Common use of Payment of Mechanics and Materialmen Clause in Contracts

Payment of Mechanics and Materialmen. Grantor will pay, from time to time when the same shall become due, all lawful claims and demands of mechanics, materialmen, laborers, and others which, if unpaid, might result in, or permit the creation of, a lien on the Mortgaged Property or any part thereof, and in general will do or cause to be done everything necessary so that the lien hereof shall be fully preserved, at the cost of Grantor and without expense to Trustee or Beneficiary, other than those liens which Beneficiary or its affiliates have indemnified Grantor pursuant to the provisions set forth in the Agreement of Sale.

Appears in 5 contracts

Samples: Security Agreement (Apple Suites Inc), Security Agreement (Apple Suites Inc), Apple Suites Inc

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Payment of Mechanics and Materialmen. Grantor will pay, from time to ------------------------------------ time when the same shall become due, all lawful claims and demands of mechanics, materialmen, laborers, and others which, if unpaid, might result in, or permit the creation of, a lien on the Mortgaged Property or any part thereof, and in general will do or cause to be done everything necessary so that the lien hereof shall be fully preserved, at the cost of Grantor and without expense to Trustee or Beneficiary, other than those liens which Beneficiary or its affiliates have indemnified Grantor pursuant to the provisions set forth in the Agreement of Sale.

Appears in 2 contracts

Samples: Security Agreement (Apple Suites Inc), Apple Suites Inc

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Payment of Mechanics and Materialmen. Grantor will pay, from time to time when the same shall become due, all lawful claims and demands of mechanics, materialmen, laborers, and others which, if unpaid, might result in, or permit the creation of, a lien on the Mortgaged Property or any part thereof, and in general will do or cause to be done everything necessary so that the lien hereof shall be fully preserved, at the cost of Grantor and without expense to Trustee or Beneficiary, other than those liens which Beneficiary or its affiliates have indemnified Grantor pursuant to the provisions set forth in of the Agreement of Sale.

Appears in 1 contract

Samples: Security Agreement (Apple Suites Inc)

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