Common use of LANDLORD'S SECURITY INTEREST Clause in Contracts

LANDLORD'S SECURITY INTEREST. As additional security for the faithful performance and observance by Tenant of all of the terms, provisions and conditions of this Lease, Tenant hereby grants to and creates on behalf of Landlord a security interest in all of Tenant’s equipment, fixtures, decorations, alterations, furniture, machinery, installations, additions, and improvements in the Premises. The security interest herein granted and any security interest of Landlord granted by statute shall be subordinate, solely as to furniture, trade fixtures and other personalty, to any purchase money security interest given by Tenant in connection with the financing of the purchase of the item of personalty in question. This Lease constitutes a security agreement under the Pennsylvania Uniform Commercial Code. Tenant agrees from time to time to execute and deliver such security agreements and financing statements as Landlord shall reasonably require to evidence and/or perfect the lien of the security interest granted herein, within five (5) days of Landlord’s request therefor. Upon the occurrence of any of the events enumerated in Section 17.1, above, Landlord may, at its option, foreclose on said security and apply the proceeds of the sale of the property covered thereby for the payment of all rent owing under this Lease or any other sum owing by Tenant under the terms of Section 17, above, including but not limited to any damages or deficiencies resulting from any reletting of the Premises, whether said damage or deficiency accrued before or after summary proceedings or other reentry by Landlord. Tenant covenants that it shall keep and maintain all fixtures, machinery, equipment, furnishings and other personalty at the Premises, whether or not the property of Tenant, in good, substantial and efficient operating condition (including replacement of same when necessary) at Tenant’s sole cost and expense, at all times during the Term of this Lease.

LANDLORD'S SECURITY INTEREST. As additional In addition to the statutory Landlord's Lien, Landlord shall have at all times a valid security for interest to secure payment of Rent and other sums of money becoming due hereunder from Tenant and to secure payment of any damages or losses which Landlord may suffer by reason of the faithful performance and observance breach by Tenant of any covenant, agreement or condition contained herein, upon all of the termsgoods, provisions and conditions of this Leasewares, Tenant hereby grants to and creates on behalf of Landlord a security interest in all of Tenant’s equipment, fixtures, decorations, alterations, furniture, machineryimprovements and other tangible personal property of Tenant presently, installationsor which may hereafter be, additionssituated on the Demised Premises, and improvements in all proceeds therefrom, and such property shall not be removed without the Premises. The security interest herein granted and any security interest consent of Landlord granted by statute until all arrearages in Rent as well as any and ail other sums of money then due to Landlord or to become due to Landlord hereunder shall be subordinatefirst have been paid and discharged and all the covenants, solely as to furniture, trade fixtures and other personalty, to any purchase money security interest given by Tenant in connection with the financing of the purchase of the item of personalty in question. This Lease constitutes a security agreement under the Pennsylvania Uniform Commercial Code. Tenant agrees from time to time to execute and deliver such security agreements and financing statements as Landlord shall reasonably require to evidence and/or perfect the lien of the security interest granted herein, within five (5) days of Landlord’s request thereforconditions hereof have been fully complied with and performed by Tenant. Upon the occurrence of any an event of the events enumerated in Section 17.1, abovedefault by Tenant, Landlord may, in addition to any other remedies provided, enter upon the Demised Premises and take possession of any and all goods, wares, equipment, fixtures, furniture, improvements and other tangible personal property of Tenant situated on the Demised Premises, without liability for trespass or conversion, and sell the same at its optionpublic or private sale, foreclose on said security and apply with or without having such property at the proceeds sale, after giving Tenant reasonable notice of the time and place of any public sale or of the time after which any private sale is to be made, at which sale Landlord or its assigns may purchase unless otherwise prohibited by law. Unless otherwise provided by law, and without intending to exclude any other manner of giving Tenant reasonable notice, the requirement of reasonable notice shall be met if such notice is given in the manner prescribed in this Lease at least seven (7) days before the time of sale. Any sale made pursuant to the provision of this paragraph shall be deemed to have been a public sale conducted in a commercially reasonable manner if held in the above-described premises or where the property is located after the time, and place and method of sale and a general description of the types of property to be sold have been advertised in a daily newspaper published in the county in which the property is located for five (5) consecutive days before the date of the sale. The proceeds from any such disposition, less any and all expenses connected with the taking of possession, holding and selling of the property covered thereby for (including reasonable attorney's fees and legal expenses), shall be applied as a credit against the payment indebtedness secured by the security interest granted in this paragraph. Any surplus shall be paid to Tenant or as otherwise required by law; Tenant shall pay any deficiencies forthwith. Upon request by Landlord, Tenant agrees to execute and deliver to Landlord a financing statement in form sufficient to perfect the security interest of all rent owing Landlord in the aforementioned property and proceeds thereof under this Lease the provision of the Uniform Commercial Code (or corresponding state statute or statutes) in force in the state in which the property is located, as well as any other sum owing by Tenant under state the terms laws of Section 17, above, including but not limited which Landlord may at any time consider to any damages or deficiencies resulting from any reletting of the Premises, whether said damage or deficiency accrued before or after summary proceedings or other reentry by Landlord. Tenant covenants that it shall keep and maintain all fixtures, machinery, equipment, furnishings and other personalty at the Premises, whether or not the property of Tenant, in good, substantial and efficient operating condition (including replacement of same when necessary) at Tenant’s sole cost and expense, at all times during the Term of this Leasebe applicable.

