Discharge Lien. Tenant shall, within twenty (20) days after receiving notice of any mechanic's lien for material or work claimed to have been furnished to the Premises on Tenant's behalf and at Tenant's request: (i) discharge the lien; or (ii) post a bond equal to the amount of the disputed claim with companies reasonably satisfactory to Landlord. If Tenant posts a bond, it shall contest the validity of the lien. Tenant shall indemnify, defend, and hold Landlord harmless from losses incurred from these liens.
Appears in 4 contracts
Samples: Office Lease Agreement (Total Sports Inc), Office Lease Agreement (Engage Technologies Inc), Office Lease (United Therapeutics Corp)
Discharge Lien. Tenant shall, within twenty ten (2010) days after receiving notice of any mechanic's construction lien for material or work claimed to have been furnished to the Premises on Tenant's ’s behalf and at Tenant's ’s request:
(i) discharge the lien; or
(ii) post a bond equal to the amount of the disputed claim with companies reasonably satisfactory to Landlord. If Tenant posts a bond, it shall contest the validity of the lien. Tenant shall indemnify, defend, and hold Landlord harmless from losses incurred from these liens.
Appears in 2 contracts
Samples: Lease (Bancshares of Florida Inc), Lease Agreement (Bancshares of Florida Inc)
Discharge Lien. Tenant shall, within twenty (20) days after receiving notice of any mechanic's ’s lien for material or work claimed to have been furnished to the Premises on Tenant's ’s behalf and at Tenant's ’s request:
(i) discharge the lien; or
(ii) post a bond equal to the amount of the disputed claim with companies reasonably satisfactory to Landlord. If Tenant posts a bond, it shall contest the validity of the lien. Tenant shall indemnify, defend, and hold Landlord harmless from losses incurred from these liens.
Appears in 1 contract
Samples: Lease (North State Bancorp)
Discharge Lien. Tenant shall, within twenty thirty (2030) days after receiving notice of any mechanic's lien for material or work claimed to have been furnished to the Premises on Tenant's behalf and at Tenant's request:
(i) discharge the lien; or
(ii) post a bond equal to the amount of the disputed claim with companies reasonably satisfactory to Landlord. If Tenant posts a bond, it shall contest the validity of the lien. Tenant shall indemnify, defend, and hold Landlord harmless from losses incurred from these liens.
Appears in 1 contract
Samples: Office Lease (Iwo Holdings Inc)
