Common use of Lessor's Lien Clause in Contracts

Lessor's Lien. 16.1 Lessor shall have a lien on all Improvements and personal property placed on the Leased Premises, whether by Lessee or by others with permission of Lessor and Lessee, to secure payment of Annual Rent, Additional Rent or other payments due by Lessee to Lessor and performance of all other obligations of Lessee provided in this Lease, and all such property may be held by Lessor until the full amount of Annual Rent, Additional Rent, or other payments due by Lessee to Lessor shall have been fully paid or other obligations fully satisfied by Lessee. Should any amount thereof remain due and unpaid or other obligations not satisfied after the expiration of any cure period provided in this Lease, Lessor shall have the right to cancel this Lease, sell any such property at public or private sales and apply the proceeds to the amount due and to any costs incident to the sale, and turn over the balance, if any, to Lessee.