Evidence of No Liens. Borrower will procure and deliver to TMCC evidence that no mechanic’s or materialman’s lien or other encumbrance has been filed and remains in effect against the Property. However, if a lien, lien claim or lien affidavit has been filed against Borrower or the Property, Borrower may contest such lien by furnishing to TMCC and Title Company an indemnity bond with a corporate surety satisfactory to TMCC and Title Company (in the form required by the Title Company and any Applicable Law), or other security acceptable to them, in an amount not less than the amount being contested, plus such additional sums to cover possible costs, interest, and penalties, and provided further that Borrower shall pay any amount adjudged by a court of competent jurisdiction to be due, with all costs, interest, and penalties thereon, before such judgment becomes a lien on the Property.
Evidence of No Liens. Sellers shall deliver to Purchaser as of the Closing Date, in form and substance satisfactory to counsel for Purchaser, Forms UCC-3 or related termination statements, satisfactions and releases, along with such other documents as Purchaser and its counsel shall reasonably require to evidence the termination of all Liens related to the Purchased Assets other than the liens set forth on Schedule 7.1.13.
Evidence of No Liens. Together with the final Commissioning Report and the Certificate of Completion, and thereafter, following Total Completion, with its invoice for the Payments for the months of June and December during each year of the Term, and whenever else reasonably requested by the Province, the Operator will provide to the Province a Land Title Office title print for the Site as evidence as to whether or not any claims for builders lien have been made in respect of the Work or the Operations.
Evidence of No Liens. Agent shall have received evidence (in the form of a public records search and/or any other evidence reasonably acceptable to Agent) of all Liens (if any) that have attached to the Property, including Liens that are being contested by Borrower in accordance with this Agreement.
Evidence of No Liens. Delivery of discharge statements or undertakings to discharge, in form satisfactory to the Purchaser, acting reasonably, of all Liens registered against the Purchased Assets.
Evidence of No Liens. The Company and the Representatives acknowledge that, if there were any Liens existing on any of the Stockholders’ shares of Common Stock as of the date hereof or otherwise prior to the date of any Letter of Transmittal delivered by any Stockholder to Parent (including any Liens of which any of the Company, the Surviving Corporation or Parent have made the Stockholder aware) and Parent has reasonably reliable evidence of the existence of any such Liens, Parent may require any such Stockholder to present evidence of the termination, extinguishment, release and removal of any such Liens, in form reasonably satisfactory to Parent, before Parent accepts a Letter of Transmittal from such Stockholder and exchanges such Stockholder’s Certificates representing Common Stock for the Closing Cash Consideration and the Closing Stock Consideration.
Evidence of No Liens. An instrument or instruments dated no more than ten (10) calendar days prior to the Closing Date showing that there are no financing statements (excluding those to Xxxxxxx Bank), judgments, taxes or other Liens outstanding against Seller or any of the Purchased Assets, certified by an officer of Seller that the information contained therein is true and correct as if such instrument or instruments were dated the Closing Date.
