Common use of Mechanics Liens, Etc Clause in Contracts

Mechanics Liens, Etc. Except as have been paid for in full by the Borrower on or before the Closing Date or as shall be paid prior to delinquency in the ordinary course of the Borrower's business, no improvements or repairs have been made to the Premises during the one hundred twenty (120) days preceding the date hereof; there are no contracts not fully performed, and no outstanding bills incurred, for labor or materials used in making improvements or repairs on the Premises, or for services of architects, surveyors or engineers incurred in connection therewith. The Borrower has made no contract or arrangement of any kind whatsoever, the performance of which by the other party thereto could give rise to a Lien on the Premises superior to that of the Security Instrument.

Appears in 5 contracts

Samples: Loan Agreement (Wellsford Real Properties Inc), Loan Agreement (RFS Hotel Investors Inc), Loan Agreement (RFS Hotel Investors Inc)

AutoNDA by SimpleDocs

Mechanics Liens, Etc. Except as have been paid for in full by the Borrower on or before the Closing Date or as shall be paid prior to delinquency in the ordinary course of the Borrower's business, (i) no improvements or repairs have been made to the Premises during the one hundred twenty (120) days preceding the date hereof; hereof and (ii) there are no contracts not fully performed, and no outstanding bills incurred, for labor or materials used in making improvements or repairs on the Premises, or for services of architects, surveyors or engineers incurred in connection therewith. The Borrower has made no contract or arrangement of any kind whatsoever, the performance of which by the other party thereto could give rise to a Lien on the Premises superior to that of the Security InstrumentInstruments.

Appears in 1 contract

Samples: Loan Agreement (Innkeepers Usa Trust/Fl)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.