Prohibition of Liens. Neither the Shipowner, any charterer, the Master of the Vessel nor any other person has or shall have any right, power or authority to create, incur or permit to be placed or imposed or continued upon the Vessel, its freights, profits or hire any lien whatsoever other than this Mortgage, other liens in favor of the Mortgagee and for crew’s wages and salvage.
Prohibition of Liens. Neither the Shipowner, any charterer, the Master of the Rig nor any other person has or shall have any right, power or authority to create, incur or permit to be placed or imposed or continued upon the Rig, its freights, profits or hire any lien whatsoever other than this Mortgage and other Permitted Collateral Liens.
Prohibition of Liens. 7 SECTION 6.
Prohibition of Liens. None of the Borrowers shall create, assume, incur or suffer to exist any mortgage, pledge, encumbrance, security interest, lien or charge of any kind upon any of its property, now owned or hereafter acquired, or acquire or agree to acquire any kind of property under conditional sales or other title retention agreements (other than those reflected in the Financial Statements); provided, however, that the foregoing restrictions shall not prevent a Borrower from:
(a) Incurring liens for taxes, assessments or governmental charges or levies which shall not at the time be due and payable or can thereafter be paid without penalty or are being contested in good faith by appropriate proceedings diligently conducted and with respect to which it has created adequate reserves;
(b) Making pledges or deposits to secure obligations under workers' compensation laws or similar legislation; or
(c) Granting liens or security interests in favor of the Lender; or
(d) Granting liens or security interests in the Line of Credit Collateral in favor of the Line of Credit Lender.
Prohibition of Liens. Tenant shall pay when due all claims for labor or materials furnished or alleged to have been furnished to or for Tenant at or for use in the Building. Tenant shall give Landlord at least fifteen (15) days’ written notice prior to the commencement of any work in the Premises, and Landlord shall have the right to post notices of nonresponsibility, or other notices permitted or required by law or which Landlord shall deem proper, in or on the Property or the Premises. Landlord’s interest in the Property shall not be subjected to liens of any nature by reason of any Alterations, or by reason of any other act or omission of Tenant (or of any person claiming by, through or under Tenant) including, but not limited to, mechanics’ and materialmen’s liens. If because of any act or omission of Tenant, any such lien, charge or encumbrance shall be imposed, claimed or filed, Tenant shall, at its sole cost and expense, within fifteen (15) days following Tenant’s knowledge of the same, cause such lien to be fully paid and satisfied or otherwise discharged of record (by bonding or otherwise). Tenant shall indemnify, defend and hold Landlord harmless from and against any and all liabilities, suits, penalties, expenses, claims and costs relating to such liens, including any reasonable attorneys’ fees. In the event that Tenant shall fail to comply with the foregoing provisions of this Section, Landlord shall have the option, but not the obligation of paying, satisfying or otherwise discharging (by bonding or otherwise) such lien, charge or encumbrance and Tenant shall reimburse Landlord, upon demand and as additional Rent, for all sums so paid and for all costs and expenses incurred by Landlord in connection therewith, together with interest thereon at the Interest Rate, until paid.
Prohibition of Liens. Without the consent of the Purchaser, Appia shall not, and Appia shall not permit any of its Subsidiaries to, enter into with any Person any agreement (other than this Agreement and the other Financing Documents) which prohibits or limits the ability of Appia or any of its Subsidiaries to create, incur, assume or suffer to exist any Lien (other than Permitted Liens) upon the property or assets of Appia, whether now existing or hereafter arising, wherever such property or assets may be located.
