OTHER LIENS AND ENCUMBRANCES. Subgrantee shall use no proceeds of this Subgrant to discharge any lien or other encumbrance.
OTHER LIENS AND ENCUMBRANCES. 15.1.1. If any mechanics’ liens or other liens or orders for the payment of money shall be filed against the Facilities, or any portion thereof, by reason of or arising out of any labor or material furnished or alleged to have been furnished or to be furnished to or for the Concessionaire, or for or by reason of any change, alteration or addition or the cost or expense thereof, or any contract relating thereto, or against the City as owner thereof, the Concessionaire shall within 30 days cause the same to be canceled and discharged of record, by bond or otherwise at the election and expense of the Concessionaire, and shall also defend on behalf of the City, at the Concessionaire’s sole cost and expense, any action, suit or proceeding which may be brought thereon or for the enforcement of such lien, liens, or orders.
OTHER LIENS AND ENCUMBRANCES. 16.1.1 If any mechanics’ liens or other liens or orders for the payment of money shall be filed against the Facilities, or any portion thereof, by reason of or arising out of any labor or material furnished or alleged to have been furnished or to be furnished to or for the Concessionaire, or for or by reason of any change, alteration or addition or the cost or expense thereof, or any contract relating thereto, or against the City as owner thereof, the Concessionaire shall within thirty (30) days cause the same to be canceled and discharged of record, by bond or otherwise at the election and expense of the Concessionaire, and shall also defend on behalf of the City, at the Concessionaire’s sole cost and expense, any action, suit or proceeding which may be brought thereon or for the enforcement of such lien, liens, or orders.
OTHER LIENS AND ENCUMBRANCES. Borrower shall use no proceeds of this Loan to discharge any lien or other encumbrance.
OTHER LIENS AND ENCUMBRANCES. 15.1.1 A lien cannot be placed on public real property. If any mechanics’ liens or other liens or orders for the payment of money shall be filed against the Facilities, or any portion thereof, (i) by reason of or arising out of any labor or material furnished or alleged to have been furnished or to be furnished to or for the Parking Operator, or (ii) for or by reason of any change, alteration, or addition or the cost or expense thereof, or any contract relating thereto, or against the City as owner thereof, then Parking Operator shall within 30 days cause the same to be canceled and discharged of record, by bond or otherwise at the election and expense of the Parking Operator, and shall also defend on behalf of the City, at the Parking Operator's sole cost and expense, any action, suit, or proceeding which may be brought thereon or for the enforcement of such lien, liens, or orders.
OTHER LIENS AND ENCUMBRANCES. Except for the payoff of the outstanding senior indebtedness owing to MidCap Financial which is intended to occur at the closing and funding of the Loan, Borrower shall use no proceeds of this Loan to refinance any other debt or discharge any lien or other encumbrance, without prior written approval of Lender.
OTHER LIENS AND ENCUMBRANCES. 13.1.1 If any mechanics' liens or other liens or orders for the payment of money shall be filed against the spaces set forth in Exhibit “A” or any portion thereof, by reason of or arising out of any labor or material furnished or alleged to have been furnished or to be furnished to or for the Concessionaire, or for or by reason of any change, alteration or addition or the cost or expense thereof, or any contract relating thereto, or against the City as owner thereof, the Concessionaire shall within thirty (30) days cause the same to be canceled and discharged of record, by bond or otherwise at the election and expense of the Concessionaire, and shall also defend on behalf of the City, at the Concessionaire's sole cost and expense, any action, suit or proceeding which may be brought thereon or for the enforcement of such lien(s), or orders.
OTHER LIENS AND ENCUMBRANCES. Borrower shall use no proceeds of this Loan to discharge any lien or other encumbrance except the present bridge loan used by the Borrower for acquisition of the Project.
OTHER LIENS AND ENCUMBRANCES. On or before the Closing Date, Seller shall cause any and all assessments, liens, and encumbrances affecting the Property and Assets, which are not Permitted Title Exceptions, including without limitation, any mechanic’s lien, security interest, mortgage or deed of trust, to be satisfied and released. The proceeds due at Closing may be applied by Purchaser or Seller to satisfy or pay any assessments, liens, encumbrances, interests or other charges affecting the Property, which are to be paid, satisfied or released pursuant to this Agreement,
OTHER LIENS AND ENCUMBRANCES. Create, incur, assume or suffer to exist, any Lien on or with respect to any real or personal property of any character (including accounts) whether now owned or hereafter acquired by any Borrower or any Member of the Company Group, or sign or file or suffer to exist, under the Uniform Commercial Code of any jurisdiction, a financing statement that names any Borrower or any Member of the Company Group as debtor, or sign or suffer to exist, any security agreement authorizing any secured party thereunder to file such financing statement, or assign any accounts or other right to receive income, excluding, however, Liens created in favor of the Lender or equipment Liens not to exceed $10,000 on financed equipment other than equipment Liens solely with respect to KPS which shall not exceed $100,000.
