Lien Laws Sample Clauses
The Lien Laws clause establishes the parties' obligations to comply with applicable laws governing liens, particularly those that may arise from labor, materials, or services provided during a project. In practice, this clause typically requires contractors or suppliers to ensure that no liens are filed against the property by their subcontractors or vendors, and may obligate them to promptly resolve or discharge any liens that do occur. Its core function is to protect the property owner from legal claims or encumbrances that could interfere with ownership or financing, thereby ensuring clear title to the property.
Lien Laws. Mortgagor will indemnify and hold Mortgagee and the Banks harmless against any loss or liability, cost or expense, including, without limitation, any judgments, attorney’s fees, costs of appeal bonds and printing costs, arising out of or relating to any proceeding instituted by any claimant alleging a violation by Mortgagor of any applicable lien law.
Lien Laws. Grantor will indemnify and hold Trustee, Beneficiary and the Lenders harmless against any loss or liability, cost or expense, including, without limitation, any judgments, attorney's fees, costs of appeal bonds and printing costs, arising out of or relating to any proceeding instituted by any claimant alleging a violation by Grantor of any applicable lien law.