Freedom from Liens. Tenant shall keep the Premises, all other property therein and the Building free from any liens arising out of any work performed, material furnished or obligations incurred by Tenant, and shall indemnify, hold harmless and defend Landlord from any liens and encumbrances arising out of any work performed or materials furnished by or at the direction of Tenant. In the event that Tenant shall not, within thirty (30) days following the imposition of any such lien, cause such lien to be released of record by payment or, if Tenant has a good faith dispute with regard to such lien, by posting of a proper bond, Landlord shall have, in addition to all other remedies provided herein and by law, the right, but no obligation, to cause the same to be released by such means as it shall deem proper, including payment of the claim giving rise to such lien. All such sums paid by Landlord and all expenses incurred by it in connection therewith, including attorneys’ fees and costs, shall be payable to Landlord by Tenant on demand with interest at the maximum rate allowed by law.
Appears in 2 contracts
Samples: Lease Agreement, Industrial Real Estate Triple Net Lease (Pacira Pharmaceuticals, Inc.)
Freedom from Liens. Tenant shall will keep the Premises, all other property therein Premises and the Building Office Complex free from any liens arising out of any work performed, material furnished or obligations incurred by Tenant, and shall will indemnify, protect, defend and hold Landlord harmless and defend Landlord from any liens and encumbrances arising out of any work performed or materials material furnished by or at the direction of Tenant. In the event that Tenant shall will not, within thirty twenty (3020) days following Landlord’s written notice to Tenant of the imposition of any such lien, cause such lien to be released of record by payment or, if Tenant has a good faith dispute with regard to such lien, by or posting of a proper bond, Landlord shall will have, in addition to all other remedies provided herein and by law, the right, but no not the obligation, to cause the same to be released by such means as it shall will deem proper, including including, without limitation, payment of and/or defense against the claim giving rise to such lien. All such sums paid by Landlord and all expenses incurred by it in connection therewith, including including, without limitation, reasonable attorneys’ fees and costs, shall will be payable as Additional Rent to Landlord by Tenant on demand with interest at the maximum rate allowed Interest Rate accruing from the date paid or incurred by lawLandlord until reimbursed to Landlord by Tenant.
Appears in 1 contract
Samples: Office Lease (Depomed Inc)
Freedom from Liens. Tenant shall keep the Premises, all other property therein and the Building free from any liens arising out of any work performed, material materials furnished or obligations incurred by Tenant, and shall indemnify, hold harmless and defend Landlord and Landlord’s lender from any liens and encumbrances arising out of any work performed or materials furnished by or at the direction of Tenant. In the event that Tenant shall not, within thirty (30) days following the imposition of any such lien, cause such lien to be released of record by payment or, if Tenant has a good faith dispute with regard to such lien, by posting of a proper bond, Landlord shall have, in addition to all other remedies provided herein and by law, the right, but no not the obligation, to cause the same to be released by such means as it shall deem proper, including payment of the claim giving rise to such lien. All such sums paid by Landlord and all expenses incurred by it in connection therewith, including attorneys’ fees and costs, shall be payable to Landlord by Tenant on demand with interest at the maximum rate allowed by law.
Appears in 1 contract
Samples: Industrial Real Estate Lease (Pacira Pharmaceuticals, Inc.)