Lessor Liens Sample Clauses
The "Lessor Liens" clause defines the prohibition or limitation on the landlord (lessor) placing or allowing liens, claims, or encumbrances on the leased property that could affect the tenant's (lessee's) rights. In practice, this clause requires the lessor to ensure that the property remains free from any financial claims, such as mortgages or unpaid contractor bills, that could interfere with the tenant's use or enjoyment of the premises. Its core function is to protect the tenant from disruptions or legal complications arising from the lessor's financial obligations or actions, thereby ensuring the tenant's uninterrupted possession and use of the leased property.
Lessor Liens. No Lessor Liens (other than those created by the Operative Documents) exist on any Closing Date on the Leased Property, or any portion thereof, and the execution, delivery and performance by the Lessor of this Master Agreement or any other Operative Document to which it is or will be a party will not subject any Leased Property, or any portion thereof, to any Lessor Liens (other than those created by the Operative Documents).
Lessor Liens. The Leased Property is free and clear of all Lessor Liens attributable to it and no act or omission by it has occurred which would cause a Lessor Lien attributable to it.
Lessor Liens. Each of First Security Bank, National Association, in its individual capacity, and the Owner Participant covenants and agrees that it shall not cause or permit to exist a Lessor Lien attributable to it with respect to the Aircraft or any other portion of the Trust Estate. Each of First Security Bank, National Association, in its individual capacity, and the Owner Participant agrees that it will promptly, at its own expense, take such action as may be necessary duly to discharge such Lessor Lien attributable to it. Each of First Security Bank, National Association, in its individual capacity, and the Owner Participant agrees to make restitution to the Trust Estate for any actual diminution of the assets of the Trust Estate resulting from Lessor Liens attributable to it. The Owner Participant agrees to make restitution to the Trust Estate for any actual diminution of the assets of the Trust Estate resulting from any Taxes or Expenses imposed on the Trust Estate against which Lessee is not required to indemnify the Trust Estate pursuant to Section 6.
Lessor Liens. The Equipment is free and clear of all Lessor Liens.
Lessor Liens. There are no Lessor Liens attributable to such Participant on the Lease or the Leased Property.
Lessor Liens. The Borrower covenants and agrees that it will promptly, at its own expense, take such action as may be necessary to duly discharge any Lessor Lien (other than the Security Interests created pursuant to the Security Documents or the Basic Agreements, or as otherwise consented to in writing by the Security Trustee) attributable to or caused by it with respect to any or all of the Collateral.
Lessor Liens. The Property is free and clear of all Lessor Liens. ------------
Lessor Liens. Lessor shall remove all Lessor Liens from the Facility 1 Property before the Expiration Date of the Facility 1 Lease Agreement (or, in the case of a purchase of a portion of the Facility 1 Property pursuant to the Partial Purchase Option, from the portion to be purchased before the applicable Partial Purchase Date).
Lessor Liens. Each of SBC in its individual capacity and the Owner Participant severally covenants and agrees (i) that it shall not cause or permit to exist a Lessor Lien attributable to it with respect to the Aircraft or any other portion of the Trust Estate, (ii) that it will promptly, at its own expense, take such action as may be necessary duly to discharge such Lessor Lien attributable to it, and (iii) that it will make restitution to the Trust Estate for any actual diminution of the assets of the Trust Estate resulting from such Lessor Liens attributable to it.
Lessor Liens. No Lessor Liens or other Liens created by acts or omissions of the Lessor (other than Liens created by the Operative Documents) exist on the Closing Date on the Leased Property, or any portion thereof, and the execution, delivery and performance by the Lessor of this Participation Agreement or any other Operative Document to which it is or will be a party will not subject the Leased Property, or any portion thereof, to any Lessor Liens or other Liens created by the Lessor (other than by the Operative Documents). Except for Liens against the Leased Property created by the Operative Documents, Permitted Liens (other than Lessor Liens), Liens (including Lessor Liens) arising directly or indirectly from the Lessee's failure to discharge the Lessee's obligations under the Operative Documents, the Lessor further represents and warrants that it will not create, suffer to be created or permit any Liens on the Leased Property.