Prohibited Lien means any mechanic’s, vendor’s, laborer’s, or material supplier’s statutory lien or other similar lien arising from work, labor, services, equipment, or materials supplied, or claimed to have been supplied, to Tenant or any Subtenant (or anyone claiming through either), which lien attaches (or may attach upon termination of this Lease) to the Fee Estate. An Equipment Lien is not a Prohibited Lien.
Prohibited Lien means any Lien not expressly allowed under Section 5.2(b).
Prohibited Lien means any Lien not expressly allowed under Section --------------- 6.2(b).
Examples of Prohibited Lien in a sentence
Tenant shall not enter into any Equipment Lien that causes any Prohibited Lien.
If a Prohibited Lien is filed, Seller shall, within 30 Days after receiving notice from Company of such filing (but in any case within 15 Days after Company notifies Seller of commencement of any application for a mechanic’s lien or foreclosure proceedings), commence appropriate action to cause such Prohibited Lien to be paid, discharged, bonded, or cleared from title.
If a Prohibited Lien is filed then Tenant shall, within 30 days after receiving Notice from Landlord of such filing (but in any case within 15 days after receipt of Notice from Landlord of commencement of foreclosure proceedings), commence appropriate action to cause such Prohibited Lien to be paid, discharged, bonded, or cleared from title.
If any Subtenant causes a Prohibited Lien, then Tenant’s obligations under this paragraph shall be suspended so long as both: (a) Tenant is with reasonable diligence endeavoring to cause the Subtenant to remove the Prohibited Lien; and (b) the holder of the Prohibited Lien has not commenced foreclosure proceedings.
Tenant shall not suffer or permit any Prohibited Lien to be filed.
More Definitions of Prohibited Lien
Prohibited Lien means any mechanic’s, vendor’s, laborer’s, or material supplier’s statutory lien or other similar lien arising from work, labor, services, equipment, or materials supplied, or claimed to have been supplied, to Lessee (or anyone claiming through Lessee), if such lien attaches to the Leasehold Estate or attaches (or may attach upon termination of this Lease) to the Fee Estate. An Equipment Lien is not a Prohibited Lien.
Prohibited Lien means any mechanic’s, vendor’s, laborer’s, or material supplier’s statutory lien or other similar lien arising from work, labor, services, equipment, or materials supplied, or claimed to have been supplied, to Tenant (or anyone claiming through Tenant) or any other lien based on a claim against Tenant (or anyone claiming through Tenant) except for ad valorem real estate taxes which are automatically a lien as of January 1 of any calendar year, but only if such lien attaches (or may attach upon termination of this Lease) to the Fee Estate. Neither an Equipment Lien, a Leasehold Mortgage, nor a Subleasehold Mortgage shall attach to the Fee Estate, and none will constitute a Prohibited Lien.
Prohibited Lien means any mechanic's, vendor's, laborer's or material supplier's statutory lien or other similar lien arising by reason of work, labor, services, equipment or materials supplied, or claimed to have been supplied, to Tenant, which lien either: (a) is filed against the Fee Estate or (b) is filed against the Leasehold Estate and, upon termination of this Lease, would under the law of the State attach to the Fee Estate. Notwithstanding anything to the contrary in this Lease, an Equipment Lien shall not constitute a Prohibited Lien and nothing in this Lease shall prohibit Tenant from creating, or require Tenant to remove, any Equipment Lien.
Prohibited Lien means any mechanic’s, vendor’s, laborer’s, or material supplier’s statutory lien or other similar lien arising from work, labor, services, equipment, or materials supplied, or claimed to have been supplied, to Tenant (or anyone claiming through Tenant), but only if such lien attaches (or may attach upon termination of this Lease) to the Fee Estate.
Prohibited Lien means any mechanic's, vendor's, laborer's or material supplier's statutory lien or other similar lien arising by reason of work, labor, services, equipment or materials supplied, or claimed to have been supplied, to Tenant, which lien either: (a) is filed against the Fee Estate or Landlord's leasehold interest in any Fee Estate owned by a Third Party Lessor, the Leemilt's Lessor, the Gettymart Lessor, or the Power Test Lessor or (b) is filed against the Leasehold Estate and, upon termination of this Restated Lease, would under the Law of the State attach to the Fee Estate or Landlord's leasehold interest in any Fee Estate owned by a Third Party Lessor, the Leemilt's Lessor, the Gettymart Lessor, or the Power Test Lessor. Notwithstanding anything to the contrary in this Restated Lease, an Equipment Lien shall not constitute a Prohibited Lien and nothing in this Restated Lease shall prohibit Tenant and/or Subtenant from creating, or require Tenant and/or Subtenant, as the case may be, to remove, any Equipment Lien except upon termination of this Restated Lease.
Prohibited Lien means any Lien not expressly allowed under Section 5.2(b). "Rate Election" has the meaning given it in Section 2.4.
Prohibited Lien means a mechanic’s, materialman’s or other lien filed against the Project or Premises arising out of work performed, materials furnished, or obligations incurred at Tenant’s request or allegedly at Tenant’s request. If Tenant becomes aware of a Prohibited Lien, Tenant will (a) immediately notify Landlord and (b) within 15 days after the date that Landlord becomes aware of the Prohibited Lien, cause it to be released of record, either by payment to the claimant or by posting a bond in amount, form, and substance acceptable to Landlord. If Tenant does not timely cause a Prohibited Lien to be released of record, Landlord may do so by any means (including payment in full to the claimant), and Tenant will immediately reimburse Landlord for all amounts incurred by Landlord to obtain such release, including any amount that Landlord paid to the claimant. Tenant’s obligations under this Section will survive the termination of this Lease.