Common use of Lessor Covenant Clause in Contracts

Lessor Covenant. Lessor shall pay when due all principal and interest on any mortgage or superior lease to which this Lease is subordinate or subordinated, and shall pay or discharge (by bonding or otherwise) all valid mechanic's liens filed against the Leased Premises by reasons of any construction by Lessor.

Appears in 3 contracts

Samples: Building Lease Agreement (FFP Marketing Co Inc), Lease Agreement (FFP Partners L P), Master Lease Agreement (FFP Partners L P)

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Lessor Covenant. Lessor shall pay when due all principal and interest on any mortgage or superior lease to which this Lease is subordinate or subordinated, and shall pay or discharge (by discharge, by bonding or otherwise) all valid mechanic's liens filed against the Leased Premises by reasons of any construction by Lessor.

Appears in 2 contracts

Samples: Ground Lease Agreement (FFP Marketing Co Inc), Lease Agreement (FFP Marketing Co Inc)

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