Common use of Prohibition Against Liens Clause in Contracts

Prohibition Against Liens. Licensee shall not create a lien on or security interest in the Land, the Encroachment Area or Licensee's interest under this License whether by mortgage, deed of trust, collateral assignment or otherwise. Licensee shall not permit any liens to be placed on the Land or the Encroachment Area, but if the Encroachment Area or any part thereof, or Licensee’s interest therein, shall at any time during the term of this License become subject to any vendor’s, mechanic’s, laborer’s, or materialmen’s lien based upon the furnishing of material or labor to Licensee, Licensee shall cause the same, at Licensee’s expense, to be discharged or bonded over within thirty (30) days after notice thereof.

Prohibition Against Liens. Licensee shall not create a lien on or security interest in the LandLevee, the Encroachment Licensed Area or Licensee's interest under this License Agreement whether by mortgage, deed of trust, collateral assignment or otherwise. Licensee shall not permit any liens to be placed on the Land Levee or the Encroachment Licensed Area, but if the Encroachment Licensed Area or any part thereof, or Licensee’s interest therein, shall at any time during the term of this License Agreement become subject to any vendor’s, mechanic’s, laborer’s, or materialmen’s lien based upon the furnishing of material or labor to Licensee, Licensee shall cause the same, at Licensee’s expense, to be discharged or bonded over within thirty (30) days after notice thereof.

Prohibition Against Liens. Licensee shall not create a lien on or security interest in the Land, the Encroachment Area or Licensee's interest under this License whether by mortgage, deed of trust, collateral assignment or otherwise. Licensee shall not permit any liens to be placed on the Land or the Encroachment Area, but if the Encroachment Area or any part thereof, or Licensee’s interest therein, shall at any time during the term of this License become subject to any vendor’s, mechanic’s, laborer’s, or materialmen’s lien based upon the furnishing of material or labor to Licensee, Licensee shall cause the same, at Licensee’s expense, to be discharged or bonded over within thirty sixty (3060) days after notice thereof.

Prohibition Against Liens. Licensee shall not create a lien on or security interest in the Land, or the Encroachment Area Area; provided that Licensee may create a lien or a security interest in Licensee's interest under this License whether in favor of Licensee’s lender by mortgage, deed of trust, collateral assignment or otherwise. Licensee shall not permit any liens to be placed on the Land or the Encroachment Area, but if the Encroachment Area or any part thereof, or Licensee’s interest therein, thereof shall at any time during the term of this License become subject to any vendor’s, mechanic’s, laborer’s, or materialmen’s lien based upon the furnishing of material or labor to Licensee, Licensee shall cause the same, at Licensee’s expense, to be discharged or bonded over within thirty (30) days after notice thereof.

Prohibition Against Liens. Licensee shall not create a lien on or security interest in the Land, the Encroachment License Area or Licensee's interest under this License whether by mortgage, deed of trust, collateral assignment or otherwise. Licensee shall not permit any liens to be placed on the Land or the Encroachment License Area, but if the Encroachment License Area or any part thereof, or Licensee’s interest therein, shall at any time during the term of this License become subject to any vendor’s, mechanic’s, laborer’s, or materialmen’s lien based upon the furnishing of material or labor to Licensee, Licensee shall cause the same, at Licensee’s expense, to be discharged or bonded over within thirty (30) days after notice thereof; provided, however, Licensee shall also have the right to contest any such lien.

Prohibition Against Liens. Licensee shall not create a lien on or security interest in the Land, the Encroachment Area Licensed Areas or Licensee's interest under this License Agreement whether by mortgage, deed of trust, collateral assignment or otherwise. Licensee shall not permit any liens to be placed on the Land or the Encroachment AreaLicensed Areas, but if the Encroachment Area Licensed Areas or any part thereof, or Licensee’s interest therein, shall at any time during the term of this License Agreement become subject to any vendor’s, mechanic’s, laborer’s, or materialmen’s lien based upon the furnishing of material or labor to Licensee, Licensee shall cause the same, at Licensee’s expense, to be discharged or bonded over within thirty (30) days after notice thereof.