Common use of Certain Statutory Liens Clause in Contracts

Certain Statutory Liens. Unless and to the extent ----------------------- contested by the Mortgagor in accordance with the provisions of Article IX ---------- hereof, the Mortgagor shall timely pay, or cause to be paid, all lawful claims and demands of mechanics, materialmen, laborers, government agencies administering worker's compensation insurance, old age pensions and social security benefits and all other claims, judgments, demands or amounts of any nature which, if unpaid, would result in, or permit the creation of, a Lien on the Mortgaged Property or any part thereof, or which would result in forfeiture of all or any part of the Mortgaged Property.

Appears in 5 contracts

Samples: Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Raceland Truck Plaza & Casino LLC), Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Raceland Truck Plaza & Casino LLC), Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Raceland Truck Plaza & Casino LLC)

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Certain Statutory Liens. Unless and to the extent ----------------------- contested by the Mortgagor in accordance with the provisions of Article IX ---------- hereof, the Mortgagor shall timely pay, or cause to be paid, all lawful claims and demands of mechanics, materialmen, laborers, government agencies administering worker's compensation insurance, old age pensions and social security benefits and all other claims, judgments, demands or amounts of any nature which, if unpaid, would might result in, or permit the creation of, a Lien on the Mortgaged Property or any part thereof, or which would might result in forfeiture of all or any part of the Mortgaged Property.

Appears in 2 contracts

Samples: Term Loan & Revolving Credit Mortgage (Applied Power Inc), Mortgage Agreement (Applied Power Inc)

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