Common use of Notice of Lien; Bond Clause in Contracts

Notice of Lien; Bond. Should any claims of lien be filed against, or any action be commenced affecting, the Premises, Tenant’s interest in the Premises or the Common Area, Tenant shall give Landlord notice of such lien or action within five (5) business days after Tenant receives notice of the filing of the lien or the commencement of the action. In the event that Tenant shall not, within twenty (20) days following the imposition of any such lien, cause such lien to be released of record by payment or posting of a proper bond, Landlord shall have, in addition to all other remedies provided herein and by law, the right, but not the obligation, to cause the same to be released by such means as Landlord shall deem proper, including payment of the claim giving rise to such lien or posting of a proper bond. All such sums paid by Landlord and all expenses incurred by Landlord in connection therewith, including attorneys’ fees and costs, shall be payable to Landlord by Tenant as Additional Rent on demand.

Appears in 2 contracts

Samples: Net Lease Agreement (Mellanox Technologies, Ltd.), Net Lease Agreement (Laserscope)

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Notice of Lien; Bond. Should any claims of lien be filed against, or any action be commenced affecting, affecting the Premises, Tenant’s interest in the Premises or any other portion of the Common AreaProject, Tenant shall give Landlord notice of such lien or action within five thirty (530) business days after Tenant receives notice of the filing of the lien or the commencement of the action. In the event that Tenant shall not, within twenty sixty (2060) days following the imposition of any such lien, cause such lien to be released of record by payment or posting of a proper bond, Landlord shall have, in addition to all other remedies provided herein and by law, the right, but not the obligation, to cause the same to be released by such means as Landlord shall deem proper, including payment of the claim giving rise to such lien or posting of a proper bond. All such sums paid by Landlord and all expenses incurred by Landlord in connection therewith, including attorneys’ fees and costs, shall be payable to Landlord by Tenant as Additional Rent on demandwithin thirty (30) days of written notice.

Appears in 1 contract

Samples: Net Lease Agreement (Trident Microsystems Inc)

Notice of Lien; Bond. Should any claims of lien be filed against, -------------------- or any action be commenced affecting, affecting the Premises, Tenant’s 's interest in the Premises or any other portion of the Common AreaProject, Tenant shall give Landlord notice of such lien or action within five ten (510) business days after Tenant receives notice of the filing of the lien or the commencement of the action. In the event that Tenant shall not, within twenty (20) days following the imposition of any such lien, cause such lien to be released of record by payment or posting of a proper bond, Landlord shall have, in addition to all other remedies provided herein and by law, the right, but not the obligation, to cause the same to be released by such means as Landlord shall deem proper, including payment of the claim giving rise to such lien or posting of a proper bond. All such sums paid by Landlord and all expenses incurred by Landlord in connection therewith, including attorneys' fees and costs, shall be payable to Landlord by Tenant as Additional Rent on demand.

Appears in 1 contract

Samples: Net Lease Agreement (Navisite Inc)

Notice of Lien; Bond. Should any claims of lien be filed against, or any action be commenced affecting, affecting the Premises, Tenant’s 's interest in the Premises or any other portion of the Common AreaProject, Tenant shall give Landlord notice of such lien or action within five (5) business days after Tenant receives notice of the filing of the lien or the commencement of the action. In the event that Tenant shall not, within twenty (20) days following the imposition of any such lien, cause such lien to be released of record by payment or posting of a proper bond, Landlord shall have, in addition to all other remedies provided herein and by law, the right, but not the obligation, to cause the same to be released by such means as Landlord shall deem proper, including payment of the claim giving rise to such lien or posting of a proper bond. All such sums paid by Landlord and all expenses incurred by Landlord in connection therewith, including attorneys' fees and costs, shall be payable to Landlord by Tenant as Additional Rent on demand.

Appears in 1 contract

Samples: Net Lease Agreement (Laserscope)

Notice of Lien; Bond. Should any claims of lien be filed against, or any action be commenced affecting, affecting the Premises, Tenant’s interest in the Premises or any other portion of the Common AreaProject, Tenant shall give Landlord notice of such lien or action within five (5) business days after Tenant receives notice of the filing of the lien or the commencement of the action. In the event that Tenant shall not, within twenty thirty (2030) days following the date Tenant becomes aware or receives notice of the imposition of any such lien, cause such lien to be released of record by payment or posting of a proper bond, Landlord shall have, in addition to all other remedies provided herein and by law, the right, but not the obligation, to cause the same to be released by such means as Landlord shall deem proper, including payment of the claim giving rise to such lien or posting of a proper bond. All such sums paid by Landlord and all expenses incurred by Landlord in connection therewith, including attorneys’ fees and costs, shall be payable to Landlord by Tenant as Additional Rent on demand.

Appears in 1 contract

Samples: Net Lease Agreement (Proteinsimple)

Notice of Lien; Bond. Should any claims of lien be filed against, or any action be commenced affecting, affecting the Premises, Tenant’s interest in the Premises or any other portion of the Common AreaProject, Tenant shall give Landlord notice of such lien or action within five (5) business days after Tenant receives notice of the filing of the lien or the commencement of the action. In the event that Tenant shall not, within twenty (20) days following the imposition of any such lien, cause such lien to be released of record by payment or posting of a proper bond, Landlord shall have, in addition to all other remedies provided herein and by law, the right, but not the obligation, to cause the same to be released by such means as Landlord shall deem proper, including payment of the claim giving rise to such lien or posting of a proper bond. All such sums paid by Landlord and all expenses incurred by Landlord in connection therewith, including attorneys’ fees and costs, shall be payable to Landlord by Tenant as Additional Rent on demand.

