Common use of Liens or Encumbrances Clause in Contracts

Liens or Encumbrances. The Government shall ensure that no MCC Funding, Accrued Interest, nor Program Assets shall be subject to any lien (each a “Lien,” attachment, enforcement of judgment, pledge, or encumbrance of any kind, except with the prior approval of MCC in accordance with Section 3(c) of Annex I, and in the event of the imposition of any Lien not so approved, the Government shall promptly seek the release of such Lien and shall promptly pay any amounts owed to obtain such release; provided, however, the Government shall apply national funds to satisfy its obligations under this Section 2.3(g) and no MCC Funding, Accrued Interest, nor Program Assets may be applied by the Government in satisfaction of its obligations under this Section 2.3(g).

Appears in 2 contracts

Samples: old.civil.ge, assets.mcc.gov

AutoNDA by SimpleDocs

Liens or Encumbrances. The Government shall ensure that no MCC Funding, Accrued Interest, nor Interest or Program Assets shall be subject to any lien (each a “Lien,” lien, attachment, enforcement of judgment, pledge, or encumbrance of any kindkind (each a “Lien”), except with the prior approval of MCC in accordance with Section 3(c) of Annex I, and in the event of the imposition of any Lien not so approved, the Government shall promptly seek the release of such Lien and shall promptly pay any amounts owed to obtain such release; provided, however, the Government shall apply national funds to satisfy its obligations under this Section 2.3(g) at its own expense and no MCC Funding, Accrued Interest, nor Interest or Program Assets may be applied by the Government in satisfaction of its obligations under this Section 2.3(g).

Appears in 2 contracts

Samples: mcavanuatu.gov.vu, assets.mcc.gov

Liens or Encumbrances. The Government shall ensure that no MCC Funding, Accrued Interest, nor or Program Assets shall be subject to any lien (each a “Lien,” lien, attachment, enforcement of judgment, pledge, or encumbrance of any kindkind (each a “Lien”), except with the prior approval of MCC in accordance with Section 3(c) of Annex I, and in the event of the imposition of any Lien not so approved, the Government shall promptly seek the release of such Lien and if required by final non-appealable order, shall promptly pay any amounts owed to obtain such release; provided, however, the Government shall apply national funds to satisfy its obligations under this Section 2.3(g) and no MCC Funding, Accrued Interest, nor or Program Assets may be applied by the Government in satisfaction of its obligations under this Section 2.3(g).

Appears in 2 contracts

Samples: assets.mcc.gov, assets.mcc.gov

Liens or Encumbrances. The Government shall ensure that no MCC Funding, Accrued Interest, nor or Program Assets shall be subject to any lien (each a “Lien,” lien, attachment, enforcement of judgment, pledge, or encumbrance of any kindkind (each a “Lien”), except with the prior approval of MCC in accordance with Section 3(c) of Annex I, and in the event of the imposition of any Lien not so approved, the Government shall promptly seek the release of such Lien and shall promptly pay any amounts owed to obtain such release; provided, however, the Government shall apply national funds to satisfy its obligations under this Section 2.3(g) and no MCC Funding, Accrued Interest, nor or Program Assets may be applied by the Government in satisfaction of its obligations under this Section 2.3(g).

Appears in 1 contract

Samples: assets.mcc.gov

Liens or Encumbrances. The Government shall ensure that no MCC Funding, Accrued Interest, nor or Program Assets shall be subject to any lien (each a “Lien,” lien, attachment, enforcement of judgment, pledge, or encumbrance of any kindkind (each, a “Lien”), except with the prior approval of MCC in accordance with Section 3(c) of Annex I, and in the event of the imposition of any Lien not so approved, the Government shall promptly seek the release of such Lien and shall promptly pay any amounts owed to obtain such release; provided, however, the Government shall apply national funds to satisfy its obligations under this Section 2.3(g) and no MCC Funding, Accrued Interest, nor or Program Assets may be applied by the Government in satisfaction of its obligations under this Section 2.3(g).

Appears in 1 contract

Samples: assets.mcc.gov

Liens or Encumbrances. The Government shall ensure that no MCC Funding, Accrued Interest, nor Interest or Program Assets shall be subject to any lien (each a “Lien,” lien, attachment, enforcement of judgment, pledge, or encumbrance of any kindkind (each a “Lien”), except with the prior approval of MCC in accordance with Section 3(c) of Annex I, and in the event of the imposition of any Lien not so approved, the Government shall promptly seek the release of such Lien and shall promptly pay any amounts owed to obtain such releaseLien; provided, however, the Government shall apply national funds to satisfy its obligations under this Section 2.3(g) at its own expense and no MCC Funding, Accrued Interest, nor Interest or Program Assets may be applied by the Government in satisfaction of its obligations under this Section 2.3(g).

Appears in 1 contract

Samples: assets.mcc.gov

AutoNDA by SimpleDocs

Liens or Encumbrances. The Government shall ensure that no No MCC Funding, Accrued Interest, nor Interest or other Program Assets Asset shall be subject to any lien (each a “Lien,” lien, attachment, enforcement of judgment, pledge, or encumbrance of any kindkind (each, a “Lien”), except with the prior approval of MCC in accordance with Section 3(c) of Annex I, and in I. In the event of the imposition of any Lien not so approved, the Government shall promptly seek the release of such Lien and and, if the Lien is not released within thirty (30) days of the imposition thereof, shall promptly pay any all amounts owed or take all other actions necessary to obtain such release; provided, however, that the Government shall apply national funds to satisfy its obligations under this Section 2.3(g) and no MCC Funding, Accrued Interest, nor Interest or other Program Assets Asset may be applied by the Government in satisfaction of its obligations under this Section 2.3(g). The Government shall ensure the due compliance and exact application thereof.

Appears in 1 contract

Samples: www.mcc.gov

Liens or Encumbrances. The Government shall ensure that no MCC Funding, Accrued Interest, nor or Program Assets shall be subject to any lien (each a “Lien,” lien, attachment, enforcement of judgment, pledge, or encumbrance of any kindkind (each a “Lien”) by any person or entity, including by any government entity, except with the prior approval of MCC in accordance with Section 3(c) of Annex I, and in I. In the event of the imposition of any Lien not so approved, the Government shall promptly seek the release of such Lien and shall promptly pay any amounts owed to obtain such release; provided, however, the Government shall apply national funds to satisfy its obligations under this Section 2.3(g) and no MCC Funding, Accrued Interest, nor or Program Assets may be applied by the Government in satisfaction of its obligations under this Section 2.3(g).

Appears in 1 contract

Samples: Grant Agreement

Liens or Encumbrances. The Government shall ensure that no MCC Funding, Accrued Interest, nor Interest or other Program Assets Asset shall be subject to any lien (each a “Lien,” lien, attachment, enforcement of judgment, pledge, or encumbrance of any kindkind (each a “Lien”), except with the prior approval of MCC in accordance with Section 3(c) of Annex I, and in I. In the event of the imposition of any Lien not so approved, the Government shall promptly seek the release of such Lien and and, if required by final non-appealable order, shall promptly pay any amounts owed to obtain such release; provided, however, the Government shall apply national funds to satisfy its obligations under this Section 2.3(g) and no MCC Funding, Accrued Interest, nor or other Program Assets Asset may be applied by the Government in satisfaction of its obligations under this Section 2.3(g).

Appears in 1 contract

Samples: assets.mcc.gov

Time is Money Join Law Insider Premium to draft better contracts faster.