Lien Filing Clause Samples
The Lien Filing clause grants a party the right to file a legal claim, known as a lien, against property or assets to secure payment for services rendered or materials supplied. In practice, this clause typically applies to contractors, subcontractors, or suppliers in construction projects, allowing them to formally record a lien if they are not paid as agreed. By establishing the right and process for filing a lien, this clause helps ensure that parties have a legal mechanism to recover unpaid amounts, thereby protecting their financial interests and encouraging timely payment.
Lien Filing. The Collateral Agent is hereby authorized (but has no obligation) to file one or more financing statements (including fixture filings), continuation statements, filings with the United States Patent and Trademark Office, United States Copyright Office or other documents for the purpose of perfecting, confirming, continuing, enforcing or protecting the Security Interests granted by each Grantor, without the signature of any Grantor, and naming any Grantor or the Grantors as debtors and the Collateral Agent as secured party. Any such financing statement may indicate the collateral as “all assets of the debtor, whether now owned or existing or hereafter acquired or arising”, “all personal property of the debtor, whether now owned or existing or hereafter acquired or arising”, or words of similar effect and/or meaning.
Lien Filing. The Administrative Agent is hereby authorized to file one or more financing statements (including fixture filings), continuation statements, filings with the United States Patent and Trademark Office, United States Copyright Office or other documents for the purpose of perfecting, confirming, continuing, enforcing or protecting the Security Interests granted by each Grantor, without the signature of any Grantor, and naming any Grantor or the Grantors as debtors and the Administrative Agent as secured party.
Lien Filing. The Administrative Agent is hereby authorized to file one or more financing statements (including fixture filings), continuation statements, filings with the United States Patent and Trademark Office, United States Copyright Office or other documents for the purpose of perfecting, confirming, continuing, enforcing or protecting the Security Interests granted by each Grantor, without the signature of any Grantor, and naming any Grantor or the Grantors as debtors and the Administrative Agent as secured party. Any such financing statement may indicate the collateral as “all assets of the debtor, whether now owned or existing or hereafter acquired or arising”, “all personal property of the debtor, whether now owned or existing or hereafter acquired or arising”, or words of similar effect and/or meaning.
Lien Filing. Lender will have obtained satisfactory Lien searches and obtained a first-priority, perfected Lien upon the assets of New Guarantor.
Lien Filing. The Association may file or record such other or further notice of any such lien, or such other or further document, as may be required to confirm the establishment and priority of such lien.