LANDLORD'S SECURITY INTEREST. As additional In addition to any landlord's lien arising at law or by statute, Landlord shall have, at al times, and Tenant hereby grants to Landlord a valid security for the faithful interest, to secure payment of Rent and other sums of money becoming due hereunder from Tenant, and to secure performance and observance by Tenant of any covenant, agreement or condition contained herein, in and upon all goods, wares, equipment, fixtures, furniture, improvements and other personal property of Tenant presently or which may hereafter be situated in the Premises, and all proceeds therefrom, and such property shall not be removed therefrom without the consent of Landlord until all arranges in Rent as well as any and all other sums of money then due to Landlord hereunder shall first have been paid and discharged and all of the termscovenants, provisions agreements, and conditions hereof have been fully complied with and performed by Tenant. This provision shall be considered a security agreement and, in consideration of this Lease, Tenant hereby grants upon the occurrence of an event of default by Tenant, Landlord may, in addition to any other remedies provided herein, exercise all remedies granted a "Secured Party" under the Uniform Commercial Code in force in the State of Georgia. Without limitation. Landlord may enter upon the Premises and creates on behalf tax possession of Landlord a security interest in any and all of Tenant’s goods, wares, equipment, fixtures, decorations, alterations, furniture, machinery, installations, additionsimprovements, and improvements other personal property of Tenant situated on or in the Premises, without liability for trespass or conversion, and sell the same at public or private sale, with or without having such property at the sale, after giving Tenant reasonable notice of the time and place of any public sale or of the time after which any private sale is to be made, for cash or on credit, or for such price and terms as Landlord deems best, at which sale the Landlord or its assigns may purchase unless otherwise prohibited by law. The security interest herein granted Unless otherwise provided by law, and without intending to exclude any security interest other manner of Landlord granted by statute giving Tenant reasonable notice, the requirement of reasonable notice shall be subordinate, solely as to furniture, trade fixtures and other personalty, to any purchase money security interest met if such notice is given by Tenant in connection with the financing manner prescribed in Section 12.1 of the purchase of the item of personalty in question. This this Lease constitutes a security agreement under the Pennsylvania Uniform Commercial Code. Tenant agrees from time to time to execute and deliver such security agreements and financing statements as Landlord shall reasonably require to evidence and/or perfect the lien of the security interest granted herein, within at least five (5) days before the time of Landlord’s request thereforsale. Upon the occurrence of any of the events enumerated in Section 17.1, above, Landlord maymay also, at its option, foreclose on said the lien created hereby in the manner and form provided for the foreclosure of security instruments or in any other manner permitted by law. The proceeds from any such disposition, less any and apply all expenses connected with the proceeds taking of the sale possession, holding and selling of the property covered thereby for (including reasonable attorneys' fees and other expenses), shall be applied as a credit against the payment indebtedness secured by the security interest granted in this Section 4.8. Any surplus shall be paid to Tenant or as otherwise required by law, and Tenant shall pay any deficiencies forthwith. Upon request by Landlord, Tenant agrees to execute and deliver to Landlord a financing statement or statements (and continuation statements as necessary) in form sufficient to perfect the security interest of all rent owing under this Lease or any other sum owing by Tenant Landlord in the aforementioned property and proceeds thereof under the terms of Section 17, above, including but not limited to any damages or deficiencies resulting from any reletting provisions of the PremisesUniform Commercial Code in force in the State of Georgia. Any statutory or common law lien for rent is not hereby waived, whether said damage or deficiency accrued before or after summary proceedings or other reentry by Landlord. Tenant covenants that it shall keep the security interest herein granted being in addition and maintain all fixtures, machinery, equipment, furnishings and other personalty at the Premises, whether or not the property of Tenant, in good, substantial and efficient operating condition (including replacement of same when necessary) at Tenant’s sole cost and expense, at all times during the Term of this Leasesupplementary thereto.

