Common use of Liens and Stop Notices Clause in Contracts

Liens and Stop Notices. The Developer shall not allow to be placed on the Property or any part thereof any lien or stop notice. If a claim of a lien or stop notice is given or recorded affecting the Property the Developer shall within thirty (30) days of such recording or service or within five (5) days of the demand of the City or Authority, whichever last occurs: pay and discharge the same; or effect the release thereof by recording and delivering to the City and Authority a surety bond in sufficient form and amount, or otherwise; or provide the City with other assurance which the City and Authority deem, in their sole discretion, to be satisfactory for the payment of such lien or bonded stop notice and for the full and continuous protection of City and Authority from the effect of such lien or bonded stop notice.

Liens and Stop Notices. The Developer shall not allow to be placed on the Property or any part thereof any lien or stop notice. If a claim of a lien or stop notice is given or recorded affecting the Property the Developer shall within thirty (30) days of such recording or service or within five (5) days of the demand of the City or AuthorityAgency, whichever last occurs: pay and discharge the same; or effect the release thereof by recording and delivering to the City and Authority Agency a surety bond in sufficient form and amount, or otherwise; or provide the City with other assurance which the City and Authority Agency deem, in their sole discretion, to be satisfactory for the payment of such lien or bonded stop notice and for the full and continuous protection of City and Authority Agency from the effect of such lien or bonded stop notice.

Liens and Stop Notices. The Developer shall not allow to be placed on the Property or any part thereof any lien or stop notice. If a claim of a lien or stop notice is given or recorded affecting the Property the Developer shall within thirty (30) days of such recording or service or within five (5) days of the demand of the City or AuthorityAgency, whichever last occurs: pay and discharge the same; or effect the release thereof by recording and delivering to the City and Authority Agency a surety bond in sufficient form and amount, or otherwise; or provide the City with other assurance which the City and Authority deemAgency deems, in their its sole discretion, to be satisfactory for the payment of such lien or bonded stop notice and for the full and continuous protection of City and Authority Agency from the effect of such lien or bonded stop notice.