Contesting Liens Sample Clauses
The Contesting Liens clause outlines the process by which a party can dispute or challenge a lien that has been filed against a property or project. Typically, this clause allows the affected party to provide notice of the contested lien and may require them to post a bond or other security while the dispute is resolved. For example, if a contractor files a lien for unpaid work, the property owner can contest its validity through the procedures set out in this clause. The core function of this clause is to provide a clear mechanism for addressing potentially invalid or improper liens, thereby protecting parties from unjust claims and ensuring that disputes are handled efficiently.
Contesting Liens. If lessee desires to contest any such lien, it shall notify lessor of its intention to do so within ten (10) days after the filing of such lien. In such case, and provided that lessee shall on demand protect lessor by a good and sufficient surety bond against any such lien and any costs, liability, or damage arising out of such contest, lessee shall not be in default hereunder until thirty (30) days after the final determination of the validity thereof, within which time lessee shall satisfy and discharge such lien to the extent held valid; but the satisfaction and discharge of any such lien shall not, in any case, be delayed until execution is had on any judgment rendered thereon, and such delay shall be a default of lessee hereunder. In the event of any such contest, lessee shall protect and indemnify lessor against all loss, expense, and damage resulting therefrom.
Contesting Liens. Except for enforcing the agreed upon priority set forth in sSection 2, neither Lender shall contest the validity, perfection, priority or enforceability of any lien, security interest, or security title granted to the other.
Contesting Liens. If SAMP desires to contest any lien upon its right, title and interest in this Lease as described in Section 8.1, SAMP shall notify the City of SAMP's intention to do so within thirty (30) days after the filing of the lien, and within that same thirty (30) day period, at SAMP's sole cost and expense, SAMP shall protect the City by a good and sufficient bond against the lien and any cost, liability or damage arising out of such contest. The lien, if SAMP timely provides the bond described above, shall not be a SAMP Event of Default hereunder until thirty
Contesting Liens. If Developer desires to contest any such lien as described in Section 8.1, it shall notify the City of its intention to do so within thirty (30) days after the filing of such lien. In such case, Developer, at Developer’s sole cost and expense, shall protect the City by a good and sufficient bond against any such lien and any cost, liability or damage arising out of such contest. The lien, if Developer timely provides the bond described above, shall not be an Developer Event of Default hereunder until thirty (30) days after the final determination of the validity thereof provided that, within that time, Developer shall satisfy and discharge such lien to the extent held valid; provided, however, that the satisfaction and discharge of any such lien shall not, in any case, be delayed until execution is had on any judgment rendered thereon, or else such delay shall be considered to be a monetary Developer Event of Default hereunder. In the event of any such contest, Developer shall protect and indemnify the City against all loss, expense and damage resulting therefrom as provided in Section 8.3.
Contesting Liens. Tenant may contest any lien of the nature set forth in this Section in accordance with Section 10.4, and no default shall be deemed to have occurred hereunder.
Contesting Liens. Each of the Credit Agent, for itself and on behalf of the Lenders, and the Note Agent, for itself and on behalf of the Senior Noteholders, agrees that it shall not contest the validity, perfection, priority or enforceability of any Lenders' Lien in Lenders' Collateral, in the case of the Note Agent and the Senior Noteholders, or any Senior Noteholders' Lien in Senior Noteholders' Collateral, in the case of the Credit Agent and the Lenders, so long as such Lien is permitted by this Agreement.
Contesting Liens. (i) Borrower shall promptly discharge or cause to be discharged any mechanics’ or materialmen’s liens or claims of lien filed or otherwise asserted against the Property, the Improvements, or any funds due the General Contractor or any contractor and any proceedings for the enforcement thereof; provided, however, that Borrower shall have the right to contest in good faith and with reasonable diligence the validity of any such liens or claims upon furnishing to the Title Company such security or indemnity as the latter may require to induce it to issue its Title Policy or an interim endorsement thereto insuring against all such claims or liens and, provided further, that ▇▇▇▇▇▇▇ will not be required to make any further disbursements of the Loan until all such mechanics’ or materialmens’ liens or claims of lien shown on the title insurance commitment or any interim endorsement have been so insured against by the Title Company to Administrative Agent’s satisfaction. BN 72497947v7
(ii) If (1) Borrower fails either to promptly discharge or contest liens or claims of lien and provide the security or indemnity in the manner provided in this Agreement or (2) after having complied with the provisions of this Agreement there is an adverse conclusion to any such contest and Borrower does not cause any final judgment or decree to be immediately satisfied and the lien to be discharged, then Administrative Agent may, but shall not be required to, procure the release and discharge of any such lien and any judgment or decree thereon, or so same is not a lien against the Property, and in furtherance thereof may, in its commercially reasonable discretion, effect any settlement or compromise or furnish any security or indemnity as may be required by the Title Company. All amounts expended by Administrative Agent in connection with the provisions of this subsection shall be deemed to constitute a disbursement of the Loan. In settling, compromising or arranging for the discharge of any liens under this subsection, Administrative Agent shall not be required to establish or confirm the validity or amount of the lien.
Contesting Liens. Each of the Loan Agent, for itself and on behalf of the Loan Lenders, and each Bridge Agent, for itself and on behalf of the respective Bridge Secured Parties, agrees that it shall not contest or bring into question the validity, perfection, priority or enforceability of any Loan Lien in Liquidity Collateral, the Rights of Use, in the case of each Bridge Agent and the respective Bridge Secured Parties, or any Bridge Lien in Bridge Collateral, in the case of the Loan Agent and the Loan Lenders, so long as such Lien or Rights of Use is permitted by this Agreement or continues as contemplated by this Agreement.
Contesting Liens. Section 8.3 Indemnification. ...........................................................................................
Contesting Liens. Each of the Loan Agent, for itself and on behalf of the Loan Lenders, and the Note Agent, for itself and on behalf of the Note Secured Parties, agrees that it shall not contest or bring into question the validity, perfection, priority or enforceability of any Loan Lien in Liquidity Collateral, the Rights of Use, in the case of the Note Agent and the Note Secured Parties, or any Note Lien in Note Collateral, in the case of the Loan Agent and the Loan Lenders, so long as such Lien or Rights of Use is permitted by this Agreement or continues as contemplated by this Agreement.