Obligation to Discharge Liens and Remove Violations Sample Clauses

Obligation to Discharge Liens and Remove Violations. (a)Developer shall cause to be bonded or removed any liens or other encumbrances (other than Permitted Encumbrances) filed or recorded against the Building or any other portion of the Property at or after the Closing, by any Person performing the Original Developer Work, the Developer Work or any Finish Work, or by any Person asserting a claim against Developer or Legacy Tenant with respect thereto, in each case within forty five (45) days of the filing thereof. In addition, Developer shall proceed with due diligence to cause to be removed any Developer Violations which are noticed or filed against the Building after the Closing. Developer’s obligations under this Section 6.05 are guaranteed by the Related/Oxford Guarantor subject to and in accordance with the Related/Oxford Guaranty. (b)Coach Legacy shall cause to be bonded or removed any liens or other encumbrances filed or recorded against the Building or any other portion of the Property by any Person (other than Developer or anyone engaged or retained by Developer, Developer’s Consultants, Executive Construction Manager, Construction Manager or Project Architect or any affiliates of the foregoing) that performed any work, including, without limitation, any Coach Finish Work, for or on behalf of Coach Legacy prior to the date hereof, or by any Person asserting a claim against Coach Legacy or Legacy Tenant with respect thereto, in the Building or any portion thereof, including the Premises, in each case within forty five (45) days of the filing thereof. Section 6.06
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Obligation to Discharge Liens and Remove Violations. (a) Developer shall cause to be bonded or removed any liens or other encumbrances (other than Permitted Encumbrances) filed or recorded against the Building or any other portion of the Property at or after the Closing, by any Person performing the Original Developer Work, the Developer Work or any Finish Work, or by any Person asserting a claim against Developer or Legacy Tenant with respect thereto, in each case within forty five (45) days of the filing thereof. In addition, Developer shall proceed with due diligence to cause to be removed any Developer Violations which are noticed or filed against the Building after the Closing. Developer’s obligations under this Section 6.05 are guaranteed by the Related/Oxford Guarantor subject to and in accordance with the Related/Oxford Guaranty.
Sample 1

Related to Obligation to Discharge Liens and Remove Violations

  • Termination of Non-Permitted Liens In the event that Borrower or any of its Subsidiaries shall become aware or be notified by the Lenders of the existence of any outstanding Lien against any Property of Borrower or any of its Subsidiaries, which Lien is not a Permitted Lien, Borrower shall use its best efforts to promptly terminate or cause the termination of such Lien.

  • Resignation and Removal of the Collateral Agent (a) The Collateral Agent may at any time resign and be discharged from the trusts hereby created by giving thirty (30) days' written notice thereof to the Indenture Trustee, the Servicer, and the Note Insurer.

  • Waiver, Discharge, etc This Agreement shall not be released, discharged, abandoned, changed or modified in any manner, except by an instrument in writing executed by or on behalf of each of the parties hereto by their duly authorized officer or representative. The failure of any party to enforce at any time any of the provisions of this Agreement shall in no way be construed to be a waiver of any such provision, nor in any way to affect the validity of this Agreement or any part hereof or the right of any party thereafter to enforce each and every such provision. No waiver of any breach of this Agreement shall be held to be a waiver of any other or subsequent breach.

  • Authorization of Actions to Be Taken by the Trustee Under the Security Documents (a) Subject to the provisions of Section 7.01 and 7.02 hereof, the Trustee may, in its sole discretion and without the consent of the Holders of Notes, direct, on behalf of the Holders of Notes, the Collateral Agent to, take all actions it deems necessary or appropriate in order to:

  • Title to Collateral; Perfection; Permitted Liens (a) Borrower is now, and will at all times in the future be, the sole owner of all the Collateral, except for items of Equipment which are leased to Borrower. The Collateral now is and will remain free and clear of any and all liens, charges, security interests, encumbrances and adverse claims, except for Permitted Liens. Silicon now has, and will continue to have, a first-priority perfected and enforceable security interest in all of the Collateral, subject only to the Permitted Liens, and Borrower will at all times defend Silicon and the Collateral against all claims of others.

  • Remedies of the Trustee and Securityholders on Event of Default SECTION 5.1 Event of Default Defined; Acceleration of Maturity; Waiver of Default. "

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