Lien Rights definition

Lien Rights means all statutory rights under Title 42, Chapter 3 of the Oklahoma Statutes and applicable state law, as well as under orders of the Bankruptcy Court, as applicable.
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Lien Rights refers to a Lien and has the same meaning.
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Lien Rights means any rights available at law for a contractor, laborer, materialman, supplier or worker providing labor, services or materials to an improvement on real estate to claim a lien for the payment of its labor, services or materials provided in the construction of such improvement including without limitation all rights under applicable law, and any so-called “mechanic lien laws” whether available by constitution, statute, code or case law, or any rules or regulations promulgated thereunder.
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Examples of Lien Rights in a sentence

  • Lien Clearance Affidavit and Waiver of Lien Rights (2nd Tier Subcontractor/Supplier).

  • In lieu of providing evidence of acceptable creditworthiness, the Seller may provide Idaho Power with commercially reasonable security instruments such as Letter of Credit, Senior Lien Rights, Step-In-Rights, Cash Escrow Security as those terms are defined in this Agreement or other forms of liquid financial security that would provide readily available cash to Idaho Power in the Event of a Default under this Agreement.

  • In the event of any Insolvency Proceedings the First Lien Secured Parties shall first be entitled to receive from the proceeds of the Collateral indefeasible payment in full of the First Lien Obligations in cash before the Second Lien Creditors shall be entitled to receive and retain any payment or distribution on account of the Second Lien Obligations or Second Lien Rights from proceeds of the Collateral.

  • The parties acknowledge that this Agreement shall not be recorded or placed of record unless subject to the Broker’s Lien Rights as stated in Section 13 below.

  • Copies of statutory Final Unconditional Waivers of Lien Rights for all Tenant's contractors, subcontractors, and suppliers, indicating that all parties providing labor or materials for Tenant's Work have been paid in full.

  • Tenant shall not vacate or abandon the Premises at any time during the term hereof, and if Tenant shall so abandon, vacate or surrender the Premises, or be dispossessed by process of law, or otherwise, or default in the terms thereof, any personal property or trade fixtures belonging to Tenant shall remain and become the property of the Landlord in accordance with the provisions of Landlord's Lien Rights in Section 25 hereof.

  • From time to time after the Closing Date, the applicable Facility Borrower will deliver to the Agents a fully executed Waiver of Lien Rights with respect to each leased location in which Inventory to be included in the Borrowing Base is located, prior to such Inventory being included on any Borrowing Base Certificate delivered hereunder.

  • The Loan Parties are the legal and beneficial owners of the Collateral free and clear of any Lien, except for the liens and security interests created or permitted under the Loan Documents and the Synthetic Lease Documents and the Landlord’s Lien Rights in respect of the property listed on Schedule 5.01(r)(ii) located in the States of Washington, Oregon and Florida.

  • As a member owned cooperative, we have the following Lien Rights as a matter of law and/or by agreement.

  • Lien Rights Conferred: Owners acknowledge that Agistor shall have a lien upon the alpacas to secure payment of all charges and monies that may become due and owing pursuant to this contract and that the Agistor will have the right to retain possession of alpacas until all charges are paid in full, or to sell alpacas.

Related to Lien Rights

  • Junior Lien Representative means any duly authorized representative of any holders of Junior Lien Obligations, which representative is named as such in the Junior Lien Intercreditor Agreement or any joinder thereto.

  • Second Lien Representative means any duly authorized representative of any holders of Second Lien Obligations, which representative is named as such in the Second Lien Intercreditor Agreement or any joinder thereto.

  • Priority Lien Representative means (1) the First Lien Term Loan Agent or (2) in the case of any other Series of Priority Lien Debt, the trustee, agent or representative of the holders of such Series of Priority Lien Debt who maintains the transfer register for such Series of Priority Lien Debt and is appointed as a representative of the Priority Lien Debt (for purposes related to the administration of the Security Documents) pursuant to the credit agreement or other agreement governing such Series of Priority Lien Debt.

  • First Lien Representative means (i) in the case of any Initial First Lien Obligations or the Initial First Lien Claimholders, the Initial First Lien Representative and (ii) in the case of any Additional First Lien Obligations and the Additional First Lien Claimholders in respect thereof, each trustee, administrative agent, collateral agent, security agent and similar agent that is named as the First Lien Representative in respect of such Additional First Lien Obligations in the applicable joinder agreement (each, in the case of this clause (ii), together with its successors and assigns in such capacity, an “Additional First Lien Representative”).

  • Other Secured Claims means any Secured Claim against the Debtors that is not an Administrative