Waiver of Liens. Prior to Commercial Operation, GEC shall supply Owner with a waiver and release of liens and security interests, duly executed and acknowledged by GEC in order to assure an effective release of mechanics’ or materialmen’s liens to the extent permitted under Law. The waiver or release of liens shall provide that GEC waives, releases or relinquishes any lien, security interest or claim for payment to the extent such payment is received by GEC.
Appears in 4 contracts
Samples: Procurement and Construction Agreement, Engineering, Procurement and Construction Agreement (USA Synthetic Fuel Corp), Engineering, Procurement and Construction Agreement (USA Synthetic Fuel Corp)