Common use of Future Liens Clause in Contracts

Future Liens. In addition to their obligations under Section 15, the Parties hereby agree that if the Cable, Cable Accessories, Structures, or FiveCom Fibers are or become subject to any mechanics', artisan's or materialmen's lien, or other encumbrance chargeable to or through a Party, that Party shall promptly cause such lien or encumbrance to be discharged and released of record (by payment, posting of bond, court deposit or other means) without cost to the other Party and shall indemnify that other Party against all costs and expenses (including reasonable attorney's fees) incurred in discharging and releasing such lien or encumbrance; provided, however, that if any such lien or encumbrance is not so discharged and released within 30 days after written notice to the Party responsible for the lien, then the other Party may pay for or secure the release or discharge thereof at the expense of Party responsible for the lien.

Appears in 2 contracts

Sources: Fiber Optic Lease Agreement (Northeast Optic Network Inc), Fiber Optic Lease Agreement (Northeast Optic Network Inc)