Covenants with Respect to Liens. (a) Lessee shall not directly or indirectly create, incur, assume or suffer to exist any Lien (other than Permitted Liens) on or with respect to any portion of the Leased Property, Lessor's title thereto, or any interest therein and Lessee shall protest any such Lien and diligently pursue the defense thereof. Lessee, at its own expense, shall promptly pay, satisfy and otherwise take such actions as may be necessary to keep the Leased Property free and clear of, and duly to discharge, eliminate or bond in a manner reasonably satisfactory to Lessor and Administrative Agent, any such Lien (other than Permitted Liens) not accepted above if the same shall arise at any time.
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Samples: Lease (Teletech Holdings Inc), Teletech Holdings Inc
Covenants with Respect to Liens. (a) No Lessee shall not directly or indirectly create, incur, assume or suffer to exist any Lien (other than Permitted Liens) on or with respect to any portion of the Leased PropertyEquipment, Lessor's title theretoto the Equipment, or any interest therein therein, and Lessee Lessees shall protest any such Lien and diligently pursue the defense thereof. LesseeLessees, at its their own expense, shall promptly pay, satisfy and otherwise take such actions as may be necessary to keep the Leased Property Equipment free and clear of, and duly to discharge, eliminate or bond in a manner reasonably satisfactory to Lessor and Administrative Collateral Agent, any such Lien (other than Permitted Liens) not accepted above if the same shall arise at any time.
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Samples: Master Lease (Mandalay Resort Group)
Covenants with Respect to Liens. (a) No Lessee shall not directly or indirectly create, incur, assume or suffer to exist any Lien (other than Permitted Liens) on or with respect to any portion of the Leased PropertyEquipment, Lessor's ’s title theretoto the Equipment, or any interest therein therein, and Lessee Lessees shall protest any such Lien and diligently pursue the defense thereof. LesseeLessees, at its their own expense, shall promptly pay, satisfy and otherwise take such actions as may be necessary to keep the Leased Property Equipment free and clear of, and duly to discharge, eliminate or bond in a manner reasonably satisfactory to Lessor and Administrative Collateral Agent, any such Lien (other than Permitted Liens) not accepted above if the same shall arise at any time.
Appears in 1 contract
Samples: Master Lease (Mandalay Resort Group)