-related encumbrances.
"Permitted Encumbrances" refers to encumbrances arising from construction contracts, including mechanics’ liens.
Definition of "Permitted Encumbrances" as part of historical agreements
This definition ties "Permitted Encumbrances" to pre-existing conditions or agreements.
"Permitted Encumbrances" means any encumbrances existing before the effective date of this agreement and disclosed in writing.
Definition of "Permitted Encumbrances" as related to subordinate liens
This definition connects "Permitted Encumbrances" to junior or subordinate liens.
"Permitted Encumbrances" refers to liens subordinate to the primary financing agreement.
Definition of "Permitted Encumbrances" as temporary in nature
This definition ties "Permitted Encumbrances" to those that are time-limited.
"Permitted Encumbrances" means encumbrances that are temporary and will be removed upon contract fulfillment.
Definition of "Permitted Encumbrances" as beneficial to public interest
This definition focuses on encumbrances linked to public infrastructure or benefits.
"Permitted Encumbrances" refers to easements, licenses, or rights-of-way benefiting public utilities or infrastructure.
Definition of "Permitted Encumbrances" as linked to environmental compliance
This definition ties "Permitted Encumbrances" to environmental regulations or initiatives.
"Permitted Encumbrances" means encumbrances required to comply with environmental laws or sustainability objectives.
Definition of "Permitted Encumbrances" as related to restricted use
This definition connects "Permitted Encumbrances" to restrictions on usage.
"Permitted Encumbrances" refers to use restrictions imposed by covenants or zoning laws.
Definition of "Permitted Encumbrances" as applicable to public charges
This definition ties "Permitted Encumbrances" to charges imposed for public purposes.
"Permitted Encumbrances" means any public charges or assessments that are customary and non-delinquent.
Definition of "Permitted Encumbrances" as tied to shared ownership
This definition focuses on encumbrances arising from shared ownership agreements.
"Permitted Encumbrances" refers to encumbrances necessary under co-ownership or joint venture agreements.
Definition of "Permitted Encumbrances" as legally mandated
This definition links "Permitted Encumbrances" to legal requirements.
"Permitted Encumbrances" means encumbrances mandated by law, statute, or regulatory authority.
Definition of "Permitted Encumbrances" as collateral in a loan agreement
This definition ties "Permitted Encumbrances" to loan-related encumbrances.
"Permitted Encumbrances" refers to liens or pledges of collateral arising under loan agreements.
Definition of "Permitted Encumbrances" as part of insurance policy terms
This definition connects "Permitted Encumbrances" to conditions of insurance policies.
"Permitted Encumbrances" means encumbrances required by the terms of an insurance policy or indemnity agreement.
Definition of "Permitted Encumbrances" as specific to maritime property
This definition focuses on encumbrances applicable to maritime or shipping assets.
"Permitted Encumbrances" refers to maritime liens or encumbrances related to vessel operation.
Definition of "Permitted Encumbrances" as related to pending litigation
This definition ties "Permitted Encumbrances" to disputes or claims.
"Permitted Encumbrances" means any encumbrances resulting from pending legal proceedings, disclosed in writing.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.