LANDLORD'S SECURITY INTEREST. As additional In addition to any landlord's lien arising at law or by statute, Landlord shall have, at all times, and Tenant hereby grants to Landlord a valid security for the faithful interest, to secure payment of Total Rent and other sums of money becoming due hereunder from Tenant, and to secure performance and observance by Tenant of any covenant, agreement or condition contained herein, in and upon all goods, wares, equipment, fixtures, furniture, improvements and other personal property of Tenant presently or which may hereinafter be situated in the Premises, and all proceeds therefrom, and such property shall not be removed therefrom without the consent of Landlord until all arranges in Total Rent as well as any and all other sums of money then due to Landlord hereunder shall first have been paid and discharged and all of the termscovenants, provisions agreements, and conditions hereof have been fully complied with and performed by Tenant. This provision shall be considered a security agreement and, in consideration of this Lease, Tenant hereby grants upon the occurrence of an Event of Default by Tenant, Landlord may, in addition to any other remedies provided herein, exercise all remedies granted a "Secured Party" under the Uniform Commercial Code in force in the State of Georgia. Without limitation, Landlord may enter upon the Premises and creates on behalf take possession of Landlord a security interest in any and all of Tenant’s goods, wares, equipment, fixtures, decorations, alterations, furniture, machinery, installations, additionsimprovements, and improvements other personal property of Tenant situated on or in the Premises, without liability for trespass or conversion, and sell the same at public or private sale, with or without having such property at the sale, after giving Tenant reasonable notice of the time and place of any public sale or of the time after which any private sale is to be made, for cash or on credit, or for such price and terms as Landlord deems best, at which sale the Landlord or its assigns may purchase unless otherwise prohibited by law. The security interest herein granted Unless otherwise provided by law, and without intending to exclude any security interest other manner of Landlord granted by statute giving Tenant reasonable notice, the requirement of reasonable notice shall be subordinate, solely as to furniture, trade fixtures and other personalty, to any purchase money security interest met if such notice is given by Tenant in connection with the financing manner prescribed in Section 8.1 of the purchase of the item of personalty in question. This this Lease constitutes a security agreement under the Pennsylvania Uniform Commercial Code. Tenant agrees from time to time to execute and deliver such security agreements and financing statements as Landlord shall reasonably require to evidence and/or perfect the lien of the security interest granted herein, within at least five (5) days before the time of Landlord’s request thereforsale. Upon the occurrence of any of the events enumerated in Section 17.1, above, Landlord maymay also, at its option, foreclose on said the lien created hereby in the manner and form provided for the foreclosure of security instruments or in any other manner permitted by law. The proceeds from any such disposition, less any and apply all expenses connected with the proceeds taking of the sale possession, holding and selling of the property covered thereby for (including reasonable attorneys' fees and other expenses), shall be applied as a credit against the payment indebtedness secured by the security interest granted in this Section 3.7. Any surplus shall be paid to Tenant or as otherwise required by law, and Tenant shall pay any deficiencies forthwith. Upon request by Landlord, Tenant agrees to execute and deliver to Landlord a financing statement or statements (and continuation statements as necessary) in form sufficient to perfect the security interest of all rent owing under this Lease or any other sum owing by Tenant Landlord in the aforementioned property and proceeds thereof under the terms of Section 17, above, including but not limited to any damages or deficiencies resulting from any reletting provisions of the PremisesUniform Commercial Code in force in the State of Georgia. Any statutory or common law lien for rent is not hereby waived, whether said damage or deficiency accrued before or after summary proceedings or other reentry by Landlord. Tenant covenants that it shall keep the security interest herein granted being in addition and maintain all fixtures, machinery, equipment, furnishings and other personalty at the Premises, whether or not the property of Tenant, in good, substantial and efficient operating condition (including replacement of same when necessary) at Tenant’s sole cost and expense, at all times during the Term of this Leasesupplementary thereto.

