MECHANIC'S LIENS AND OTHER ENCUMBRANCES Sample Clauses

MECHANIC'S LIENS AND OTHER ENCUMBRANCES. (a) No work, services, materials or labor provided to StadiumCo in connection with its use and occupation of the Premises shall be deemed to be for the benefit of the Authority. If any lien shall at any time be filed against the Premises, by reason of StadiumCo's failure to pay for any work, services, materials or labor provided to StadiumCo, or alleged to have been so provided, StadiumCo shall in a timely fashion not to exceed thirty (30) days, unless such non- payment is the subject of a bona fide dispute, cause the same to be discharged of record. In the event StadiumCo fails to cause any such undisputed lien to be discharged of record within thirty
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MECHANIC'S LIENS AND OTHER ENCUMBRANCES. None of Holdings, the Borrower or any Subsidiary thereof or any other Credit Party shall permit any mechanic’s Lien or other Lien to be filed or recorded against the Miami Jai-Alai Facility, the Ft. Xxxxxx Property, the Contractor-Related Property, the Parking Lot Property, or any other real property owned by Holdings, the Borrower or any Subsidiary thereof. Notwithstanding the foregoing, if such a Lien shall be filed or recorded, Holdings, the Borrower or the applicable Subsidiary or Credit Party shall pay, discharge or bond in a manner acceptable to the Administrative Agent any such mechanic’s Liens or other Lien no later than ten (10) days after the date on which such Lien attaches or otherwise arises. In the event that Holdings or the Borrower shall fail to pay or discharge (or bond in a manner acceptable to the Administrative Agent) any such mechanic’s Lien or other Lien within such time period, the Administrative Agent, and/or any Lender may, in addition to such other rights as may be available to it, pay and discharge such mechanic’s Lien on other Lien or deposit in escrow an amount sufficient to do so, and each of Holdings and the Borrower shall reimburse the Administrative Agent and/or such Lender within two days after the Administrative Agent’s and/or such Lender’s demand for payment therefor.
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MECHANIC'S LIENS AND OTHER ENCUMBRANCES. No work, services, materials or labor provided to MFP in connection with its use and occupation of the Premises shall be deemed to be for the benefit of Metro. Except as otherwise provided in this Lease, MFP shall comply with Section 8(f) hereinabove prior to undertaking any work, services, materials or labor that relates to any construction, improvement, or repair on, of, or to the Premises. If any lien shall at any time be filed against the Premises or Metro Property, by reason of MFP's failure to pay for any work, services, materials or labor provided to MFP, or alleged to have been so provided, MFP shall immediately cause the same to be discharged of record. In the event MFP fails to cause any such lien to be discharged of record within thirty (30) days after it receives notice thereof, Metro may discharge the same by paying the amount claimed to be due, with the understanding that Metro is under no obligation to do so. Should Metro discharge any MFP lien, MFP agrees to immediately reimburse Metro for such amount (plus Metro's reasonable costs and attorneys' fees), which amount shall be due and owing as provided in Section 3(b) hereinabove. Notwithstanding the foregoing, if MFP shall, in good faith, dispute any charge of a laborer, mechanic, subcontractor or materialman, MFP may contest such charge after paying the claimed amount into an escrow account to protect Metro from any adverse decision.
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MECHANIC'S LIENS AND OTHER ENCUMBRANCES. TENANT will not permit to be created nor to remain undischarged any lien, encumbrance or charge arising out of any work of any contractor, mechanic, laborer or materialman which might be or become a lien or encumbrance or charge upon the PREMISES or any part thereof or the income therefrom. TENANT will not enter into any mortgage, conditional sale, security agreement or like instrument nor suffer any other matter or thing whereby the estate, right and Interest of LANDLORD in the PREMISES or any part thereof might be impaired or diminished. If any lien or notice of lien on account of an alleged debt of TENANT or any notice of contract by a party engaged by TENANT or TENANT'S contractor to work on the PREMISES is fled against the PREMISES or any part of the Shopping Center, TENANT will, within ten (10) calendar days after notice of the filing thereof, cause the same to be discharged of record by payment, deposit, bond, order of a court of competent jurisdiction, letter of credit or other adequate security. If TENANT fails to cause such lien or notice of lien to be discharged within such period, LANDLORD may, but shall not be obligated to, discharge the same either by paying the amounts claimed to be due or by procuring the discharge of such lien by deposit, bond, or otherwise and TENANT shall reimburse LANDLORD for such amounts upon demand. In any event, LANDLORD will be entitled, if LANDLORD so elects, to compel the prosecution of a judgment in favor of the lienor with interest, costs and allowances. Nothing herein shall obligate TENANT to pay or discharge any lien created by LANDLORD.
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MECHANIC'S LIENS AND OTHER ENCUMBRANCES. (a) In the event that Borrower or the Separate Property Owner, as applicable, shall fail to pay or discharge (or bond in a manner reasonably acceptable to Lender) any mechanic’s lien, bonded stop notice or other encumbrance as provided in Section 5.10(a) hereof, Lender, in addition to such other rights as may be available to it, may pay and discharge such mechanic’s lien, bonded stop notice or other encumbrance or deposit in escrow an amount sufficient to do so, and the amount so paid or deposited shall be treated as an advance of the Loan from Lender to Borrower or the Separate Property Owner, as applicable.
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MECHANIC'S LIENS AND OTHER ENCUMBRANCES. TCL Group Members do not owe any money to any architect, contractor, subcontractor or material supplier for labor or materials performed, rendered or supplied to or in connection with any TCL Owned Real Property or TCL Leased Real Property relating to the TCL Business within the past nine months. There is no work being done at nor materials being supplied to any parcel of TCL Owned Real Property or TCL Leased Real Property relating to the TCL Business other than routine maintenance projects having an aggregate cost through completion of not more than Euro 1 million.
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MECHANIC'S LIENS AND OTHER ENCUMBRANCES. Thomson Group Members do not owe any money to any architect, contractor, subcontractor or material supplier for labor or materials performed, rendered or supplied to or in connection with any Thomson Owned Real Property or Thomson Leased Real Property relating to the Thomson Business within the past nine months. There is no work being done at or materials being supplied to any parcel of Thomson Owned Real Property or Thomson Leased Real Property relating to the Thomson Business other than routine maintenance projects having an aggregate cost through completion of not more than Euro 1 million.
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Related to MECHANIC'S LIENS AND OTHER ENCUMBRANCES

