Common use of Payment for Labor and Materials Clause in Contracts

Payment for Labor and Materials. Borrower will promptly pay when due all bills and costs for labor, materials, and specifically fabricated materials incurred in connection with the Property and never permit to exist beyond the due date thereof in respect of the Property or any part thereof any lien or security interest, even though inferior to the liens and the security interests hereof, and in any event never permit to be created or exist in respect of the Property or any part thereof any other or additional lien or security interest other than the liens or security interests hereof, except for the Permitted Exceptions (defined in Section 5.1).

Appears in 9 contracts

Samples: Mortgage and Security Agreement (Pennsylvania Real Estate Investment Trust), Mortgage and Security Agreement (Pennsylvania Real Estate Investment Trust), Mortgage and Security Agreement (Pennsylvania Real Estate Investment Trust)

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Payment for Labor and Materials. Borrower will promptly pay when due all bills and costs for labor, materials, and specifically fabricated materials incurred in connection with the Property and never permit to exist beyond the due date thereof in respect of the Property or any part thereof any lien or security interest, even though inferior to the liens and the security interests hereof, and in any event never permit to be created or exist in respect of the Property or any part thereof any other or additional lien or security interest other than the liens or security interests hereof, except for the Permitted Exceptions (defined in Section 5.1as hereinafter defined).

Appears in 7 contracts

Samples: Deed of Trust and Security Agreement (Republic Property Trust), Mortgage and Security Agreement (Gladstone Commercial Corp), Trust and Security Agreement (First Potomac Realty Trust)

Payment for Labor and Materials. Borrower will promptly pay when due all bills and costs for labor, materials, and specifically fabricated materials incurred in connection with the Property and never permit to exist beyond the due date thereof in respect of the Property or any part thereof any lien or security interest, even though inferior to the liens and the security interests hereof, and in any event never permit to be created or exist in respect of the Property or any part thereof any other or additional lien or security interest other than the liens or security interests hereof, except for the Permitted Exceptions (defined in Section 5.1below).

Appears in 5 contracts

Samples: Mortgage And (Resource Real Estate Opportunity REIT, Inc.), Credit Agreement (Moore Handley Inc /De/), Trust and Security Agreement (Innovative Micro Technology Inc)

Payment for Labor and Materials. Borrower will promptly pay when due all bills and costs for labor, materials, and specifically fabricated materials incurred in connection with the Property and never permit to exist beyond the due date thereof in respect of the Property or any part thereof any lien or security interest, even though inferior to the liens and the security interests hereof, and in any event never permit to be created or exist in respect of the Property or any part thereof any other or additional lien or security interest other than the liens or security interests hereof, except for the Permitted Exceptions (defined in Section 5.1)Encumbrances.

Appears in 5 contracts

Samples: Security Agreement, And Security Agreement (KBS Real Estate Investment Trust, Inc.), Restatement Agreement (KBS Real Estate Investment Trust, Inc.)

Payment for Labor and Materials. Borrower will promptly pay when due all bills and costs for labor, materials, and specifically fabricated materials incurred in connection with the Property and never permit to exist beyond the due date thereof in respect of the Property or any part thereof any lien or security interest, even though inferior to the liens and the security interests hereof, and in any event never permit to be created or exist in respect of the Property or any part thereof any other or additional lien or security interest other than the liens or security interests hereof, except for the Permitted Exceptions (defined in Section 5.1below).

Appears in 4 contracts

Samples: Mortgage and Security Agreement (Wellsford Real Properties Inc), Mortgage and Security Agreement (Cedar Income Fund LTD /Md/), Mortgage and Security Agreement (Cedar Income Fund LTD /Md/)

Payment for Labor and Materials. Borrower will promptly pay when due all bills and costs for labor, materials, and specifically fabricated materials incurred in connection with the any Individual Property and never permit to exist beyond the due date thereof in respect of the any Individual Property or any part thereof any lien or security interest, even though inferior to the liens and the security interests interest hereof, and in any event never permit to be created or exist in respect of the any Individual Property or any part thereof any other or additional lien or security interest other than the liens or security interests hereof, except for the Permitted Exceptions (defined in Section 5.1)Encumbrances.

Appears in 3 contracts

Samples: Loan Agreement (Equity Inns Inc), Loan Agreement (Equity Inns Inc), Loan Agreement (Equity Inns Inc)

Payment for Labor and Materials. Borrower will promptly pay when due all bills and costs for labor, materials, and specifically fabricated materials incurred in connection with the Property and never permit to exist beyond the due date thereof in respect of the Property or any part thereof any lien or security interest, even though inferior to the liens and the security interests hereof, and in any event never permit to be created or exist in respect of the Property or any part thereof any other or additional lien or security interest other than the liens or security interests hereof, except for the Permitted Exceptions (defined in Section 5.1below).

Appears in 3 contracts

Samples: Mortgage And (Paladin Realty Income Properties Inc), Mortgage And (Secured Investment Resources Fund Lp Ii), Securities Purchase Agreement (Ramtron International Corp)

Payment for Labor and Materials. Borrower will promptly pay when due all bills and costs for labor, materials, and specifically fabricated materials incurred in connection with the Property and never permit to exist beyond the due date thereof in respect of the Property or any part thereof any lien or security interest, even though inferior to the liens and the security interests hereof, and in any event never permit to be created or exist in respect of the Property or any part thereof any other or additional lien or security interest other than the liens or security interests hereof, except for the Permitted Exceptions (as defined in Section 5.1below).

Appears in 2 contracts

Samples: Mortgage and Security Agreement (Griffin Land & Nurseries Inc), Mortgage and Security Agreement (Griffin Land & Nurseries Inc)

Payment for Labor and Materials. Borrower will promptly pay when due all bills and costs for labor, materials, and specifically fabricated materials incurred by Borrower in connection with the Property and never permit to exist beyond the due date thereof in respect of the Property or any part thereof any lien or security interest, even though inferior to the liens and the security interests hereof, and in any event never permit to be created or exist in respect of Bxxxxxxx's interest in the Property or any part thereof any other or additional lien or security interest other than the liens or security interests hereof, except for the Permitted Exceptions (defined in Section 5.1below).

Appears in 2 contracts

Samples: Mortgage and Security Agreement (Sun Communities Inc), Mortgage and Security Agreement (Sun Communities Inc)

Payment for Labor and Materials. Borrower will shall promptly pay when due all bills and costs for labor, materials, and specifically fabricated materials incurred in connection with the Property and never permit to exist beyond the due date thereof in respect of the Property or any part thereof any lien or security interest, even though inferior to the liens and the security interests hereof, and in any event never permit to be created or exist in respect of the Property or any part thereof any other or additional lien or security interest other than the liens or security interests hereof, except for the Permitted Exceptions (defined in Section 5.1)Exceptions.

Appears in 2 contracts

Samples: Glimcher Realty Trust, Glimcher Realty Trust

Payment for Labor and Materials. Borrower will promptly pay when due all bills and costs for labor, materials, and specifically fabricated materials incurred by Borrower in connection with the Property and never permit to exist beyond the due date thereof in respect of the Property or any part thereof any lien or security interest, even though inferior to the liens and the security interests hereof, and in any event never permit to be created or exist in respect of Borrower's interest in the Property or any part thereof any other or additional lien or security interest other than the liens or security interests hereof, except for the Permitted Exceptions (defined in Section 5.1below).

Appears in 2 contracts

Samples: And Spreader Agreement and Security Agreement, Extension and Spreader Agreement and Security Agreement (Sun Communities Inc)

Payment for Labor and Materials. Borrower will promptly pay when due all applicable bills and costs for labor, materials, and specifically fabricated materials incurred in connection with the Property and never permit to exist beyond the due date thereof in respect of the Property or any part thereof any lien or security interest, even though inferior to the liens and the security interests hereof, and in any event never permit to be created or exist in respect of the Property or any part thereof any other or additional lien or security interest other than the liens or security interests hereof, except for the Permitted Exceptions (defined in Section 5.1below).

Appears in 1 contract

Samples: Credit Agreement (Cybex International Inc)

Payment for Labor and Materials. a) Borrower will promptly pay when due all bills and costs for labor, materials, and specifically fabricated materials ("Labor and Material Costs") incurred in connection with the Property and never permit to exist beyond the due date thereof in respect of the Property or any part thereof any lien or security interest, even though inferior to the liens and the security interests hereof, and in any event never permit to be created or exist in respect of the Property or any part thereof any other or additional lien or security interest other than the liens or security interests hereof, hereof except for the Permitted Exceptions (defined in Section 5.1)Encumbrances.

Appears in 1 contract

Samples: Glimcher Realty Trust

Payment for Labor and Materials. Borrower will promptly pay when due all bills and costs for labor, materials, and specifically fabricated materials incurred in connection with the any Individual Property and never permit to exist beyond the due date thereof in respect of the any Individual Property or any part thereof any lien or security interest, even though inferior to the liens and the security interests interest hereof, and in any event never permit to be created or exist in respect of the any Individual Property or any part thereof any other or additional lien or security interest other than the liens or security interests hereof, except for the Permitted Exceptions (defined in Section 5.1).Encumbrances. SECTION 10.12

Appears in 1 contract

Samples: Loan Agreement (Winston Hotels Inc)

Payment for Labor and Materials. Borrower will promptly pay when due all bills and costs for labor, materials, and specifically fabricated materials incurred in connection with the Property and never permit to exist beyond the due date thereof in respect of the Property or any part thereof of it any lien or security interest, even though inferior to the liens and the security interests hereofunder this Security Instrument, and in any event never permit to be created or exist in respect of the Property or any part thereof of it any other or additional lien or security interest other than the liens or security interests hereofunder this Security Instrument, except for the Permitted Exceptions (defined in Section 5.1)Exceptions.

Appears in 1 contract

Samples: Security Agreement

Payment for Labor and Materials. (a) Borrower will promptly pay when due all bills and costs for labor, materials, labor and specifically fabricated materials (“Labor and Material Costs”) incurred in connection with the Property and never not permit to exist beyond the due date thereof in respect of the Property or any part thereof any lien or security interest, even though inferior to the liens and the security interests hereof, and in any event never not permit to be created or exist in respect of the Property or any part thereof any other or additional lien Lien or security interest Security Interest other than the liens or security interests hereof, hereof except for the Permitted Exceptions (defined in Section 5.1)Encumbrances.

Appears in 1 contract

Samples: www.minnetonkamn.gov

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Payment for Labor and Materials. Borrower will promptly in the normal course of business pay when due all bills and costs for labor, materials, and specifically fabricated materials incurred in connection with the Property and never permit to exist beyond the due date thereof in respect of the Property or any part thereof any lien or security interest, even though inferior to the liens and the security interests hereof, and in any event never permit to be created or exist in respect of the Property or any part thereof any other or additional lien or security interest other than the liens or security interests hereof, except for the Permitted Exceptions (defined in Section 5.1).

Appears in 1 contract

Samples: Mortgage and Security Agreement (Butler International Inc /Md/)

Payment for Labor and Materials. The Borrower will promptly pay when due all bills and costs for labor, materials, materials and specifically fabricated materials incurred in connection with the Mortgaged Property and never permit to exist beyond the due date thereof in respect of the Mortgaged Property or any part thereof any lien or security interest, even though inferior to the liens and the security interests hereof, for any such xxxx, and in any event never permit to be created or exist in respect of the Property Mortgaged Property, or any part thereof thereof, any other or additional lien or security interest other than on a parity with, superior or inferior to any of the liens or security interests hereof, except for the Permitted Exceptions (defined in Section 5.1).

Appears in 1 contract

Samples: Credit Agreement (PMFG, Inc.)

Payment for Labor and Materials. Borrower will promptly pay ------------------------------- when due all bills and costs for labor, materials, and specifically fabricated materials incurred in connection with the Property and never permit to exist beyond the due date thereof in respect of the Property or any part thereof any lien or security interest, even though inferior to the liens and the security interests hereof, and in any event never permit to be created or exist in respect of the Property or any part thereof any other or additional lien or security interest other than the liens or security interests hereof, except for the Permitted Exceptions (defined in Section 5.1below).

Appears in 1 contract

Samples: Kilroy Realty Corp

Payment for Labor and Materials. Borrower will promptly pay when due all bills and an costs for labor, materials, and specifically a fabricated materials incurred in connection with the Property and never permit to exist beyond the due date thereof in respect of the Property or any part thereof any lien or security interest, even though inferior to the liens and the security interests hereof, and in any event never permit to be created or exist in respect of the Property or any part thereof any other or additional lien or security interest other than the liens or security interests hereof, except for the Permitted Exceptions (defined in Section 5.1below).

Appears in 1 contract

Samples: Assumption and Release Agreement (Blue Ridge Real Estate Co)

Payment for Labor and Materials. Borrower will promptly pay when due all bills and costs for labor, materials, and specifically fabricated materials incurred in connection with the Property and never permit to exist beyond the due date thereof in respect of the Property or any part thereof any lien or security interest, even though inferior to the liens and the security interests hereof, and in any event never permit to be created or exist in respect of the Property or any part thereof any other or additional lien or security interest other than the liens or security interests hereof, except for the Permitted Exceptions (defined in Section 5.1).

Appears in 1 contract

Samples: Mortgage and Security Agreement (Pennsylvania Real Estate Investment Trust)

Payment for Labor and Materials. Borrower will promptly pay when due all bills and costs for labor, materials, and specifically fabricated materials incurred in connection with the Property and never permit to exist beyond the due date thereof in respect of the Property or any part thereof any lien or security interest, even though inferior to the liens and the security interests hereof, and in any event never permit to be created or exist in respect of the Property or any part thereof any other or additional lien or security interest other than the liens or security interests hereof, except for the Permitted Exceptions (defined in Section 5.1)Exceptions.

Appears in 1 contract

Samples: Deed of Trust and Security Agreement (Global Geophysical Services Inc)

Payment for Labor and Materials. Borrower will will-promptly pay when due all bills and costs for labor, materials, and specifically fabricated materials incurred in connection with the Property and never permit to exist beyond the due date thereof in respect of the the. Property or any part thereof any lien or security interest, even though inferior to the liens and the security interests hereof, and in any event never permit to be created or exist in respect of the Property or any part thereof any other or additional lien or security interest other than the liens or security interests hereof, except for the Permitted Exceptions (defined in Section 5.1).

Appears in 1 contract

Samples: Security Agreement (Hartman Commercial Properties Reit)

Payment for Labor and Materials. Borrower will promptly pay when due all applicable bills and costs for labor, materials, and specifically fabricated materials incurred in connection with the Property and never permit to exist beyond the due date thereof in respect of the Property or any part thereof any lien or security interest, even though inferior to the liens and the security interests hereof, ; and in any event never permit to be created or exist in respect of the Property or any part thereof any other or additional lien or security interest other than the liens or security interests hereof, ; except for the Permitted Exceptions (defined in Section 5.1below).

Appears in 1 contract

Samples: Credit Agreement (Cybex International Inc)

Payment for Labor and Materials. Borrower will promptly pay when due all bills and costs for labor, materials, and specifically fabricated materials incurred in connection with the Property and never permit to exist beyond the due date thereof in respect of the Property or any part thereof any lien or security interestinterest (including, without limitation, any statutory mineral contractor's lien), even though inferior to the liens and the security interests hereof, and in any event never permit to be created or exist in respect of the Property or any part thereof any other or additional lien or security interest other than the liens or security interests hereof, except for the Permitted Exceptions (defined in Section 5.1).

Appears in 1 contract

Samples: Cubic Energy Inc

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