COVENANTS AGAINST LIENS. Tenant shall not do any act, nor make any contract which may create any lien or other encumbrance upon the Building or Premises, nor permit nor suffer same to remain, as a result of any labor, work, services or materials performed, supplied or furnished for or to the Tenant or the Premises. If, because of any act or omission (or alleged act or omission) of Tenant, any mechanics or other lien or encumbrance shall be filed against the Building or Premises, whether or not such lien or encumbrance is valid or enforceable as such, Tenant, at its sole cost and expense, shall cause same to be discharged of record or bonded, within ten (10) days after notice to Tenant of the filing thereof; and Tenant shall indemnify and save harmless Landlord against and from all damages, costs, liabilities, suits, penalties claims and demands, including reasonable counsel fees, resulting from the creation of such lien or encumbrance. In the event Tenant fails to so comply, Landlord shall have the option of discharging or bonding any such lien or encumbrance, and Tenant agrees to reimburse Landlord for all costs, legal and other expenses incurred in connection therewith, together with interest at an annual rate equal to two (2%) percent above the annual interest rate extended by Citicorp to its most favored borrowers, promptly upon demand, which sums shall be deemed to constitute Additional Rental. All materialmen, contractors, artisans, mechanics, laborers and any other persons now or hereafter contracted by Tenant for the furnishing of any labor, services materials, supplies or equipment, at any time from the date hereof until the end of the Term, are hereby charged with notice that they must look exclusively to Tenant to obtain payment for same.
COVENANTS AGAINST LIENS. If, because of any act or omission of ----------------------- Lessee, any mechanic's lien or other lien, charge or order for the payment of money shall be filed against Lessor or against the Property or improvements, Lessee shall, at its own cost and expense, cause the same to be discharged; and Lessee shall indemnify and hold harmless Lessor against and from all costs, liabilities, suits, penalties, claims and demands resulting therefrom. lessor and Lessee agree that Lessee shall have the right to contest any lien filed against the Property or the improvements thereon.
COVENANTS AGAINST LIENS. Lessee expressly covenants and agrees that it will, during the term hereof, promptly remove or release, by the posting of a bond or otherwise, as required or permitted by law, any lien attached to or upon said Premises or any portion thereof by reason of any act or omission on the part of Lessee, and hereby expressly agrees to save and hold harmless Lessor from or against any such lien or claim of lien. In the event any such lien does attach, or any claim of lien is made against said Premises, which may be occasioned by any act or omission upon the part of Lessee, and shall not be thus released within 30 days after notice thereof, Lessor, in its sole discretion (but nothing herein contained shall be construed as requiring it so to do), may pay and discharge the said lien and relieve the said Premises from any such lien, and Lessee agrees to pay and reimburse Lessor upon demand for or on account of any expense which may be incurred by Lessor in discharging such lien or claim, which sum shall include interest five (5) percentage points over the NationsBank Prime Interest Rate, not to exceed the maximum interest rate then in effect in the state being the situs of the Premises, from the date such lien is paid by Lessor until the date Lessor is reimbursed by Lessee; provided, however, that if Lessee has reasonable cause to contest the validity or correctness of any such lien, it may do so and in such event no breach of this Lease shall result.
COVENANTS AGAINST LIENS. Sublessee covenants and agrees that it shall not, during the term hereof, suffer or permit any lien to be attached to or upon the Subleased Premises or any part thereof by reason of any act or omission on the part of Sublessee, its contractors, employees, agents, licensees, officers, suppliers, or any other persons performing any function for Sublessee, and hereby agrees to save and hold harmless Sublessor from or against any such lien or claim of lien. The attachment of a lien is an event of default by Sublessee. In the event that any such lien is filed, Sublessee may post a bond or other adequate security to cure such default; however, any lien must be cleared within five (5) days after receipt of notice of such lien. If such lien is not cleared, Sublessor in its sole discretion, may pay and discharge the same and relieve the Subleased Premises therefrom, and Sublessee agrees to repay and reimburse Sublessor upon demand for the amount so paid by Sublessor together with interest thereon and such interest shall be at a rate which is the lower of fifteen percent (15%) per annum or the highest rate allowed by the law of the state in which the Subleased Premises is located.
COVENANTS AGAINST LIENS. Tenant covenants and agrees not to suffer or permit any lien of mechanics or materialmen to be placed against the Building or any part thereof, and, in the case of any such lien attaching, to immediately pay off and remove same. Tenant has no authority or power to cause or permit any lien or encumbrance of any kind whatsoever, whether created by act of Tenant, operation of law or otherwise, to attach or to be placed upon the Building or any part thereof, and any and all liens and encumbrances created by Tenant shall attach only to Tenant’s interest in the Premises.
