Liens Imposed by Law. The violation of any law or any act or omission by the Borrower that results in the imposition of a lien by operation of law on any of its property, if the lien is not discharged, bonded off or transferred to other security within sixty (60) days after it has attached and if the lien relates to a claim for the payment of damages or money in excess of Five Hundred Thousand Dollars ($500,000.00); or
Appears in 4 contracts
Samples: Loan Agreement and Security Agreement (Transit Group Inc), Revolving Line of Credit Agreement (Transit Group Inc), Advised Revolving Line of Credit Agreement (Transit Group Inc)
Liens Imposed by Law. The violation of any law or any act or omission by the any Borrower that results in the imposition of a lien by operation of law on any of its property, if the lien is not discharged, bonded off or transferred to other security within sixty (60) days after it has attached and if the lien relates to a claim for the payment of damages or money in excess of Five Two Hundred Fifty Thousand Dollars ($500,000.00250,000.00); or.
Appears in 3 contracts
Samples: Revolving Line of Credit and Security Agreement (Commercial Net Lease Realty Inc), Revolving Line of Credit and Security Agreement (Commercial Net Lease Realty Inc), Revolving Line of Credit and Security Agreement (Commercial Net Lease Realty Inc)
Liens Imposed by Law. The violation of any law or any act or omission by the any Borrower that results in the imposition of a lien Lien by operation of law on any of its property, if the lien Lien is not discharged, bonded off or transferred to other security within sixty (60) days after it has attached and if the lien Lien relates to a claim for the payment of damages or money in excess of Five Hundred Thousand Million Dollars ($500,000.005,000,000); or.
Appears in 1 contract
Liens Imposed by Law. The violation of any law or any act or omission by the any Borrower that results in the imposition of a lien Lien by operation of law on any of its property, if the lien Lien is not discharged, bonded off or transferred to other security within sixty (60) days after it has attached and if the lien Lien relates to a claim for the payment of damages or money in excess of Five Hundred Thousand Ten Million Dollars ($500,000.0010,000,000); or.
Appears in 1 contract
Liens Imposed by Law. The violation of any law law, or any act or omission omission, by the Borrower or Guarantor that results in the imposition of a lien Lien by operation of law on any the Property (or in the use of its propertyother property of Borrower or Guarantor, if the lien is not discharged, bonded off or transferred to other security within sixty (60) days after it has attached and if the lien relates to a Lien with a claim for the payment of money or damages or money in excess of Five Hundred Thousand Dollars ($500,000.00250,000); or, if the Lien is not discharged or bonded within 15 days after it attached.
Appears in 1 contract
Samples: Construction Loan Agreement (Tropical Sportswear International Corp)
