Lien on Property. Any amounts which remain payable under this Agreement shall become a lien on the Property, and such lien shall be enforceable against the Property in the event that any payment owing hereunder is not timely made in accordance with this Agreement.
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Sources: Payment in Lieu of Tax Agreement, Agreement for Payments in Lieu of Ad Valorem Taxes, Agreement for Payments in Lieu of Ad Valorem Taxes
Lien on Property. Any amounts which remain payable under this Agreement shall become a lien on the Property, and such lien shall be enforceable against the Property in the event that any payment owing hereunder is not timely made in accordance with this Agreement, subject to any applicable cure periods.
Appears in 1 contract