Liens Right to Contest. Tenant shall not permit the Tenant’s Facility to become subject to any mechanics’, laborers’ or materialmen’s lien on account of labor or material furnished to Tenant or claimed to have been furnished to Tenant in connection with work of any character performed or claimed to have been performed on the Tenant’s Facility by, or at the direction or sufferance of, Tenant; provided, however, that Tenant shall have the right to contest in good faith and with reasonable diligence, the validity of any such lien or claimed lien if Tenant shall give to Landlord such security as may be deemed reasonably satisfactory to Landlord to insure payment thereof and to prevent any sale, foreclosure, or forfeiture of the Tenant’s Facility by reason of non-payment thereof.
Appears in 2 contracts
Samples: Air Rights Lease Agreement, Air Rights Lease Agreement (CNL Healthcare Properties, Inc.)
Liens Right to Contest. The Tenant shall not permit the Tenant’s Facility Premises to become subject to any mechanics’, laborers’ or materialmen’s lien on account of labor or material furnished to the Tenant or claimed to have been furnished to the Tenant in connection with work of any character performed or claimed to have been performed on the Tenant’s Facility Premises by, or at the direction or sufferance ofof the Tenant, Tenant; provided, however, that the Tenant shall have the right to contest in good faith and with reasonable diligence, the validity of any such lien or claimed lien if the Tenant shall give to the Landlord such security as may be deemed reasonably satisfactory to the Landlord to insure payment thereof and to prevent any sale, foreclosure, or forfeiture of the Tenant’s Facility Premises by reason of non-payment nonpayment thereof.
Appears in 1 contract
Samples: Ground Lease Agreement
Liens Right to Contest. Tenant shall not permit the Tenant’s Facility Premises to become subject to any mechanics’, laborers’ or materialmen’s lien on account of labor or material furnished to Tenant or claimed to have been furnished to Tenant in connection with work of any character performed or claimed to have been performed on the Tenant’s Facility Premises by, or at the direction or sufferance of, Tenant; provided, however, that Tenant shall have the right to contest in good faith and with reasonable diligence, the validity of any such lien or claimed lien if Tenant shall give to Landlord such security as may be deemed reasonably satisfactory to Landlord to insure payment thereof and to prevent any sale, foreclosure, or forfeiture of the Tenant’s Facility Premises by reason of non-payment nonpayment thereof.
Appears in 1 contract
Samples: Ground Lease Agreement (CNL Healthcare Properties, Inc.)
Liens Right to Contest. Tenant shall not permit the Tenant’s Facility Premises to become subject to any mechanics’, laborers’ or materialmen’s lien on account of labor or material furnished to Tenant or claimed to have been furnished to Tenant in connection with work of any character performed or claimed to have been performed on the Tenant’s Facility Premises by, or at the direction or sufferance of, Tenant; provided, however, that Tenant shall have the right to contest in good faith and with reasonable diligence, the validity of any such lien or claimed lien if Tenant shall give to Landlord such security as may be deemed reasonably satisfactory to Landlord to insure payment thereof and to prevent any sale, foreclosure, or forfeiture of the Tenant’s Facility Premises by reason of non-payment nonpayment thereof.. Article XII
Appears in 1 contract
Samples: Ground Lease Agreement