LANDLORD'S SECURITY INTEREST. As additional In addition to Landlord’s statutory Landlord's lien and any lien provided by common law, Landlord shall have at all times a valid security for interest to secure payment of all Rent and other sums of money becoming due hereunder from Tenant, and to secure payment of any damages or loss which Landlord may suffer by reason of the faithful performance and observance breach by Tenant of any covenant, agreement or condition contained herein, upon all of the termsgoods, provisions and conditions of this Leasewares, Tenant hereby grants to and creates on behalf of Landlord a security interest in all of Tenant’s equipment, fixtures, decorationsfurniture, alterationsimprovements and other personal property of Tenant presently, or which may hereafter be, situated on the Premises, and all proceeds therefrom, and such property shall not be removed without the consent of Landlord until all arrearages in Rent as well as any and all other sums of money then due to Landlord or to become due to Landlord hereunder shall first have been paid and discharged and all the covenants, agreements and conditions hereof have been fully complied with and performed by Tenant. Upon the occurrence of an event of default by Tenant, Landlord may, in addition to any other remedies provided herein, enter upon the Premises and take possession of any and all goods, wares, equipment, fixtures, furniture, machineryimprovements and other personal property of Tenant situated on the Premises, installations, additionswithout liability for trespass or conversion, and improvements sell the same at public or private sale, with or without having such property at the sale, after giving Tenant reasonable notice of the time and place of any public sale or of the time after which any private sale is to be made, at which sale the Landlord or its assigns may purchase unless otherwise prohibited by law. Unless otherwise provided by law, and without intending to exclude any other manner of giving Tenant reasonable notice, the requirement of reasonable notice shall be met if such notice is given in the Premises. The security interest herein granted and any security interest of Landlord granted by statute shall be subordinate, solely as to furniture, trade fixtures and other personalty, to any purchase money security interest given by Tenant manner prescribed in connection with the financing of the purchase of the item of personalty in question. This Lease constitutes a security agreement under the Pennsylvania Uniform Commercial Code. Tenant agrees from time to time to execute and deliver such security agreements and financing statements as Landlord shall reasonably require to evidence and/or perfect the lien of the security interest granted herein, within this lease at least five (5) days before the time of Landlord’s request thereforsale. Upon Any sale made pursuant to the occurrence provisions of any this Section shall be deemed to have been a public sale conducted in a commercially reasonable manner if held in the Premises or where the property is located after the time, place and method of sale and a general description of the events enumerated types of property to be sold have been advertised in Section 17.1, above, Landlord may, at its option, foreclose on said security and apply a daily newspaper published in the proceeds of the sale of county in which the property covered thereby is located, for the payment of all rent owing under this Lease or any other sum owing by Tenant under the terms of Section 17, above, including but not limited to any damages or deficiencies resulting from any reletting of the Premises, whether said damage or deficiency accrued before or after summary proceedings or other reentry by Landlord. Tenant covenants that it shall keep and maintain all fixtures, machinery, equipment, furnishings and other personalty at the Premises, whether or not the property of Tenant, in good, substantial and efficient operating condition (including replacement of same when necessary) at Tenant’s sole cost and expense, at all times during the Term of this Lease.five

LANDLORD'S SECURITY INTEREST. As additional In addition to the statutory Landlord's Lien, Landlord shall have at all times a valid security for interest to secure payment of Rent and other sums of money becoming due hereunder from Tenant and to secure payment of any damages or losses which Landlord may suffer by reason of the faithful performance and observance breach by Tenant of any covenant, agreement or condition contained herein, upon all of the termsgoods, provisions and conditions of this Leasewares, Tenant hereby grants to and creates on behalf of Landlord a security interest in all of Tenant’s equipment, fixtures, decorations, alterations, furniture, machineryimprovements and other tangible personal property of Tenant presently, installationsor which may hereafter be, additionssituated on the Demised Premises, and improvements in all proceeds therefrom, and such property shall not be removed without the Premises. The security interest herein granted and any security interest consent of Landlord granted by statute until all arrearages in Rent as well as any and all other sums of money then due to Landlord or to become due to Landlord hereunder shall be subordinatefirst have been paid and discharged and ail the covenants, solely as to furniture, trade fixtures and other personalty, to any purchase money security interest given by Tenant in connection with the financing of the purchase of the item of personalty in question. This Lease constitutes a security agreement under the Pennsylvania Uniform Commercial Code. Tenant agrees from time to time to execute and deliver such security agreements and financing statements as Landlord shall reasonably require to evidence and/or perfect the lien of the security interest granted herein, within five (5) days of Landlord’s request thereforconditions hereof have been fully complied with and performed by Tenant. Upon the occurrence of any an event of the events enumerated in Section 17.1, abovedefault by Tenant, Landlord may, in addition to any other remedies provided, enter upon the Demised Premises and take possession of any and all goods, wares, equipment, fixtures, furniture, improvements and other tangible personal property of Tenant situated on the Demised Premises, without liability for trespass or conversion, and sell the same at its optionpublic or private sale, foreclose on said security and apply with or