Common use of Lien Representation Clause in Contracts

Lien Representation. The Governmental Agency has disclosed the Source of Repayment is free and clear of any pledge, lien, charge, or encumbrance thereon, or with respect thereto, that is of equal rank with the obligation of the Governmental Agency Bond.

Lien Representation. The Governmental Agency has disclosed the Source of Repayment is free and clear of any pledge, lien, charge, or encumbrance thereon, or with respect thereto, that is prior to, or of equal rank with with, the obligation of the Governmental Agency Bond.