Potential Lien Claimants definition

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.
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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.
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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.
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Examples of Potential Lien Claimants in a sentence

  • There is no additional notification needed from the owner.Simply print off the Appointment project details page, take a copy to your building permit office (if applicable) and post a copy at the job site so that future Potential Lien Claimants can file a Notice.

  • Debtors’ Emergency Motion to Make Certain Prepetition Payments to Fuel Providers, 503(b)(9) Claimants, Potential Lien Claimants, and Certain Essential Vendors, Doc.

  • If the Debtors fail to pay the claims (collectively, the " Potential Lien Claims") of the Mineral Lien Claimants, Shippers, Warehouseman or on account of the JIBs (collectively, the "Potential Lien Claimants"), the Debtors believe that many of the Potential Lien Claimants may stop providing essential services to the Debtors.

  • Accordingly, failure to pay the Delay Rentals could similarly have a material adverse effect upon the Debtors and their operations, including, inter alia, the loss of the underlying Lease.G. Potential Lien Claimants, Joint-Interest Billings, GPT Expenses and Shipping and Warehousing Claims.

  • Even absent a valid lien, to the extent certain Potential Lien Claimants have possession of the Debtors’ Goods, mere possession or retention would be catastrophic to the Debtors’ ongoing operations.

  • As noted above, certain Potential Lien Claimants may be entitled under applicable non-bankruptcy law to assert certain possessory liens on the Debtors’ Goods or equipment in their possession (notwithstanding the automatic stay under section 362 of the Bankruptcy Code) in an attempt to secure payment of their prepetition claims.

  • In instances where the amount owed to Potential Lien Claimants is less than the value of the goods that could be held to secure a shipping, such parties may be fully-secured creditors of the Debtors’ estates.

  • 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.

  • That the Contractor shall carefully and diligently perform the work assigned to him as mentioned at Annexure -I, as deemed fit by him in consultation with the Lab.

  • Many of these Potential Lien Claimants currently have Goods in their possession and if they refuse to deliver these Goods, the outcome could be catastrophic to the Debtors’ estates, as well as the Debtors’ customers.


More Definitions of Potential Lien Claimants

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

  • Contested Collateral Lien Conditions means, with respect to any Permitted Lien of the type described in clauses (a), (b), (e) and (f) of Section 6.02, the following conditions:

  • Initial Lien as defined in Subsection 8.6.

  • First Lien Claims means, collectively, Claims against the Debtors arising under the Prepetition Term Loan Agreement.

  • Junior Lien Obligations means Junior Lien Debt and all other Obligations in respect thereof.

  • Third party claimant means any individual, corporation, association, partnership, or other legal entity asserting a claim against any individual, corporation, association, partnership, or other legal entity insured under an insurance policy or insurance contract.

  • Priority Lien Obligations means Priority Lien Debt and all other Obligations in respect thereof.

  • Second Lien Obligations means the “Obligations” as defined in the Second Lien Credit Agreement.

  • Environmental Lien means a lien in favor of any Governmental Authority for (a) any liability under Environmental, Health or Safety Requirements of Law, or (b) damages arising from, or costs incurred by such Governmental Authority in response to, a Release or threatened Release of a Contaminant into the environment.

  • Second Lien Claimholders means, at any relevant time, the holders of Second Lien Obligations at that time, including the Second Lien Lenders and the agents under the Second Lien Loan Documents.

  • Senior Lien Obligations means all revenue bonds and other obligations of the RECIPIENT outstanding on the date of execution of this loan agreement (or subsequently issued on a parity therewith, including refunding obligations) or issued after the date of execution of this loan agreement having a claim or lien on the Gross Revenue of the Utility prior and superior to the claim or lien of the loan, subject only to Maintenance and Operation Expense.

  • Priority Claim means a Claim that is entitled to priority in payment pursuant to section 507(a) of the Bankruptcy Code that is not an Administrative Claim or a Priority Tax Claim.

  • Parity Lien Obligations means Parity Lien Debt and all other Obligations in respect thereof.

  • Environmental Liens shall have the meaning set forth in Section 12.5 hereof.

  • Third Person Claim has the meaning specified in Section 11.4(a).

  • Other Pari Passu Lien Obligations means any Indebtedness or other Obligations (including Hedging Obligations) having Pari Passu Lien Priority relative to the Notes with respect to the Collateral; provided that an authorized representative of the holders of such Indebtedness shall have executed a joinder to the ABL-Notes Intercreditor Agreement and a joinder to the Pari Passu Intercreditor Agreement or the Pari Passu Intercreditor Agreement.

  • Priority Claims means, collectively, Priority Tax Claims and Other Priority Claims.

  • Litigation Claims means the claims, rights of action, suits or proceedings, whether in law or in equity, whether known or unknown, that any Debtor or any Estate may hold against any Person or Entity, including, without limitation, the Causes of Action of the Debtors or their Estates, in each case solely to the extent of the Debtors’ or their Estates’ interest therein. A non-exclusive list of the Litigation Claims held by the Debtors as of the Effective Date will be Filed with the Plan Supplement, which will be deemed to include any derivative actions filed against any Debtor as of the Effective Date.

  • Proven Claim means (a) a Claim of a Creditor, Finally Determined as an Allowed Claim for voting, distribution and payment purposes under the Plan, (b) in the case of the Participating CCAA Parties in respect of their CCAA Party Pre-Filing Interco Claims, and in the case of the Non-Filed Affiliates in respect of their Non-Filed Affiliate Unsecured Interco Claims and Non- Filed Affiliate Secured Interco Claims, as such Claims are declared, solely for the purposes of the Plan, to be Proven Claims pursuant to and in the amounts set out in the Amended and Restated Meetings Order, and (c) in the case of Employee Priority Claims and Government Priority Claims, as Finally Determined to be a valid post-Filing Date claim against a Participating CCAA Party;

  • First Lien Claimholders means, at any relevant time, the holders of First Lien Obligations at that time, including the First Lien Lenders and the agents under the First Lien Loan Documents.

  • Priority Tax Claim means any Claim of a Governmental Unit of the kind specified in section 507(a)(8) of the Bankruptcy Code.

  • Other Priority Claim means any Claim other than an Administrative Claim or a Priority Tax Claim entitled to priority in right of payment under section 507(a) of the Bankruptcy Code.

  • Rejection Claim means a Claim arising from the rejection of an Executory Contract or Unexpired Lease pursuant to section 365 of the Bankruptcy Code.

  • IPR Claim means any claim of infringement or alleged infringement (including the defence of such infringement or alleged infringement) of any IPR, used to provide the Services or as otherwise provided and/or licensed by the Supplier (or to which the Supplier has provided access) to the Authority in the fulfilment of its obligations under this Framework Agreement;

  • Third Party Claim has the meaning set forth in Section 8.3.