Common use of Liens and Stop Notices Clause in Contracts

Liens and Stop Notices. Until a Certificate of Completion has been issued, and subject to Developer’s ability to dispute payment applications submitted by contractors, as permitted by California Civil Code sections 8800 and 8812, Developer shall not allow to be placed on the Subject Property or any part thereof any lien or stop notice on account of materials supplied to or labor performed on behalf of Developer. If a claim of a lien or stop notice is given or recorded affecting the Project or the Subject Property or any part thereof, Developer shall within twenty (20) days of such recording or service: (a) pay and discharge (or cause to be paid and discharged) the same; or (b) effect the release thereof by recording and delivering (or causing to be recorded and delivered) to the party entitled thereto a surety bond in sufficient form and amount; (c) provide other assurance satisfactory to City that the claim of lien or stop notice will be paid or discharged or take such other or additional action as the parties may agree in writing

Liens and Stop Notices. Until a Certificate of Completion has been issuedissued for that particular phase of construction, and subject to Developer’s ability to dispute payment applications submitted by contractors, as permitted by California Civil Code sections 8800 and 8812, Developer shall not allow to be placed on that particular Lot of the Subject City Property or any part thereof any lien or stop notice on account of materials supplied to or labor performed on behalf of Developer. If a claim of a lien or stop notice is given or recorded affecting the Project or the Subject City Property or any part thereofthereof prior to conveyance of such to Developer, Developer shall within twenty (20) days of such recording or service: (a) pay and discharge (or cause to be paid and discharged) the same; or (b) effect the release thereof by recording and delivering (or causing to be recorded and delivered) to the party entitled thereto a surety bond in sufficient form and amount; (c) provide other assurance satisfactory to City that the claim of lien or stop notice will be paid or discharged or take such other or additional action as the parties may agree in writing