Mechanics’ Lien Sample Clauses
A Mechanics’ Lien clause establishes the right of contractors, subcontractors, or suppliers to claim a legal interest in a property if they are not paid for labor or materials provided during a construction project. This clause typically outlines the procedures for filing a lien, the obligations of the property owner to prevent liens, and may require the contractor to provide lien waivers or releases upon payment. Its core function is to protect the interests of those contributing to the improvement of real property by ensuring they have a legal remedy to secure payment, thereby reducing the risk of nonpayment in construction projects.
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Mechanics’ Lien. Tenant understands and agrees that Tenant and anyone acting on Tenant’s behalf does not have the right to file for mechanic’s liens or any other kind of liens on the Premises. Tenant agrees to give actual advance notice to any contractors, subcontractors or suppliers of goods, labor or services that such liens are invalid. Tenant further agrees to take the additional steps necessary to keep the Premises free of any and all liens that may result from construction completed by or for Tenant.
Mechanics’ Lien. A lien for the performance of work or the supply of materials filed against the Property, or any stop notice served on Borrower, any contractor of Borrower, or Lender, remains unsatisfied or unbonded for a period of thirty (30) days after the date of filing or service.
Mechanics’ Lien. If Tenant makes any alterations or improvements in the Leased Premises, Tenant must pay for them when made. Nothing in the Lease shall be construed to authorize Tenant or any person dealing with or under Tenant, to charge the rents of the Leased Premises, or the property of which the Leased Premises form a part, or the interest of Landlord in the estate of the Leased Premises, or any person under and through whom Landlord has acquired its interest in the estate of the Leased Premises, with a mechanic's lien or encumbrance of any kind, and under no circumstances shall Tenant be construed to be the agent, employee or representative of Landlord in the making of such alterations or improvements to the Leased Premises, but, on the contrary, the right or power to charge any lien, claim or encumbrance of any kind against Landlord's rents or the Leased Premises or said land is denied. So long as the laws of this state shall provide for the filing of a statutory bond to eliminate the attachment of mechanic's or materialmen's liens to real estate, Tenant shall require that its contractor or itself shall take such steps as are provided by law for the filing of said statutory bond prior to the initiation of any construction. If a mechanic's or materialmen's lien is threatened by any contractor or supplier, or in the event of the filing of a notice of any such lien, Tenant will promptly take steps immediately to have any such lien removed. If the lien is not removed within ten (10) days from the date of written notice from Landlord, Landlord shall have the right at Landlord's option to cause the lien to be discharged by record of payment, deposit, bond or order of a court of competent jurisdiction or otherwise, to pay any portion thereof and of the amounts so paid, including attorney's fees and expenses connected therewith and interest at the rate of eighteen percent (18%) per annum on any sums paid or advanced, shall be deemed to be additional rent due from Tenant to Landlord and shall be paid to Landlord immediately upon rendition to Tenant of a bill ▇▇▇refor. Tenant will indemnify and save harmless Landlord from and against all loss, claims, damages, costs or expenses suffered by Landlord by reason of any repairs, installations or improvement, made by Tenant. Except as may be expressly provided in this Lease, nothing in this Article 5 shall be construed to permit Tenant to place any materials upon the Leased Premises or cause any labor or construction, or to make an...
Mechanics’ Lien. In the event any mechanic's lien shall at any time be filed against the Premises or any part of the Building by reason of work, labor, services or materials performed or furnished to Tenant or to anyone holding the Premises through or under Tenant, Tenant shall forthwith cause the same to be discharged of record. If Tenant shall fail to cause such lien forthwith to be discharged within five (5) days after being notified of the filing thereof, then, in addition to any other right or remedy of Landlord, Landlord may, but shall not be obligated to, discharge the same by paying the amount claimed to be due, or by bonding, and the amount so paid by Landlord and all costs and expenses, including reasonable attorney's fees incurred by Landlord in procuring the discharge of such lien, shall be due and payable in full by Tenant to Landlord on demand.
Mechanics’ Lien. Should any mechanic’s or other lien be filed against the Leased Premises or any part thereof by reason of Tenant’s acts or omissions or because of a claim against Tenant, Tenant shall cause the effect of the same to be cancelled and discharged or bonded over or otherwise within ten (10) days after written notice by Landlord.
Mechanics’ Lien. A lien for the performance of work or the supply of materials which is perfected against any of the Land remains unsatisfied or un-bonded or for which no other arrangements satisfactory to the Agent have been made for a period of twenty (20) days after the date of perfection unless the Borrower excludes the affected Eligible Project from the calculation of the Borrowing Base.
Mechanics’ Lien. Tenant shall, within ten (10) days after notice from Landlord, discharge any mechanic's lien for materials or labor claimed to have been furnished to the Demised Premises on Tenant's behalf (except for work contracted for by Landlord) and shall indemnify and hold harmless Landlord from any loss incurred in connection therewith.
Mechanics’ Lien. Tenant shall not permit any mechanic’s or materialman’s lien(s) or other lien to be placed upon the Leased Premises, the Building or the Property and nothing in this Lease shall be deemed or construed in any way as constituting the consent or request of Landlord, express or implied, by inference or otherwise, to any person for the performance of any labor or the furnishing of any materials to the Leased Premises, or any part thereof, nor as giving Tenant any right, power, or authority to contract for or permit the rendering of any services or the furnishing of any materials that would give rise to any mechanic’s, materialman’s or other lien against the Leased Premises. In the event any such lien is attached to the Leased Premises, then, in addition to any other right or remedy of Landlord, Landlord may, but shall not be obligated to, obtain the release of or otherwise discharge the same. Any amount paid by Landlord for any of the aforesaid purposes shall be paid by Tenant to Landlord on demand as Additional Rent.
Mechanics’ Lien. Tenant shall (A) pay for all labor and services performed for, materials used by or furnished to, Tenant or any contractor employed by Tenant with respect to the Premises; (B) indemnify, defend, protect and hold Landlord and the Premises harmless and free from any liens, claims, liabilities, demands, encumbrances, or judgments created or suffered by reason of any labor or services performed for, materials used by or furnished to, Tenant or any contractor employed by Tenant with respect to the Premises; (C) give notice to Landlord in writing five (5) days prior to employing any laborer or contractor to perform services related to, or receiving materials for use upon the Premises; and
Mechanics’ Lien. If any mechanic's lien or other lien or orders for the payment of money shall be filed against the Leased Premises or any part thereof by reason of or arising out of labor or material furnished or alleged to have been furnished or to be furnished to or for the account of Lessee or any subcontractors or operator at the Leased Premises or for or by reason of any change, alteration or addition or the cost or expense thereof, or any contract relating thereto, or against Lessor as owner thereof, Lessee shall, within forty-five (45) days after written notice from Lessor, either pay or bond the same or procure the discharge thereof in such manner as may be provided by law. ▇▇▇▇▇▇ shall also defend on behalf of ▇▇▇▇▇▇, at ▇▇▇▇▇▇'s sole cost and expense, any action, suit or proceeding which may be brought thereon or for the enforcement of such lien or orders. Lessee shall pay any damage and discharge any judgment entered therein and save harmless Lessor from any claim or damage resulting therefrom. Lessor shall also have the right to bond the lien itself at ▇▇▇▇▇▇'s expense after reasonable notice to ▇▇▇▇▇▇.