Partial Lien Release definition
Partial Lien Release means a partial release of liens to be provided at the time of each payment of a portion of Landlord’s Contribution, other than the final payment of the Landlord's Contribution, and relating to payment for the portion of work for which the prior Landlord's Contribution was applied. Partial Lien Releases shall (i) be executed and delivered by Tenant’s Contractor and any and all subcontractors and/or materialmen supplying labor and/or materials in connection with the Tenant Work performed under the Tenant's Contractor's construction contract with Tenant, and (ii) be in form and substance reasonably satisfactory to Landlord
Partial Lien Release means a partial lien release in favor of each Vessel and the Owner, executed by the Builder and each Material Subcontractor or Supplier, in the form of Exhibit L-1 and L-2.
Examples of Partial Lien Release in a sentence
If required by the Company, the Contractor shall submit a completed and properly executed Partial Lien Release, as set forth in the Agreement, with each invoice, for the Work included in such invoice.
Lienor has executed and delivered this Partial Lien Release and Waiver as of , 201 .
In addition to the information required by Section 4.2, each invoice for a Progress Payment shall be accompanied by partial releases from liens from Contractor in the form of Exhibit Q, Form of Partial Lien Release, for all Work included in the invoice for such Progress Payment.