Examples of Encumbrance in a sentence
During the Construction Period, the Contractor shall protect the Site from any and all occupations, encroachments or Encumbrances, and shall not place or create nor permit any Sub-contractor or other person claiming through or under the Agreement to place or create any Encumbrance or security threat over all or any part of the Site or the Project Assets, or on any rights of the Contractor therein or under this Agreement, save and except as otherwise expressly set forth in this Agreement.
During the Concession Period, the Concessionaire shall protect the Site from any and all occupations, encroachments or Encumbrances, and shall not place or create nor permit any Contractor or other person claiming through or under the Concessionaire to place or create any Encumbrance or security interest over all or any part of the Site or the Project Assets, or on any rights of the Concessionaire therein or under this Agreement, save and except as otherwise expressly set forth in this Agreement.
If any mortgage, lien or other encumbrance (an “Encumbrance”) is filed against the Premises or Building due to an action or inaction of Tenant or its agents or representatives, Tenant shall dismiss or bond against such Encumbrance within fifteen (15) days after the filing.
If Tenant fails to remove such Encumbrance within such fifteen (15) day period, Library shall have the absolute right to remove such Encumbrance by any appropriate means, including, without limitation, payment of such Encumbrance, in which event Tenant shall reimburse Library, as additional rent, all costs expended by Library, including reasonable attorneys’ fees, in removing such Encumbrance.
XXXXXXX, CHAIR Board of Supervisors County of Siskiyou State of California ATTEST: XXXXX XXXXX Clerk, Board of Supervisors By: Deputy ACCOUNTING: Fund Organization Account Activity Code (if applicable) 2120 501010 540800 Encumbrance number (if applicable): If not to exceed, include amount not to exceed: $204,874.00 If needed for multi-year contracts, please include separate sheet with financial information for each fiscal year.