Common use of Contest of Lien Clause in Contracts

Contest of Lien. If Tenant shall desire to contest any claim of such mechanics' lien, it shall furnish Landlord adequate security for the value or in the amount of the claim, plus estimated costs and interest, or a bond of a responsible corporate surety in such amount, conditioned on the discharge of the lien. If a final judgment establishing the validity or existence of a lien for any amount is entered, Tenant shall immediately pay and satisfy the same.

Appears in 2 contracts

Samples: Lease Agreement (Play Co Toys & Entertainment Corp), Lease Agreement (Cinemastar Luxury Theaters Inc)

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Contest of Lien. If Tenant shall desire to contest any claim of such mechanics' lien, it shall furnish Landlord adequate security for ­of the value or in the amount of the claim, plus estimated costs and interest, or a bond of a responsible corporate surety in such amount, conditioned on the discharge of amount as is necessary to release the lien. If a final judgment establishing the validity or ­or existence of a lien for any amount is entered, Tenant shall immediately pay and satisfy the samesame at once.

Appears in 1 contract

Samples: Lease (Meganet Corp)

Contest of Lien. If Tenant shall desire to contest any claim of such mechanics' lien, it shall shell furnish Landlord adequate security for of the value or in the amount of the claim, plus estimated costs coats and interest, interest or a bond of or a responsible corporate surety in such amount, conditioned on the discharge of amount as is necessary to release the lien. If a final judgment establishing the validity or existence of a lien for any amount is entered, Tenant shall immediately pay and satisfy the samesame at once.

Appears in 1 contract

Samples: Office Lease (American Vantage Companies)

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Contest of Lien. If Tenant shall desire to contest any claim of such mechanics' lien, it shall furnish Landlord adequate security for of the value or in the amount of the claim, plus estimated costs and interest, or a bond of a responsible corporate surety in such amount, conditioned on the discharge of amount as is necessary to release the lien. If a final judgment establishing the validity or existence of a lien for any amount is entered, Tenant shall immediately pay and satisfy the samesame at once.

Appears in 1 contract

Samples: Storefront Sign Agreement

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