Construction Lien Act. The Owner covenant and agree that it will hold back in its payments to any contractor who may construct services, facilities or works, such amounts as may be required under the provisions of the Construction Lien Act. The obligation of the Owner to indemnify the Town will extend to any matters arising under the Construction Lien Act, or any other claim for unpaid accounts. On demand by the Town, the Owner will take such steps as may be necessary to immediately discharge all liens registered upon the Subject Property or otherwise advanced against the interest of the Owner in relation to the prescribed works.
Construction Lien Act. The Recipient covenants and agrees that it will hold back in its payments to any contractor on the Project such amounts as may be required under the provisions of the Construction Lien Act. The obligation of the Recipient to indemnify the CITY will extend to any matters arising under the Construction Lien Act, or any other claim for unpaid accounts. On demand by the CITY, the Recipient will take such steps as may be necessary to immediately discharge all liens registered upon the Subject Property.
Construction Lien Act. 51. The Purchaser covenants and agrees that the Purchaser is a “home buyer” within the meaning of the Construction Lien Act of Ontario, as may be amended, and will not claim any lien holdback on the Closing Date.
Construction Lien Act. In the event the Town assigns or sub-contracts this Agreement or employs sub-contractors, the Town shall be responsible for all payment requirements or other obligations of an owner pursuant to the Construction Lien Act, R.S.O. 1990, c. C.30. Without limiting the foregoing, the Town shall be responsible to quantify the value of work performed and materials supplied and prepare progress certificates to show the amount of statutory holdbacks and liens as may apply. A copy of each progress payment certificate shall be directed to the Commissioner. The Town shall be responsible for obligations to a sub-contractor to certify the completion of the works as required under the Construction Lien Act. The Commissioner shall receive a copy of the certificate of substantial performance as issued by the Town and the Town shall comply with all notice requirement as set out in the Construction Lien Act for the said certificate.
Construction Lien Act. 11. The Purchaser covenants and agrees that he/she is a “home buyer” within the meaning of the Construction Lien Act, R.S.O. 1990, c.C.30 and will not claim any lien holdback on the Occupancy Date or Title Transfer Date. Subject to the rights of the Vendor under Paragraph 19(b), the Vendor shall complete the remainder of the Condominium according to its schedule of completion and neither the Occupancy Date nor the Title Transfer Date shall be delayed on that account. The Planning Act
Construction Lien Act. 32. The Owner shall comply with all of the provisions of the Construction Lien Act,
Construction Lien Act. 59. In as much as the Owner is obliged at its entire expense and not at the expense of the Town to make improvements to the highway, the Owner shall deposit with the Town a security, in form satisfactory to the Town Solicitor and in an amount satisfactory to the Director of Infrastructure Services, for the estimated amount of the holdbacks (under part IV of the Construction Lien Act) that would have been required were the improvements made at the expense of the Town.
Construction Lien Act. The Borrower covenants and agrees that all improvements to the Property shall comply in all respects with the provisions of the Construction Lien Act, R.S.O. 1990, c.C.30, as amended and/or restated from time to time, and if a construction lien is filed against all or part of the Property, then within thirty (30) Business Days after receipt of written notice thereof, the Borrower shall have the lien vacated or discharged. If the Borrower fails to do so, then in addition to its other rights provided herein, the Lender shall be entitled to pay into court a sum sufficient to obtain an order vacating such lien or to purchase a financial guarantee bond in the form prescribed under the said Act. All reasonable costs, charges and expenses reasonably incurred by the Lender in connection with such payment into court or in connection with the purchase of a financial guarantee bond or in connection with any legal proceedings described below, together with interest thereon at the Interest Rate, shall be added to the Indebtedness and secured by the Charge and shall be payable forthwith by the Borrower to the Lender. If any person that performs work, labour or services or that provides materials to or for the Property, names the Lender as a party to any legal proceedings which it takes to enforce a construction lien or trust claim, then the Borrower shall reimburse the Lender for, and indemnify the Lender against any and all reasonable legal expenses (on a solicitor and his own client basis) reasonably incurred by the Lender in such legal proceedings.
Construction Lien Act. 5.1 Not applicable.
Construction Lien Act. Landlord shall withhold and retain from any payment of the Total Construction Costs made by Landlord to a contractor, the applicable holdback amount on such payment stipulated by the Construction Lien Act (Ontario), which amount shall be retained and released to the entitled party in accordance with the terms of said Act. To the extent Tenant has satisfied its obligations under this Work Letter (including the obligation to timely pay all amounts due by Tenant under the Lease and this Work Letter), Landlord shall defend, indemnify and hold Tenant and its representatives and agents harmless from and against all costs, claims, demands, liabilities and causes of action arising out of or related to the failure by Landlord to comply with its obligations under this Section 7.4.
