Lien-Free Obligation Sample Clauses

Lien-Free Obligation. If any subcontractor, supplier, or subconsultant records or files, or maintains any action regarding a construction lien, stop payment notice, or lis pendens relating to the Work or the property where the Project is situated, the General Contractor or Prime Consultant, as applicable, will immediately vacate, discharge, extinguish, or expunge the construction lien, stop payment notice, or lis pendens, provided the Owner has paid the General Contractor or Prime Consultant for the Work and the General Contractor or Prime Consultant failed to pay their respective subconsultants, subcontractors or suppliers. If Prime Consultant or General Contractor fails to make timely payments to their respective subconsultants, subcontractors, and suppliers as required, the Owner may reasonably settle or bond over those claims, or take other actions necessary to prevent a default under any other agreement affecting the Owner’s property or the Project, and General Contractor or Prime Consultant, as applicable, will upon written demand reimburse Owner for any substantiated amounts that were necessary to satisfy Prime Consultant’s or General Contractor’s obligation to satisfy or discharge any claim for lien or stop payment notice. The Prime Consultant and General Contractor will each indemnify and hold the Owner harmless from any claims filed by their respective subconsultants, subcontractors, or suppliers for enforcement of construction liens or stop payment notices, provided the Owner has made payment to the Prime Consultant and General Contractor for the Work that is subject to the claim. Nothing contained in this Section will be construed to require the General Contractor or Prime Consultant to vacate, discharge, extinguish, or expunge any valid construction lien, stop notice, lis pendens, or other claim arising from the Owner’s non- payment or a valid dispute between the Parties or a dispute approved by PMT with a third party.
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Lien-Free Obligation. If any subcontractor, supplier, or consultant records or files, or maintains any action regarding a claim of mechanics lien, stop payment notice, or lis pendens relating to the Work or the property where the Project is situated, the Contractor or Architect, as applicable, will immediately procure, furnish, and record appropriate statutory release bonds that will extinguish or expunge the mechanics lien, stop payment notice, or lis pendens, provided the Owner has paid the Contractor or Architect for the Work and the Contractor or Architect failed to pay their respective consultants, subcontractors, or suppliers. If Architect or Contractor fails to make timely payments to their respective consultants, subcontractors, and suppliers as required, the Owner may settle or bond over those claims, or take other actions necessary to prevent a default under any other agreement affecting the Owner’s property or the Project, and Contractor or Architect, as applicable, will upon written demand reimburse Owner for any substantiated amounts that were necessary to satisfy Architect’s or Contractor’s obligation to satisfy, discharge, or defend against any claim of lien or stop payment notice. The Architect and Contractor will each indemnify and hold the Owner harmless from any claims filed by their respective consultants, subcontractors, or suppliers for enforcement of mechanics liens or stop payment notices, provided the Owner has made payment to the Architect and Contractor for the Work that is subject to the claim. Nothing contained in this Section will be construed to require the Contractor or Architect to provide release bonds for any valid mechanics lien, stop notice, lis pendens, or other claim due to the Owner’s non-payment or a valid dispute between the Parties.
Sample 1
Lien-Free Obligation. If any subcontractor, supplier, or consultant records or files, or maintains any action regarding a construction lien, or lis pendens relating to the Work or the property where the Project is situated, the Contractor or Architect, as applicable, will immediately have the construction lien, or lis pendens vacated and any action against the Owner dismissed, provided the Owner has paid the Contractor or Architect for the Work and the Contractor or Architect failed to pay their respective consultants, subcontractors, or suppliers. If Architect or Contractor fails to make timely payments to their respective consultants, subcontractors, and suppliers as required, the Owner may settle or vacate any claims, or take other actions necessary to prevent a default under any other agreement affecting the Owner’s property or the Project, and Contractor or Architect, as applicable, will upon written demand reimburse Owner for any substantiated amounts that were necessary to satisfy Architect’s or Contractor’s obligation to satisfy, discharge, or defend against any claim of lien, including but not limited to all legal fees and applicable interest. The Architect and Contractor will each indemnify and hold the Owner harmless from any claims filed by their respective consultants, subcontractors, or suppliers for enforcement of construction liens, provided the Owner has made payment to the Architect and Contractor for the Work that is subject to the claim. Nothing contained in this Section will be construed to require the Contractor or Architect to file bonds for any valid construction lien, lis pendens, or other claim due to the Owner’s non-payment or a valid dispute between the Parties.
Sample 1

Related to Lien-Free Obligation

  • Employee Obligation Provider shall require all employees and agents who have access to Student Data to comply with all applicable provisions of this DPA with respect to the data shared under this DPA. Provider agrees to require and maintain an appropriate confidentiality agreement from each employee or agent with access to Student Data pursuant to the DPA.

