Common use of Liens or Encumbrances Clause in Contracts

Liens or Encumbrances. The Government shall ensure that no MCC Funding, Accrued Interest or Program Assets shall be subject to any lien, attachment, enforcement of judgment, pledge, or encumbrance of any kind (each a “Lien”), except with the prior approval of MCC in accordance with Section 3(c) of Annex I, and in the event of the imposition of any Lien not so approved, the Government shall promptly seek the release of such Lien and shall promptly pay any amounts owed to obtain such release; provided, however, the Government shall satisfy its obligations under this Section 2.3(g) at its own expense and no MCC Funding, Accrued Interest or Program Assets may be applied by the Government in satisfaction of its obligations under this Section 2.3(g).

Appears in 2 contracts

Samples: Millennium Challenge Compact, Millennium Challenge Compact

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Liens or Encumbrances. The Government shall ensure that no MCC Funding, Accrued Interest or Interest, nor Program Assets shall be subject to any lien, lien (each a “Lien,” attachment, enforcement of judgment, pledge, or encumbrance of any kind (each a “Lien”)kind, except with the prior approval of MCC in accordance with Section 3(c) of Annex I, and in the event of the imposition of any Lien not so approved, the Government shall promptly seek the release of such Lien and shall promptly pay any amounts owed to obtain such release; provided, however, the Government shall apply national funds to satisfy its obligations under this Section 2.3(g) at its own expense and no MCC Funding, Accrued Interest or Interest, nor Program Assets may be applied by the Government in satisfaction of its obligations under this Section 2.3(g).

Appears in 2 contracts

Samples: Millennium Challenge Compact, Millennium Challenge Compact

Liens or Encumbrances. The Government shall ensure that no MCC Funding, Accrued Interest or Program Assets shall be subject to any lien, attachment, enforcement of judgment, pledge, or encumbrance of any kind (each a “Lien”), except with the prior approval of MCC in accordance with Section 3(c) of Annex I, and in the event of the imposition of any Lien not so approved, the Government shall promptly seek the release of such Lien and shall promptly pay any amounts owed to obtain such releaseLien; provided, however, the Government shall satisfy its obligations under this Section 2.3(g) at its own expense and no MCC Funding, Accrued Interest or Program Assets may be applied by the Government in satisfaction of its obligations under this Section 2.3(g).

Appears in 1 contract

Samples: Millennium Challenge Compact

Liens or Encumbrances. The Government shall ensure that no MCC Funding, Accrued Interest Interest, or Program Assets shall be subject to any lien, attachment, enforcement of judgment, pledge, or encumbrance of any kind (each a “Lien”), except with the prior approval of MCC in accordance with Section 3(c) of Annex I, and in the event of the imposition of any Lien not so approved, the Government shall promptly seek the release of such Lien and shall promptly pay any amounts owed to obtain such release; provided, however, the Government shall apply national funds to satisfy its obligations under this Section 2.3(g) at its own expense and no MCC Funding, Accrued Interest Interest, or Program Assets may be applied by the Government in satisfaction of its obligations under this Section 2.3(g).

Appears in 1 contract

Samples: Millennium Challenge Compact

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Liens or Encumbrances. The Government shall ensure that no MCC Funding, Accrued Interest Interest, or Program Assets shall be subject to any lien, attachment, enforcement of judgment, pledge, or encumbrance of any kind (each each, a “Lien”), except with the prior approval of MCC in accordance with Section 3(c) of Annex I, and in the event of the imposition of any Lien not so approved, the Government shall promptly seek the release of such Lien and shall promptly pay any amounts owed to obtain such release; provided, however, the Government shall apply national funds to satisfy its obligations under this Section 2.3(g) at its own expense and no MCC Funding, Accrued Interest Interest, or Program Assets may be applied by the Government in satisfaction of its obligations under this Section 2.3(g).

Appears in 1 contract

Samples: Millennium Challenge Compact

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