Right to Contest Liens. Borrower, at its own expense, may contest the amount, validity or application, in whole or in part, of any mechanic’s, materialmen’s or environmental liens in which event Lender will refrain from exercising any of the Remedies, provided that the following conditions are met:
Appears in 10 contracts
Samples: Security Agreement and Fixture Filing (New England Realty Associates Limited Partnership), Security Agreement (Glimcher Realty Trust), Security Agreement and Fixture Filing (Glimcher Realty Trust)
Right to Contest Liens. Borrower, at its own expense, may contest the amount, validity or application, in whole or in part, of any mechanic’s's, materialmen’s 's or environmental liens in which event Lender will refrain from exercising any of the Remedies, provided that the following conditions are met:
Appears in 4 contracts
Samples: Security Agreement and Fixture Filing (Parkway Properties Inc), Rents and Security Agreement (Life Time Fitness Inc), Life Time Fitness Inc
Right to Contest Liens. Borrower, at its own expense, may contest the amount, validity or application, in whole or in part, of any mechanic’s, materialmen’s or environmental liens in which event such liens will not constitute an Event of Default hereunder and Lender will refrain from exercising any of the Remedies, provided that the following conditions are met:
Appears in 1 contract
Right to Contest Liens. Borrower, at its own expense, ------------ ----------------------- may contest the amount, validity or application, in whole or in part, of any mechanic’s's, materialmen’s 's or environmental liens in which event Lender will refrain from exercising any of the Remedies, provided that the following -------- conditions are met:
Appears in 1 contract
Samples: Security Agreement and Fixture (Kilroy Realty Corp)
Right to Contest Liens. Borrower, at its own expense, may contest the amount, validity or application, in whole or in part, of any mechanic’s, materialmen’s or environmental liens in which event Lender will refrain from exercising any of the RemediesRemedies and no Event of Default shall be deemed to have occurred, provided that the following conditions are met:
Appears in 1 contract
Samples: Loan Agreement (Phillips Edison Grocery Center Reit I, Inc.)
Right to Contest Liens. Borrower, at its own expense, may ------------ ---------------------- contest the amount, validity or application, in whole or in part, of any mechanic’s's, materialmen’s 's or environmental liens in which event Lender will refrain from exercising any of the Remedies, provided that that, (a) with respect to -------- liens exceeding $100,000 the following conditions are met:
Appears in 1 contract
Samples: Security Agreement and Fixture (Cabot Industrial Trust)
Right to Contest Liens. Borrower, at its own expense, may contest the amount, validity or application, in whole or in part, of any mechanic’s's, materialmen’s 's or environmental liens in which event Lender will refrain from exercising any of the Remedies, provided that Borrower pays the contested liens under protest or the following conditions are met:
Appears in 1 contract
Samples: Neurocrine Biosciences Inc
