Contractors and Materialmen Sample Clauses
The "Contractors and Materialmen" clause defines the responsibilities and obligations of contractors and suppliers (materialmen) involved in a project. It typically requires the primary contractor to ensure that all subcontractors and suppliers are paid in a timely manner and that no liens or claims are filed against the property due to unpaid bills. For example, the clause may obligate the contractor to provide lien waivers or proof of payment before receiving final payment from the owner. This clause's core function is to protect the property owner from legal claims or encumbrances arising from unpaid work or materials, thereby ensuring smooth project completion and clear title to the property.
Contractors and Materialmen. If any fixtures, alterations or improvements are allowed by Landlord, Tenant shall promptly pay all contracts and materialmen, so as to eliminate the possibility of a lien attaching to the Improvements or the Land, and should any such lien be made or filed by reason of any fault of Tenant, Tenant shall bond against or discharge the same within ten (10) days after written request by Landlord. Landlord shall have the right, but not the obligation, to pay and discharge any such lien that attaches to the Premises and Tenant shall reimburse Landlord for any such sums paid together with interest at the rate of eighteen percent (18%) within thirty (30) days after written demand by Landlord.
Contractors and Materialmen. Tenant shall promptly pay all contracts and materialmen, so as to eliminate the possibility of a lien attaching to the Soundstage, Office Space or the Land, and should any such lien be made or filed, Tenant shall bond against or discharge the same within ten (10) days after recordation. Landlord shall have the right, but not the obligation, to pay and discharge any such lien that attaches to the Premises and Tenant shall reimburse Landlord for any such sums paid within thirty (30) days after written demand by ▇▇▇▇▇▇▇▇.