COVENANTS AGAINST LIENS. Licensee covenants and agrees that it shall not, during the term hereof, suffer or permit any lien to be attached to or upon the Licensed Premises or any part thereof by reason of any act or omission on the part of Licensee, its contractors, employees, agents, licensees, officers, suppliers, or any other persons performing any function for Licensee, and hereby agrees to save and hold harmless Licensor from or against any such lien or claim of lien. In the event that any such lien is filed, Licensee may post a bond or other adequate security to cure such default; however, any lien must be cleared within five (5) days after receipt of notice of such lien. If such lien is not cleared, Licensor in its sole discretion, may pay and discharge the same and relieve the Licensed Premises therefrom, and Licensee agrees to repay and reimburse Licensor upon demand for the amount so paid by Licensor together with interest thereon and such interest shall be at a rate which is the lower of fifteen percent (15%) per annum or the highest rate allowed by the law of the state in which the Licensed Premises is located.
COVENANTS AGAINST LIENS. Tenant hereby covenants and agrees that it will not cause or permit any lien (including, without limitation, the filing of any mechanic’s lien) to be filed or asserted against the Buildings as a result of any act or omission of Tenant or any member of the Tenant Group. In the event any such lien or notice of lien is filed, Tenant shall, within twenty (20) days of receipt of notice from Landlord of the filing of the lien, contest such lien as permitted by law if such contest is sufficient alone to prevent the lien from maturing, or contest said lien as permitted by law and bond or insure over said lien, or fully discharge the lien by settling the claim which resulted in the lien or by bonding or insuring over the lien in the manner prescribed by applicable law. If Tenant fails to so contest and/or discharge the lien, then, in addition to any other right or remedy of Landlord, Landlord may bond or insure over the lien or otherwise discharge the lien. Tenant shall reimburse Landlord for any amount paid by Landlord to bond or insure over the lien or discharge the lien, including without limitation reasonable attorney’s fees, within fifteen (15) days of receipt of invoice therefor. Any rights and obligations created under or by this Section 19 shall survive termination or expiration of this Lease.
COVENANTS AGAINST LIENS. The Credit Union shall not encumber the Premises or this Agreement in any way, nor shall the rights, title, or interest of the University in and to the Premises be subjected to any claim whatsoever by virtue of any act or omission of the Credit Union, and the Credit Union shall keep the Premises free and clear of all encumbrances and liens of every kind, nature and description. Any claim to an encumbrance or lien upon the Premises arising from any act or omission of the Credit Union is in contravention of this Agreement and shall be valid only against the Credit Union and shall in all respects be subordinate to the rights, title and interests of the University.
COVENANTS AGAINST LIENS. Tenant covenants and agrees that it shall not, during the term hereof, suffer or permit any lien to be attached to or upon the Demised Premises or any part thereof by reason of any act or omission on the part of Tenant, and hereby agrees to save and hold harmless Landlord from or against any such lien or claim of lien. In the event that any such lien does so attach, and is not released within thirty (30) days after notice to Tenant thereof, or if Tenant has not indemnified Landlord against such lien within said thirty (30) day period, Landlord, in its sole discretion, may pay and discharge the same and relieve the Demised Premises therefrom, and Tenant agrees to repay and reimburse Landlord upon demand for the amount so paid by Landlord. Notwithstanding anything to the contrary contained herein, Tenant shall be entitled to grant security interests in and to Tenant's personal property and equipment located in the Demised Premises, upon an instrument previously approved by Landlord, such approval shall not be unreasonably withheld or delayed.
COVENANTS AGAINST LIENS. 37.1. Tenant shall not, during the term hereof, suffer or permit any lien, including, without limitation, any mechanic's or judgment lien or conditional sales agreement, to be attached to or upon the Demised Premises or any part thereof by reason of any act or omission on the part of Tenant, and hereby agrees to save and hold harmless Landlord from or against any such lien or claim of lien.
37.2. Tenant and any guarantors of Tenant shall not suffer or permit any federal or state tax lien to attach to any property of Tenant or Tenant's guarantors.
37.3. In the event that any lien attaches in violation of Section 37.1 or Section 37.2, above, and is not released within thirty (30) days thereafter, Landlord, in its sole discretion, may pay and/or discharge the same, and Tenant agrees to repay and reimburse Landlord upon demand for the amount so paid by Landlord, together with interest thereon at the maximum rate permitted by law, from the date the sum is paid by Landlord until Landlord is reimbursed in full.
