Potential Lien Claimants definition

Potential Lien Claimants means (1) general contractors, or (2) other parties who have filed any required statutory notices, or who have actually notified BNPLC or SGC of claims, in order to preserve or establish their right to a mechanic's or materialman's lien against the Property in connection with any Construction Project.
View Source
Potential Lien Claimants means those persons and entities who are engaged by Tenant or Tenant’s Contractor or agents and are described in Sections 3110 and 3111 of the California Civil Code who are entitled to lien rights, but only to the extent that the claimant complies with the preliminary 20-day notice requirement of Section 3087 of the California Civil Code, if required by such section.
View Source
Potential Lien Claimants. POTENTIAL LIEN CLAIMANTS" means general contractors or other parties who have filed a statutory Preliminary Notice to preserve their right to a mechanic's or materialman's lien against the Leased Property in connection with any Construction Project.
View Source

Examples of Potential Lien Claimants in a sentence

  • All signs and graphics of every kind visible in or from public view or corridors, the Common Areas or the exterior of the Premises (whether located inside or outside of the Premises) shall be subject to Landlord’s prior written approval, which shall not be unreasonably withheld, delayed or conditioned, and shall be subject to any applicable governmental laws, ordinances, and regulations and in compliance with Landlord’s signage program.

  • Without limiting the foregoing, Landlord may decline to advance any amount when liens are being asserted against any part of or interest in the Leased Property that in the aggregate secure or allegedly secure more that $5,000,000 of claims by Potential Lien Claimants, regardless whether any such liens have caused an Event of Default to occur hereunder or are being contested by Tenant as permitted by subparagraph 9(o).

  • Releases Upon Progress Payment, which releases conform with the provisions of California Civil Code Section 3262(d)(2) from Tenant and all other Potential Lien Claimants with regard to any payments received in the immediately preceding progress payment by any such parties.

  • Without limiting the foregoing, BNPLC may decline to advance any amount when Solectron is unable to truthfully certify, as contemplated in Exhibit F, that no liens are being asserted against any part of or interest in the Property that in the aggregate secure or allegedly secure more than $5,000,000 of claims by Potential Lien Claimants, regardless of whether any such liens have caused an Event of Default to occur hereunder or are being contested by Solectron as permitted by subparagraph 12.

  • Notwithstanding the foregoing to the contrary, in the event that any Potential Lien Claimants file or threaten to file a mechanic’s lien against the Premises or do not submit requisite mechanic’s lien releases, Landlord shall withhold from the Retention an amount equal to 100% of the claimed amount or value of services and material until the requisite mechanic’s lien releases are delivered to Landlord, and the balance of the Retention shall be released.


More Definitions of Potential Lien Claimants

Potential Lien Claimants shall have the meaning assigned to it in Paragraph 6(c)(viii).
View Source