Common use of Contest of Lien Clause in Contracts

Contest of Lien. If Tenant desires to contest the claim of any mechanics' lien, Tenant shall (i) either post a release bond issued by a responsible corporate surety as prescribed by law, or furnish Landlord with adequate security for the amount of the claim plus estimated costs and interest, and (ii) promptly pay or cause to be paid any and all sums awarded to the claimant on its suit.

Appears in 3 contracts

Samples: Center Lease (Play Co Toys & Entertainment Corp), Attornment Agreement (Play Co Toys & Entertainment Corp), Play Co Toys & Entertainment Corp

AutoNDA by SimpleDocs

Contest of Lien. If Tenant desires to contest the claim of any mechanics' lien, Tenant shall (i) either post a release bond issued by a responsible corporate surety as prescribed by law, law or furnish Landlord with adequate security for the amount of the claim plus estimated costs and interest, and (ii) promptly pay or cause to be paid any and all sums awarded to the claimant on its suit.

Appears in 2 contracts

Samples: Lease Agreement (Select Comfort Corp), County of Charleston   Lease Agreement (Dgse Companies Inc)

AutoNDA by SimpleDocs

Contest of Lien. If Tenant desires to contest the claim of any mechanics' lien, Tenant shall (i) either post a release bond issued by a responsible corporate surety as prescribed by law, law or furnish Landlord with adequate security for the amount of the claim plus estimated costs and interest, and (ii) promptly pay or cause to be paid any and all sums awarded to the claimant on its suit.

Appears in 1 contract

Samples: Lease (Ra Medical Systems, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.