  • Licensee Obligations 3.1 The Licensee is responsible for the installation, operation and maintenance of telecommunication lines, equipment, software and other arrangements necessary for the Licensee to receive the Licensed Data from the LME.

  • Insurance Obligation During the Term of this Master Contract, Contractor shall possess and maintain in full force and effect, at Contractor’s sole expense, the following insurance coverages:

  • Employee Obligations Provider shall require all employees and agents who have access to Division data to comply with all applicable provisions of this DPA with respect to the data shared under the Service Agreement.

  • Insurance Obligations Borrower fails to promptly perform or comply with any of the covenants contained in the Loan Documents with respect to maintaining insurance, including the covenants contained in Section 4.4.

  • Additional Obligations The Company will use its best efforts to (a) register and qualify the Registrable Securities covered by a Registration Statement under such other securities or blue sky laws of such jurisdictions as each Investor who holds (or has the right to hold) Registrable Securities being offered reasonably requests, (b) prepare and file in those jurisdictions any amendments (including post-effective amendments) and supplements to such registrations and qualifications as may be necessary to maintain their effectiveness during the Registration Period, (c) take any other actions necessary to maintain such registrations and qualifications in effect at all times during the Registration Period, and (d) take any other actions reasonably necessary or advisable to qualify the Registrable Securities for sale in such jurisdictions. Notwithstanding the foregoing, the Company is not required, in connection such obligations, to (i) qualify to do business in any jurisdiction where it would not otherwise be required to qualify but for this Section 3.4, (ii) subject itself to general taxation in any such jurisdiction, (iii) file a general consent to service of process in any such jurisdiction, (iv) provide any undertakings that cause material expense or burden to the Company, or (v) make any change in its charter or bylaws, which in each case the Board of Directors of the Company determines to be contrary to the best interests of the Company and its stockholders.

  • Unconditional Obligations This is a guaranty of payment and not of collection. The Guarantors' Obligations under this Guaranty Agreement shall be absolute and unconditional irrespective of the validity, legality or enforceability of the Credit Agreement, the Notes or any other Loan Document or any other guaranty of the Borrower's Liabilities, and shall not be affected by any action taken under the Credit Agreement, the Notes or any other Loan Document, any other guaranty of the Borrower's Liabilities, or any other agreement between the Agent or the Lenders and the Borrower or any other Person, in the exercise of any right or power therein conferred, or by any failure or omission to enforce any right conferred thereby, or by any waiver of any covenant or condition therein provided, or by any acceleration of the maturity of any of the Borrower's Liabilities, or by the release or other disposal of any security for any of the Borrower's Liabilities, or by the dissolution of the Borrower or the combination or consolidation of the Borrower into or with another entity or any transfer or disposition of any assets of the Borrower or by any extension or renewal of the Credit Agreement, any of the Notes or any other Loan Document, in whole or in part, or by any modification, alteration, amendment or addition of or to the Credit Agreement, any of the Notes or any other Loan Document, any other guaranty of the Borrower's Liabilities, or any other agreement between the Agent or the Lenders and the Borrower or any other Person, or by any other circumstance whatsoever (with or without notice to or knowledge of any Guarantor) which may or might in any manner or to any extent vary the risks of such Guarantor, or might otherwise constitute a legal or equitable discharge of a surety or a guarantor; it being the purpose and intent of the parties hereto that this Guaranty Agreement and the Guarantors' Obligations hereunder shall be absolute and unconditional under any and all circumstances and shall not be discharged except by payment as herein provided.

  • On-Site Obligations If Red Hat personnel are working on Client’s premises (a) Client will provide a safe and secure working environment for Red Hat personnel, and (b) Red Hat will comply with all reasonable workplace safety and security standards and policies, applicable to Client’s employees, of which Red Hat is notified in writing by Client in advance.

  • Repayment Obligation In the event that any State and/or federal funds are deferred and/or disallowed as a result of any audits or expended in violation of the laws applicable to the expenditure of such funds, the Contractor shall be liable to the Agency for the full amount of any claim disallowed and for all related penalties incurred. The requirements of this paragraph shall apply to the Contractor as well as any subcontractors.

  • Client Obligations 3.1 The Client shall:

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