Mechanics’ Liens means carriers’, warehousemen’s, laborers’, mechanics’, workmen’s, materialmen’s, repairmen’s, construction or other like statutory Liens.
Mechanics’ Liens means carriers’, warehousemen’s, mechanics’, workmen’s, materialmen’s, construction or other like statutory Liens (other than Liens described in paragraphs (a) and (b) of Section 8.13).
Mechanics’ Liens means mechanics’, carriers’, workers’, repairers’ and other similar liens arising or incurred in the ordinary course of business relating to obligations as to which there is no default on the part of any of the Sellers, or pledges, deposits or other liens securing the performance of bids, trade contracts, leases or statutory obligations (including workers’ compensation, unemployment insurance or other social security legislation).
Examples of Mechanics’ Liens in a sentence
The contractor will be responsible for obtaining from their subcontractors the Affidavits of Payment and Waivers of Mechanic’s Liens for the subcontractors’ portion of the work.
Mechanic’s Liens Priorities A mechanic’s lien represents a special risk to the purchaser of real estate or to lenders who wish to take a mortgage.
The property on which the project is situated is free of all Mechanic’s Liens at the time of application.
The undersigned does hereby release all claims, Mechanic’s Liens Rights, Miller Act Claims (40 USCA 270), Stop Notice, Equitable Liens and Labor and Material Bond Rights resulting from labor and/or materials, subcontract work, equipment or other work, rents, services or supplies heretofore furnished in and for the construction, design, improvement, alteration, additions to or repair of the above described Work.
Monthly Applications for Payment shall include Waivers of Mechanic’s Liens and Claims for all Work included in the period of construction covered by the Application for Payment and the previous month’s Application.
More Definitions of Mechanics’ Liens
Mechanics’ Liens. Tenant shall have no authority, express or implied, to create or place any lien or encumbrance of any kind or nature whatsoever upon, or in any manner to bind, the interest of Landlord in the Leased Premises or the Project or to charge the Rent payable hereunder for any claim in favor of any person dealing with Tenant, including those who may furnish materials or perform labor for any construction or repairs. Each such claim shall affect, and each such lien shall attach to, if at all, only the leasehold interest granted to Tenant by this Lease. Tenant covenants and agrees that it will pay or cause to be paid all sums legally due and payable by it on account of any labor performed or materials furnished in connection with any work performed on the Leased Premises on which any lien is or can be validly and legally asserted against its leasehold interest in the Leased Premises or the improvements thereon. Tenant further agrees to save and hold Landlord harmless from any and all loss, cost, or expense based on or arising out of claims or liens asserted by parties by virtue of their dealings with Tenant and encumbering the leasehold estate or the right, title and interest of the Landlord in the Leased Premises or the Project. Under no circumstances shall Tenant be or hold itself out to be the agent or representative of Landlord with respect to any Alterations of the Leased Premises whether or not consented to or approved by Landlord hereunder.
Mechanics’ Liens shall have the meaning set forth in Section 5.12.
Mechanics’ Liens. As defined in Section 4.4 hereof.
Mechanics’ Liens means Liens for mechanics’ and materialmen’s Liens not filed of record and charges, assessments and other governmental charges which are not delinquent or which are currently being contested in good faith by appropriate proceedings or for which Seller shall have provided bond or other security reasonably satisfactory to Buyer.
Mechanics’ Liens. The property is being sold free-and-clear of all possible mechanics liens for work done or material furnished in improving the premises. If improvements have been completed less than ninety (90) days, Seller will furnish security against mechanics liens or evidence of payment of liens or acceptable release or waiver of liens.
Mechanics’ Liens. Xxxxxx agrees that at least ten (10) days before any construction work or labor is performed, or any materials are supplied, used or expended by Lessee or on Xxxxxx's behalf by any person, firm or corporation or by any contractor, that Lessee will post and record, or cause to be posted and recorded as provided by law, a notice that Lessor is not responsible for any work, labor or materials used or expended, or to be used or expended on the leased land. TERMINATION BY LESSOR: Lessor may terminate this Lease at any time by serving upon Xxxxxx, in the manner hereinafter provided, a written notice of its election to so terminate, which said notice shall be served at least thirty (30) days prior to the date in said notice named for such termination.
Mechanics’ Liens means Liens of carriers, warehousemen, mechanics and materialmen and other like Liens, except to that (i) such Liens arise in the ordinary course of business, (ii) such Liens are being contested in good faith by appropriate legal proceedings, with all potential liabilities either (a) bonded in a manner satisfactory to Majority Lenders or (b) not in excess of $1,000,000 in the aggregate for Borrower at any time, (iii) Borrower has demonstrated to Majority Lenders’ satisfaction that the proceedings will conclusively operate to prevent the sale of any part of the Collateral, and (iv) Borrower takes all other actions as required by Majority Lenders, to prevent the sale of any Collateral to satisfy any such Lien and to prevent impairment of the Collateral.