Lien Law definition

Lien Law means the Lien Law of the State of New York.

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Lien Law means the Lien Law of the State.

Lien Law has the meaning set forth in Section 3.12 hereof.

Examples of Lien Law in a sentence

• Such documents shall be in a form reasonably satisfactory to Con ▇▇▇▇▇▇ and shall in all respects be read and interpreted consistent with Section 34 of the New York Lien Law (or its successor).

• I will receive all amounts lent to me by Lender subject to the trust fund provisions of Section 13 of the New York Lien Law.

• Such documents shall be in a form reasonably satisfactory to Con ▇▇▇▇▇▇ and shall in all respects be read and interpreted to be consistent with Section 34 of the New York Lien Law (or its successor).

• This means that I will: (A) hold all amounts which I receive and which I have a right to receive from Lender under the Consolidated Note as a “trust fund;” and (B) use those amounts to pay for “cost of improvement” (as defined in the New York Lien Law) before I use them for any other purpose.

• AND Grantor, in compliance with Section 13 of the Lien Law, covenants that Grantor will receive the consideration for this conveyance and will hold the right to receive such consideration as a trust fund to be applied first for the purpose of paying the cost of the improvements at the Premises and will apply the same first to the payment of the cost of the improvements before using any part of the total of the same for any other purpose.

More Definitions of Lien Law

Lien Law means the mechanics' lien laws of the State of Colorado, as amended from time to time.

Lien Law means California’s mechanics’ lien law, Section 3082 et. seq. of the California Civil Code, as amended from time to time, including the provisions of Sections 3156 through 3176.5 thereof regarding stop notices.

Lien Law means Chapter 713 of the Florida Statutes.

Lien Law shall have the meaning set forth in Section 4.13 of the Agreement.

Lien Law means the mechanics' lien laws of the State of Pennsylvania, as amended from time to time.

Lien Law means the lien law of the State as in effect from time to time, with respect to mechanic’s liens and lien priority. “Line Item” means a line item of cost or expense set forth in the Construction Budget, as the same may be adjusted in compliance with Section 2.1.11 or Section 5.1.3(c). “Liquidation Event” means the occurrence of any of the following (without implying that the any of the following are permitted hereunder other than as expressly provided here): (i) any Casualty to the Property or any material portion thereof, (ii) any Condemnation of the Property or any material portion thereof, (iii) a Transfer of the Property in connection with realization thereon following an Event of Default under the Mortgage Loan, including without limitation a foreclosure sale, (iv) any refinancing of the Property or the Mortgage Loan or (v) the receipt by Mortgage Borrower of any excess proceeds realized under its Owner’s Title Policy after application of such proceeds by Mortgage Borrower to cure any title defect.

Lien Law shall have the meaning set forth in Paragraph 9.1.2 of these General Conditions.