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Permitted liens definition: Copy, customize, and use instantly

Introduction

The term "Permitted Liens" refers to certain types of liens that are allowed or authorized under the terms of a contract, loan, or other agreement. These liens typically include specific claims or encumbrances on property that do not violate the contract or loan terms.

Below are various examples of how "Permitted Liens" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.

Definition of "Permitted Liens" as agreed-upon encumbrances

This definition ties "Permitted Liens" to agreed-upon liens that do not violate terms.

"Permitted Liens" means any lien or encumbrance on property that is specifically agreed to by the parties to this agreement, including but not limited to tax liens, liens for governmental assessments, and liens arising from customary and routine operations.

Definition of "Permitted Liens" as non-substantial liens

This definition connects "Permitted Liens" to liens that are not significant in affecting the property value.

"Permitted Liens" refers to liens that are non-material and do not significantly impair the value or use of the property, including minor mechanic’s liens or those related to standard business operations, as expressly permitted by the agreement.

Definition of "Permitted Liens" as government liens and taxes

This definition links "Permitted Liens" to liens arising from taxes and governmental assessments.

"Permitted Liens" means liens for taxes, assessments, or charges by any governmental authority that are not yet due or are being contested in good faith, as long as such liens do not adversely affect the rights of any party under this agreement.

Definition of "Permitted Liens" as liens arising from specific contractual provisions

This definition ties "Permitted Liens" to liens allowed by specific contractual clauses.

"Permitted Liens" refers to liens arising from actions expressly allowed under the terms of this agreement, such as liens in favor of suppliers or contractors in the ordinary course of business, provided such liens do not become enforceable or senior to other claims.

Definition of "Permitted Liens" as pre-existing liens

This definition connects "Permitted Liens" to liens existing before the agreement.

"Permitted Liens" means any lien that existed on the property prior to the effective date of this agreement, provided that such liens are disclosed to all parties and do not affect the enforceability of this agreement.

This definition links "Permitted Liens" to liens arising from legal claims.

"Permitted Liens" refers to liens arising from legal proceedings or claims that are not yet resolved, provided such liens do not impair the property’s use or diminish its value in a way that affects the contractual obligations.

Definition of "Permitted Liens" as routine business operations liens

This definition ties "Permitted Liens" to standard operational business practices.

"Permitted Liens" means liens arising from the normal course of business, such as liens from suppliers or service providers, which are not in default and are consistent with standard industry practices, as outlined in the agreement.

Definition of "Permitted Liens" as statutory liens

This definition connects "Permitted Liens" to liens under statutory law.

"Permitted Liens" refers to statutory liens, such as those for unpaid property taxes or mechanics’ liens, provided they are not overdue or do not exceed a specific threshold established in the agreement.

This definition links "Permitted Liens" to liens arising from secured financing.

"Permitted Liens" means liens securing obligations arising under a financing arrangement expressly permitted in this agreement, including liens securing any indebtedness that is not in breach of the terms of the agreement.

Definition of "Permitted Liens" as liens for rent and lease obligations

This definition ties "Permitted Liens" to rental or lease agreements.

"Permitted Liens" refers to liens arising from the non-payment of rent or lease obligations, provided such liens are in place as a result of an agreement between the landlord and tenant, and are subordinate to other liens described in this agreement.

Definition of "Permitted Liens" as liens not affecting the contract

This definition connects "Permitted Liens" to liens that do not interfere with the contract’s performance.

"Permitted Liens" means any lien or encumbrance that does not interfere with the performance of the obligations under this agreement, including liens that are subordinate to the primary claims or rights under the agreement.

Definition of "Permitted Liens" as temporary liens

This definition links "Permitted Liens" to short-term or temporary encumbrances.

"Permitted Liens" refers to liens that are temporary or that will be released within a defined period, such as liens placed on property during construction or repair, and do not affect the contractual rights of the parties involved.

This definition ties "Permitted Liens" to employee benefit-related liens.

"Permitted Liens" means liens arising from employee-related benefit plans, including pension and healthcare benefits, as long as they are in accordance with applicable law and do not interfere with the enforcement of this agreement.

This definition ties "Permitted Liens" to tax obligations.

"Permitted Liens" means liens related to taxes, assessments, or other governmental charges that are not yet due or are being contested in good faith by the property owner.

Definition of "Permitted Liens" as liens arising from real property leases

This definition connects "Permitted Liens" to real property leases.

"Permitted Liens" refers to liens that arise from leasehold interests in real property, including landlord liens or those arising from unpaid rent, which are subordinated to the terms of the agreement.

