Common use of Secured Claims Clause in Contracts

Secured Claims. The Tenant will ensure that no Secured Claim is registered or filed against: (a) any part of the Building; (b) the Landlord’s or any Owner’s or Mortgagee’s interest in any part of the Building; or (c) the Tenant’s interest in the Leased Premises or any of the leasehold improvements in the Leased Premises; by any Person claiming by, through, under or against the Tenant or its contractors or subcontractors. If a Secured Claim is registered or filed and the Tenant fails to promptly discharge it after receipt of notice from the Landlord, the Landlord may discharge the Secured Claim or notice of it by paying the amount claimed to be due into court (together with whatever additional amounts are required to be paid into court to obtain its removal) or directly to the holder of the Secured Claim and the Tenant will pay to the Landlord on demand all costs (including legal fees) incurred by the Landlord in connection with the Secured Claim, plus an Administration Fee.

Appears in 2 contracts

Samples: Lease (Fuelcell Energy Inc), Office Lease (Telvent Git S A)

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Secured Claims. The Tenant will ensure that no Secured Claim is registered or filed against: (a) the Development or any part of the Buildingit; (b) the Landlord’s 's or any Owner’s 's or Mortgagee’s 's interest in the Development or any part of the Buildingit; or (c) the Tenant’s 's interest in the Leased Premises or any of the leasehold improvements in the Leased Premises; by any Person claiming by, through, under under, or against the Tenant or its contractors or subcontractors. If a Secured Claim is registered or filed and the Tenant fails to promptly discharge it after receipt of notice from the Landlord, the Landlord may discharge the Secured Claim or notice of it by paying the amount claimed to be due into court (together with whatever additional amounts are required to be paid into court to obtain its removal) or removal)or directly to the holder of the Secured Claim and the Tenant will pay to the Landlord on demand all costs (including legal fees) incurred by the Landlord in connection with the Secured Claim, plus an Administration Fee.

Appears in 1 contract

Samples: Office Lease (Beaconsfield I Inc)

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Secured Claims. The Tenant will ensure that no Secured Claim is registered or filed against: (a) any part of the BuildingBuilding or the Lands; (b) the Landlord’s or any Owner’s or Mortgagee’s interest in any part of the BuildingBuilding or the Lands; or (c) the Tenant’s interest in the Leased Premises or any of the leasehold improvements in the Leased Premises; by any Person claiming by, through, under or against the Tenant or its contractors or subcontractors. If a Secured Claim is registered or filed and the Tenant fails falls to promptly discharge it after receipt of notice from the Landlord, the Landlord may discharge the Secured Claim or notice of it by paying the amount claimed to be due into court (together with whatever additional amounts are required to be paid into court to obtain its removal) or directly to the holder of the Secured Claim and the Tenant will pay to the Landlord on demand all costs (including legal fees) incurred by the Landlord in connection with the Secured Claim, plus an Administration the Supervision Fee.

Appears in 1 contract

Samples: Agreement of Lease (Dirtt Environmental Solutions LTD)

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