MECHANICS OR MATERIALMEN'S LIENS Sample Clauses

MECHANICS OR MATERIALMEN'S LIENS. Unless Lessee shall contest the validity thereof as hereinafter provided, Lessee shall not allow any mechanic's, materialman's or other liens to be filed against the Subleased Premises or any part thereof as a result of any act of omission by Lessee. Lessee may contest, by appropriate proceedings, the amount, validity or application of any mechanic's, materialman's or other lien filed against the Subleased Premises or any part thereof so long as (i) no part of the Subleased Premises would be subject to loss, sale or forfeiture before determination of such contest, (ii) Lessor is not subject to any criminal penalty as a result of the failure to pay such lien, AND (iii) Lessee conducts all such contests, at Lessee's expense, with due diligence and in good faith. If required by Lessor's mortgagee, Lessee shall cause any such lien to be discharged of record by posting a bond.
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MECHANICS OR MATERIALMEN'S LIENS. If proceedings shall have been instituted to show probable cause for the attachment of, or obtain or enforce, any mechanics’ or materialmen’s lien with respect to the Improvements, such proceedings shall have been finally determined in favor of Borrower, or the claims asserted therein shall have been fully bonded to the satisfaction of Lender, or Borrower shall have provided Lender with collateral of a type and in an amount satisfactory to Lender sufficient to discharge such lien in full;
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MECHANICS OR MATERIALMEN'S LIENS. Seller agrees to provide at each --------------------------------- Closing an executed owner's affidavit or other document(s) required by the Title Company as a condition to the issuance of a final title insurance policy in favor of Buyer with affirmative coverage against the possible lien claims of mechanics, laborers and materialmen. Additionally, Seller shall discharge in full any and all such indebtedness on the portion of the Property being acquired at or before each Closing, or at its election, provide Buyer with such other commercially reasonable protections as may be appropriate under the circumstances such as bonding or affirmative title insurance coverage.
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MECHANICS OR MATERIALMEN'S LIENS. Unless Lessee shall contest the validity thereof as hereinafter provided, Lessee shall not allow any mechanic's, materialman's, or other liens to be filed against the Leased Premises or any part thereof as a result of any act of omission by Lessee. Lessee may contest, by appropriate proceedings, the amount, validity or application of any mechanic's, materialman's, or other lien filed against the Leased Premises or any part thereof so long as (i) no part of the Leased Premises would be subject to loss, sale or forfeiture before determination of such contest, (ii) Lessor is not subject to any
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MECHANICS OR MATERIALMEN'S LIENS. Tenant shall not allow any mechanic's, materialman's, or other liens to be filed against any part or all of the Premises as a result of any act or omission by Tenant, provided however, Tenant may contest, by appropriate proceedings, the amount, validity or application of any mechanic's, materialman's, or other lien filed against any part or all of the Premises so long as (i) no part of the Premises would be subject to loss, sale or forfeiture before determination of such contest, (ii) Landlord is not subject to any criminal penalty as a result of the failure to pay such lien, and (iii) Tenant conducts all such contests, at Tenant's expense, with due diligence and in good faith.
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MECHANICS OR MATERIALMEN'S LIENS. Seller agrees to provide at Closing an executed owner's affidavit or other document(s) required by the Title Company as a condition to the issuance of a final title insurance policy in favor of Buyer without exception to the standard, pre-printed title exceptions, including, without limitation, lien claims of mechanics, laborers and materialmen. Additionally, Seller shall discharge in full any and all such indebtedness at or before the Closing.
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MECHANICS OR MATERIALMEN'S LIENS. All work requested by Seller which has been performed in, on or about the Property or materials furnished thereto, which might in any circumstances give rise to a mechanic's or materialmen's lien has been paid in full or will be paid in full prior to Closing.
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Related to MECHANICS OR MATERIALMEN'S LIENS

