Liens and Other Charges. The Borrower will duly pay and discharge, or cause to be paid and discharged, before the same shall become overdue all claims for labor, materials, or supplies that if unpaid might by law become a lien or charge upon any of its property.
Appears in 2 contracts
Samples: Acquisition and Construction Loan Agreement (Praecis Pharmaceuticals Inc), Loan Agreement (Applied Science & Technology Inc)
Liens and Other Charges. The Borrower will duly pay and discharge, or cause to be paid and discharged, or provide a bond satisfactory to the Servicer to pay or discharge, before the same shall become overdue all claims for labor, materials, or supplies that if unpaid might by law become a lien or charge upon any of its property.
Appears in 1 contract
Samples: Loan Agreement
Liens and Other Charges. The Borrower will duly pay and discharge, or cause to be paid and discharged, or provide a bond satisfactory to the Bondowner Representative to pay or discharge, before the same shall become overdue all claims for labor, materials, or supplies that if unpaid might by law become a lien or charge upon any of its property.
Appears in 1 contract
Samples: Loan Agreement
Liens and Other Charges. The Borrower will duly pay and discharge, or cause to be paid and discharged, before the same shall become overdue all claims for labor, materials, or supplies that if unpaid might by law become a lien or charge upon any of its propertyproperty or any of the properties comprising the Project.
Appears in 1 contract
Liens and Other Charges. The Borrower will duly pay and discharge, or cause to be paid and discharged, before the same shall become overdue all claims for labor, materials, or supplies that if unpaid might by law become a lien or charge upon any of its property, except for those being contested in good faith and pursuant to appropriate proceedings.
Appears in 1 contract
Samples: Loan Agreement (Nantucket Island Associates Limited Partnership)