Common use of Waiver of Liens Clause in Contracts

Waiver of Liens. SUPPLIER confirms that its entry into this Purchase Order is based solely upon the credit of BUYER and not based upon the credit on any of the vessels or other property owned or operated by BUYER, its subsidiaries, affiliates, and/or brands. SUPPLIER expressly waives any right to any lien (maritime or otherwise), and agrees that it, its parent, subsidiaries, affiliates, and related companies, and the owners, officers, directors, employees, agents, and subcontractors thereof, shall neither assert, prosecute, or execute a lien on, initiate or pursue any actions in rem against, or otherwise encumber or take action that may affect title to (collectively, “encumbrance”), any vessel or other property owned or operated by BUYER, its subsidiaries, affiliates, or related companies any matter arising from, related to, or in connection with this Purchase Order, including under the Xxxxx Act, and expressly waives any lien it might otherwise have had on any such vessel or other property. SUPPLIER agrees to defend, indemnify, and hold the Indemnified Party harmless from, and immediately (i) remove any lien or encumbrance, (ii) remedy any lien or encumbrance, or (iii) secure the release of any vessel or property from arrest, attachment, or seizure that may arise in conjunction with any such liens waived or prohibited by this Section 23. SUPPLIER agrees to obtain the same waiver of lien, and express waiver of reliance on the credit of any vessel set forth herein from any subcontractor used by SUPPLIER in connection with this Purchase Order.

Waiver of Liens. SUPPLIER confirms that its entry into this Purchase Order is based solely upon the credit of BUYER and not based upon the credit on any of the vessels or other property owned or operated by BUYER, its subsidiaries, affiliates, affiliates and/or brands. SUPPLIER expressly waives any right to any lien (a maritime or otherwise)lien, and agrees that it, its parent, subsidiaries, affiliates, and related companies, and the owners, officers, directors, employees, agents, agents and subcontractors thereof, shall will neither assert, prosecute, or execute a maritime lien on, initiate or pursue any actions in rem against, or otherwise encumber or take action that may affect title to (collectively, “encumbrance”), any vessel or other property owned or operated by BUYER, its subsidiaries, affiliates, or related companies and/or brands for any matter arising from, related to, or in connection with this Purchase OrderOrder or from employment on the any such vessel, including under the Xxxxx Act, and expressly waives any lien it might otherwise have had on any such vessel or other property. SUPPLIER agrees to defend, indemnify, and hold the Indemnified Party harmless from, and immediately (i) remove any lien or encumbrance, (ii) remedy any lien or encumbrance, or (iii) secure the release of any vessel or property from arrest, attachment, or seizure that may arise in conjunction with any such liens waived or prohibited by this Section 23vessel. SUPPLIER agrees to obtain the same waiver of lien, and express waiver of reliance on the credit of any vessel set forth herein in the first paragraph of this Section 24 from any subcontractor subcontractor, or supplier used by SUPPLIER to perform its obligations arising from, related to, or in connection with this Purchase Order.. SUPPLIER agrees to immediately remove any lien or encumbrance, or remedy any lien or encumbrance attempted or attempting to be asserted or prosecuted, including by Subcontractors, contrary to this Section

Waiver of Liens. SUPPLIER confirms that its entry into this Purchase Order is based solely upon the credit of BUYER and not based upon the credit on any of the vessels or other property owned or operated by BUYER, its subsidiaries, affiliates, affiliates and/or brands. SUPPLIER expressly waives any right to any lien (a maritime or otherwise)lien, and agrees that it, its parent, subsidiaries, affiliates, and related companies, and the owners, officers, directors, employees, agents, agents and subcontractors thereof, shall neither assert, prosecute, or execute a maritime lien on, initiate or pursue any actions in rem against, or otherwise encumber or take action that may affect title to (collectively, “encumbrance”), any vessel or other property owned or operated by BUYER, its subsidiaries, affiliates, or related companies and/or brands for any matter arising from, related to, or in connection with this Purchase OrderOrder or from employment on the any such vessel, including under the Xxxxx Act, and expressly waives any lien it might otherwise have had on any such vessel or other property. SUPPLIER agrees to defend, indemnify, and hold the Indemnified Party harmless from, and immediately (i) remove any lien or encumbrance, (ii) remedy any lien or encumbrance, or (iii) secure the release of any vessel or property from arrest, attachment, or seizure that may arise in conjunction with any such liens waived or prohibited by this Section 23vessel. SUPPLIER agrees to obtain the same waiver of lien, and express waiver of reliance on the credit of any vessel set forth herein in the first paragraph of this Section 24 from any subcontractor subcontractor, or supplier used by SUPPLIER to perform its obligations arising from, related to, or in connection with this Purchase Order.. SUPPLIER agrees to immediately remove any lien or encumbrance, or remedy any lien or encumbrance attempted or attempting to be asserted or prosecuted, including by Subcontractors, contrary to this Section