Common use of Mechanics’ Lien Clause in Contracts

Mechanics’ Lien. A lien for the performance of work or the supply of materials which is perfected against any of the Land remains unsatisfied or un-bonded or for which no other arrangements satisfactory to the Administrative Agent have been made for a period of thirty (30) days after notice to the Borrowers from any source of the filing of such Lien unless the Borrowers exclude the affected Eligible Project from the Borrowing Base.

Appears in 2 contracts

Sources: Financing and Security Agreement (Sunrise Assisted Living Inc), Financing and Security Agreement (Sunrise Assisted Living Inc)

Mechanics’ Lien. A lien for the performance of work or the supply of materials which is perfected against any of the Land remains unsatisfied or un-bonded or for which no other arrangements satisfactory to the Administrative Agent have been made for a period of thirty twenty (3020) days after notice to the Borrowers from any source date of the filing of such Lien perfection unless the Borrowers exclude Borrower excludes the affected Eligible Project from the calculation of the Borrowing Base.

Appears in 2 contracts

Sources: Financing and Security Agreement (Alternative Living Services Inc), Financing and Security Agreement (Alternative Living Services Inc)

Mechanics’ Lien. A lien for the performance of work or the supply of materials which is perfected against any of the Land remains unsatisfied or un-bonded or for which no other arrangements satisfactory to the Administrative Agent have been made for a period of thirty twenty (3020) days after notice to the Borrowers from any source date of the filing of such Lien perfection unless the Borrowers exclude the affected Eligible Project from the calculation of the Borrowing Base.

Appears in 2 contracts

Sources: Financing and Security Agreement (American Retirement Corp), Financing and Security Agreement (American Retirement Corp)

Mechanics’ Lien. A lien for the performance of work or the supply of materials which is perfected against any of the Land remains unsatisfied or un-bonded or for which no other arrangements satisfactory to the Administrative Agent have been made for a period of thirty twenty (3020) days after notice to the Borrowers from any source date of the filing of such Lien unless the Borrowers exclude the affected Eligible Project from the Borrowing Baseperfection.

Appears in 1 contract

Sources: Master Construction Loan Agreement (Sunrise Assisted Living Inc)

Mechanics’ Lien. A lien for the performance of work or the supply of materials which is perfected against any of the Land remains unsatisfied or un-bonded or for which no other arrangements satisfactory to the Administrative Agent have been made unbonded for a period of thirty twenty (3020) days after notice to the Borrowers from any source date of the filing of such Lien unless the Borrowers exclude the affected Eligible Project from the Borrowing Baseperfection.

Appears in 1 contract

Sources: Loan Agreement (Bioreliance Corp)

Mechanics’ Lien. A lien for the performance of work or the supply of materials which is perfected against any of the Land remains unsatisfied or un-bonded unbonded or for which no other arrangements satisfactory to the Administrative Agent Lender have been made for a period of thirty (30) days after notice to the Borrowers from any source of the filing of such Lien unless the Borrowers exclude the affected Eligible Project Facility from the Borrowing Base.

Appears in 1 contract

Sources: Financing and Security Agreement (Sunrise Assisted Living Inc)

Mechanics’ Lien. A lien for the performance of work or the supply of materials which is perfected against any of the Land remains unsatisfied or un-bonded unbonded or for which no other arrangements satisfactory to the Administrative Agent have been made for a period of thirty (30) days after notice to the Borrowers from any source of the filing of such Lien unless the Borrowers exclude the affected Eligible Project from the Borrowing Base.

Appears in 1 contract

Sources: Financing and Security Agreement (Sunrise Assisted Living Inc)

Mechanics’ Lien. A lien for the performance of work or the supply of materials which is perfected against any of the Land remains unsatisfied or un-bonded unbonded or for which no other arrangements satisfactory to the Administrative Agent have been made for a period of thirty (30) days after notice to the Borrowers from Borrowers, SDI or SAL▇▇ ▇▇om any source of the filing of such Lien unless the Borrowers exclude the affected Eligible Project from the Borrowing BaseLien.

Appears in 1 contract

Sources: Financing and Security Agreement (Sunrise Assisted Living Inc)