Common use of Laborers, Subcontractors and Materialmen Clause in Contracts

Laborers, Subcontractors and Materialmen. To notify the Agent promptly, and in writing, if the Borrower or the Property Owner receives any written default notice, notice of Lien or demand for past due payment, from any contractor, subcontractor or materialman and, in respect of any Lien, from any contractor, subcontractor or materialman. The Borrower shall also furnish to the Agent at any time and from time to time upon reasonable demand by the Agent, Lien waivers in form reasonably satisfactory to the Agent and the Title Company bearing a then current date from the Major Contractors and the Major Subcontractors.

Laborers, Subcontractors and Materialmen. To notify the Agent promptly, and in writing, if the Borrower or the Property Owner receives any written default notice, notice of Lien lien or demand for past due payment, payment from any contractor, subcontractor or materialman and, in respect of any Lien, from any contractor, subcontractor or materialman. The Borrower shall also furnish to the Agent at any time and from time to time upon reasonable demand by the Agent, Lien lien waivers in form reasonably satisfactory to the Agent and the Title Company bearing a then current date from the Major Contractors and the Major Subcontractors.

Laborers, Subcontractors and Materialmen. To notify the Agent Lender promptly, and in writing, if the Borrower or the Property Owner receives any written default notice, notice of Lien or demand for past due payment, from any contractor, subcontractor or materialman and, in respect of any Lien, from any contractor, subcontractor or materialman. The Borrower shall also furnish to the Agent Lender at any time and from time to time upon reasonable demand by the AgentLender, Lien waivers in form reasonably satisfactory to the Agent Lender and the Title Company bearing a then current date from the Major Contractors contractors and the Major Subcontractorssubcontractors.