Common use of No Work Performed Clause in Contracts

No Work Performed. No labor or services have been performed by on behalf of Borrower or otherwise, and no materials have been furnished or delivered by on or behalf of Borrower or otherwise to, the Property prior to the recording the Deed of Trust, which could give rise to a Lien on the Property with priority equal to or greater than the Liens and security interests of the Deed of Trust or other Loan Documents. No party has any right to claim a mechanics or materialmens lien, whether statutory or constitutional, against the Property.

Appears in 4 contracts

Samples: Loan Agreement (United Development Funding Income Fund V), Loan Agreement (United Development Funding Income Fund V), Loan Agreement (United Development Funding Income Fund V)

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No Work Performed. No labor or services have been performed by or on behalf of Borrower or otherwiseotherwise with respect to, and no materials have been furnished or delivered by or on or behalf of Borrower or otherwise to, the Property prior to the recording of the Deed of Trust, which could give rise to a Lien on the Property with priority equal to or greater than the Liens and security interests of the Deed of Trust or other Loan Documents. No party has any right to claim a mechanics or materialmens lien, whether statutory or constitutional, against the Property.

Appears in 1 contract

Samples: Loan Agreement (United Development Funding Income Fund V)

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No Work Performed. No labor or services have been performed by on behalf of Borrower or otherwise, and no materials have been furnished or delivered by on or behalf of Borrower or otherwise to, to the Property prior to the recording the Deed of Trust, which could give rise to a Lien on the Property with priority equal to or greater than the Liens and security interests of the Deed of Trust or other Loan Documents. No party has any right to claim a mechanics or materialmens lien, whether statutory or constitutional, against the Property.

Appears in 1 contract

Samples: Loan Agreement (United Development Funding IV)

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