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Common use of No Prior Liens or Claims Clause in Contracts

No Prior Liens or Claims. Except as otherwise may have been approved in writing by Lender and as to which Lender shall have received such endorsements (including mechanics lien coverage) to the Title Policy as Lender may require to assure the priority of the Mortgage as a valid first lien on the Project, subject only to Permitted Exceptions, Borrower represents that, prior to recordation of the Mortgage, neither it, nor anyone acting on Borrower's behalf has (i) commenced construction of the Development Work, or any grading or site clearance related thereto, (ii) purchased, contracted for or otherwise brought upon the Land any materials, specially fabricated or otherwise, to be incorporated into the Development Work, or (iii) entered into any contract or arrangement, the performance of which by any other party thereto could give rise to a lien or claim on the Project or any portion thereof.

Appears in 1 contract

Samples: Loan Agreement (United Homes Inc)

No Prior Liens or Claims. Except as otherwise may have been approved in writing by Lender and as to which Lender shall have received such endorsements (including mechanics lien coverage) to the Title Policy as Lender may require to assure the priority of the Mortgage Deed of Trust as a valid first lien on the each Project, subject only to Permitted Exceptions, Borrower represents that, prior to recordation of the MortgageDeed of Trust, neither it, nor anyone acting on Borrower's ’s behalf has (i) commenced construction of the Development WorkWork or the Homes, or any grading or site clearance related thereto, (ii) purchased, contracted for or otherwise brought upon the Land related to any such Project any materials, specially fabricated or otherwise, to be incorporated into the Development WorkWork or the Homes related to any such Project, or (iii) entered into any contract or arrangement, the performance of which by any other party thereto could give rise to a lien or claim on the any such Project or any portion thereof.

Appears in 1 contract

Samples: Loan Agreement (William Lyon Homes)

No Prior Liens or Claims. Except as otherwise may have been approved in writing by Lender and as to which Lender shall have received such endorsements (including mechanics lien coverage) to the Title Policy as Lender may require to assure the priority of the Mortgage as a valid first lien on the Project, subject only to Permitted Exceptions, Borrower represents that, prior to recordation of the Mortgage, neither it, nor anyone acting on Borrower's behalf has (i) commenced construction of the Development WorkWork or the Construction Improvements, or any grading or site clearance related thereto, (ii) purchased, contracted for or otherwise brought upon the Land any materials, specially fabricated or otherwise, to be incorporated into the Development WorkWork or the Construction Improvements, or (iii) entered into any contract or arrangement, the performance of which by any other party thereto could give rise to a lien or claim on the Project or any portion thereof.

Appears in 1 contract

Samples: Loan Agreement (United Homes Inc)

No Prior Liens or Claims. Except as otherwise may have been approved in writing by Lender and as to which Lender shall have received such endorsements endorsement (including mechanics lien coverage) to the Title Policy as Lender may require to assure the priority of the Mortgage as a valid first lien on the Project, subject only to Permitted Exceptions, Borrower represents that, prior to recordation of the Mortgage, neither it, nor anyone acting on Borrower's behalf has (i) commenced construction of the Development WorkWork or the Construction Improvements, or any grading or site clearance related thereto, (ii) purchased, contracted for or otherwise brought upon the Land any materials, specially fabricated or otherwise, to be incorporated into the Development WorkWork or the Construction Improvements, or (iii) entered into any contract or arrangement, the performance of which by any other party thereto could give rise to a lien or claim on the Project or any portion thereof.

Appears in 1 contract

Samples: Loan Agreement (United Homes Inc)

No Prior Liens or Claims. Except as otherwise may have been approved in writing by Lender and as to which Lender shall have received such endorsements (including mechanics lien coverage) to the Title Policy as Lender may require to assure the priority of the Mortgage Deed of Trust as a valid first lien on the each Project, subject only to Permitted Exceptions, Borrower represents that, prior to recordation of the MortgageDeed of Trust, neither it, nor anyone acting on Borrower's ' s behalf has (i) commenced construction of the Development WorkWork or the Homes, or any grading or site clearance related thereto, (ii) purchased, contracted for or otherwise brought upon the Land related to any such Project any materials, specially fabricated or otherwise, to be incorporated into the Development WorkWork or the Homes related to any such Project, or (iii) entered into any contract or arrangement, the performance of which by any other party thereto could give rise to a lien or claim on the any such Project or any portion thereof.

Appears in 1 contract

Samples: Loan Agreement (William Lyon Homes)