Common use of Priority of Lien Clause in Contracts

Priority of Lien. The Owner acknowledges, for itself and any and all future Owners, that the provisions of Section 5709.91 of the Ohio Revised Code, which specify that the Service Payments for each Parcel will be treated in the same manner as taxes for all purposes of the lien described in Section 323.11 of the Ohio Revised Code, including, but not limited to, the priority of the lien and the collection of Service Payments, will apply to this Agreement and to the Parcels and any Improvements thereon.

Appears in 5 contracts

Samples: Assignment and Assumption Agreement, Tax Increment Financing Agreement, Assignment and Assumption Agreement

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Priority of Lien. The Owner Company acknowledges, for itself and any and all future Owners, that the provisions of Section 5709.91 of the Ohio Revised Code, which specify that the Service Payments for each Parcel will be treated in the same manner as taxes for all purposes of the lien described in Section 323.11 of the Ohio Revised Code, including, but not limited to, the priority of the lien and the collection of Service Payments, will apply to this Agreement and to the Parcels and any Improvements improvements thereon.

Appears in 3 contracts

Samples: Tax Increment Financing Agreement, Tax Increment Financing Agreement, Tax Increment Financing Agreement

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