Personal Property Lien Sample Clauses

Personal Property Lien. Intentionally Deleted.
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Personal Property Lien. As material consideration for Xxxxxxxx's entering into this Lease, Tenant hereby grants to Landlord a security interest for all amounts due from Tenant under this Lease upon all personal property of Tenant located on or about the Premises. Any such property shall not be removed (except in the ordinary course of Tenant's business) without the prior written consent of Landlord, until such time as all amounts due to Landlord under this Lese shall have been paid in full. Upon the occurrence of any Event of Default by Tenant hereunder, Landlord shall have the option, in addition to any other rights or remedies it may have, to enter the Premises and take possession of any such personal property of Tenant and to sell the same at public or private sale in accordance with applicable provisions of the California Uniform Commercial Code, at which sale Landlord or its assigns may purchase such property and apply the proceeds, less expenses of taking possession and sale, as a credit against any sums due by Tenant to Landlord hereunder. Any surplus remaining after such sale shall be paid to Tenant. Simultaneously with the execution of this Lease, or at such other time as Landlord may request, Tenant shall execute a UCC-1 Financing Statement in form suitable for filing with the California Secretary of State (or such other filing offices as Landlord may deem appropriate).
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Personal Property Lien. Landlord is hereby granted a lien on all personal property which Tenant(s) have on the Premises for the value of all rents, additional rents, and any other charges and fees due hereunder, including all court costs, expenses and attorney’s fees, whether said attorney’s fees are incurred pre-suit, during suit, or post-judgment. Landlord shall not be liable for trespass or conversion in asserting such lien, and Tenant(s) hereby grant Landlord permission to enter the Premises without notice, whether Tenant(s) have vacated or not, to remove and assert dominion over items of Tenant’s personal property located therein. Landlord may remove all such personal property even if the value thereof exceeds the amount owed, without being liable for damages. Landlord shall not be considered a voluntary or involuntary bailee of any personal property which is held pursuant to Landlord’s lien, and which Landlord has thereafter stored, and Landlord shall not be liable for any damages to such personal property unless caused by gross negligence on Landlord’s part. All storage or other holding costs incurred by Landlord as a result of asserting the Landlord’s lien shall be the responsibility of the Tenant(s) and shall be due as additional rent.
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Personal Property Lien. Tenant grants management a lien and security interest on all personal property stored in the leased space for rent and other charges related to the personal property, including expenses necessary to the preservation, removal, storage and preparation for sale and the sale of the personal property. Management may satisfy the lien by selling the personal property as provided for in section 704.90
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Personal Property Lien. Policy Studies Inc. (the “Borrower”) has entered into a Credit and Security Agreement with Key Bank National Association (the “Lender”) under which the Lender holds a first priority security interest in all of the Borrower’s personal property of every kind and nature including without limitation all inventory, accounts, equipment, general intangibles, instruments, documents, and investment property of the Borrower, whether now owned or hereafter acquired, all together with all substitutions and replacements for and products and proceeds thereof (the “Collateral”). The interests of the Landlord under the lease, if any, in the personal property of the Borrower are subject to the Lender’s prior interest in the Collateral under the Credit Agreement. Landlord’s obligations to the Lender with respect to the Collateral on the Premises under the lease are not greater than the Landlord’s obligation to the Borrower with respect to the Collateral under the terms of the Lease. Under no circumstances shall the term “Collateral” be deemed to include any leasehold improvements, including, without limitation, light fixtures, floor coverings, plumbing, HVAC, and other similar items.
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Personal Property Lien. Tenant hereby grants to landlord a lien on and security interest in all of Tenant's personal property and fixtures (and proceeds thereof) now or hereinafter located in the leased premises or the improvements on the leased premises for the payment of all rentals, charges and expenses due or to become due pursuant hereto, except for those items leased by Tenant from third parties. Said lien shall attach to such property only in the event of Tenant's default, and said lien shall continue unless the default is cured with 30 days following default. Tenant hereby specifically waives any and all exemptions to such lien allowable by law. Upon default of Tenant in the payment of any rental expenses or other charge due under the terms hereof, Landlord may take possession of any or all of the said personal property and fixtures either to its own use or for the purpose of selling said property at a public or private sale, and out of the money derived from such sale Landlord shall pay the amount due Landlord for the said rent expenses and charges and all costs growing out of the enforcement of this lien, including reasonable attorneys' fees, paying the surplus, if any, to Tenant. If the property or any portion thereof is offered for sale, Landlord may become the purchaser of the property.
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Related to Personal Property Lien

  • Personal Property In addition to the real property described in Section II, the Seller shall include the following personal property: _ The real property in Section II and any personal property in Section III shall be collectively known as the “Property”.

  • Real Property; Personal Property (a) On the Disaffiliation Date, Local Church will have full title and ownership of the Real Property and Personal Property. The parties shall ensure all necessary transfers or other transactions relating to the above properties are completed on or prior to the Disaffiliation Date. Any costs resulting from such transfers or other transactions shall be borne by Local Church. Annual Conference shall fully cooperate with Local Church, as needed and applicable, to ensure that such transfers and other transactions convey all of Annual Conference’s interest – both for itself and on behalf of The United Methodist Church – in the Real Property and Personal Property, both tangible and intangible, of Local Church.

