Common use of Acceptable Work; No Liens Clause in Contracts

Acceptable Work; No Liens. All work that has been done on the Project has been done in a good and workmanlike manner and in accordance with each Construction Contract, and there shall not have been filed against any of the Collateral or otherwise filed with or served upon Borrowers with respect to the Project or any part thereof, notice of any Lien, claim of Lien or attachment upon or claim affecting the right to receive payment of any of the moneys payable to any of the Persons named on such request which has not been released by payment or bonding or otherwise or which will not be released with the payment of such obligation out of such Construction Loan or non-Loan proceeds, other than Permitted Liens.

Appears in 2 contracts

Samples: Credit Agreement (Renegy Holdings, Inc.), Credit Agreement (Renegy Holdings, Inc.)

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Acceptable Work; No Liens. All work that has been done on the relevant Project has shall have been done in a good and workmanlike manner and in accordance with each the Construction Contract, Contracts and Prudent Utility Practices and there shall not have been filed against any of the Collateral or otherwise filed with or served upon Borrowers Borrower with respect to the such Project or any part thereof, thereof notice of any Lien, claim of Lien or attachment upon or claim affecting the right to receive payment of any of the moneys monies payable to any of the Persons named on such request which has not been released by payment or bonding or otherwise or which will not be released with the payment of such obligation out of such Construction Loan or non-Loan proceedsother Borrowing, other than Permitted Liens.

Appears in 1 contract

Samples: Subordination Agreement (Calpine Corp)

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Acceptable Work; No Liens. All work that has been done on the Project has shall have been done in a good and workmanlike manner and in accordance with each the Construction Contract, Contracts and Prudent Utility Practices and there shall not have been filed against any of the Collateral or otherwise filed with or served upon Borrowers Borrower with respect to the Project or any part thereof, thereof notice of any Lien, claim of Lien or attachment upon or claim affecting the right to receive payment of any of the moneys payable to any of the Persons named on such request which has not been released by payment or bonding or otherwise or which will not be released with the payment of such obligation out of such Construction Loan or non-Loan proceedsother Borrowing, other than Permitted Liens.

Appears in 1 contract

Samples: Credit Agreement (Calpine Corp)

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