  • Mechanics' and Other Liens Except for Permitted Encumbrances, the Company shall not suffer or permit any mechanics' or other Liens to be filed or to exist against the Collateral or any payments paid or payable under the Loan Documents, by reason of work, labor, services or materials supplied or claimed to have been supplied to, for or in connection with the Collateral or to the Company, the Director or anyone holding the Collateral or any part thereof through or under the Company. If any such Lien shall at any time be filed, the Company shall, within thirty (30) days after notice of the filing thereof but subject to the right to contest as herein set forth, cause the same to be discharged of record by payment, deposit, bond, order of a court of competent jurisdiction or otherwise. Notwithstanding the foregoing, the Company shall have the right, at the Company's expense and after written notice to the Director, by appropriate proceeding timely instituted and diligently prosecuted, to contest in good faith the validity or the amount of any such Lien. If, however, the Director shall notify the Company that, in the opinion of Independent Counsel, by nonpayment of any such items the lien, pledge or security interest created by this Security Agreement as to any part of the Collateral will be materially affected or the Collateral or any part thereof will be subject to imminent loss or forfeiture, the Company shall promptly cause such Lien to be discharged of record, as herein provided. Should the Company fail to cause such Lien to be discharged or to contest the validity or amount thereof, within the period aforesaid, then, the Director may, but shall be under no obligation to, discharge the same either by paying the claim or by procuring the discharge of such Lien by making a deposit or obtaining a bond, which advances if any shall be paid by the Company to the Director on demand, together with interest thereon at the Interest Rate for Advances from the date thereof, in addition to all other payments to be made by the Company pursuant to the Loan Documents and shall be subject to and secured by this Security Agreement as additional indebtedness in accordance with the provisions of Section 2.8 hereof.

