Common use of Mechanics Liens, Etc Clause in Contracts

Mechanics Liens, Etc. The Mortgagor will pay or bond off, as the same shall become due, all lawful claims and demands of mechanics, materialmen, laborers and others which, if unpaid, might result in, or permit the creation of, a lien on the Mortgaged Property or on the revenues, rents, issues, income and profits arising therefrom. The Mortgagor will not create or permit to be created and will promptly discharge or bond off any mortgage, lien, or charge on the Mortgaged Property or on the interest of the Mortgagor or the Mortgagee therein, and the Mortgagor will do or cause to be done everything necessary so that the lien hereof shall be fully preserved, at the cost of the Mortgagor, without expense to the Mortgagee;

Appears in 3 contracts

Samples: Mortgage and Security Agreement (Micronetics Inc), Mortgage and Security Agreement (Presstek Inc /De/), Mortgage and Security Agreement (Presstek Inc /De/)

AutoNDA by SimpleDocs

Mechanics Liens, Etc. The Mortgagor will pay or bond offpay, as the same shall become due, all lawful and uncontested claims and demands of mechanics, materialmen, laborers and others which, if unpaid, might result in, or permit the creation of, a lien on the Mortgaged Property or on the revenues, rents, issues, income and profits arising therefrom. The Mortgagor will not create or permit to be created and will promptly discharge or bond off any mortgage, lien, or charge on the Mortgaged Property or on the interest of the Mortgagor or the Mortgagee therein, and the Mortgagor will do or cause to be done everything necessary so that the lien hereof shall be fully preserved, at the cost of the Mortgagor, without expense to the Mortgagee;; and

Appears in 1 contract

Samples: Green Mountain Coffee Inc

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