Common use of LANDLORD'S SECURITY INTEREST Clause in Contracts

LANDLORD'S SECURITY INTEREST. 7.2.1 The parties intend that if Tenant defaults under this Lease, Landlord will control the Tenant Personal Property and the Intangible Property (as defined in Section 7.4 below) so that Landlord or its designee can operate or re-let the Premises intact for use as a PCF.

Appears in 2 contracts

Samples: Lease Agreement (Sterling House Corp), Lease and Security Agreement (Sterling House Corp)

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LANDLORD'S SECURITY INTEREST. 7.2.1 The parties intend that if Tenant defaults under this Lease, Landlord will control the Tenant Personal Property and the Intangible Property (as defined in Section 7.4 below) so that Landlord or its designee can operate or re-let the Premises intact for use as a PCFRCH.

Appears in 1 contract

Samples: Lease Agreement (Sterling House Corp)

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