Common use of Equipment Not Fixtures Clause in Contracts

Equipment Not Fixtures. If, in the opinion of the Collateral Agent any of the Equipment is or may become part of any real property, the Grantor shall furnish to the Collateral Agent a written waiver by the record owner of such realty (immovable) of all interest in such Collateral and a written subordination to the Collateral Agent’s Security Interest by any Person who has a Lien on such realty (immovable) which is or may be superior to the Collateral Agent’s Security Interest hereunder.

Equipment Not Fixtures. If, in the opinion of the Collateral Agent Agent, any of the Equipment is or may become part of any real property, the Grantor Issuer shall furnish to the Collateral Agent a written waiver by the record owner of such realty (immovable) of all interest in such Collateral and a written subordination to the Collateral Agent’s Security Interest Interests by any Person who has a Lien (other than a Permitted Lien) on such realty (immovable) which is or may be superior to the Collateral Agent’s Security Interest Interests hereunder.

Equipment Not Fixtures. If, in the opinion of the Collateral Agent any of the Equipment is or may become part of any real property, the Grantor shall will furnish to the Collateral Agent a written waiver by the record owner of such realty (immovable) of all interest in such Collateral and a written subordination to the Collateral Agent’s 's Security Interest by any Person who has a Lien on such realty (immovable) which is or may be superior to the Collateral Agent’s 's Security Interest hereunder.

Equipment Not Fixtures. If, in the opinion of the Collateral Agent any of the Equipment is or may become part of any real property, the Grantor Issuer shall furnish to the Collateral Agent a written waiver by the record owner of such realty (immovable) of all interest in such Collateral and a written subordination to the Collateral Agent’s Security Interest Interests by any Person who has a Lien on such realty (immovable) which is or may be superior to the Collateral Agent’s Security Interest Interests hereunder.