Liens and Charges. Customer hereby agrees to ensure that the Equipment shall at all times be kept free from any lien, charge or encumbrance of any kind, except those created by or through IBM.
Liens and Charges. 4.5.1 Client hereby undertakes in favour of IGF to ensure that:
i) Products at all times will be kept free from any lien, charge or encumbrance of any kind, and
ii) no mortgage, charge, assignment or any other security interest whatsoever over or in respect of the Products shall be created.
Liens and Charges. Licensee shall promptly pay and discharge any and all liens arising out of any construction, alterations or repairs done, suffered or permitted to be done by Licensee on the Premises. Licensor is hereby authorized to post any notices or take any other action upon or with respect to the Premises that is or may be permitted by law to prevent the attachment of any such liens to the Premises; provided, however, that failure of Licensor to take any such action shall not relieve Licensee of any obligation or liability under this Section 21 or any other Section of this License.
Liens and Charges. 8.1 For each Equipment under Agreement, Xxxxxx hereby agrees to ensure that the Equipment shall at all times be kept free from any lien, charge or encumbrance of any kind, except those created by or through Lessor.
Liens and Charges. The Operating Company shall, at all times, keep the equipment free from all levies, liens and encumbrances whatsoever and shall pay all licence fees, registration fees and assessments, charges and taxes, in accordance with the Annual Operating Agreement, which may be now or hereafter imposed directly upon the ownership, leasing, rent, possession or use of the equipment. If the Operating Company fails to pay any such levies, liens, encumbrances, assessments, charges or taxes, BC Transit may pay the same and in such event the costs thereof, together with interest calculated monthly at a rate equivalent to the prime rate established by The Royal Bank of Canada on the first day of each month, plus two (2%) percent per annum, shall forthwith be due and payable by the Operating Company to BC Transit. Non-payment of such costs by the Operating Company to BC Transit forthwith upon demand by BC Transit shall be deemed to be a default under this Lease Agreement.
Liens and Charges. Borrower hereby agrees to ensure that the Equipment shall at all times be kept free from any lien, charge or encumbrance of any kind, except those created by or through Lender.
Liens and Charges. Borrower will pay when due the claims of all person supplying labor or materials to or in connection with the Property. Without waiving the restrictions of paragraph 4.1, Borrower will promptly discharge any lien other charge, whether superior or inferior to this Mortgage, which may be claimed against the Property.
Liens and Charges. Trustor will pay when due the claims of all Persons supplying labor or materials at the request of or with authorization from Trustor to or in connection with the Premises. Without waiving the restrictions of Section 5.17 (Restrictions on Transfer or Encumbrance of the Premises) hereof, Trustor will promptly discharge any lien or other charge, whether superior or inferior to this Deed of Trust, which may be claimed against the Premises. Notwithstanding the foregoing provisions of this paragraph, Trustor, at its own expense, may contest by appropriate legal proceedings, conducted diligently and in good faith, the amount or validity of any mechanic’s lien, but only if (i) Trustor notifies Lender in writing at least ten (10) days in advance of the expected commencement of such proceedings, (ii) no portion of the Premises is in danger of being sold or forfeited by virtue of, or during the duration of, such proceedings, (3) if required by Lender, Trustor deposits with Lender reserves sufficient to pay the contested mechanic’s lien in full, plus any interest and costs that may be assessed or recoverable in connection therewith, through the proceedings or otherwise, and (4) Trustor furnishes whatever additional security is required in the proceedings or is reasonably requested by Lender in connection with allowing Trustor to commence the proceedings.
Liens and Charges. 15.1 Charges Against The Leased Property. -----------------------------------
(a) Lessee shall not, at any time during the term of this Lease Agreement, create, knowingly suffer, or otherwise permit any lien, claim, mortgage, or charge of any nature whatsoever, including any mechanic's, materialmen's, supplier's or similar lien or charge, but excepting any inchoate lien or charge which has not ripened (hereinafter collectively referred to as a "Charge") to be asserted or claimed against the Leased Property or any portion thereof, for any reason; provided, -------- however, that the provisions of this Section 15.1 shall not apply to a Charge ------- ------------ created (i) by Lessor or (ii) by a person (other than Lessee) claiming any interest in the Leased Property by, through or under Lessor, provided, however, -------- ------- that the provisions of this Section 15.1 shall not apply with respect to rail, ------------ ties and track materials purchased for capital improvements and installed on the Lease Lines under a federal or state loan or grant program, if Lessee or its Affiliate is the recipient and the program requires the recipient to permit the grantor a lien on the rail, ties and track materials so installed.
(b) If any Charge (other than those excepted from Section 15.1(a)) --------------- shall at any time be asserted against the Leased Property, Lessee shall cause such Charge to be discharged of record within ninety (90) days after the date of filing of same. If Lessee fails to discharge such Charge within such period, then, in addition to any other rights or remedies available to Lessor, Lessor may, but shall not be obligated to, discharge such Charge by paying the amount claimed to be due, without inquiry by Lessor into the validity of such Charge. Any amount paid by Lessor in procuring the discharge of a Charge pursuant to this Section 15.1, and all costs and Expenses incurred by Lessor in connection ------------ therewith, together with interest thereon at the rate of eight percent (8%) per annum from the date of payment by Lessor, shall be paid by Lessee to Lessor within thirty (30) days of Lessor's submission to Lessee of a xxxx therefor.
(c) Lessee shall have the right to contest any Charge asserted against the Leased Property; provided, that, within sixty (60) days after any -------- such Charge is filed or attaches, Lessee shall give written notice to Lessor of Lessee's intention to contest such Charge, and such notice shall specify t...
Liens and Charges. Mxxxxxxxx will pay when due the claims of all Persons supplying labor or materials at the request of or with authorization from Mortgagor to or in connection with the Premises. Without waiving the restrictions of Section 5.17 (Restrictions on Transfer or Encumbrance of the Premises) hereof, Mortgagor will promptly discharge any lien or other charge, whether superior or inferior to this Mortgage, which may be claimed against the Premises. Notwithstanding the foregoing provisions of this subparagraph, Mortgagor, at its own expense, may contest by appropriate legal proceedings, conducted diligently and in Liens and Charges. Mxxxxxxxx will pay when due the claims of all Persons supplying labor or materials at the request of or with authorization from Mortgagor to or in connection with the Premises. Without waiving the restrictions of Section 5.17 (Restrictions on Transfer or Encumbrance of the Premises) hereof, Mortgagor will promptly discharge any lien or other charge, whether superior or inferior to this Mortgage, which may be claimed against the Premises. Notwithstanding the foregoing provisions of this subparagraph, Mortgagor, at its own expense, may contest by appropriate legal proceedings, conducted diligently and in good faith, the amount or validity of any mechanic’s lien, but only if (i) Mortgagor notifies Mortgagee in writing at least ten (10) days in advance of the expected commencement of such proceedings, (ii) no portion of the Premises is in danger of being sold or forfeited by virtue of, or during the duration of, such proceedings, (iii) if required by Mortgagee, Mortgagor deposits with Mortgagee reserves sufficient to pay the contested mechanic’s lien in full, plus any interest and costs that may be assessed or recoverable in connection therewith, through the proceedings or otherwise, and (iv) Mortgagor furnishes whatever additional security is required in the proceedings or is reasonably requested by Mortgagee in connection with allowing Mxxxxxxxx to commence the proceedings.