without having such property at the proceeds sale, after giving Tenant reasonable notice of the time and place of any public sale or of the time after which any private sale is to be made, at which sale Landlord or its assigns may purchase unless otherwise prohibited by law. Unless otherwise provided by law, and without intending to exclude any other manner of giving Tenant reasonable notice, the requirement of reasonable notice shall be met if such notice is given in the manner prescribed in this Lease at least seven (7) days before the time of sale. Any sale made pursuant to the provision of this paragraph shall be deemed to have been a public sale conducted in a commercially reasonable manner if held in the above-described premises or where the property is located after the time, and place and method of sale and a general description of the types of property to be sold have been advertised in a daily newspaper published in the county in which the property is located for five (5) consecutive days before the date of the sale. The proceeds from any such disposition, less any and all expenses connected with the taking of possession, holding and selling of the property covered thereby for (including reasonable attorney's fees and legal expenses), shall be applied as a credit against the payment indebtedness secured by the security interest granted in this paragraph. Any surplus shall be paid to Tenant or as otherwise required by law; Tenant shall pay any deficiencies forthwith. Upon request by Landlord, Tenant agrees to execute and deliver to Landlord a financing statement in form sufficient to perfect the security interest of all rent owing Landlord in the aforementioned property and proceeds thereof under this Lease the provision of the Uniform Commercial Code (or corresponding state statute or statutes) in force in the state in which the property is located, as well as any other sum owing by Tenant under state the terms laws of Section 17, above, including but not limited which Landlord may at any time consider to any damages or deficiencies resulting from any reletting of the Premises, whether said damage or deficiency accrued before or after summary proceedings or other reentry by Landlord. Tenant covenants that it shall keep and maintain all fixtures, machinery, equipment, furnishings and other personalty at the Premises, whether or not the property of Tenant, in good, substantial and efficient operating condition (including replacement of same when necessary) at Tenant’s sole cost and expense, at all times during the Term of this Leasebe applicable.

LANDLORD'S SECURITY INTEREST. As additional Upon an Event of Default, in addition to any lien for rent available to the Landlord, the Landlord shall have, and the Tenant hereby grants to the Landlord, a continuing security for interest securing all rent and other sums of money becoming due hereunder from the faithful performance and observance by Tenant of Tenant, upon all of the termsTenant's accounts receivable, provisions inventory, equipment and conditions all other personal property located on the Demised Premises (“Collateral”), none of which may be removed from the Demised Premises without the Landlord's express, written consent so long as any rent or other such sums from time to time owed to the Landlord hereunder remain unpaid or another uncured Event of Default has occurred. Provided Tenant is not in default of this Lease, Tenant hereby grants Landlord agrees to and creates on behalf of Landlord a subordinate its security interest in the Collateral to the lien of purchase money lenders and any institution providing financing, subject to such lenders’ agreement to remove the Collateral prior to the expiration or earlier termination of the Term, to repair any damaged caused thereby to the Demised Premises, and other commercially reasonable terms and provisions. Subject to the aforesaid subordination, on the occurrence of an Event or Default, the Landlord shall have, in addition to any other remedies provided herein or by law, all of Tenant’s equipment, fixtures, decorations, alterations, furniture, machinery, installations, additions, the rights and improvements in remedies afforded to secured parties under the Premises. The security interest herein granted and any security interest of Landlord granted by statute shall be subordinate, solely as to furniture, trade fixtures and other personalty, to any purchase money security interest given by Tenant in connection with the financing provisions of the purchase of the item of personalty in question. This Lease constitutes a security agreement under the Pennsylvania Uniform Commercial Code, as codified in Pennsylvania (hereinafter referred to as the “Code”), including by way of example rather than of limitation (a) the right to sell the Tenant's said property at public or private sale upon ten (10) days' notice to the Tenant, and (b) the right to take possession of such property without resort to judicial process in accordance with the Code. The Tenant agrees shall, on its receipt of a written request therefore from time the Landlord, execute such financing statements and other instruments as are necessary or desirable, in the Landlord's judgment, to time to execute and deliver perfect such security agreements and interest. Landlord may file on Tenant’s behalf financing statements and amendments thereto in such form as may be reasonably acceptable to Landlord shall reasonably require to evidence and/or perfect the lien of the security interest granted herein, within five (5) days of Landlord’s request therefor. Upon the occurrence of any of the events enumerated cover collateral described in Section 17.1, above, Landlord may, at its option, foreclose on said security and apply the proceeds of the sale of the property covered thereby for the payment of all rent owing under this Lease or any other sum owing by Tenant under the terms of Section 17, above, including but not limited to any damages or deficiencies resulting from any reletting of the Premises, whether said damage or deficiency accrued before or after summary proceedings or other reentry by Landlord. Tenant covenants that it shall keep and maintain all fixtures, machinery, equipment, furnishings and other personalty at the Premises, whether or not the property of Tenant, in good, substantial and efficient operating condition (including replacement of same when necessary) at Tenant’s sole cost and expense, at all times during the Term of this Leaseproceeds thereof.

