Common use of Tenant to Discharge all Liens Clause in Contracts

Tenant to Discharge all Liens. (a) The Tenant will not allow or cause any construction or other liens or encumbrances in respect of materials supplied or work done or to be done by or on behalf of the Tenant to be registered against or otherwise affect the Building, the Leased Premises or any part thereof or the Landlord’s or the Tenant’s interest in the Leased Premises. (b) If a lien or other encumbrance is registered against or otherwise affects the Building or the Leased Premises or the Landlord’s or the Tenant’s interest therein, and the Tenant fails to discharge or cause any such lien or encumbrance to be discharged or vacated within five (5) days after it is filed or registered, then the Landlord may, in addition to its other rights and remedies, discharge the lien or encumbrance or have it vacated by paying the amount claimed into court or directly to the lien claimant and the Tenant will pay to the Landlord, upon demand, all costs (including the amount so paid and any legal costs and expenses) plus interest at an annual rate of three (3) percentage points above the Stipulated Rate of Interest, calculated and compounded monthly.

Tenant to Discharge all Liens. (a) The Tenant will not allow or cause any construction or other liens or encumbrances in respect of materials supplied or work done or to be done by or on behalf of the Tenant to be registered against or otherwise affect the Building, the Lands, the Leased Premises or any part thereof or the Landlord’s or the Tenant’s interest in the Leased Premises. (b) If a lien or other encumbrance is registered against or otherwise affects the Building or the Leased Premises or the Landlord’s or the Tenant’s interest therein, and the Tenant fails to discharge or cause any such lien or encumbrance to be discharged or vacated within five (5) days after it is filed or registered, then the Landlord may, in addition to its other rights and remedies, discharge the lien or encumbrance or have it vacated by paying the amount claimed into court or directly to the lien claimant and the Tenant will pay to the Landlord, upon demand, all costs (including the amount so paid and any legal costs and expenses) plus interest at an annual rate of three (3) percentage points above the Stipulated Rate of Interest, calculated and compounded monthly.

Tenant to Discharge all Liens. (a) The Tenant will not allow or cause any construction or other liens or encumbrances in respect of materials supplied or work done or to be done by or on behalf of the Tenant to be registered against or otherwise affect the Building, the Lands, the Leased Premises or any part thereof or the Landlord’s or the Tenant’s interest in the Leased Premises. (b) If a lien or other encumbrance is registered against or otherwise affects the Building or the Leased Premises or the Landlord’s or the Tenant’s interest therein, and the Tenant fails to discharge or cause any such lien or encumbrance to be discharged or vacated within five (5) days after it is filed or registered, then the Landlord may, in addition to its other rights and remedies, discharge the lien or encumbrance or have it vacated by paying the amount claimed into court or directly to the lien claimant and the Tenant will pay to the Landlord, upon demand, all costs relating thereto including costs incurred for any incidental or consequential Claims or damages (including the amount so paid and any legal costs and expensesexpenses on a solicitor client basis) plus interest at an annual rate of three four (34) percentage points above the Stipulated Rate of InterestPrime Rate, calculated and compounded monthly, and a sum equal to fifteen percent (15%) of the total costs thereof representing the Landlord’s overhead and administrative costs.