Lien Enforcement. Each Receivable provides for enforcement of the lien or the clear legal right of repossession, as applicable, on the Financed Vehicle securing such Receivable.
Lien Enforcement. Notwithstanding anything to the contrary set forth in this Agreement, including, without limitation, Section 2.7 hereof, but subject in any event to Section 21.1 hereof:
Lien Enforcement. If, prior to the time that full payment for repair services has been made, BAM elects, in its sole and exclusive discretion, to release possession of the aircraft or component, the parties mutually agree that this release of possession constitutes a good and valuable benefit in favor of the customer. For consideration of this benefit, the parties mutually agree that the customer knowingly and intentionally waives any right to contest the validity of any mechanic’s lien recorded pursuant to Florida law due to BAM’s failure to have actual possession of the aircraft at that time. Regardless of whether BAM relinquishes possession of the aircraft prior to receipt of full payment for repair services, BAM is entitled to maintain possession of the original aircraft or component logbooks until such time as full payment is received.
Lien Enforcement. Any assessment made against any Lot Owner for that owner’s share of the Road Maintenance Costs shall be a lien and charge upon the Lot against which each such assessment is made, which lien shall continue until the assessment is paid and shall be the personal obligation of the Lot Owner. Notwithstanding anything herein to the contrary, mediation and arbitration shall not be required for any civil action to enforce payment of the delinquent assessment or to foreclose the lien against the Lot, and there shall be added to the amount of such assessment due all costs of collection. In the event a judgment is obtained, such judgment shall include interest on the assessment, together with all attorney's fees and expenses and costs of the action.
Lien Enforcement. If an Owner fails to pay an Annual Assessment (or any installment), any Individual Assessment, and any other sum due from such Owner under this Declaration, the Association may enforce and foreclose the lien granted under Section 12.3 in any manner permitted by the laws of Virginia or by an action in the name of the Association. The Association may foreclose notwithstanding the pendency of any suit to recover a money judgment. The Association may bid on the Lot at foreclosure or other legal sale and may acquire, hold, lease, mortgage, convey or otherwise deal with such Lot.
Lien Enforcement. If, prior to the time that full payment for repair services has been made, Velocity elects, in its sole and exclusive discretion, to release possession of the aircraft part or component, the parties mutually agree that this release of possession constitutes a good and valuable benefit in favor of the customer. For consideration of this benefit, the parties mutually agree that the customer knowingly and intentionally waives any right to contest the validity of any mechanic’s lien recorded pursuant to Florida law due to Velocity’s failure to have actual possession of the aircraft parts or components at the time the mechanic’s lien is recorded.
Lien Enforcement
