Common use of Notice of Lien or Assessment Clause in Contracts

Notice of Lien or Assessment. A notice of Lien or assessment in excess of One Million Dollars and NO/100 ($1,000,000.00) which is not a Permitted Exception is filed of record with respect to all or any part of any of Borrower’s assets, or any taxes or debts owing at any time or times hereafter to the United States, or any department, agency or instrumentality thereof, or by any state, county, municipal or other governmental agency, including the PBGC, becomes payable and the same is not paid or otherwise discharged within thirty (30) days after the same becomes payable, unless the same is being contested in accordance with the Loan Documents;

Appears in 2 contracts

Samples: Credit Agreement (Mid America Apartment Communities Inc), Credit Agreement (Mid America Apartment Communities Inc)

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Notice of Lien or Assessment. A notice of Lien or assessment in excess of One Million Dollars ONE MILLION and NO/100 Dollars ($1,000,000.00) which is not a Permitted Exception is filed of record with respect to all or any part of any of Borrower’s 's assets, or any taxes or debts owing at any time or times hereafter to the United States, or any department, agency or instrumentality thereof, or by any state, county, municipal or other governmental agency, including the PBGC, becomes payable and the same is not paid or otherwise discharged within thirty (30) days after the same becomes payable, unless the same is being contested in accordance with the Loan Documents;

Appears in 1 contract

Samples: Credit Agreement (Essex Property Trust Inc)

Notice of Lien or Assessment. A notice of Lien or assessment in excess of One Million Dollars and NO/100 ($1,000,000.001,000,000) which is not a Permitted Exception is filed of record with respect to all or any part of any of Borrower’s 's assets, or any taxes or debts owing at any time or times hereafter to the United States, or any department, agency or instrumentality thereof, or by any state, county, municipal or other governmental agency, including the PBGC, becomes payable and the same is not paid or otherwise discharged within thirty (30) days after the same becomes payable, unless the same is being contested in accordance with the Loan Documents;

Appears in 1 contract

Samples: Credit Agreement (Summit Properties Partnership L P)

Notice of Lien or Assessment. A notice of Lien or assessment in excess of One Two Million Dollars and NO/100 Dollars ($1,000,000.002,000,000) which is not a Permitted Exception is filed of record with respect to all or any part of any of Borrower’s 's assets, or any taxes or debts owing at any time or times hereafter to the United States, or any department, agency or instrumentality thereof, or by any state, county, municipal or other governmental agency, including the PBGC, becomes payable and the same is not paid or otherwise discharged within thirty (30) days after the same becomes payable, unless the same is being contested in accordance with the Loan Documents;

Appears in 1 contract

Samples: Credit Agreement (United Dominion Realty Trust Inc)

Notice of Lien or Assessment. A notice of Lien or assessment in excess of One Million Dollars and NO/100 ($1,000,000.001,000,000) which is not a Permitted Exception is filed of record with respect to all or any part of any of Borrower’s assets, or any taxes or debts owing at any time or times hereafter to the Assets by the United States, or any department, agency or instrumentality thereof, or by any state, county, municipal or other governmental agency, including the PBGC, or any taxes or debts owing at any time or times hereafter to any one of these becomes payable and the same is not paid or otherwise discharged within thirty (30) days after the same becomes payable, unless the same is being contested in accordance with the Loan Documents;.

Appears in 1 contract

Samples: Credit Agreement (Smith Charles E Residential Realty Lp)

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Notice of Lien or Assessment. A notice of Lien or assessment in excess of One Million Dollars and NO/100 ($1,000,000.00) which is not a Permitted Exception is filed of record with respect to all or any part of any of Borrower’s 's assets, or any taxes or debts owing at any time or times hereafter to the United States, or any department, agency or instrumentality thereof, or by any state, county, municipal or other governmental agency, including the PBGC, becomes payable and the same is not paid or otherwise discharged within thirty (30) days after the same becomes payable, unless the same is being contested in accordance with the Loan Documents;

Appears in 1 contract

Samples: Credit Agreement (Mid America Apartment Communities Inc)

Notice of Lien or Assessment. A notice of Lien or assessment in excess of One Million Dollars ONE MILLION and NO/100 Dollars ($1,000,000.00) which is not a Permitted Exception is filed of record with respect to all or any part of any of Borrower’s assets, or any taxes or debts owing at any time or times hereafter to the United States, or any department, agency or instrumentality thereof, or by any state, county, municipal or other governmental agency, including the PBGC, becomes payable and the same is not paid or otherwise discharged within thirty (30) days after the same becomes payable, unless the same is being contested in accordance with the Loan Documents;

Appears in 1 contract

Samples: Credit Agreement (Behringer Harvard Multifamily Reit I Inc)

Notice of Lien or Assessment. A Subject to Section 1.2.10, a notice of Lien or assessment in excess of One Million Dollars and NO/100 Dollars ($1,000,000.001,000,000) which is not a Permitted Exception is filed of record with respect to all or any part of any of Borrower’s assets, or any taxes or debts owing at any time or times hereafter to the United States, or any department, agency or instrumentality thereof, or by any state, county, municipal or other governmental agency, including the PBGC, becomes payable and the same is not paid or otherwise discharged within thirty (30) days after the same becomes payable, unless the same is being contested in accordance with the Loan Documents;

Appears in 1 contract

Samples: Credit Agreement (Steadfast Apartment REIT, Inc.)

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