Common use of Liens and Stop Notices Clause in Contracts

Liens and Stop Notices. Contractor shall pay when due, all claims asserted and debts in favor of persons or entities who furnish labor, material, services, fixtures, or equipment applied to or utilized in the performance of the Work. Contractor shall not cause or permit (a) the recordation of any claim of lien on Owner's property, (b) the imposition of any stop notice on funds held by a lender (a "Project Lender") that are intended to be paid to Owner pursuant to an agreement to finance completion in whole or in part of the project at the Job Site, and (c) the garnishment or attachment of funds held by Owner, by promptly satisfying all claims and debts asserted against Contractor or Contractor's subcontractors by such persons or entities. In addition, Contractor shall use all possible means to cause (a) Owner's property to be released from all claims of lien, (b) all funds withheld from Owner on account of stop notices to be released from the effect of such notices, and (c) all suits to be dismissed against Owner within fourteen (14) days after each such claim of lien has been recorded against Owner's property, each such stop notice has been served upon a Project Lender and each such suit is brought against Owner, Contractor shall not apply any payments made by Owner to satisfy claims of suppliers, materialmen, subcontractors, utilities, or insurance companies unless such claims have arisen as a result of the work described in the Invoice being paid by Owner. Contractor agrees within fourteen (14) days after written demand to cause the effect of any suit or lien to be removed from the premises, and in the event Contractor shall fail to do so, Owner is authorized to use whatever means in its discretion it may deem appropriate to cause said lien or suit to be removed or dismissed and the cost thereof, together with reasonable attorney’s fees, shall be immediately due and payable to Owner by Contractor.

Liens and Stop Notices. Contractor Subcontractor shall pay when due, all claims asserted and debts in favor of persons or entities who furnish labor, material, services, fixtures, or equipment applied to or utilized in the performance of the Work. Contractor Subcontractor shall not cause or permit (a) the recordation of any claim of lien on Owner's Builder’s property, (b) the imposition of any stop notice on funds held by a lender (a "Project Lender") Lender that are intended to be paid to Owner Builder pursuant to an agreement to finance completion in whole or in part of the project at the Job SiteProject, and (c) the garnishment or attachment of funds held by OwnerBuilder, by promptly satisfying all claims and debts asserted against Contractor Subcontractor or Contractor's sub-subcontractors by such persons or entities. In addition, Contractor Subcontractor shall use all possible means to (x) cause (a) Owner's Builder’s property to be released from all claims of lien, (by) all funds withheld from Owner Builder on account of stop notices to be released from the effect of such notices, and (cz) all suits to be dismissed against Owner Builder, within fourteen (14) 14 days after each such claim of lien has been recorded against Owner's Builder’s property, each such stop notice has been served upon a Project Lender and each such suit is brought against Owner, Contractor Builder. Subcontractor shall not apply any payments made by Owner Builder to satisfy claims of suppliers, materialmen, sub-subcontractors, utilities, or insurance companies unless such claims have arisen as a result of the work described in the Invoice being paid by OwnerBuilder. Contractor agrees within fourteen (14) days after written demand Subcontractor shall send, and shall require any sub-subcontractors to cause the effect send a copy of any suit or and all preliminary lien notices and other mechanics’ lien information required to be removed from sent to the premises“owner” of the Project to TH AVOCADO RANCH, and LLC, 0000 Xxxxxx Xxxxx, Suite 100, San Ramon, California 94583 or such other address as Builder may provide in the event Contractor shall fail to do so, Owner is authorized to use whatever means in its discretion it may deem appropriate to cause said lien or suit to be removed or dismissed and the cost thereof, together with reasonable attorney’s fees, shall be immediately due and payable to Owner by Contractorwriting.