LANDLORD'S SECURITY INTEREST. As additional security for the faithful performance and observance by Tenant of all of the terms, provisions and conditions of this Lease, Tenant hereby grants to and creates on behalf of Landlord a security interest in all of Tenant’s 's equipment, fixtures, decorations, alterations, furniture, machinery, installations, additions, and improvements in the Premises. The security interest herein granted and any security interest of Landlord granted by statute shall be subordinate, solely as to furniture, trade fixtures and other personalty, to any purchase money security interest given by Tenant in connection with the financing of the purchase of the item of personalty in question. This Lease constitutes a security agreement under the Pennsylvania Uniform Commercial Code. Tenant agrees from time to time to execute and deliver such security agreements and financing statements as Landlord shall reasonably require to evidence and/or perfect the lien of the security interest granted herein, within five (5) days of Landlord’s 's request therefor. Upon the occurrence of any of the events enumerated in Section 17.1, above, Landlord may, at its option, foreclose on said security and apply the proceeds of the sale of the property covered thereby for the payment of all rent owing under this Lease or any other sum owing by Tenant under the terms of Section 17, above, including but not limited to any damages or deficiencies resulting from any reletting of the Premises, whether said damage or deficiency accrued before or after summary proceedings or other reentry by Landlord. Tenant covenants that it shall keep and maintain all fixtures, machinery, equipment, furnishings and other personalty at the Premises, whether or not the property of Tenant, in good, substantial and efficient operating condition (including replacement of same when necessary) at Tenant’s 's sole cost and expense, at all times during the Term term of this Lease.

LANDLORD'S SECURITY INTEREST. As additional security for the faithful performance and observance by Tenant of all of the terms, provisions and conditions of this Lease, Tenant hereby grants to and creates on behalf of Landlord a security interest in all of Tenant’s equipment, fixtures, decorations, alterations, furniture, machinery, installations, additions, additions and improvements improvement in the Premises. The security interest herein granted and any security interest of the Landlord granted by statute shall be subordinate, solely as to furniture, trade fixtures and other personalty, to any purchase money security interest given by Tenant in connection with the financing of the purchase of the item of personalty in question. This Lease constitutes a security agreement under the Pennsylvania Uniform Commercial Code. Tenant agrees from time to time to execute and deliver such security agreements and financing statements as Landlord shall reasonably require to evidence and/or perfect the lien of the security interest granted herein, within five (5) days of Landlord’s request therefor. Upon the occurrence of any of the events enumerated in Section 17.1default hereunder by Tenant, abovebeyond applicable notice and cure periods, Landlord may, at its option, foreclose on said security and apply the proceeds of the sale of the property covered thereby for the payment of all rent owing under this Lease or any other sum owing by Tenant under the terms of Section 17, Article 10 above, including including, but not limited to any damages or deficiencies resulting from any reletting of the Premises, whether said damage or deficiency accrued before or after summary proceedings or other reentry re-entry by Landlord. Tenant covenants that it shall keep and maintain all fixtures, machinery, equipment, furnishings and other personalty at the Premises, whether or not the property of Tenant, in good, substantial and efficient operating condition (including replacement of same when necessary) at Tenant’s sole cost and expense, at all times during the Term term of this Lease.