  • Mechanic’s Liens Tenant shall not suffer or permit any mechanic's lien or other lien to be filed against the Premises, or any portion thereof, by reason of work, labor, skill, services, equipment or materials supplied or claimed to have been supplied to the Premises at the request of Tenant, or of anyone holding the Premises, or any portion thereof, by, through or under Tenant. If any such mechanic's lien or other lien at any time shall be filed against the Premises or any portion thereof, Tenant, within thirty (30) days after the date Tenant first becomes aware of the filing of the same, at Tenant's election, shall cause said lien either to be discharged of record or to be bonded over in a manner which is reasonably acceptable to Landlord. If Tenant shall fail to discharge such mechanic's lien or other lien or to bond over the same within such period, then Landlord may, but shall not be obligated to, discharge the same by paying to the claimant the amount claimed to be due or by procuring the discharge of such lien as to the Premises by deposit of a cash sum or a bond or other security, or in such other manner as is now or may in the future be provided by present or future law for the discharge of such lien as a lien against the Premises. Any amount paid by Landlord, or the value of any deposit so made by Landlord, together with all costs, fees and expenses in connection therewith (including reasonable attorneys' fees), together with interest thereon at the Maximum Rate of Interest, shall be repaid by Tenant to Landlord within thirty (30) days after demand therefor. Tenant shall indemnify, defend and hold harmless Landlord and the Premises from all losses, costs, damages, expenses, liabilities, suits, penalties, claims, demands and obligations, including, without limitation, reasonable attorneys' fees, resulting from the assertion, filing, foreclosure or other legal proceedings with respect to any such mechanic's lien or other lien.

  • Mechanics Except as otherwise provided in this Article, the mechanics for the deduction of representation fees and the transmission of such fees to the Association will, as nearly as possible, be the same as those used for the deduction and transmission of regular membership dues to the Association.

  • MECHANIC'S LIEN Tenant understands and agrees that Tenant and anyone acting on Tenant’s behalf does not have the right to file for mechanic’s liens or any other kind of liens on the Premises. Tenant agrees to give actual advance notice to any contractors, subcontractors or suppliers of goods, labor or services that such liens are invalid. Tenant further agrees to take the additional steps necessary to keep the Premises free of any and all liens that may result from construction completed by or for Tenant.

  • 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:

  • Valid Liens Each Collateral Document delivered pursuant to Sections 4.02, 6.11 and 6.13 will, upon execution and delivery thereof, be effective to create in favor of the Collateral Agent for the benefit of the Secured Parties, legal, valid and enforceable Liens on, and security interests in, the Collateral described therein to the extent intended to be created thereby and (i) when financing statements and other filings in appropriate form are filed in the offices specified on Schedule 4 to the Perfection Certificate and (ii) upon the taking of possession or control by the Collateral Agent of such Collateral with respect to which a security interest may be perfected only by possession or control (which possession or control shall be given to the Collateral Agent to the extent possession or control by the Collateral Agent is required by the Security Agreement), the Liens created by the Collateral Documents shall constitute fully perfected Liens on, and security interests in (to the extent intended to be created thereby), all right, title and interest of the grantors in such Collateral to the extent perfection can be obtained by filing financing statements, in each case subject to no Liens other than Liens permitted hereunder.

  • No Mechanics' Liens There are no mechanics’ or similar liens or claims which have been filed for work, labor or material (and no rights are outstanding that under the law could give rise to such liens) affecting the related Mortgaged Property which are or may be liens prior to, or equal or coordinate with, the lien of the related Mortgage;

  • 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.

  • Other Liens Not to create, assume, or allow any security interest or lien (including judicial liens) on property the Borrower now or later owns, except:

  • No Liens or Encumbrances Company's title to and ownership of Company-Owned Interconnection Facilities that were designed and constructed by Seller and/or its Contractors shall be free and clear of liens and encumbrances.

  • Permitted Encumbrances The term “Permitted Encumbrances” shall mean:

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