Common use of Contesting Liens Clause in Contracts

Contesting Liens. If SAMP desires to contest any lien upon its right, title and interest in this Lease as described in Section 8.1, SAMP shall notify the City of SAMP's intention to do so within thirty (30) days after the filing of the lien, and within that same thirty (30) day period, at SAMP's sole cost and expense, SAMP shall protect the City by a good and sufficient bond against the lien and any cost, liability or damage arising out of such contest. The lien, if SAMP timely provides the bond described above, shall not be a SAMP Event of Default hereunder until thirty

Appears in 2 contracts

Sources: Ground Lease, Ground Lease