Liens and Other Charges. The Borrower will duly pay and discharge, or cause to be paid and discharged, before the same shall become overdue all claims for labor, materials, or supplies that if unpaid might by law become a lien or charge upon any of its property.
Liens and Other Charges. The Developer will duly pay and discharge, or cause to be paid and discharged, before the same become overdue all undisputed claims for labor, materials, or supplies that if unpaid might by law become a lien or charge upon the Project unless the Developer is lawfully protesting the same, in which case Developer will provide a suitable “mechanics xxxx xxxx” to discharge such lien from the Project.
Liens and Other Charges. 30 7.7 Inspection of Project and Books, Appraisals ................. 30 7.8 Compliance with Laws, Contracts, Licenses, and Permits ...... 31 7.9
Liens and Other Charges. 25 Section 5.6 Inspection of Project and Books, Appraisals. 25 Section 5.7 Compliance with Laws, Contracts, Licenses, and Permits. 25 Section 5.8 Use of Proceeds. 26 Section 5.9 Borrower to Pay Excess Project Costs. 26 Section 5.10 Laborers, Subcontractors and Materialmen. 26 Section 5.11 Further Assurance of Title. 27 Section 5.12 Publicity. 27 Section 5.13 Further Assurances. 27 Section 5.14 Notices. 28 Section 5.15 Solvency; Adequate Capital. The Borrower will: 28 TABLE OF CONTENTS PAGE Section 5.16 Management Contract. 28 Section 5.17 Negative Covenants of the Borrower. 29 Section 5.18 Arbitrage and Tax Matters. 30 Section 5.19 Indemnification. 31 Section 5.20 Agreements Between Borrower and its Affiliates. 33 Section 5.21 Sale of Bonds and Securitization. 33 Section 5.22 Funds. 35 Section 5.23 Covenants Regarding Tax Credits. 38 Section 5.24 Leasing. 40 Section 5.25 Compliance with Anti-Terrorism Regulations. 41 Section 5.26 Supplemental Agreement. 42 ARTICLE VI OPTION AND OBLIGATIONS OF BORROWER TO PREPAY 42 Section 6.1 Optional Prepayment. 42 Section 6.2 Mandatory Prepayment. 42 Section 6.3 Deposit of Prepayments. 43 Section 6.4 Cancellation at Expiration of Term. 43
Liens and Other Charges. 39 9.6 Inspection of Borrowing Base Assets, Other Real Estate Assets and Books, Appraisals . . 39 9.7 Compliance with Laws, Contracts, Licenses, and Permits . . . . . . . . . . . . . . . . . 40 9.8 Use of Proceeds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 9.9 Leases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 9.10
Liens and Other Charges. The Borrower will duly pay and discharge, or cause to be paid and discharged, before the same shall become overdue all claims for labor, materials, or supplies that if unpaid might by law become a lien or charge upon any of its property; provided that any such claim need not be paid if the validity or amount thereof shall currently be contested in good faith by appropriate proceedings and if the Borrower shall have set aside on its books adequate reserves with respect thereto; and provided further that the Borrower will pay all such liens and charges forthwith upon the commencement of proceedings to foreclose any lien that may have attached as security therefor.
Liens and Other Charges. Subject to Borrower’s right to contest as set forth in Section 10.12 and to bond as set forth in Section 14.1(d), Borrower will duly pay and discharge, or cause to be paid and discharged, before the same shall become overdue all claims for labor, materials, or supplies that if unpaid might by law become a lien or charge upon any of its property.
Liens and Other Charges. 5.16 That it will not permit, do or cause anything to be done to the Premises that would allow any lien, certificate of pending litigation, judgment or certificate of any court, or any mortgage, charge, conditional sales agreement, personal property security or other encumbrance to be imposed or remain on title to the Premises, or any part thereof. In the event of registration of any lien, charge, conditional sales agreement, personal property security or other encumbrance against the Premises, or part thereof, the Tenant shall, within 10 days notice thereof, and at its sole expense, immediately cause the same to be discharged whether by payment or security or other manner as may be permitted by law, and failing which the Landlord, may, but shall not be obliged to, make any payments required to procure the discharge of such lien, charge or encumbrance and the Tenant shall forthwith indemnify the Landlord for all amounts incurred by the Landlord in procuring discharge under this section 5.16, including, without limitation, legal fees on a solicitor and own client basis in connection therewith; Maintenance
Liens and Other Charges. The Borrower will duly pay and discharge, or cause to be paid and discharged, before the same shall become overdue all claims for labor, materials, or supplies that if unpaid might by law become a lien or charge upon any of its property, however, the Borrower may contest payment in good faith, provided that Borrower posts a xxxx xxxx if so requested by the Lender. Notwithstanding anything to the contrary herein contained, the Lender shall not withhold an advance under this Agreement (nor shall Borrower be deemed in violation of this Agreement) solely because the contractor or subcontractor to be paid from such advance has recorded or filed a statement of account under M.G.L. c. 254, Section 1 or a notice of contract under M.G.L. c. 254, Sections 2 or 4 provided the Lender receives from such contractor or subcontractor a Lien Waiver as provided herein.
Liens and Other Charges. The Developer will dutifully pay and discharge, or cause to be paid and discharged, before the same become overdue, all claims for labor, materials, or supplies in connection with an approved Subproject, including but not limited to those charges or assessments which, if unpaid might by law become a lien or charge upon an approved Subproject. The Developer may lawfully protest the same, in which case the Developer will provide a suitable “mechanics xxxx xxxx” to discharge such lien. Without limitation, throughout the term of this Agreement and any Phase Agreement, the Developer shall keep each approved Subproject free and clear of all liens and encumbrances except for those contemplated in this Agreement or the related Phase Agreement, or consented to by the City.
