Lien Protection. Lessee shall pay when due all claims for labor or materials furnished or alleged to have been furnished to or for Lessee at or for the use on the Premises or Hangar, which claims are or may be secured by any mechanic’s or materialmen’s lien against the Premises, Hangar or any interest therein. Lessee shall give Authority not less than ten (10) days prior notice to the commencement of any work in, on or about the Premises or Hangar, and Authority shall have the right to post notices of non-responsibility in or on the Premises or Hangar. If Lessee shall, in good faith, contest the validity of any such lien, claim or demand, then Lessee shall, at its sole cost and expense, defend and protect itself, Authority and the Premises and Hangar against the same and shall pay and satisfy any such adverse judgment that may be rendered thereon for the enforcement thereof against the Authority, Premises or Hangar. If Authority shall require, Lessee shall furnish to Authority a surety bond satisfactory to Authority in an amount equal to one and one-half (1-1/2) times the amount of such contested lien claim or demand, indemnifying Authority against the liability for the same, as required by law for the holding of the Premises and Hangar free from the effect of such lien or claim. In addition, Authority may require Lessee to pay Authority’s attorneys’ fees and costs in participating in such action if Authority shall decide it is in its best interests to do so.
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Samples: Hangar Land Lease Agreement, Hangar Land Lease Agreement
Lien Protection. Lessee Tenant shall pay when due all claims for labor or materials furnished or alleged to have been furnished to or for Lessee Tenant at or for the use on the Premises or HangarPremises, which claims are or may be secured by any mechanic’s or materialmen’s lien against the Premises, Hangar Premises or any interest therein. Lessee Tenant shall give Authority Landlord not less than ten (10) days days’ notice prior notice to the commencement of any work in, on on, or about the Premises or HangarPremises, and Authority Landlord shall have the right to post notices of non-responsibility in or on the Premises or Hangarand to record the same, as provided by law. If Lessee Tenant shall, in good faith, contest the validity of any such lien, claim or demand, then Lessee Tenant shall, at its sole cost and expense, defend and protect itself, Authority Landlord and the Premises and Hangar against the same and shall pay and satisfy any such adverse judgment that may be rendered thereon for before the enforcement thereof against Landlord or the Authority, Premises or HangarPremises. If Authority Landlord shall require, Lessee Tenant shall furnish to Authority Landlord a surety bond reasonably satisfactory to Authority Landlord in an amount equal to one and one-half (1-1/2) times the amount of such contested lien claim or demanddemand pursuant to Applicable Laws, indemnifying Authority Landlord against the liability for the same, as required by law for the holding of the Premises and Hangar free from the effect of such lien or claim. In addition, Authority Landlord may require Lessee Tenant to pay AuthorityLandlord’s attorneys’ fees and costs in participating in such action if Authority Landlord shall decide it is in to its best interests interest to do so.
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Samples: Cue Health Inc., Cue Health Inc.
Lien Protection. Lessee Tenant shall pay when due all claims for labor or materials furnished or alleged to have been furnished to or for Lessee Tenant at or for the use on the Premises or HangarPremises, which claims are or may be secured by any mechanic’s or materialmen’s lien against the Premises, Hangar Premises or any interest therein. Lessee Tenant shall give Authority Landlord not less than ten (10) days days’ notice prior notice to the commencement of any work in, on on, or about the Premises or HangarPremises, and Authority Landlord shall have the right to post notices of non-responsibility in or on the Premises or Hangaras provided by law. If Lessee Tenant shall, in good faith, contest the validity of any such lien, claim or demand, then Lessee Tenant shall, at its sole cost and expense, defend and protect itself, Authority Landlord and the Premises and Hangar against the same and shall pay and satisfy any such adverse judgment that may be rendered thereon for before the enforcement thereof against the Authority, Premises Landlord or Hangarthe Premises. If Authority Landlord shall require, Lessee Tenant shall furnish to Authority Landlord a surety bond satisfactory to Authority Landlord in an amount equal to one and one-half (1-1/2) times the amount of such contested lien fine claim or demand, indemnifying Authority Landlord against the liability for the same, as required by law for the holding of the Premises and Hangar free from the effect of such lien or claim. In addition, Authority Landlord may require Lessee Tenant to pay AuthorityLandlord’s attorneys’ fees and costs in participating in such action if Authority Landlord shall decide it is in to its best interests interest to do so.
Appears in 1 contract
Samples: Penumbra Inc
Lien Protection. Lessee Tenant shall pay when due all claims for labor or materials furnished or alleged to have been furnished to or for Lessee Tenant at or for the use on the Premises or HangarPremises, which claims are or may be secured by any mechanic’s 's or materialmen’s 's lien against the Premises, Hangar Premises or any interest therein. Lessee Tenant shall give Authority Landlord not less than ten (10) days days' notice prior notice to the commencement of any work in, on on, or about the Premises or HangarPremises, and Authority Landlord shall have the right to post notices of non-responsibility in or on the Premises or Hangaras provided by law. If Lessee Tenant shall, in good faith, contest the validity of any such lien, claim or demand, then Lessee Tenant shall, at its sole cost and expense, defend and protect itself, Authority Landlord and the Premises and Hangar against the same and shall pay and satisfy any such adverse judgment that may be rendered thereon for before the enforcement thereof against the Authority, Premises Landlord or Hangarthe Premises. If Authority Landlord shall require, Lessee Tenant shall furnish to Authority Landlord a surety bond satisfactory to Authority Landlord in an amount equal to one and one-half (1-1/2) times the amount of such contested lien lien, claim or demand, indemnifying Authority Landlord against the liability for the same, as required by law for the holding of the Premises and Hangar free from the effect of such lien or claim. In addition, Authority Landlord may require Lessee Tenant to pay Authority’s Landlord's attorneys’ ' fees and costs in participating in such action if Authority Landlord shall decide it is in to its best interests interest to do so.
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