Common use of COVENANT AGAINST LIENS Clause in Contracts

COVENANT AGAINST LIENS. Tenant has no authority or power to cause or permit any lien or encumbrance of any kind whatsoever, whether created by act of Tenant, operation of law or otherwise, to attach to or be placed upon the Project, Building or Premises, and any and all liens and encumbrances created by Tenant shall attach to Tenant’s interest only. Landlord shall have the right at all times to post and keep posted on the Premises any notice which it deems necessary for protection from such liens. Tenant shall not cause or permit any lien of mechanics or materialmen or others to be placed against the Project, the Building or the Premises with respect to work or services claimed to have been performed for or materials claimed to have been furnished to Tenant or the Premises, and, in case of any such lien attaching or notice of any lien, Tenant shall cause it to be immediately released and removed of record. If any such lien is not released and removed within five (5) business days after notice of such lien is delivered by Landlord to Tenant, then Landlord may, at its option, take all action necessary to release and remove such lien, without any duty to investigate the validity thereof, and all sums, costs and expenses, including reasonable attorneys’ fees and costs, incurred by Landlord in connection with such lien shall be deemed Additional Rent under this Lease and shall immediately be due and payable by Tenant.

Appears in 2 contracts

Samples: Extension Option Rider (Turning Point Therapeutics, Inc.), Terms of Lease (Aqua Metals, Inc.)

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COVENANT AGAINST LIENS. Tenant has no authority or power to (a) Except as expressly approved by Lessor in writing, Lessee shall not be the cause or permit any lien or encumbrance object of any kind whatsoeverliens or allow such liens to exist, whether created attach to, be placed on, or encumber Lessor’s interest in the Premises, by act of Tenant, operation of law or otherwise. Lessee shall not suffer or permit any lien of mechanics, material suppliers, or others to attach to or be placed upon against the Project, Building Premises with respect to work or services performed or claimed to have been performed for Lessee or materials furnished or claimed to have been furnished to Lessee or the Premises, and any and all liens and encumbrances created by Tenant shall attach to Tenant’s interest only. Landlord shall have Lessor has the right at all times to post and keep posted on the Premises any notice which that it deems considers necessary for protection from such liens. Tenant shall not cause If any such lien attaches or permit any lien of mechanics or materialmen or others to be placed against the Project, the Building or the Premises with respect to work or services claimed to have been performed for or materials claimed to have been furnished to Tenant or the Premises, and, in case Xxxxxx receives notice of any such lien attaching or notice of any lien, Tenant Lessee shall cause it the lien to be immediately released and removed of record. If Despite any such other provision of this Lease, if the lien is not released and removed within five ten (510) business days after Xxxxxx delivers notice of such the lien is delivered by Landlord to TenantLessee, then Landlord may, at its option, Lessor may immediately take all action necessary to release and remove such the lien, without any duty to investigate the validity thereof, and all sums, costs and expenses, of it. All expenses (including reasonable attorneys’ fees and costs, attorney fees) incurred by Landlord Lessor in connection with such the lien shall be deemed Additional considered additional Rent under this Lease and shall be immediately be due and payable by TenantXxxxxx. Any failure by Lessee to comply with this Section shall constitute a material breach of this Lease.

Appears in 2 contracts

Samples: Hospital Lease, Hospital Lease

COVENANT AGAINST LIENS. Tenant has no authority or power to shall not be the cause or permit any lien or encumbrance object of any kind whatsoeverliens or allow such liens to exist, whether created attach to, be placed on or encumber Landlord's or Tenant's interest in the Premises, Building or Real Property by act of Tenant, operation of law or otherwise, to attach to or be placed upon the Project, Building or Premises, and any and all liens and encumbrances created by Tenant shall attach to Tenant’s interest only. Landlord shall have the right at all times to post and keep posted on the Premises any notice which it deems necessary for protection from such liens. Tenant shall not cause suffer or permit any lien of mechanics or materialmen mechanics, material suppliers, or others to be placed against the ProjectPremises, the Building or the Premises Real Property with respect to work or services performed or claimed to have been performed for Tenant or materials furnished or claimed to have been furnished to Tenant or the Premises, and, in case . If any such lien attaches or Tenant receives notice of any such lien attaching or notice of any lien, Tenant shall cause it the lien to be immediately released and removed of record. If record on the earlier of five (5) days after Tenant receives notice of any such lien or five (5) days after Landlord delivers written notice of the lien to Tenant. Despite any other provision of this Lease, if the lien is not released and removed within five ten (510) business days after Landlord delivers notice of such the lien is delivered by Landlord to Tenant, then Landlord may, at its option, may immediately take all action necessary to release and remove such the lien, without any duty to investigate the validity thereof, and all sums, costs and expenses, of it. All expenses (including reasonable attorneys’ fees and costs, attorney fees) incurred by Landlord in connection with such the lien shall be deemed considered Additional Rent under this Lease and shall be immediately be due and payable by Tenant.. ARTICLE 15

Appears in 1 contract

Samples: Sublease Agreement (Starent Networks, Corp.)

