Common use of Taxes and Encumbrances Clause in Contracts

Taxes and Encumbrances. Hardball shall pay promptly when due any and all personal property taxes imposed on its personal property located in the Venue. To the extent any work is done at the request of and for the sole benefit of Hardball and for which a supplier or contractor has lien rights arising from nonpayment, Hardball further covenants that it will not permit any mechanics liens or similar encumbrance to exist against the Venue or any property therein and shall, within thirty (30) days of any such lien or encumbrance being asserted against the Venue or any property therein as a result of action or inaction by Hardball, either cause the same to be released of record, or obtain title or other insurance coverage satisfactory to the City over such lien and proceed diligently to contest the same in good faith.

Appears in 3 contracts

Sources: Venue License Agreement, Venue License Agreement, Venue License Agreement