Common use of Discharge of Liens Clause in Contracts

Discharge of Liens. The Builder shall, before Delivery, discharge all claims, liens, or right in rem of any kind against the Vessel, including any claims for taxes or by the Guarantor made by reason of its Letter of Guaranty under Article XI hereof, and shall indemnify and hold the Buyer harmless including attorneys’ fees and costs with respect thereto. Upon Delivery, the Builder shall furnish the Buyer with a warranty (as defined in Article V (i)), that the Vessel is free and clear of all liens, encumbrances, taxes, and claims of any nature.

Discharge of Liens. The Builder shall, before Delivery, discharge all claims, liens, or right in rem of any kind against the Vessel, including any claims for taxes or by the Guarantor made by reason of its Letter of Guaranty under Article XI X hereof, and shall indemnify and hold save the Buyer harmless including attorneys’ fees and costs with respect thereto. Upon Delivery, the Builder shall furnish the Buyer with a warranty (as defined in Article V IV (ig)), that the Vessel is free and clear of all liens, encumbrances, taxes, and claims of any nature.