Common use of Discharge of Liens Clause in Contracts

Discharge of Liens. The Lessor will not create or permit to exist at any time, and will, at its own cost and expense, promptly take such action as may be necessary duly to discharge, or to cause to be discharged, all Lessor Liens on the Property attributable to it; provided, however, that the Lessor shall not be required to so discharge any such Lessor Lien while the same is being contested in good faith by appropriate proceedings diligently prosecuted so long as such proceedings shall not involve any material danger of impairment of the Liens of the Lease or the Security Documents or of the sale, forfeiture or loss of, and shall not interfere with the use or disposition of, the Property or title thereto or any interest therein or the payment of Rent.

Appears in 3 contracts

Samples: Participation Agreement (Quantum Corp /De/), Participation Agreement (Chase Industries Inc), Participation Agreement (Vitesse Semiconductor Corp)

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Discharge of Liens. The Lessor Borrower will not create or permit to exist at any time, and will, at its own cost and expense, promptly take such action as may be necessary duly to discharge, or to cause to be discharged, all Lessor Liens on the Property attributable to it; , provided, however, that the Lessor Borrower shall not be required to so discharge any such Lessor Lien while the same is being contested in good faith by appropriate proceedings diligently prosecuted so long as such proceedings shall not involve any material danger of impairment of any of the Liens of the Lease or contemplated by the Security Documents or of the sale, forfeiture or loss of, and shall not materially interfere with the use construction, use, operation or disposition ofof (including, as a result of the exercise of the Purchase Option), the Property or title thereto or any interest therein or the payment of Rent.

Appears in 2 contracts

Samples: Credit Agreement (Kindercare Learning Centers Inc /De), Credit Agreement (Safeskin Corp)

Discharge of Liens. The Lessor Borrower will not create or permit to exist at any time, and will, at its own cost and expense, promptly take such action as may be necessary duly to discharge, or to cause to be discharged, all Lessor Liens on the Property attributable to it; , provided, however, that the Lessor Borrower shall not be required to so discharge any such Lessor Lien while the same is being contested in good faith by appropriate proceedings diligently prosecuted so long as such proceedings shall not involve any material danger of impairment of any of the Liens of the Lease or contemplated by the Security Documents or of the sale, forfeiture or loss of, and shall not materially interfere with the use construction, use, operation or disposition ofof (including, as a result of the exercise of the Purchase Option), the Property Properties or title thereto or any interest therein or the payment of Rent.

Appears in 2 contracts

Samples: Credit Agreement (Quality Food Centers Inc), Credit Agreement (Fred Meyer Inc)

Discharge of Liens. The Lessor Borrower will not create or permit to ------------------ exist at any time, and will, at its own cost and expense, promptly take such action as may be necessary duly to discharge, or to cause to be discharged, all Lessor Liens on the Property attributable to it; , provided, however, that the Lessor Borrower shall not be required to so -------- discharge any such Lessor Lien while the same is being contested in good faith by appropriate proceedings diligently prosecuted so long as such proceedings shall not involve any material danger of impairment of any of the Liens of the Lease or contemplated by the Security Documents or of the sale, forfeiture or loss of, and shall not materially interfere with the use construction, use, operation or disposition ofof (including, as a result of the exercise of the Purchase Option), the Property or title thereto or any interest therein or the payment of Rent.

Appears in 1 contract

Samples: Credit Agreement (Sailors Inc)

Discharge of Liens. The Lessor will not create or permit to exist at any time, and will, at its own cost and expense, promptly take such action as may be necessary duly to discharge, or to cause to be discharged, all Lessor Liens on the Property attributable to itit or any of its Affiliates; provided, however, that the Lessor shall not be required to so discharge any such Lessor Lien while the same is being contested in good faith by appropriate proceedings diligently prosecuted so long as such proceedings shall not involve any material danger of impairment of the Liens of the Lease or the Security Documents or of the sale, forfeiture or loss of, and shall not interfere with the use or disposition of, the Property or title thereto or any interest therein or the payment of Rent.

Appears in 1 contract

Samples: Participation Agreement (Lam Research Corp)

Discharge of Liens. The Lessor will not create or permit to exist at any time, and will, at its own cost and expense, promptly take such action as may be necessary duly to discharge, or to cause to be discharged, all Lessor Liens on the Property attributable to it; provided, however, that the Lessor shall not be required to so discharge any such Lessor Lien while the same is being contested in good faith by appropriate proceedings diligently prosecuted so long as such proceedings shall not involve any material danger of impairment of the Liens of the Lease or the Security Documents or of the sale, forfeiture or loss of, and shall not interfere with the use or disposition of, the Property or title thereto or any interest therein or the payment of Rent.

Appears in 1 contract

Samples: Participation Agreement (Quantum Corp /De/)

Discharge of Liens. The Lessor will not create or permit to exist ------------------ at any time, and will, at its own cost and expense, promptly take such action as may be necessary duly to discharge, or to cause to be discharged, all Lessor Liens on the Property attributable to it; provided, however, that the Lessor -------- ------- shall not be required to so discharge any such Lessor Lien while the same is being contested in good faith by appropriate proceedings diligently prosecuted so long as such proceedings shall not involve any material danger of impairment of the Liens of the Lease or the Security Documents or of the sale, forfeiture or loss of, and shall not interfere with the use or disposition of, the Property or title thereto or any interest therein or the payment of Rent.

Appears in 1 contract

Samples: Participation Agreement (Vitesse Semiconductor Corp)

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Discharge of Liens. The Lessor will not create or permit to ------------------ exist at any time, and will, at its own cost and expense, promptly take such action as may be necessary duly to discharge, or to cause to be discharged, all Lessor Liens on the Property attributable to it; provided, however, that the Lessor shall not be required to so discharge any -------- ------- such Lessor Lien while the same is being contested in good faith by appropriate proceedings diligently prosecuted so long as such proceedings shall not involve any material danger of impairment of the Liens of the Lease or the Security Documents or of the sale, forfeiture or loss of, and shall not interfere with the use or disposition of, the any Property or title thereto or any interest therein or the payment of Rent.

Appears in 1 contract

Samples: Participation Agreement (Paragon Health Network Inc)

Discharge of Liens. The Lessor will not create or permit to exist at any time, and will, at its own cost and expense, promptly take such action as may be necessary duly to discharge, or to cause to be discharged, all Lessor Liens on the Property attributable to it; provided, however, that the Lessor shall not be required to so discharge any such Lessor Lien while the same is being contested in good faith by appropriate proceedings diligently prosecuted so long as such proceedings shall not involve any material danger of impairment of the Liens of the Lease or the Security Documents or of the sale, forfeiture or loss of, and shall not interfere with the use or disposition of, the any Property or title thereto or any interest therein or the payment of Rent.

Appears in 1 contract

Samples: Lease (Living Centers of America Inc)

Discharge of Liens. The Lessor will not create or permit to ------------------ exist at any time, and will, at its own cost and expense, promptly take such action as may be necessary duly to discharge, or to cause to be discharged, all Lessor Liens on the Property attributable to it; provided, however, that the -------- ------- Lessor shall not be required to so discharge any such Lessor Lien while the same is being contested in good faith by appropriate proceedings diligently prosecuted so long as such proceedings shall not involve any material danger of impairment of the Liens of the Lease or the Security Documents or of the sale, forfeiture or loss of, and shall not interfere with the use or disposition of, the Property or title thereto or any interest therein or the payment of Rent.

Appears in 1 contract

Samples: Participation Agreement (Quantum Corp /De/)

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