Definition of "Permitted Liens" as liens securing financial instruments

This definition links "Permitted Liens" to financial instruments.

"Permitted Liens" means liens securing obligations related to financial instruments, such as bonds or promissory notes, where the lien is expressly authorized by the terms of the agreement.

This definition ties "Permitted Liens" to insurance-related matters.

"Permitted Liens" refers to liens arising from unpaid insurance premiums or obligations, as long as such liens do not exceed a certain threshold or adversely affect the agreement's enforceability.

Definition of "Permitted Liens" as mechanic’s liens

This definition connects "Permitted Liens" to mechanic’s liens.

"Permitted Liens" means mechanic’s liens or similar claims arising from labor or materials provided for construction or improvements, as long as such liens do not impair the value or use of the property.

Definition of "Permitted Liens" as liens from court judgments

This definition links "Permitted Liens" to court judgments.

"Permitted Liens" refers to liens resulting from judgments issued by courts, provided such judgments are not in default and do not conflict with the obligations under this agreement.

Definition of "Permitted Liens" as liens arising from employee compensation claims

This definition ties "Permitted Liens" to employee claims.

"Permitted Liens" means liens arising from unpaid employee compensation, including wages or benefits, which are permitted under the terms of applicable labor laws and do not materially affect the agreement.

Definition of "Permitted Liens" as liens from unpaid utility bills

This definition connects "Permitted Liens" to utility-related liens.

"Permitted Liens" refers to liens placed on property due to unpaid utility bills, provided they do not exceed the specified amount and are removed within a reasonable period.

Definition of "Permitted Liens" as liens on intellectual property

This definition links "Permitted Liens" to intellectual property.

"Permitted Liens" means any liens or encumbrances placed on intellectual property, such as patents or trademarks, as security for loans or obligations, provided such liens do not conflict with the terms of this agreement.

Definition of "Permitted Liens" as liens from unpaid vendor obligations

This definition ties "Permitted Liens" to vendor obligations.

"Permitted Liens" refers to liens placed by vendors or suppliers on goods or services provided to the property owner, as long as such liens are consistent with the agreed-upon contractual terms.

Definition of "Permitted Liens" as liens for environmental remediation

This definition connects "Permitted Liens" to environmental matters.

"Permitted Liens" means liens arising from the obligation to perform environmental remediation or compliance with environmental laws, provided they are in compliance with the agreement and are disclosed to the other party.

Definition of "Permitted Liens" as liens for personal property

This definition links "Permitted Liens" to personal property.

"Permitted Liens" refers to liens arising from personal property transactions, including liens for goods sold or leased, as long as they are clearly specified and do not interfere with the terms of the agreement.

Definition of "Permitted Liens" as liens arising from the operation of a business

This definition ties "Permitted Liens" to business operations.

"Permitted Liens" means liens arising in the ordinary course of business, such as liens for taxes, rent, or operational expenses, that are not overdue and do not impair the rights or obligations set out in this agreement.

Definition of "Permitted Liens" as liens arising from secured transactions

This definition connects "Permitted Liens" to secured transactions.

"Permitted Liens" refers to liens that secure obligations arising from a secured transaction, such as liens securing loans or lines of credit, that are expressly authorized by this agreement and are not in default.

Definition of "Permitted Liens" as liens on leased properties

This definition connects "Permitted Liens" to leased properties.

"Permitted Liens" refers to liens placed on leased properties for unpaid rent or lease obligations, provided such liens are subordinate to the rights of the lessor or property owner under this agreement.

Definition of "Permitted Liens" as liens for intellectual property agreements

This definition links "Permitted Liens" to intellectual property agreements.

"Permitted Liens" means liens placed on intellectual property, such as patents, trademarks, or copyrights, securing obligations under intellectual property-related agreements, provided such liens are disclosed and do not affect the overall performance of this agreement.

Definition of "Permitted Liens" as liens for regulatory compliance

This definition ties "Permitted Liens" to regulatory matters.

"Permitted Liens" refers to liens placed on property or assets to ensure compliance with regulatory or legal obligations, including environmental, tax, or safety regulations, as long as they are being contested or resolved in good faith.

Definition of "Permitted Liens" as liens resulting from property ownership disputes

This definition connects "Permitted Liens" to ownership disputes.

"Permitted Liens" means liens resulting from property ownership disputes or claims, provided that such liens are contested in good faith and do not materially affect the enforceability of the agreement.

This definition links "Permitted Liens" to legal obligations.

"Permitted Liens" refers to liens arising from unpaid legal obligations, such as court-ordered judgments or settlements, which are not in default and do not interfere with the contractual obligations of the parties involved.

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.

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