Builders Lien Act definition
Examples of Builders Lien Act in a sentence
The Contractor may claim monthly payment for the work completed, minus a 10% holdback, as per the Builders` Lien Act.
The Landlord may wish to post security under the provisions of the Builders Lien Act or any legislation replacing such Act.
In connection with the installation or alteration of Leasehold Improvements and trade fixtures and all other work or installations made by or for the Tenant in the Leased Premises, the Tenant shall comply with all the provisions of the Builders' Lien Act (British Columbia) and other statutes from time to time applicable thereto and, except as to any hold-back, shall promptly pay all accounts relating thereto.
The floating charge shall become a fixed charge when Seller proceeds to enforce payment; Upon default hereunder the Seller may exercise all rights and remedies available to it under the Personal Property Security Act (Yukon) and any similar statute in any other province or territory in Canada which affects the Goods; and The Seller may exercise all rights and remedies available to it under the Builders Lien Act (Yukon).
The Borrower shall use any funds in the holdback account only as permitted by the Builders Lien Act and shall not disburse funds from the holdback accounts until the expiry of all applicable lien filing periods.