Prohibition of Liens. The Borrower shall not create, or suffer to be created by any other person any lien or charge upon the Acquisition Fund or the Project Facilities or any part thereof or upon the rents, contributions, charges, receipts or revenues therefrom, without the consent of the Authority and the Bank, provided that nothing in this Agreement shall limit the right of the Borrower to enforce payments from the Acquisition Fund pursuant to Section 408 of the Indenture. The Borrower further agrees to pay or cause to be discharged or make adequate provision to satisfy and discharge, within thirty (30) days after the same shall become due, any such lien or charge and also all lawful claims or demands for labor, materials, supplies or other charges which, if unpaid, might be or become a lien upon the Acquisition Fund, the Project Facilities or any part thereof or the revenues or income therefrom. Nothing in this Section shall require the Borrower to pay or cause to be discharged or make provision for any such lien or charge so long as the validity thereof shall be diligently contested in good faith and by appropriate proceedings so long as the Acquisition Fund, the Project Facilities or any part thereof are not subject to loss or forfeiture. The Authority shall cooperate with the Borrower in any such contest and shall cooperate with the Borrower with respect to obtaining any necessary releases of liens or other encumbrances on the Project Facilities.
Prohibition of Liens. Neither Owner nor Builder shall place, allow or create any liens, charges or encumbrances on, or security interests in or pledges of (herein referred to individually as a “Lien” and collectively as “Liens”) any Unit, its component parts or any Owner Furnished Equipment; provided Owner may collaterally assign this Contract and grant a security interest to the U.S. Maritime Administration (“MARAD”) in connection with MARAD guarantee of Owner’s Title XI bonds issued or to be issued to finance construction of the Unit, or to any other financial institution. Any Lien so placed, allowed or created shall be forthwith released by Owner or Builder, as the case may be; provided, however, that this Article XV shall not apply to inchoate liens for taxes and wages not then due, or to liens of Builder to secure payment to Builder for amounts then due and payable. If any lien not so excepted is placed, filed or asserted against a Unit, a Vessel or against any other materials, equipment, supplies, parts or personal property belonging to Owner or intended for a Unit or for a Vessel, then Owner or Builder, as the case may be, shall notify the other party of the existence of same as soon as reasonably possible, and the other shall, within a reasonable time, cause same to be released or discharged; provided however, that Owner or Builder, as the case may be, may, in good faith, contest any such liens or the debts to which they may relate, but in the event of any such contest, Owner or Builder, as the case may be, shall ensure the release of such liens by bonding or otherwise and shall prevent the existence of such lien or debt from delaying the work hereunder. Upon either Owner’s or Builder’s failure to do so, the other party may, in order to prevent a delay in the work hereunder or delivery of the Unit or of clear title, pay any and all such sums as may be required in order to cause such lien to be released and Owner or Builder, as the case may be, shall forthwith promptly reimburse the other for such payment. Notwithstanding any other provision of this Contract to the contrary, Contractor and Owner agree that Owner shall have joint title to, and/or contractual third party beneficiary rights in the materials and the components of each Vessel that are purchased by Contractor in accordance with the Down Payments, as required by Tug Exhibits A-5-T, A-6-T, A-7-T and A-8-T, Barge Exhibits A-0-X, X-0-X, X-0-X and A-8-B, until final payment of the full Contract Price and final deli...
Prohibition of Liens. Except for the Permitted Mortgages, no lien for services, labor or materials construction or capital improvements shall attach to the Owner’s title to the Project Real Property or to the Owner’s interest in the Project Real Property or to any other property owned by the Owner. The Lessee shall not permit any statutory or similar lien to be filed against the Project Real Property, Flat Creek Apartments or any interest of the Owner or the Lessee, which remains more than ninety (90) days after it has been filed. The Lessee shall cause any such lien to be discharged of record by payment, deposit, bond, order of a court of competent jurisdiction or as otherwise permitted by law. If the Lessee fails to cause such lien to be discharged within the one hundred eighty (180) day period, then, in addition to any other right or remedy, the Owner may, but shall not be obligated to, discharge the lien by paying the amount in question. The Lessee may, at the Lessee’s expense, contest the validity of any such asserted lien, provided the Lessee has furnished a bond in an amount sufficient to release the Project Real Property from such lien. Any amounts paid by the Owner to discharge such liens shall be deemed to be an additional Lease Fee payable by the Lessee to the Owner upon demand.
Prohibition of Liens. Concessionaire shall pay promptly, as due, all persons supplying labor and materials for any alteration of or improvement to the Leased Premises, and shall permit no lien or claim to be filed or prosecuted against County on account of such labor and materials furnished.
