Lien definition
Examples of Lien in a sentence
Furthermore, under those circumstances, the C-PACER Lien may be subject to enforcement through a delinquent tax sale in the manner specified in Section 4, below.
Property Owner agrees to defend, indemnify and hold the County, its governing body, officers, employees, agents or contractors harmless from any and all claims, including but not limited to reasonable attorney fees, demands, losses and liabilities to or by third parties arising from, resulting from or connected with this Agreement, the Approved Project, the Assessment and the C-PACER Lien.
In December 2020, based on these representations and in furtherance of development and cooperation regarding the same, the City agreed to extend the Completion Date with respect to the Existing XXXx to May 31, 2022, and RdR agreed to enter into new subdivision improvement agreements (“New XXXx”) and replace all the Lien Contracts with Surety Bonds by the earlier of commencement of any development of RdR Phase 1 or the Completion Date, rather than requiring the immediate replacement of Surety Bonds.
The C-PACER Lien placed pursuant to this Agreement establishes rights and obligations that are for the benefit of the Property and, therefore, such rights and obligations run with the land.
Following such termination, Knox County shall cause to be executed, delivered, and/or recorded such instruments as are necessary in order to release the C- PACER Lien.