waiver of lien

waiver of lien

An instrument by which a person or organization who has or may have a right of mechanic’s lien against the property of another relinquishes such right. Also see mechanic’s lien and release of lien.
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What value did the debtor, here a contractor, receive from the creditor's waiver of lien rights in non-debtor property?
Competition in the construction industry was and is so fierce that owners and contractors were often able to get these contracts signed with waiver of lien rights when the contractors, subcontractors, and sub-subcontractors really did not wish to waive their lien rights, but felt compelled to do so in the competitive environment to get the work.
Subcontractor's Final Affidavit and Waiver of Lien, Form 7-740 (rev.
the Town owed Charwill more than the Town's exposure to Seacoast) by virtue of Seacoast's lien rights, Seacoast's waiver of lien rights in exchange for the Payments was new value that benefited Charwill, and would be a full defense to the Trustee's preference claim.
So we became very diligent in making sure that we sent them a waiver of lien for every single payment.
5) Furnishing a waiver of lien in advance of payment could result in a forfeiture of a lien by a lien claimant who inadvertently gave a waiver before payment.
This general rule on waivers also applies to waiver of lien rights in most states.
The lien waiver, or waiver of lien, is a common request made to you by your customer.
Waiver of liens will enable tribes to fully utilize those tribal lands and to devote future income from such lands to advance the health and welfare of tribal communities.
The bill entitled an Act to amend Part 3 of Article 8 of Chapter 14 of Title 44 of the Official Code of Georgia, revises certain time periods for filing mechanic's liens and provides for certain notices regarding waiver of liens or claim upon bonds.