Lien Law definition

Lien Law means the Lien Law of the State of New York.

Lien Law means the Lien Law of the State.

Lien Law has the meaning set forth in Section 3.12 hereof.

Examples of Lien Law in a sentence

• Such documents shall be in a form reasonably satisfactory to Con Xxxxxx and shall in all respects be read and interpreted consistent with Section 34 of the New York Lien Law (or its successor).

• I will receive all amounts lent to me by Lender subject to the trust fund provisions of Section 13 of the New York Lien Law.

• This means that I will: (A) hold all amounts which I receive and which I have a right to receive from Lender under the Consolidated Note as a “trust fund;” and (B) use those amounts to pay for “cost of improvement” (as defined in the New York Lien Law) before I use them for any other purpose.

• Such documents shall be in a form reasonably satisfactory to Con Xxxxxx and shall in all respects be read and interpreted to be consistent with Section 34 of the New York Lien Law (or its successor).

• When all work contemplated by the Agreement has been completed, inspected and approved by the DISTRICT, the CONTRACTOR shall furnish to the DISTRICT the CONTRACTOR’s affidavit as required by the Construction Lien Law, Florida Statutes Ch. 713.

More Definitions of Lien Law

Lien Law means the mechanics' lien laws of the State of Colorado, as amended from time to time.

Lien Law means California’s mechanics’ lien law, Section 3082 et. seq. of the California Civil Code, as amended from time to time, including the provisions of Sections 3156 through 3176.5 thereof regarding stop notices.

Lien Law shall have the meaning set forth in Section 4.13 of the Agreement.

Lien Law means Chapter 713 of the Florida Statutes.

Lien Law means the mechanics' lien laws of the State of Pennsylvania, as amended from time to time.

Lien Law means the Lien Law of the State of New York. “Loan” shall have the meaning set forth in the Recitals hereto. -6- “Loan Documents” shall mean, collectively, this Agreement, the Note, the Mortgage, the Assignment of Leases, the Cash Management Agreement, the Clearing Account Agreement, the Working Capital Account Agreement, the Environmental Indemnity, the Recourse Guaranty, the Completion Guaranty, the Carry Guaranty, the Funding Guaranty, the Assignment of Management Agreement, the Assignment of Project Management Agreement, the Assignment of Leasing Agreement, the Assignment of Construction and Asset Management Agreement, the Assignment of Protection Agreement and any other document pertaining to the Property as well as all other documents now or hereafter executed and/or delivered in connection with the Loan, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time. “Minimum Advance Amount” shall mean $37,500.00. “Monthly Debt Service Payment Amount” shall mean on each Monthly Payment Date through and including the Maturity Date, an amount equal to the interest accruing on the Outstanding Principal Balance at the Applicable Interest Rate (or at the Default Rate, as applicable) for the immediately preceding Interest Period, which interest shall be calculated in accordance with Section 2.2. “Monthly Payment Date” shall mean the ninth (9th) calendar day of each calendar month during the term of the Loan, and if such day is not a Business Day, then the Business Day immediately preceding such day. “Mortgage” shall mean that certain Supplemental Building Loan Mortgage, Assignment of Leases and Rents and Security Agreement, dated as of the Closing Date, executed and delivered by Borrower as security for the Loan and encumbering the Property in the amount of the Supplemental Building Loan Upsize Amount. “Note” shall have the meaning set forth in Section 2.1.3. “Obligations” shall mean, collectively, Xxxxxxxx’s obligations for the payment of the Debt and the performance of all obligations of Borrower contained in the Loan Documents. “Original Building Loan” shall have the meaning set forth in the recitals hereto. “Original Closing Date” shall have the meaning set forth in the recitals hereto. “Original Loan” shall have the meaning set forth in the recitals hereto. “Original Senior Loan Agreement” shall have the meaning set forth in the recitals hereto. “Original Senior Loan” shall have the meaning set forth in the recit...

Lien Law. Lien Law Statement" -- The Lien Law of the State of New York; the verified statement of Borrower, annexed hereto as Exhibit A, required by the Lien Law. "Loan" -- The Hard Costs Loan and Soft Costs Loan, collectively, and in an amount initially equal to the Loan Amount.