Common use of Liens; Bonds Clause in Contracts

Liens; Bonds. Tenant shall pay, when due, all claims for labor or materials furnished or alleged to have been furnished to or for Tenant at or for use on the Premises, which claims are or may be secured by any mechanic’s or materialmen’s lien against the Premises or any interest therein. Tenant shall give Landlord not less than ten (10) days’ notice prior to the commencement of any work in, on or about the Premises, and Landlord shall have the right to post notices of non-responsibility. If Tenant shall contest the validity of any such lien, claim or demand, then Tenant shall, at its sole expense, defend and protect itself, Landlord and the Premises against the same and shall pay and satisfy any such adverse judgment that may be rendered thereon before the enforcement thereof. If Landlord shall require, Tenant shall furnish a surety bond in an amount equal to one and one-half times the amount of such contested lien, claim or demand, indemnifying Landlord against liability for the same. Landlord shall not be liable for any labor, services or materials furnished to Tenant or to any party holding any portion of the Premises through or under Tenant and no mechanic’s liens or other liens for any labor, services or materials shall attaché to the Premises or the leasehold estate created thereby.

Appears in 4 contracts

Samples: Commercial Lease Agreement (ImmunityBio, Inc.), Commercial Lease (NantKwest, Inc.), Commercial Lease (NantKwest, Inc.)

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Liens; Bonds. Tenant TENANT shall pay, when due, all claims for labor or materials furnished or alleged to have been furnished to or for Tenant TENANT at or for use on the Premises, which claims are or may be secured by any mechanic’s 's or materialmen’s 's lien against the Premises or any interest therein. Tenant TENANT shall give Landlord LANDLORD not less than ten (10) days’ 10 days notice prior to the commencement of any work in, on or about the Premises, and Landlord LANDLORD shall have the right to post notices of non-responsibility. If Tenant TENANT shall contest the validity of any such lien, claim or demand, then Tenant TENANT shall, at its sole expense, expense defend and protect itself, Landlord LANDLORD and the Premises against the same and shall pay and satisfy any such adverse judgment that may be rendered thereon before the enforcement thereof. If Landlord LANDLORD shall require, Tenant TENANT shall furnish a surety bond in an amount equal to one and one-half times 110% of the amount of such contested lien, claim or demand, indemnifying Landlord LANDLORD against liability for the same. Landlord If LANDLORD elects to participate in any such action, TENANT shall not be liable for any labor, services or materials furnished to Tenant or to any party holding any portion of the Premises through or under Tenant pay LANDLORD'S attorneys' fees and no mechanic’s liens or other liens for any labor, services or materials shall attaché to the Premises or the leasehold estate created therebycosts.

Appears in 1 contract

Samples: Property Lease (Quality Products Inc)

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