COVENANT AGAINST LIENS. Tenant has no authority or power to cause or permit any lien or encumbrance of any kind whatsoever, whether created by act of Tenant, operation of law or otherwise, to attach to or be placed upon the Project, Building Buildings or Premises, and any and all liens and encumbrances created by Tenant shall attach to Tenant’s 's interest only. Landlord shall have the right at all times to post and keep posted on the Premises any notice which it deems necessary for protection from such liens. Tenant shall not cause or permit any lien of mechanics or materialmen or others to be placed against the Project, the Building Buildings or the Premises with respect to work or services claimed to have been performed for or materials claimed to have been furnished to Tenant or the Premises, and, in case of any such lien attaching or notice of any lien, Tenant shall cause it to be immediately promptly released and removed of record. If any such lien is not released and removed within five (5) business days after notice of such lien is delivered by Landlord to Tenant, then Landlord may, at its option, take all action necessary to release and remove such lien, without any duty to investigate the validity thereof, and all sums, costs and expenses, including reasonable attorneys' fees and costs, incurred by Landlord in connection with such lien shall be deemed Additional Rent under this Lease and shall immediately be due and payable by Tenant.

Appears in 1 contract

Samples: Tenant Work Letter (Biotime Inc)

COVENANT AGAINST LIENS. Tenant has no authority or power to cause or permit any lien or encumbrance of any kind whatsoever, whether created by act of Tenant, operation of law or otherwise, to attach to or be placed upon the Project, Building or Premises, and any and all liens and encumbrances created by Tenant shall attach to Tenant’s interest only. Landlord shall have the right at all times to post and keep posted on the Premises any notice which it deems necessary for protection from such liens. Tenant shall not cause or permit any lien of mechanics or materialmen or others to be placed against the Project, the Building or the Premises with respect to work or services claimed to have been performed for or materials claimed to have been furnished to Tenant or the Premises, and, in case of any such lien attaching or notice of any lien, Tenant shall cause it to be immediately released and removed of record. If any such lien is not released and removed within five ten (510) business days after written notice of such lien is delivered by Landlord to Tenant, then Landlord may, at its option, take all action necessary to release and remove such lien, without any duty to investigate the validity thereof, and all sums, costs and expenses, including reasonable attorneys’ fees and costs, incurred by Landlord in connection with such lien shall be deemed Additional Rent under this Lease and shall immediately be due and payable by Tenant.

Appears in 1 contract

Samples: Regulus Therapeutics Inc.

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COVENANT AGAINST LIENS. Tenant has no authority or power to cause or permit any lien or encumbrance of any kind whatsoever, whether created by act of Tenant, operation of law or otherwise, to attach to or be placed upon the Project, Building Project or Premisesany portion thereof, and any and all liens and encumbrances created by Tenant shall attach to Tenant’s 's interest only. Landlord shall have the right at all times to post and keep posted on the Premises any notice which it deems necessary for protection from such liens. Tenant shall not cause or permit any lien of mechanics or materialmen or others to be placed against the ProjectProject or any portion thereof, the Building or the Premises with respect to work or services claimed to have been performed for or materials claimed to have been furnished to Tenant or the Premises, and, in case of any such lien attaching or notice of any lien, Tenant shall cause it to be immediately released and removed of record. If any such lien is not released and removed within five (5) business days after notice of such lien is delivered by Landlord to Tenant, then Landlord may, at its option, take all action necessary to release and remove such lien, without any duty to investigate the validity thereof, and all sums, costs and expenses, including reasonable attorneys’ fees and costs' fees, incurred by Landlord in connection with such lien shall be deemed Additional Rent under this Lease and shall immediately be due and payable by Tenant.

Appears in 1 contract

Samples: Office Lease (Sierra Oncology, Inc.)

COVENANT AGAINST LIENS. Tenant has no authority or power to cause or permit any lien or encumbrance of any kind whatsoever, whether created by act of Tenant, operation of law or otherwise, to attach to or be placed upon the Project, Building or Premises, and any and all liens and encumbrances created by Tenant shall attach to Tenant’s interest only. Landlord shall have the right at all times to post and keep posted on the Premises any notice which it deems necessary for protection from such liens. Tenant shall not cause or permit any lien of mechanics or materialmen or others to be placed against the Project, the Building or the Premises with respect to work or services claimed to have been performed for or materials claimed to have been furnished to Tenant or the Premises, and, in case of any such lien attaching or notice of any lien, Tenant shall cause it to be immediately released and removed of recordrecord by payment or posting of a statutory bond within twenty (20) days after Tenant has received notice of such lien. If any such lien is not released and removed of record within five (5) business days after notice of such lien is delivered by Landlord to Tenant20-day period, then Landlord may, at its option, take all action necessary to release and remove such lien, without any duty to investigate the validity thereof, and all sums, costs and expenses, including reasonable attorneys’ fees and costs, incurred by Landlord in connection with such lien shall be deemed Additional Rent under this Lease and shall immediately be due and payable by Tenant.

Appears in 1 contract

Samples: Escrow Agreement (Polycom Inc)

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