Common use of Mechanic Liens Clause in Contracts

Mechanic Liens. Administrative Agent shall have received effective lien waivers and releases (conditioned solely upon payment of amounts included in the Advance Request) from the General Contractor, all Major Subcontractors, and if requested by Administrative Agent, such other subcontractors, suppliers and other Persons as may be requested by Administrative Agent and that have a right to file a mechanic’s or materialman’s lien, construction lien or any other similar instrument against the Improvements with respect to the work completed through a date no earlier than thirty (30) days prior to the date of disbursement.

Appears in 2 contracts

Sources: Construction Loan Agreement (Bluerock Residential Growth REIT, Inc.), Construction Loan Agreement (Bluerock Residential Growth REIT, Inc.)