Common use of LANDLORD'S SECURITY INTEREST Clause in Contracts

LANDLORD'S SECURITY INTEREST. (1) As security for the Tenant's performance of its obligations under this Lease, including but not limited to the payment of Rent and GST, the Tenant grants to the Landlord by way of security interest, mortgage, pledge, charge, assignment and hypothec a continuing security interest (the "Security Interest") in the Tenant's present and future undertaking and all of its present and after acquired personal property and assets including without limitation the assets described in Schedule G attached hereto and forming part hereof and all goods (including inventory), trade fixtures and other personal property of the Tenant located from time to time on the Leased Premises and any Leasehold Improvements which the Tenant effects on or in respect of the Leased Premises (collectively the "Collateral") . The Tenant may, however prior to the occurrence of an Event of Default, sell or dispose of its inventory to its customers in the ordinary course of business, in accordance with the terms and conditions of this Lease, without the consent of the Landlord. The Tenant will promptly execute additional documents and will provide additional information required by the Landlord from time to time in connection with the Security Interest. The Tenant authorizes the Landlord to file a financing statement and any other form of document required in connection with the Security Interest to perfect, protect or preserve its Security Interest. The Landlord's Security interest is in addition to and not in lieu of its right of distress.

LANDLORD'S SECURITY INTEREST. (1) As security for the Tenant's Tenants performance of its obligations under this Lease, including but not limited to the payment of Rent and GST, the Tenant grants to the Landlord by way of security interest, mortgage, pledge, charge, assignment and hypothec a continuing security interest (the "“Security Interest"”) in the Tenant's ’s present and future undertaking and all of its present and after acquired personal property and assets including without limitation the assets described in Schedule G attached hereto and forming part hereof and all goods (including inventory), trade fixtures and other personal property of the Tenant located from time to time on the Leased Premises and any Leasehold Improvements which the Tenant effects on or in respect of the Leased Premises (collectively the "“Collateral") ”). The Tenant maymay however, however prior to the occurrence of an Event of Default, sell sell, or dispose of its inventory to its customers in the ordinary course of business, in accordance with the terms and conditions of this Lease, without the consent of the Landlord. The Tenant will promptly execute additional documents and will provide additional information required by the Landlord from time to time in connection with the Security Interest. The Tenant authorizes the Landlord to file a financing statement and any other form of document required in connection with the Security Interest interest to perfect, protect or preserve its Security Interest. The Landlord's ’s Security interest Interest is in addition to and not in lieu of its right of distress.

LANDLORD'S SECURITY INTEREST. (1) As security for the Tenant's performance of its obligations under this Lease, including but not limited to the payment of Rent and GST, the Tenant grants to the Landlord by way of security interest, mortgage, pledge, charge, assignment and hypothec a continuing security interest (the "Security Interest") in the Tenant's present and future undertaking and all of its present and after acquired personal property and assets including without limitation the assets described in Schedule G "0" attached hereto and forming part hereof and all goods (including inventory), trade fixtures and other personal property of the Tenant located from time to time on the Leased Premises and any Leasehold Improvements which the Tenant effects on or in respect of the Leased Premises (collectively the "Collateral") ). The Tenant maymay however, however prior to the occurrence of an Event of Default, sell or dispose of its inventory to its customers customers, in the ordinary course of business, in accordance with the terms and conditions of this Lease, without the consent of the Landlord. The Tenant will promptly execute additional documents and will provide additional information required by the Landlord from time to time in connection with the Security Interest. The Tenant authorizes the Landlord to file a financing statement and any other form of document required in connection with the Security Interest to perfect, protect or preserve its Security Interest. The Landlord's Security interest Interest is in addition to and not in lieu of its right of distress.

LANDLORD'S SECURITY INTEREST. (1) As security for the Tenant's performance of its obligations under this Lease, including but not limited to the payment of Rent and GST, the Tenant grants to the Landlord by way of security interest, mortgage, pledge, charge, assignment and hypothec a continuing security interest (the "Security Interest") in the Tenant's present and future undertaking and all of its present and after acquired personal property and assets including without limitation the assets described in Schedule G "G" attached hereto and forming part hereof and all goods (including inventory), trade fixtures and other personal property of the Tenant located from time to time on the Leased Premises and any Leasehold Improvements which the Tenant effects on or in respect of the Leased Premises (collectively the "Collateral") ). The Tenant maymay however, however prior to the occurrence of an Event of Default, sell or dispose of its inventory to its customers customers, in the ordinary course of business, in accordance with the terms and conditions of this Lease, without the consent of the Landlord. The Tenant will promptly execute additional documents and will provide additional information required by the Landlord from time to time in connection with the Security Interest. The Tenant authorizes the Landlord to file a financing statement and any other form of document required in connection with the Security Interest to perfect, protect or preserve its Security Interest. The Landlord's Security interest Interest is in addition to and not in lieu of its right of distress.