Common use of Lien Waivers Clause in Contracts

Lien Waivers. Borrower shall have obtained and attached to each application for an Advance, including the Advance to cover final payment to the General Contractor, executed acknowledgments of payments of all sums due and releases of mechanic's and materialmen's liens, satisfactory to Lender, from any party having lien rights, which acknowledgments of payment and releases of liens shall cover all work, labor, equipment, materials done, supplied, performed, or furnished prior to such application for an Advance.

Appears in 10 contracts

Samples: Construction Loan Agreement, Construction Loan Agreement (Shepherd's Finance, LLC), Construction Loan Agreement (Applied Optoelectronics, Inc.)

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Lien Waivers. Borrower shall have obtained and attached to each application for an Advance, including the Advance to cover final payment to the General Contractor, executed acknowledgments of payments of all sums due and releases of mechanic's ’s and materialmen's ’s liens, satisfactory to Lender, from any party having lien rights, which acknowledgments of payment and releases of liens shall cover all work, labor, equipment, materials done, supplied, performed, or furnished prior to such application for an Advance.

Appears in 1 contract

Samples: Construction Loan Agreement (Shepherd's Finance, LLC)

Lien Waivers. Borrower shall have obtained and attached to each application for an Advance, including the Advance to cover final payment to the General Contractorgeneral contractor, executed acknowledgments of payments of all sums due and releases of mechanic's and materialmen's liens, satisfactory to Lender, from any party having lien rights, which acknowledgments of payment and releases of liens shall cover all work, labor, equipment, materials done, supplied, performed, or furnished prior to such application for an Advance.

Appears in 1 contract

Samples: Construction Loan Agreement (Timberline Software Corporation)

Lien Waivers. Borrower shall have obtained and attached to each application for an Advance, including the Advance to cover final payment to the General Contractor, executed acknowledgments of payments payment of all sums due and releases of contractor’s, mechanic's ’s and materialmen's ’s liens, satisfactory to Lender, from any party having lien rights, which acknowledgments acknowledgements of payment and releases of liens shall cover all work, labor, equipment, materials done, supplied, performed, or furnished prior to such application for an Advance.

Appears in 1 contract

Samples: Loan Agreement (Wells Mid-Horizon Value-Added Fund I LLC)

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Lien Waivers. Borrower shall have obtained and attached to each application for an Advance, including the Advance to cover final payment to the General Contractor, executed acknowledgments acknowledgements of payments of all sums due and releases of mechanic's mechanics' and materialmen's liens, satisfactory to Lender, from any party having lien rights, which acknowledgments of payment and releases of liens shall cover all work, labor, equipment, materials done, supplied, performed, or furnished prior to such application for an Advance.

Appears in 1 contract

Samples: Construction Loan Agreement (Nevstar Gaming & Entertainment Corp)

Lien Waivers. Borrower shall have obtained and attached to each application for an Advance, including the Advance to cover final payment to the General Contractor, executed acknowledgments of payments payment of all sums due and releases of contractor’s, mechanic's ’s, and materialmen's ’s liens, satisfactory to Lender, from any party having lien rights, which acknowledgments acknowledgements of payment and releases of liens shall cover all work, labor, equipment, materials done, supplied, performed, or furnished prior to such application for an Advance.

Appears in 1 contract

Samples: Loan Agreement (Wells Mid-Horizon Value-Added Fund I LLC)

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