Common use of Assets of Tenant Clause in Contracts

Assets of Tenant. To secure the performance of Tenant’s obligations under this Lease, Tenant hereby grants to Landlord a security interest in and an express contractual lien upon all of Tenant’s equipment, furniture, furnishings, appliances, goods, trade fixtures, inventory, chattels and personal property which will be brought upon the Premises by Xxxxxx, and all after- acquired property, replacements and proceeds. Xxxxxxxx is authorized to prepare and file financing statements signed only by Landlord (as secured party) covering the security described above (but Xxxxxx hereby agrees to sign the same upon request). Upon any default under this Lease by Tenant as defined in Section 18.1 hereof, any or all of Tenant’s obligations to Landlord secured hereby shall, at Landlord’s option, be immediately due and payable without notice or demand. In addition to all rights or remedies of Landlord under this Lease and the law, including the right to a judicial foreclosure, Landlord shall have all the rights and remedies of a secured party under the Uniform Commercial Code of the State where the Center is located. Xxxxxxxx’s security interest shall be subordinate to the lien or security interest of any vendor or lessor of equipment or chattels upon the Premises or of any lender taking or succeeding to a purchase money security interest thereon, and upon Xxxxxx’s written request, if no default exists hereunder, Landlord shall execute Landlord’s standard instrument confirming such subordination. Should Tenant or Tenant’s lender or equipment lessor require modifications to such instrument, Tenant shall pay a Documentation Fee of One Hundred and 00/100 Dollars ($100.00). This security agreement and the security interest hereby created shall survive the termination of this Lease if such termination results from Tenant’s default. The above-described security interest and lien are in addition to and cumulative of the Landlord’s lien provided by the laws of the State where the Center is located.

Assets of Tenant. To secure the performance of Tenant’s ' obligations under this Leaselease, Tenant hereby grants to Landlord landlord a security interest in and an express contractual lien upon all of Tenant’s 's equipment, furniture, furnishings, appliances, goods, trade fixtures, inventory, chattels chattels, and personal persona property which will be brought upon the Premises premises by XxxxxxTenant, and all after- after acquired property, replacements and proceeds. Xxxxxxxx Landlord is authorized to prepare and file financing statements signed only by Landlord (as secured party) covering the security described above (but Xxxxxx Tenant hereby agrees to sign the same upon request). Upon any default under this Lease lease by Tenant as defined in Section 18.1 hereof, any or all of Tenant’s 's obligations to Landlord secured hereby shall, at Landlord’s 's option, be immediately due and payable without notice or demand. In addition to all rights or remedies of Landlord under this Lease and the law, including the right to a judicial foreclosure, Landlord shall have all the rights and remedies of a secured party part under the Arkansas Uniform Commercial Code of the State where the Center is locatedCode. Xxxxxxxx’s Landlord's security interest shall be subordinate to the lien or security interest of any vendor or lessor of equipment or chattels upon the Premises premises or of any lender taking or succeeding to a purchase money security interest thereon, and upon Xxxxxx’s Tenant's written request, if no default exists hereunder, Landlord shall execute Landlord’s standard an instrument confirming such subordination. Should Tenant or Tenant’s lender or equipment lessor require modifications to such instrumentUpon execution of this Lease, Tenant shall pay execute and deliver a Documentation Fee of One Hundred and 00/100 Dollars ($100.00)separate Financing Statement reflecting Landlord's security interest. This security agreement and the security interest hereby created shall survive the termination of this Lease if such termination results from Tenant’s 's default. The above-above described security interest and lien are in addition to and cumulative of the Landlord’s 's lien provided by the laws of the State where state in which the Center is located.