Common use of Mechanics Liens, Stop Notices, and Notices of Completion Clause in Contracts

Mechanics Liens, Stop Notices, and Notices of Completion. (a) If any claim of lien is filed against any portion of the Project Site or a stop notice is served on any other lender or other third party in connection any portion of the Project Site, the Improvements, then the Developer shall, within twenty (20) days after such filing or service, either pay and fully discharge the lien or stop notice, effect the release of such lien or stop notice by delivering to the City a surety bond in sufficient form and amount, or provide the City with other assurance satisfactory to the City that the claim of lien or stop notice will be paid or discharged.

Mechanics Liens, Stop Notices, and Notices of Completion. (a) If any claim of lien is filed against any portion of the Project Site Property or the Development or a stop notice is served on any other lender or other third party in connection any portion of with the Project Site, the ImprovementsDevelopment, then the Developer shallmust, within twenty (20) days after such filing or service, either pay and fully discharge or cause the Developer's contractor to pay and fully discharge, the lien or stop notice, effect the release of such lien or stop notice by delivering to the City a statutory surety bond in sufficient form and amountthat, or provide the City with other assurance reasonably satisfactory to the City that the claim of lien or stop notice will be paid or discharged.

Mechanics Liens, Stop Notices, and Notices of Completion. (a) If any claim of lien is filed against any portion of the Project Site Property or the Improvements or a stop notice affecting the City Loans is served on the City or any other lender or other third party in connection any portion of with the Project Site, the ImprovementsDevelopment, then the Developer shall, within twenty thirty (2030) days after such filing or service, either pay and or fully discharge the lien or stop notice, effect the release of such lien or stop notice by delivering to the City a surety bond from a surety acceptable to the City in sufficient form and amount, or provide the City with other assurance satisfactory to the City that the claim of lien or stop notice will be paid or discharged.

Mechanics Liens, Stop Notices, and Notices of Completion. (a) If any claim of lien is filed against any portion of the Project Site Property or the Development or a stop notice is served on any other lender or other third party in connection any portion of with the Project Site, the ImprovementsDevelopment, then the Developer shallmust, within twenty (20) days after such filing or service, either pay and fully discharge or cause the Developer's contractor to pay and fully discharge, the lien or stop notice, effect the release of such lien or stop notice by delivering to the City a surety bond from a surety reasonably acceptable to the City in sufficient form and amount, or provide the City with other assurance reasonably satisfactory to the City that the claim of lien or stop notice will be paid or discharged.