Common use of Covenant Against Encumbrances Clause in Contracts

Covenant Against Encumbrances. Except as provided in Article XIV, Tenant shall not, and shall have no right to, encumber Landlord’s interest in the Premises, and Tenant covenants to keep the Premises and each and every part thereof at all times free and clear of any and all liens and encumbrances of any kind whatsoever arising out of Tenant’s acts or omissions or those acts or omissions of its agents and Building Tenants, including, without limitation, those liens and encumbrances created by Tenant’s acts or omissions, and those created by the performance of any work of improvement, alteration, maintenance, replacement or repair, or labor or furnishing of any material, supplies or equipment in connection therewith. Should Tenant fail to discharge or cause to be discharged any claim of lien within thirty (30) days after service on Tenant, then, on written notice from Landlord, Landlord may pay, adjust, compromise and discharge any such lien or claim of lien on such terms and manner as Landlord may deem appropriate. In such event, Tenant shall immediately reimburse Landlord for the full amount paid by Landlord in connection with such lien or claim of lien, including any attorneys’ fees or costs, or other costs expended by Landlord, together with interest and late charges at the rates provided in Sections 4.7 and 4.8 from the date of payment by Landlord to date of repayment by Tenant.

Appears in 3 contracts

Samples: Ground Lease Template, Ground Lease Template, Ground Lease Template

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Covenant Against Encumbrances. Except as provided in Article XIV, Tenant shall not, and shall have no right to, encumber Landlord’s interest in the Premises, and Tenant covenants to keep the Premises and each and every part thereof at all times free and clear of any and all liens and encumbrances of any kind whatsoever arising out of Tenant’s acts or omissions or those acts or omissions of its agents and Building Tenants, including, without limitation, those liens and encumbrances created by Tenant’s acts or omissions, and those created by the performance of any work of improvement, alteration, maintenance, replacement or repair, or labor or furnishing of any material, supplies or equipment in connection therewith. Should Tenant fail to discharge or cause to be discharged any claim of lien within thirty (30) days after service on Tenant, then, on written notice from Landlord, Landlord may pay, adjust, compromise and discharge any such lien or claim of lien on such terms and manner as Landlord may deem appropriate. In such event, Tenant shall immediately reimburse Landlord for the full amount paid by Landlord in connection with such lien or claim of lien, including any attorneys’ fees or costs, or other costs expended by Landlord, together with interest and late charges at the rates provided in Sections 4.6 and 4.7 and 4.8 from the date of payment by Landlord to date of repayment by Tenant.

Appears in 1 contract

Samples: Ground Lease Template

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Covenant Against Encumbrances. Except as provided in Article XIV14, Tenant shall not, and shall have no right to, encumber Landlord’s interest in the Premises, and Tenant covenants to keep the Premises and each and every part thereof at all times free and clear of any and all liens and encumbrances of any kind whatsoever arising out of Tenant’s acts or omissions or those acts or omissions of its agents and Building Residential Tenants, including, without limitation, those liens and encumbrances created by Tenant’s acts or omissions, and those created by the performance of any work of improvement, alteration, maintenance, replacement or repair, or labor or furnishing of any material, supplies or equipment in connection therewith. Should Tenant fail to discharge or cause to be discharged any claim of lien within thirty (30) days after service on Tenant, then, on written notice from Landlord, Landlord may pay, adjust, compromise and discharge any such lien or claim of lien on such terms and manner as Landlord may deem appropriate. In such event, Tenant shall immediately reimburse Landlord for the full amount paid by Landlord in connection with such lien or claim of lien, including any attorneys’ fees or costs, or other costs expended by Landlord, together with interest and late charges at the rates rate provided in Sections 4.7 and 4.8 Section 4.6 from the date of payment by Landlord to date of repayment by Tenant.

Appears in 1 contract

Samples: Ground Lease

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