Mechanics’ Liens definition
Mechanics’ Liens means carriers’, warehousemen’s, laborers’, mechanics’, workmen’s, materialmen’s, repairmen’s, construction or other like statutory 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 to charge the Rentals 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 asserted claims or liens against the leasehold estate or against the right, title and interest of the Landlord in the Leased Premises or under the terms of this Lease. Under no circumstances shall Tenant be or hold itself out to be the agent or representative of Landlord with respect to any alteration of the Leased Premises whether or not consented to or approved by Landlord hereunder.
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
Mechanics’ Liens shall be discharged or bonded within thirty (30) days of the filing or perfection thereof.
Borrower at no time shall permit one or more Mechanics’ Liens, or any other affidavit of Liens, to be recorded against all or any portion of the Project Facility Site claiming an amount, individually or in the aggregate, in excess of $50,000 (unless such Liens are being Contested and could not reasonably be expected to have a Material Adverse Effect).
Administrative Agent shall have received subordination agreements, in form and substance satisfactory to Administrative Agent, from all Contractors and Subcontractors performing or to perform work or services at the Project Facility Site, in which such Persons, among other things, subordinate all rights to Mechanics’ Liens or other Liens to the Liens of the Secured Parties.
Mechanics’ Liens shall be discharged or bonded within ninety (90) days following the Institution’s receipt of notice of the filing or perfection thereof.
At Closing, Seller shall deliver a Release of Mechanics’ Liens in the form provided by the Title Company and an affidavit in the form of Exhibit W in which it sets forth, to Seller’s knowledge, any Lienable Claims.
More Definitions of Mechanics’ Liens
Mechanics’ Liens shall have the meaning set forth in Section 5.12.
Mechanics’ Liens means mechanics’, carriers’, workers’, repairers’, workmens’, builders’, contractors’, suppliers of materials or architects’ and other similar liens incidental to construction, maintenance or repair operations 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).
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. Lessee shall not permit the placing of any mechanic's liens against the Building, the Land or other improvements on the Land caused by or resulting from any work performed, materials furnished or obligation incurred by or at the request of (or at the request of) Tenant. Nothing in this Lease or in any other agreement between lessor and Lessee constitutes the consent or request of Lessor, express or implied, to any contractor, subcontractors, laborer or materialman for the performance of any labor or the furnishing of any materials for any specific improvement alteration or repair to the Building, the Land or other improvements on the Land. Nor does anything contained herein or in any other agreement made by Lessor and Lessee concerning the Leased Premises give Lessee any right, power or authority to contract for or permit the rendering of any services or the furnishing of any materials that would give rise to the filing of any mechanic's or other liens against the interest of Lessor in the Building, the Land or other improvements on the Land. If any lien is filed against the interest of Lessor in the Building or against the interest of Lessor in the Leased Premises because of work performed, materials supplied or an obligation incurred by or at the request of (or alleged request of) Lessee, then Lessee shall cause the same to be discharged of record within 20 days after filing. If Lessee fails to discharge the lien within such period, then, in addition to any other right or remedy of Lessor, Lessor may, but will not be obligated to, discharge the same either by paying the amount claimed to be due or by procuring the discharge by deposit in court or bonding. Any amount paid by Lessor to discharge the lien, and all reasonable legal and other expenses of Lessor, including reasonable attorneys' fees, in defending any such action or in procuring the discharge of the lien shall be repaid by Lessee on demand.
Mechanics’ Liens. ▇▇▇▇▇▇ 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 ▇▇▇▇▇▇'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 ▇▇▇▇▇▇, 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 any and all Liens filed by any Person, directly or indirectly (including through any number of tiers of contractors, subcontractors, or material suppliers) furnishing, or claiming to have furnished, materials, labor, or services for or in connection with a Project, other than any Lien held by Administrative Agent.