Lien Indemnity Sample Clauses
A Lien Indemnity clause requires one party to compensate the other if a lien is placed on the property or assets involved in the contract due to the indemnifying party’s actions or omissions. Typically, this clause applies in construction or real estate agreements, where contractors or suppliers might file liens for unpaid work or materials. By including this provision, the contract ensures that the property owner or principal is protected from financial loss or legal complications arising from third-party claims, thereby allocating the risk of liens to the responsible party and maintaining clear title to the property.
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Lien Indemnity. The Seller shall indemnify, defend and hold harmless the Buyer, its Affiliates, and its and their officers, employees, agents, Financing Parties and contractors (other than the Seller) against any and all liens filed in connection with performance of the Work under this Contract (including, without limitation, attorneys’ fees and expenses incurred in discharging such liens or similar encumbrances). If the Seller fails to immediately discharge any lien or similar encumbrance upon any Project or any part thereof, or any other property of the Seller, or property where such Project is located, or any Equipment or Services for which the Seller is responsible hereunder, the Seller shall satisfy or defend any such lien or similar encumbrance; provided, however, that the Seller shall have the right to submit a bond satisfactory to the Buyer and the Financing Parties in the amount of any such lien or encumbrance if the Seller, despite its commercially reasonable efforts, has been unable to obtain discharge hereof; and provided, further, that the Buyer shall not be required to accept any such bond in lieu of discharge at or after the Final Acceptance. If the Seller does not promptly satisfy such lien or similar encumbrance (or, where permitted, fails to provide the Buyer a bond in lieu thereof), the Buyer shall have the right, at its option and after notice to the Seller, to post a bond or pay or settle such lien or similar encumbrance by bond or agreement, and the Seller shall within ten (10) days after request of the Buyer, reimburse the Buyer for all direct costs incurred by the Buyer to post such bond, discharge such lien or similar encumbrance and/or pursue any other remedies, including administrative costs, attorney’s fees and other direct expenses.
Lien Indemnity. Each Party shall indemnify the other Party from and against all claims, losses, damages, liabilities and expenses resulting from any Liens filed against such other Party’s property as a result of the indemnifying Party’s breach of its obligations under Section 7(f)(i).
Lien Indemnity. Each PO shall contain provisions under which Seller shall indemnify each Owner from liens filed in connection with the performance of the work under a PO to the extent required payments have been made under the PO and such liens are not allowed by the PO.
Lien Indemnity. Lessee further covenants that it will at all times indemnify and hold Lessor harmless from and against any and all liens and charges of any and every nature and kind which may at any time be established against said premises, or any part thereof, as a consequence of any act of Lessee.
Lien Indemnity. Supplier shall keep the Project Site, Owner’s property, and any funds held by Owner free of any liens (including stop notices) of Supplier, and any SubSupplier. Should any such lien be asserted, Owner may, in its sole discretion (i) require Supplier, at Supplier’s expense, to furnish an appropriate bond or title indemnity in the amount of one hundred fifty percent (150%) of the lien; and/or (ii) withhold funds otherwise due Supplier equal to one hundred fifty percent (150%) of the lien amount to assure payment of such liens.
Lien Indemnity. Contractor shall indemnify and hold harmless Owner and defend it from and against any and all loss, costs, damages and expense arising out of or in connection with any and all liens filed in connection with the Work (except for liens filed as a result of Owner’s failure to pay in accordance with the terms of this Contract), including, without limitation, all expenses and reasonable attorneys’ fees incurred by Owner in discharging any liens or similar encumbrances. If Contractor shall fail to discharge promptly any lien or claim upon the Facility, any interest therein, or upon any materials, equipment or structures encompassed therein, or upon the premises upon which they are located, Owner may so notify Contractor in writing and Contractor shall then satisfy or defend any such liens or claims. If Contractor either does not promptly satisfy such liens or claims or does not give Owner reasons in writing satisfactory to Owner for not causing the release of such liens or paying such claims, Owner shall have the right, at its option, after written notification to Contractor, to cause the release, pay or settle such liens or claims, and Owner at its sole option may: (i) require Contractor to pay, within five (5) days of request by Owner, or (ii) offset against amounts due or to become due, including amounts held by Owner hereunder as retainage, to Contractor all costs and expenses incurred by Owner causing the release, paying or settling such liens or claims, including, without limitation, administrative costs, attorneys’ fees and other expenses. Contractor shall have the right to contest any such lien provided it first provides to Owner a bond or other assurances of payment reasonably satisfactory to Owner, in the amount of such lien in form and substance satisfactory to Owner.
Lien Indemnity. Contractor will defend, indemnify and hold harmless Target and the owner of the real property at the Site if not Target against any assertion of claims for mechanics’ liens or other encumbrances by Subcontractors and against any assertion of security interests by such suppliers of goods or materials. This indemnity obligation shall not apply to liens filed while a payment dispute between Target and Contractor is pending, if the lien so filed relates to the amount in dispute.