Tenant Lien definition
Examples of Tenant Lien in a sentence
Tenant shall have the right to contest by proper proceedings any Tenant Lien, provided that Tenant shall prosecute such contest diligently and in good faith and such contest shall not expose Landlord to any civil or criminal penalty or liability in connection therewith.
The ▇▇▇▇ ▇▇▇▇ may be retained by Landlord until the Tenant Lien has been removed of record or until judgment has been rendered on such claim and such judgment has become final, at which time Landlord shall have the right to apply such ▇▇▇▇ ▇▇▇▇ in discharge of the judgment on the Tenant Lien and to any actual costs, including reasonable attorneys’ fees incurred by Landlord, and shall remit the balance thereof to Tenant.
If Tenant shall fail to cancel or discharge any Tenant Created Lien within the Tenant Lien Cure Period, Landlord may, at its sole ________________________________________________________________________________________________________________________ option, cancel or discharge the same, and upon Landlord’s demand, Tenant shall promptly reimburse Landlord for all reasonable costs incurred in canceling or discharging such liens.
Tenant, within 10 days of notice from Landlord, shall fully discharge any Tenant Lien by settlement, by bonding or by insuring over the lien in the manner prescribed by the applicable lien Law and, if Tenant fails to do so, Tenant shall be deemed in Default under this Lease and, in addition to any other remedies available to Landlord as a result of such Default by Tenant, Landlord, at its option, may bond, insure over or otherwise discharge the Tenant Lien.
If Tenant shall fail to cancel or discharge any Tenant Created Lien within the Tenant Lien Cure Period, Landlord may, at its sole option, cancel or discharge the same, and upon Landlord’s demand, Tenant shall promptly reimburse Landlord for all reasonable costs incurred in canceling or discharging such liens.
In the event Landlord elects to release or discharge such Tenant Lien pursuant to this section the cost of paying off the Tenant Lien shall not be considered unreasonable by Tenant for purposes of reimbursing Landlord.
Tenant shall reimburse Landlord for any amount reasonably paid by Landlord to remove a Tenant Lien, including, without limitation, reasonable attorneys’ fees.
The Sellers’ costs to remove or cause to be insured over any Monetary Lien Removal Obligation and any Tenant Lien, and to cure or cause to be insured over any Title Objection, may be paid out of the proceeds from the Closing.
The ▇▇▇▇ ▇▇▇▇ may be retained by Landlord until such Tenant Lien has been removed of record or until judgment has been rendered on such claim and such judgment has become final, at which time Landlord shall have the right to apply such ▇▇▇▇ ▇▇▇▇ in discharge of the judgment on such Tenant Lien and to any actual costs, including reasonable attorneys’ fees, incurred by Landlord, and shall remit the balance thereof to Tenant.
In the event Tenant fails to discharge any Tenant Lien encumbering the Premises or the Project within twenty (20) days after the filing thereof, Landlord may (but shall not be obligated to) cause such Tenant Lien to be released and discharged, in which event Tenant shall reimburse Landlord for all costs it incurs in connection therewith, including, but not limited to, reasonable attorneys’ fees.