  • Personal Property Leases Schedule 5.10 contains, as of the date of this Agreement, a list of each lease or other agreement or right under which the Company or any of the Subsidiaries is lessee of, or holds or operates, any machinery, equipment, vehicle or other tangible personal property owned by a third Person, except those which are terminable by the Company or such Subsidiary without penalty on 90 days’ or less notice or which provide for annual rental payments of less than $250,000.

  • Personal Property Collateral The Administrative Agent shall have received, in form and substance satisfactory to the Administrative Agent:

  • Real Property; Leasehold Neither the Company nor any of its Subsidiaries owns or has ever owned any real property. The Company has made available to Parent (a) an accurate and complete list of all real properties with respect to which the Company directly or indirectly holds a valid leasehold interest as well as any other real estate that is in the possession of or leased by the Company or any of its Subsidiaries, and (b) copies of all leases under which any such real property is possessed (the “Company Real Estate Leases”), each of which is in full force and effect, with no existing material default thereunder. The Company’s use and operation of each such leased property conforms to all applicable Laws in all material respects, and the Company has exclusive possession of each such leased property and has not granted any occupancy rights to tenants or licensees with respect to such leased property. In addition, each such leased property is free and clear of all Encumbrances other than Permitted Encumbrances. The Company has not received written notice from its landlords or any Governmental Body that: (i) relates to violations of building, zoning, safety or fire ordinances or regulations; (ii) claims any defect or deficiency with respect to any of such properties; or (iii) requests the performance of any repairs, alterations or other work to such properties.

  • Leased Personal Property Other than Personal Property owned by the Company or the Company Subsidiary, the Company or the Company Subsidiary has good and valid leasehold title to all of the tangible personal property Assets used by the Company or the Company Subsidiary, free and clear of any and all Encumbrances other than Permitted Encumbrances which would not permit the termination of the lease therefor by the lessor. Disclosure Schedule 3.9(c) sets forth all Leases for personal property. With respect to each Lease listed on Disclosure Schedule 3.9(c), (i) there has been no breach or default under such Lease by the Company, the Company Subsidiary or by any other party, (ii) the execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby will not cause (with or without notice and with or without the passage of time) a default under any such Lease, (iii) such Lease is a valid and binding obligation of the applicable lessor, is in full force and effect and is enforceable by the Company or the Company Subsidiary in accordance with its terms, (iv) no action has been taken by the Company or the Company Subsidiary and no event has occurred which, with notice or lapse of time or both, would permit termination, modification or acceleration by a party thereto other than by the Company or the Company Subsidiary without the consent of the Company or the Company Subsidiary, (v) no party has repudiated any term thereof or threatened to terminate, cancel or not renew any such Lease, and (vi) neither the Company nor the Company Subsidiary has assigned, transferred, conveyed, mortgaged or encumbered any interest therein or in any leased property subject thereto (or any portion thereof).

  • Real Property Interests Except for leasehold interests disclosed on Schedule 3.20, and except for the ownership or other interests set forth on Schedule 3.20, no Credit Party has, as of the Closing Date, any ownership, leasehold or other interest in real property. Schedule 3.20 sets forth, with respect to each parcel of real estate owned by any Credit Party as of the Closing Date, the address and legal description of such parcel.

  • Real Property; Fixtures Each Grantor covenants and agrees that upon the acquisition of any fee interest in Real Property having a fair market value in excess of $1,000,000 it will promptly (and in any event within two (2) Business Days of acquisition) notify Agent of the acquisition of such Real Property and will grant to Agent, for the benefit of the Lender Group and the Bank Product Providers, a first priority Mortgage on each fee interest in Real Property now or hereafter owned by such Grantor and shall deliver such other documentation and opinions, in form and substance satisfactory to Agent, in connection with the grant of such Mortgage as Agent shall request in its Permitted Discretion, including title insurance policies, financing statements, fixture filings and environmental audits and such Grantor shall pay all recording costs, intangible taxes and other fees and costs (including reasonable attorneys fees and expenses) incurred in connection therewith. Each Grantor acknowledges and agrees that, to the extent permitted by applicable law, all of the Collateral shall remain personal property regardless of the manner of its attachment or affixation to real property;

  • Fixtures and Personal Property All machinery, equipment, fixtures (including, but not limited to all heating, air conditioning, plumbing, lighting, communications and elevator fixtures) and other property of every kind and nature whatsoever owned by Borrower, or in which Borrower has or shall have an interest, now or hereafter located upon the Land or the Improvements, or appurtenant thereto, and used in connection with the present or future operation and occupancy of the Land and the Improvements and all building equipment, materials and supplies of any nature whatsoever owned by Borrower, or in which Borrower has or shall have an interest, now or hereafter located upon the Land and the Improvements, or appurtenant thereto, or used in connection with the present or future operation and occupancy of the Land and the Improvements (collectively, the "Personal Property"), and the right, title and interest of Borrower in and to any of the Personal Property which may be subject to any security interests, as defined in the Uniform Commercial Code, as adopted and enacted by the state or states where any of the Property is located (the "Uniform Commercial Code"), superior in lien to the lien of this Security Instrument and all proceeds and products of the above;

  • Other Personal Property Unless at the time the Secured Party takes possession of any tangible Collateral, or within seven days thereafter, the Debtor gives written notice to the Secured Party of the existence of any goods, papers or other property of the Debtor, not affixed to or constituting a part of such Collateral, but which are located or found upon or within such Collateral, describing such property, the Secured Party shall not be responsible or liable to the Debtor for any action taken or omitted by or on behalf of the Secured Party with respect to such property.

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