Common use of MECHANICS' LIENS AND OTHER LIENS Clause in Contracts

MECHANICS' LIENS AND OTHER LIENS. 22.1. If any mechanics' or other lien is filed against all or any part of the Property by reason of any labor, material or service furnished or alleged to have been furnished to Tenant in connection with construction, alteration or repair of improvements on the Property made by Tenant, Tenant shall cause such lien to be released of record by payment, bond or otherwise as allowed by law, at Tenant's expense, within ten (10) business days after the filing and service thereof; and Tenant shall, at its expense, defend any proceeding for the enforcement of such lien, discharge any judgment thereon and save Landlord and any mortgagee harmless from all losses and expenses resulting therefrom including reasonable counsel fees and other expenses incurred by Landlord and any mortgagee, if any of them elect to defend or participate in the defense of such proceedings. Nothing in this Section 22 or elsewhere in this Lease shall be construed as a consent by Landlord that a mechanics' lien for any work authorized or contracted for by Tenant or required by this Lease may attach to or constitute a lien against Landlord's estate. 22.2. Tenant shall not permit the Property to be subjected to any statutory lien or any other lien or encumbrance that might obtain priority over Landlord's interest in the Property or be in parity therewith by reason of any act or omission on the part of Tenant or any of its approved licensees or subtenants or their respective agents, servants, employees or contractors other than real estate taxes for which no interest or penalty has yet been incurred; and in the event that any such lien attaches to the Property, Tenant shall discharge such lien promptly by payment, bond or otherwise as allowed by law, at its own expense, within ten (10) business days after the filing (and service or notice) thereof.

Appears in 2 contracts

Samples: Ground Lease (Carrollton Bancorp), Ground Lease (Carrollton Bancorp)

AutoNDA by SimpleDocs

MECHANICS' LIENS AND OTHER LIENS. 22.1. 20.1 If any mechanics' or other lien is filed against all or any part of the Property Premises by reason of any labor, material or service furnished or alleged to have been furnished to Tenant in connection with construction, alteration or repair of improvements on the Property Premises made by Tenant, Tenant shall cause such lien to be released of record by payment, bond or otherwise as allowed by law, at Tenant's ’s expense, within ten (10) business days after the filing and service thereof; and Tenant shall, at its expense, defend any proceeding for the enforcement of such lien, discharge any and judgment thereon and save Landlord and any mortgagee harmless from all losses and expenses resulting therefrom including reasonable counsel fees and other expenses incurred by Landlord and any mortgagee, if any of them elect to defend or participate in the defense of such proceedings. Nothing in this Section 22 20 or elsewhere in this Lease shall be construed as a consent by Landlord that a mechanics' lien for any work authorized or contracted for by Tenant or required by this Lease may attach to or constitute a lien against Landlord's ’s estate. 22.2. 20.2 Tenant shall not permit the Property Premises to be subjected to any statutory lien or any other lien or encumbrance that might obtain priority over Landlord's ’s interest in the Property Premises or be in parity therewith by reason of any act or omission on the part of Tenant or any of its approved licensees or subtenants or their respective agents, servants, employees or contractors other than real estate taxes for which no interest or penalty has yet been incurred; and in the event that any such lien attaches to the PropertyPremises, Tenant shall discharge such lien promptly by payment, bond or otherwise as allowed by law, at its own expense, within ten (10) business days after the filing (and service or notice) thereof.

Appears in 1 contract

Samples: Ground Lease (Carrollton Bancorp)

MECHANICS' LIENS AND OTHER LIENS. 22.1. If any mechanics' or other lien is filed against all or any part of the Property by reason of any labor, material or service furnished or alleged to have been furnished to Tenant in connection with construction, alteration or repair of improvements on the Property made by Tenant, Tenant shall cause such lien to be released of record by payment, bond or otherwise as allowed by law, at Tenant's ’s expense, within ten (10) business days after the filing and service thereof; and Tenant shall, at its expense, defend any proceeding for the enforcement of such lien, discharge any judgment thereon and save Landlord and any mortgagee harmless from all losses and expenses resulting therefrom including reasonable counsel fees and other expenses incurred by Landlord and any mortgagee, if any of them elect to defend or participate in the defense of such proceedings. Nothing in this Section 22 or elsewhere in this Lease shall be construed as a consent by Landlord that a mechanics' lien for any work authorized or contracted for by Tenant or required by this Lease may attach to or constitute a lien against Landlord's ’s estate. 22.2. Tenant shall not permit the Property to be subjected to any statutory lien or any other lien or encumbrance that might obtain priority over Landlord's ’s interest in the Property or be in parity therewith by reason of any act or omission on the part of Tenant or any of its approved licensees or subtenants or their respective agents, servants, employees or contractors other than real estate taxes for which no interest or of penalty has yet been incurred; and in the event that any such lien attaches to the Property, Tenant shall discharge such lien promptly by payment, bond or otherwise as allowed by law, at its own expense, within ten (10) business days after the filing (and service or notice) thereof.

Appears in 1 contract

Samples: Ground Lease (Carrollton Bancorp)

AutoNDA by SimpleDocs

MECHANICS' LIENS AND OTHER LIENS. 22.1. If any mechanics' or other lien is filed against all or any part of the Property by reason of any labor, material or service furnished or alleged to have been furnished to Tenant in connection with construction, alteration or repair of improvements on the Property made by Tenant, Tenant shall cause such lien to be released of record by payment, bond or otherwise as allowed by law, at Tenant's ’s expense, within ten (10) business days after the filing and service thereof; and Tenant shall, at its expense, defend any proceeding for the enforcement of such lien, discharge any judgment thereon and save Landlord and any mortgagee harmless from all losses and expenses resulting therefrom including reasonable counsel fees and other expenses incurred by Landlord and any mortgagee, if any of them elect to defend or participate in the defense of such proceedings. Nothing in this Section 22 or elsewhere in this Lease shall be construed as a consent by Landlord that a mechanics' lien for any work authorized or contracted for by Tenant or required by this Lease may attach to or constitute a lien against Landlord's ’s estate. 22.2. Tenant shall not permit the Property to be subjected to any statutory lien or any other lien or encumbrance that might obtain priority over Landlord's ’s interest in the Property or be in parity therewith by reason of any act or omission on the part of Tenant or any of its approved licensees or subtenants or their respective agents, servants, employees or contractors other than real estate taxes for which no interest or penalty has yet been incurred; and in the event that any such lien attaches to the Property, Tenant shall discharge such lien promptly by payment, bond or otherwise as allowed by law, at its own expense, within ten (10) business days after the filing (and service or notice) thereof.

Appears in 1 contract

Samples: Ground Lease (Carrollton Bancorp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!