Appears in 1 contract

Samples: Agreement (Borland Software Corp)

Notice of Lien; Bond. Should any claims of lien be filed against, or any action be commenced affecting, the Premises, Tenant’s 's interest in the Premises or the Common Area, Tenant shall give Landlord notice of such lien or action within five seven (57) business days after Tenant receives notice of the filing of the lien or the commencement of the action. In the event that Tenant shall not, within twenty thirty (2030) days following the imposition of any such lien, cause such lien to be released of record by payment or posting of a proper bond, Landlord shall have, in addition to all other remedies provided herein and by law, the right, but not the obligation, to cause the same to be released by such means as Landlord shall deem proper, including payment of the claim giving rise to such lien or posting of a proper bond. All such sums paid by Landlord and all expenses incurred by Landlord in connection therewith, including attorneys' fees and costs, shall be payable to Landlord by Tenant as Additional Rent on demand.

Appears in 1 contract

Samples: Net Lease Agreement (Integrated Device Technology Inc)

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Notice of Lien; Bond. Should any claims of lien be filed -------------------- against, or any action be commenced affecting, affecting the Premises, Tenant’s 's interest in the Premises or any other portion of the Common AreaProject, Tenant shall give Landlord notice of such lien or action within five three (53) business days after Tenant receives notice of the filing of the lien or the commencement of the action. In the event that Tenant shall not, within twenty (20) days following the imposition of any such lien, cause such lien to be released of record by payment or posting of a proper bond, Landlord shall have, in addition to all other remedies provided herein and by law, the right, but not the obligation, to cause the same to be released by such means as Landlord shall deem proper, including payment of the claim giving rise to such lien or posting of a proper bond. All such sums paid by Landlord and all expenses incurred by Landlord in connection therewith, including attorneys' fees and costs, shall be payable to Landlord by Tenant as Additional Rent on demand.

Appears in 1 contract

Samples: Lease Agreement (Symphonix Devices Inc)

Notice of Lien; Bond. Should any claims of lien be filed against, or any action be commenced affecting, affecting the Premises, Tenant’s interest in the Premises or any other portion of the Common AreaProject, Tenant shall give Landlord notice of such lien or action within five (5) business days after Tenant receives notice of the filing of the lien or the commencement of the action. In the event that Tenant shall not, within twenty (20) days following the date Tenant becomes aware of the imposition of any such lien, cause such lien to be released of record by payment or posting of a proper bond, Landlord shall have, in addition to all other remedies provided herein and by law, the right, but not the obligation, to cause the same to be released by such means as Landlord shall deem proper, including payment of the claim giving rise to such lien or posting of a proper bond. All such sums paid by Landlord and all expenses reasonably incurred by Landlord in connection therewith, including attorneys’ fees and costs, shall be payable to Landlord by Tenant as Additional Rent on demand.

Appears in 1 contract

Samples: Improvement Agreement (Calix, Inc)

Notice of Lien; Bond. Should any claims of lien be filed against, or any action be commenced affecting, affecting the Premises, Tenant’s interest in the Premises or any other portion of the Common AreaProject, Tenant shall give Landlord notice of such lien or action within five (5) business days after Tenant receives notice of the filing of the lien or the commencement of the action. In the event that Tenant shall not, within twenty fifteen (2015) days following the date Tenant receives notice or becomes aware of the imposition of any such lien, cause such lien to be released of record by payment or posting of a proper bond, Landlord shall have, in addition to all other remedies provided herein and by law, the right, but not the obligation, to cause the same to be released by such means as Landlord shall deem proper, including payment of the claim giving rise to such lien or posting of a proper bond. All such sums paid by Landlord and all expenses incurred by Landlord in connection therewith, including attorneys’ fees and costs, shall be payable to Landlord by Tenant as Additional Rent on demand.

Appears in 1 contract

Samples: Improvement Agreement (Rackable Systems, Inc.)

Notice of Lien; Bond. Should any claims of lien be filed against, or any action be commenced affecting, affecting the Premises, Tenant’s interest in the Premises or any other portion of the Common AreaProject, Tenant shall give Landlord notice of such lien or action within five three (53) business days after Tenant receives notice of the filing of the lien or the commencement of the action. In the event that Tenant shall not, within twenty (20) days following the imposition of any such lien, cause such lien to be released of record by payment or posting of a proper bond, Landlord shall have, in addition to all other remedies provided herein and by law, the right, but not the obligation, to cause the same to be released by such means as Landlord shall deem proper, including payment of the claim giving rise to such lien or posting of a proper bond. All such sums paid by Landlord and all expenses incurred by Landlord in connection therewith, including attorneys’ fees and costs, shall be payable to Landlord by Tenant as Additional Rent on demand.

Appears in 1 contract

Samples: Lease Agreement (Daystar Technologies Inc)

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