  • LIENS; ENCUMBRANCES Borrower acknowledges that, to the extent provided in Section 21, the grant, creation or existence of any mortgage, deed of trust, deed to secure debt, security interest or other lien or encumbrance (a "Lien") on the Mortgaged Property (other than the lien of this Instrument) or on certain ownership interests in Borrower, whether voluntary, involuntary or by operation of law, and whether or not such Lien has priority over the lien of this Instrument, is a "Transfer" which constitutes an Event of Default and subjects Borrower to personal liability under the Note.

  • Taxes and Other Liens Each Related Person shall pay and discharge promptly all taxes, assessments and governmental charges or levies imposed upon it or upon its income or upon any of its Property as well as all claims of any kind (including claims for labor, materials, supplies and rent) which, if unpaid, might become a Lien upon any or all of its Property; provided, however, each Related Person shall not be required to pay any such tax, assessment, charge, levy or claim if the amount, applicability or validity thereof shall currently be contested in good faith by appropriate proceedings diligently conducted by or on behalf of such Related Person and if such Related Person shall have set up reserves therefor adequate under GAAP.

  • Liens and Encumbrances The Company shall not directly or indirectly make, create, incur, assume or permit to exist any assignment, transfer, pledge, mortgage, security interest or other lien or encumbrance of any nature in, to or against any part of the Pledged Property or of the Company's capital stock, or offer or agree to do so, or own or acquire or agree to acquire any asset or property of any character subject to any of the foregoing encumbrances (including any conditional sale contract or other title retention agreement), or assign, pledge or in any way transfer or encumber its right to receive any income or other distribution or proceeds from any part of the Pledged Property or the Company's capital stock; or enter into any sale-leaseback financing respecting any part of the Pledged Property as lessee, or cause or assist the inception or continuation of any of the foregoing.

  • Transfers and Other Liens Grantors shall not (i) sell, assign (by operation of law or otherwise) or otherwise dispose of, or grant any option with respect to, any of the Collateral, except as expressly permitted by the Credit Agreement, or (ii) create or permit to exist any Lien upon or with respect to any of the Collateral of any Grantor, except for Permitted Liens. The inclusion of Proceeds in the Collateral shall not be deemed to constitute Agent’s consent to any sale or other disposition of any of the Collateral except as expressly permitted in this Agreement or the other Loan Documents;

  • Liens Create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than the following:

  • Title; No Other Liens Except for the security interest granted to the Administrative Agent for the ratable benefit of the Lenders pursuant to this Agreement and the other Liens permitted to exist on the Collateral by the Credit Agreement, such Grantor owns each item of the Collateral free and clear of any and all Liens or claims of others. No financing statement or other public notice with respect to all or any part of the Collateral is on file or of record in any public office, except such as have been filed in favor of the Administrative Agent, for the ratable benefit of the Lenders, pursuant to this Agreement or as are permitted by the Credit Agreement.

  • Encumbrances Create, incur, assume or suffer to exist any Lien with respect to any of its property, or assign or otherwise convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries so to do, except for Permitted Liens.

  • Payment of Taxes and Other Potential Liens Pay and discharge promptly all taxes, assessments and governmental charges or levies imposed upon any of them, upon their respective Property or any part thereof and upon their respective income or profits or any part thereof, except that Borrower and its Subsidiaries shall not be required to pay or cause to be paid (a) any tax, assessment, charge or levy that is not yet past due, or is being contested in good faith by appropriate proceedings so long as the relevant entity has established and maintains adequate reserves for the payment of the same or (b) any immaterial tax so long as no material Property of Borrower or any Subsidiary is at impending risk of being seized, levied upon or forfeited.

  • Transfers and Other Liens; Additional Shares (a) Each Grantor agrees that it will not (i) sell, assign or otherwise dispose of, or grant any option with respect to, any of the Collateral, other than sales, assignments and other dispositions of Collateral, and options relating to Collateral, permitted under the terms of the Credit Agreement, or (ii) create or suffer to exist any Lien upon or with respect to any of the Collateral of such Grantor except for the pledge, assignment and security interest created under this Agreement and Liens permitted under the Credit Agreement.

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