Lien Provisions Sample Clauses
A Lien Provisions clause establishes the rights and obligations related to liens that may be placed on a property or project, typically to secure payment for labor, materials, or services provided. It often outlines the procedures for notifying parties of a lien, the steps required to remove or discharge a lien, and the responsibilities of each party if a lien is filed. This clause is essential for protecting the interests of property owners and contractors by ensuring that any claims for unpaid work are handled transparently and efficiently, thereby minimizing the risk of disputes and project delays.
Lien Provisions. All property held or purchased shall be subject to a lien in your favor for the discharge of all my indebtedness and any other obligations that I may owe to you, however and whenever arising, and may be held by you as security for the payment of any such obligations or indebtedness to you in any account you maintain for me including any accounts in which I may have an interest. You are authorized without notice to me whenever you deem it advisable from time to time (a) to transfer interchangeably between any accounts I have with you any or all of the Property so held, without regard to whether you have in your possession or subject to your control other Property of the same kind and amount; (b) in the usual course of business pledge, repledge, hypothecate (either for the amount I owe you or for a greater or lesser sum) and lend the same to you as broker or to others from time to time, separately or commingled with Property carried for other clients and you shall not be required to deliver to me the same Property but only Property of the same kind and amount.
Lien Provisions. All Property held or purchased shall be subjected to a lien in your favor for the discharge of all my indebtedness and any other obligations that I may owe to you, however and whenever arising, and may be held by you as security for the payment of any such obligations or indebtedness to you in any account you maintain for me including any accounts in which I may have an interest.
Lien Provisions. 9.1. 9.1. All Assets held or purchased shall be subject to a lien in FHCIL’s favour for the discharge of all my indebtedness and any other obligations that I may owe to it, however and whenever arising, and may be held by FHCIL as security for the payment of any such obligations or indebtedness to it in any account it may maintain for me including any accounts in which I may have an interest.