Common use of Landlord’s Lien/Security Interest Clause in Contracts

Landlord’s Lien/Security Interest. Tenant hereby grants Landlord a security interest, and this Lease constitutes a security agreement, within the meaning of and pursuant to the Uniform Commercial Code of the state in which the Premises are situated as to all of Tenant’s Property (except merchandise sold in the ordinary course of business) as security for all of Tenant’s obligations hereunder, including, without limitation, the obligation to pay rent.

Appears in 2 contracts

Samples: Multi Tenant Industrial Triple Net Lease (Chardan NexTech Acquisition 2 Corp.), Multi Tenant Industrial Triple Net Lease (Thorne Healthtech, Inc.)

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Landlord’s Lien/Security Interest. Tenant hereby grants Landlord a security interest, and this Lease constitutes a security agreement, within the meaning of and pursuant to the Uniform Commercial Code of the state in which the Premises are situated as to all of Tenant’s 's Property (except merchandise sold in the ordinary course of business) as security for all of Tenant’s 's obligations hereunder, including, without limitation, the obligation to pay rent.

Appears in 1 contract

Samples: Single Tenant Industrial Triple Net Lease (Velo3D, Inc.)

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Landlord’s Lien/Security Interest. Tenant hereby grants Landlord a security interest, and this Lease constitutes a security agreement, within the meaning of and pursuant to the Uniform Commercial Code of the state in which the Premises are situated as to all of Tenant’s Property (except merchandise sold in the ordinary course of business) as security for all of Tenant’s obligations hereunder, including, without limitation, the obligation to pay rent.. ​

Appears in 1 contract

Samples: Industrial Triple Net Lease (Chardan NexTech Acquisition 2 Corp.)

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