Common use of Builders’ Liens Clause in Contracts

Builders’ Liens. The Borrower shall use commercially reasonable efforts to cause the Design-Build Contractor to comply with all applicable builders’ lien legislation and to pay or cause to be paid when due all claims and demands of contractors, subcontractors, laborers, suppliers of material, builders, workmen and others which, if unpaid, might result in the creation of a builders’ lien, prior claim, legal pledge or analogous claim against the Project or any part thereof or on the revenue, income or profits arising therefrom, unless there is a bona fide dispute and adequate security has been posted.