Imposition of Lien Sample Clauses

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Imposition of Lien. The parties further agree that in appropriate cases, as mutually determined by the Parties, the District will assist Town in the collection of delinquent accounts through placement by District of a lien on the delinquent premises pursuant to the District's lien power provided for in Utah Code ▇▇▇. §17D-1-106(1)(g) and §17B-1-902; provided, however, that in such cases Town shall not be relieved from its obligation to pay to District the amount of the monthly fee pending enforcement of the lien, the proceeds from which shall be used to reimburse Town for any amounts paid
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Imposition of Lien. A lien is hereby imposed on each Condo-Hotel Unit (a) for enforcement by and for the benefit of the Hotel Owner to secure payment of all Assessments and Resort Subsidy Charges now or hereafter imposed in accordance with this Declaration, and (b) for enforcement by and for the benefit of any Creditor Owner, to secure repayment to such Creditor Owner of amounts advanced by such Creditor Owner, in the manner provided in §5.2, for the account of a Defaulting Owner. Such lien shall also secure payment to the Hotel Owner or repayment to the Creditor Owner of all late charges and interest assessed on delinquent Assessments and Resort Subsidy Charges pursuant to §§3.1 or 4.5, reimbursement for or payment of all reasonable attorneys, fees and other reasonable costs incurred by the Hotel Owner or Creditor Owner in connection with the collection of claims relating to unpaid Assessments, Resort Subsidy Charges, room charges or other amounts due and/or the enforcement of the lien and payment of all amounts for subsequent Assessments or Resort Subsidy Charges, if any, the maturity of which may have been accelerated pursuant to §5.4 as a result of the event of a default in one payment of Assessments. If all or any portion of any installment of a Common Assessment, Capital Improvement Assessment, Special Assessment or Reconstruction Assessment, or Resort Subsidy Charge, is not paid within fifteen (15) days after its due date, the unpaid amount shall bear interest at the highest lawful rate from time to time (now at eighteen percent (18%) per annum) from the due date until the date of full payment. In addition to such interest, the Hotel Owner may charge an administrative fee in an amount not to exceed the greater of twenty-five dollars ($25.00) or five percent (5%) of each late Assessment installment payment. All late Assessment payments upon account shall be first applied to interest accrued, then to any costs and reasonable attorney’s fees and then to the Assessment payment first due. All interest collected shall be credited to the Shared Expense account.
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Imposition of Lien. The PBGC shall provide notice to ------------------ Hillside of the occurrence of any event which would entitle the PBGC to impose a lien on the assets of the
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Imposition of Lien. The consummation of the transactions hereby contemplated and the compliance with the terms, conditions and provisions of this YFFNLP Financing Agreement and each of the other YFFNLP Loan Documents will not result in the creation or imposition of any Lien on any Property of the YFFNLP or the YFFNLP’s General Partner except as otherwise permitted by this YFFNLP Financing Agreement.
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Imposition of Lien. The consummation of the transactions hereby contemplated and the compliance with the terms, conditions and provisions of this FLCNKII Financing Agreement and each of the other FLCNKII Loan Documents will not result in the creation or imposition of any Lien on any Property of FLCNKII except as otherwise permitted by this FLCNKII Financing Agreement.
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Imposition of Lien. In the event a lien is imposed upon the Premises as result of such construction, repair, alteration, or installation, Tenant shall either: (i) Record a valid release of lien, or (ii) Procure or cause to be procured and record or cause to be recorded a bond in accordance with Section 3143 of the Civil Code, which frees the Premises from the claim of the lien or stop-notice and from any action brought to foreclose the lien.
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Imposition of Lien. The consummation of the transactions hereby contemplated and the compliance with the terms, conditions and provisions of this CNPLP Financing Agreement and each of the other CNPLP Loan Documents will not result in the creation or imposition of any Lien on any Property of the CNPLP or the CNPLP’s General Partner except as otherwise permitted by this CNPLP Financing Agreement.
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Related to Imposition of Lien

  • Creation of Liens Create or suffer to exist any Lien or transfer upon or against any of its property or assets now owned or hereafter acquired, except Permitted Encumbrances.

  • Subordination of Liens Notwithstanding the date, time, manner or order of filing or recordation of any document or instrument or grant, attachment or perfection of any Liens granted to the Second-Priority Secured Parties on the Common Collateral or of any Liens granted to the Intercreditor Agent or the Senior Lenders on the Common Collateral and notwithstanding any provision of the UCC, or any applicable law or the Second-Priority Documents or the Senior Lender Documents or any other circumstance whatsoever, each Second-Priority Agent, on behalf of itself and each applicable Second-Priority Secured Party, hereby agrees that: (a) any Lien on the Common Collateral securing any Senior Lender Claims now or hereafter held by or on behalf of the Intercreditor Agent or any Senior Lenders or any agent or trustee therefor regardless of how acquired, whether by grant, statute, operation of law, subrogation or otherwise, shall have priority over and be senior in all respects and prior to any Lien on the Common Collateral securing any Second-Priority Claims, (b) any Lien on the Common Collateral securing any Second-Priority Claims now or hereafter held by or on behalf of the Trustee, the Collateral Agent or any Second-Priority Secured Parties or any agent or trustee therefor regardless of how acquired, whether by grant, statute, operation of law, subrogation or otherwise, shall be junior and subordinate in all respects to all Liens on the Common Collateral securing any Senior Lender Claims and (c) with respect to any Second-Priority Claims (and as between the Second-Priority Agents and the Second-Priority Secured Parties), the Liens on the Common Collateral securing any Second-Priority Claims now or hereafter held by or on behalf of the Trustee, the Collateral Agent or any Second-Priority Secured Party or any agent or trustee therefor regardless of how acquired, whether by grant, statute, operation of law, subrogation or otherwise, shall rank equally and ratably in all respects. All Liens on the Common Collateral securing any Senior Lender Claims shall be and remain senior in all respects and prior to all Liens on the Common Collateral securing any Second-Priority Claims for all purposes, whether or not such Liens securing any Senior Lender Claims are subordinated to any Lien securing any other obligation of the Company, any other Grantor or any other Person.

  • Subordination of Lien; Waiver of Set-Off In the event that the Securities Intermediary has or subsequently obtains by agreement, by operation of law or otherwise a security interest in the Securities Account or any security entitlement credited thereto, the Securities Intermediary hereby agrees that such security interest shall be subordinate to the security interest of the Collateral Agent. The financial assets and other items deposited to the Securities Account will not be subject to deduction, set-off, banker’s lien, or any other right in favor of any person other than the Collateral Agent (except that the Securities Intermediary may set off (i) all amounts due to the Securities Intermediary in respect of customary fees and expenses for the routine maintenance and operation of the Securities Account and (ii) the face amount of any checks which have been credited to such Securities Account but are subsequently returned unpaid because of uncollected or insufficient funds).

  • Perfection of Liens To help the Bank perfect and protect its security interests and liens, and reimburse it for related costs it incurs to protect its security interests and liens.

  • Waiver of Liens To the maximum extent permitted by law, Contractor waives, and shall require its suppliers and subcontractors of any tier to waive, all liens and claims, and the right to file and enforce or otherwise assert any liens and claims, against GRTC’s facilities or any other GRTC property (real or personal) in connection with the Goods delivered and Services performed hereunder.