Liens and Assessments. If the Developer fails to comply with any of the provisions of this Contract, the City shall be authorized to cease issuance of any certificates of occupancy or building permits on property in the Subdivision owned by the Developer. Should the Developer fail to complete construction of the Community Facilities, in addition to any other remedy authorized by this Contract or by law, the City shall be authorized to complete such construction and file a mechanic’s lien against the Developer’s property in the Subdivision, or in the alternative, to levy an assessment against the Developer’s property for public improvements in accordance with state law.
Liens and Assessments. Borrower shall properly pay and discharge (i) all taxes, assessments and governmental charges filed upon or against Borrower or its assets prior to the earlier of the date on which there is any discount loss or the date on which penalties are attached thereto, unless and to the extent such taxes, assessments or charges are being diligently contested in good faith by appropriate proceedings and appropriate reserves therefor have been established; and (ii) all lawful claims for labor, materials, supplies, services or anything else which might or could, if unpaid, become a lien or charge upon the properties or assets of Borrower (including the Property, unless and only to the extent that the same are transferred to bond, being diligently contested in good faith and by appropriate proceedings, and appropriate reserves therefor have been established.
Liens and Assessments. There have been no labor or materials furnished to the Property by or on behalf of the Seller for which full payment has not been made or will not be made prior to Closing. To Seller's actual knowledge the Property is not now the subject of any existing assessments for work or improvements either completed or to be completed after the Closing Date. Seller has received no written notice and has no actual knowledge of any public plans or proposals for changes in road grade, access or other municipal improvements which would affect the Real Property.
Liens and Assessments. Unless specifically included in this agreement Contractor shall not be held responsible for any bonds, liens, or assessments on existing real estate, nor sewer or utility assessments not yet a lien on said property.
Liens and Assessments. In the event Developer fails to comply with any ofthe provisions ofthis Agreement, the City shall be authorized to cease issuance of any further Ce1iificates of Occupancy or Building Permits on prope1iy owned by Developer, and the City shall be further authorized to file this instrument in the Mechanic's Lien records ofHood County as a Mechanic's Lien against Developer's property; and, in the alternative, the City shall be authorized to levy an assessment against Xxxxxxxxx's property for any improvements made by the City in accordance with applicable state law.
Liens and Assessments. (a) The Issuer shall (i) not create or suffer to be created any lien (including any judgment lien) or charge, other than a Permitted Encumbrance, upon the Project or any part thereof or upon the payments in respect thereof pursuant to this Indenture; (ii) pay or cause to be discharged or make adequate provision to satisfy and discharge within 60 days after the same shall come into force, any lien or charge upon the Project or any part thereof or any payments hereunder and all lawful claims or demands for labor, materials, supplies or other charges which, if unpaid, might be or become a lien upon the Project or any part thereof or any payments hereunder, except Permitted Encumbrances; and (iii) pay all utility and other charges, including "service charges," incurred or imposed for the operation, maintenance, use, occupancy, upkeep and improvement of the Project.
(b) The Issuer may, in its discretion but without the duty to do so, in good faith (i) claim or defend any tax exemption for the Land and the Project to which it believes it is entitled to claim or defend, or (ii) contest any such taxes, assessments, liens and other charges and, in the event of any contest, may permit the taxes, assessments, liens or other charges so contested to remain unpaid during the period of such contest and any appeal therefrom unless the Trustee shall notify the Issuer that, in the Opinion of Counsel, by non-payment of any such items the security afforded pursuant to the terms of this Indenture will be materially endangered, in which event such taxes, assessments, liens or charges shall be paid forthwith or such other action shall be taken in order to remove such danger. The Trustee will cooperate fully with the Issuer in any such claim, defense or contest.
Liens and Assessments. Borrower shall properly pay and discharge (a) all taxes, assessments and governmental charges upon or against Borrower or its assets prior to the date on which penalties are attached thereto, unless, and to the extent, such taxes are being diligently contested in good faith by appropriate proceedings and appropriate reserves therefor have been established; and (b) all lawful claims for labor, materials, supplies, services or anything else which might or could, if unpaid, become a lien or charge upon the properties or assets of the Borrower, unless and to the extent only that the same are transferred to bond, being diligently contested in good faith, and by appropriate proceedings and appropriate reserves therefor have been established.
Liens and Assessments. Certified liens and assessments for governmental improvements as of the date of Closing, if any, shall be paid in full by Seller and any pending liens for such improvements shall be assumed by Buyer unless the improvements pertaining to same have been substantially completed by Closing, in which event Seller shall pay for such liens.
Liens and Assessments. Other than ad valorem tax liens, all statutory liens or assessments, special or otherwise, which are certified against the Property as of the date of Closing shall be paid at Closing by Seller or credited to Buyer, and any pending liens shall be paid or assumed by Buyer.
