Common use of Lessor’s Security Interest Clause in Contracts

Lessor’s Security Interest. The parties intend that if an Event of Default occurs under this Lease, Lessor will control Lessee's Personal Property and the Intangible Property so that Lessor or its designee or nominee can operate or re-let each Facility intact for its Primary Intended Use. Accordingly, to implement such intention, and for the purpose of securing the payment and performance obligations of Lessee hereunder, Lessor and Lessee agree as follows:

Lessor’s Security Interest. The parties intend that if this Lease is terminated due to an Event of Default occurs under this Lease, Lessor will control Lessee's Personal Property and the Intangible Property so that Lessor or its designee or nominee can operate or re-let each Facility the Leased Property intact for its Primary Intended Use. Accordingly, to implement such intention, and for the purpose of securing the payment and performance obligations of Lessee hereunder, Lessor and Lessee agree as follows:

Lessor’s Security Interest. The parties intend that if an Event of Default occurs under this Lease, Lessor will control Lessee's ’s Personal Property and the Lessee’s Intangible Property so that Lessor or its designee or nominee can operate or re-let each Facility intact for its Primary Intended Use. Accordingly, to implement such intention, and for the purpose of securing the payment and performance obligations of Lessee hereunder, Lessor and Lessee agree as follows:

Lessor’s Security Interest. The parties intend that if an Event of Default occurs under this Lease, Lessor will control Lessee's ’s Personal Property and the Lessee’s Intangible Property so that Lessor or its designee or nominee can operate or re-let each the Facility intact for its Primary Intended Use. Accordingly, to implement such intention, and for the purpose of securing the payment and performance obligations of Lessee hereunder, Lessor and Lessee agree as follows:

Lessor’s Security Interest. The parties intend that if an Event of Default occurs under this Lease, Lessor will control Lessee's ’s Personal Property and the Intangible Property so that Lessor or its designee or nominee can operate or re-let each Facility intact for its Primary Intended Use. Accordingly, to implement such intention, and for the purpose of securing the payment and performance obligations of Lessee hereunder, Lessor Xxxxxx and Lessee Xxxxxx agree as follows:

Lessor’s Security Interest. The parties intend that if an Event of Default occurs under this LeaseLease and this Lease is terminated by Lessor pursuant to Section 16.2, Lessor will control Lessee's Personal Property and the Intangible Property so that Lessor or its designee or nominee can operate or re-let each Facility the Leased Property intact for its Primary Intended Use. Accordingly, to implement such intention, and for the purpose of securing the payment and performance obligations of Lessee hereunder, Lessor and Lessee agree as follows: