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), Deed of Trust and Security Agreement (Ramco Gershenson Properties 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: Mortgage and Security Agreement (Gladstone Commercial Corp), Deed of Trust and Security Agreement (Republic Property Trust), Mortgage and Security Agreement (Fairchild 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 (defined in Section 5.1)Encumbrances.

Appears in 5 contracts

Samples: Mortgage (Deed of Trust), Leasehold Mortgage, Assignment of Leases and Rents and Security Agreement (KBS Real Estate Investment Trust, Inc.), Mortgage, Assignment of Leases and Rents and Security 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 5 contracts

Samples: Mortgage and Security Agreement (Resource Real Estate Opportunity REIT, Inc.), Credit Agreement (Moore Handley Inc /De/), Deed of 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 5.1below).

Appears in 4 contracts

Samples: Mortgage and Security Agreement (Cedar Income Fund LTD /Md/), Loan Agreement (Sl Green Realty Corp), 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 4 contracts

Samples: Loan Agreement (Equity Inns Inc), Loan Agreement (Winston Hotels 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 Security Agreement (Paladin Realty Income Properties Inc), Mortgage and Security Agreement (Secured Investment Resources Fund Lp Ii), Securities Purchase Agreement (Ramtron International Corp)

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: Open End Mortgage, Assignment of Leases and Rents, Security Agreement, and Fixture Filing (Glimcher Realty Trust), Mortgage, Assignment of Leases and Rents, Security Agreement, and Fixture Filing (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 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: Deed of Trust, Security Agreement, Assignment of Production and Fixture Filing (Cubic Energy 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. 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: Variable Interest Rate Deed of Trust (Kilroy Realty 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 (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. 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.)

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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 any default, notice and grace periods 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 beyond any default, notice and grace periods 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 1 contract

Samples: Open End Mortgage and Security Agreement (First Union Real Estate Equity & Mortgage Investments)

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: Open End Mortgage and Security Agreement (Glimcher Realty Trust)

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. 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: Deed of Trust and Security Agreement

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: Deed of Trust and Security Agreement (Hartman Commercial Properties Reit)

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)

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