Examples of Lien in a sentence
During the term of the 504 Loan, Third Party Lender will not exercise any cross-default, "deem at-risk," or any other provisions in documents evidencing the Third Party Loan or Third Party Lender Lien which allow Third Party Lender to make demand on the Third Party Loan prior to maturity unless the Third Party Loan is in material default.
When SBA is the holder of the loan instruments evidencing the 504 Loan and any security for that loan (including but not limited to the CDC Lien on the Common Collateral), this Agreement and all such instruments will be construed in accordance with Federal law.
If Third Party Lender's documents contain provisions granting Third Party Lender the right to indemnification by subsequent owners of the Project Property, then Third Party Lender waives its right to enforce such provisions against SBA or CDC in the event SBA or CDC acquires title to the Project Property through foreclosure of the CDC Lien, acceptance of a deed in lieu of foreclosure, or otherwise.
Third Party Xxxxxx agrees that the Common Collateral will only secure its Third Party Loan and the Common Collateral is not currently, and will not be used in the future, as security for any other financing provided by Third Party Lender to Borrower that purports to be in a superior position to that of the CDC Lien, unless authorized in writing by CDC and SBA.
Construction Phase Services We will lead the pre-construction meeting, attend/lead weekly OAC meetings, develop weekly Site Observation Reports utilizing written and photographic documentation, review Pay Applications, address RFI's, review Shop Drawings, review Lien Releases, review/advise on Change Proposals, and all other standard architectural services as defined within AIA A201 - 2017, General Conditions of the Contract for Construction, and AIA B101 - 2017, Owner Architect Agreement.