Common use of Lien Claims Clause in Contracts

Lien Claims. Trustee shall (a) promptly furnish to Agent and Lessee a copy of any notice of claims sent to Trustee by any person claiming or asserting any Lien on any portion of the Property, and (b) not create or authorize any Liens (other than the Permitted Encumbrances) on the Property arising by, through, or under Trustee.

Appears in 3 contracts

Sources: Transaction Agreement (Pep Boys Manny Moe & Jack), Transaction Agreement (Pep Boys Manny Moe & Jack), Transaction Agreement (Pep Boys Manny Moe & Jack)