Common use of LIEN FOR RENT Clause in Contracts

LIEN FOR RENT. To secure the payment of rental and other charges required to be made by Lessee hereunder, and the faithful performance of all other covenants of this Agreement required to be performed by Lessee, Lessee hereby gives to Lessor security interest in and to all property which may be placed in or upon the Leased Premises and the proceeds of any insurance which may accrue to Lessee by reason of damage to or destruction of any such property. All exemption laws are hereby waived by Lessee. This security interest is given in addition to the Lessor's statutory lien(s) and shall be cumulative thereto. This security interest may be foreclosed with or without Court proceedings, by public or private sale, with or without notice, and Lessor shall have the right to become purchaser upon being the highest bidder at such sale. Upon request of Lessor, Lessee agrees to execute Uniform Commercial Code financing statements relating to the aforesaid security interest.

LIEN FOR RENT. To secure the payment of rental and other charges required to be made by Lessee hereunderLessee, and the faithful performance of all other covenants of this the Lease Agreement required to be performed by Lessee, Lessee hereby gives to Lessor security interest in and to all property which may be placed in or upon the Leased Premises and the proceeds of any insurance which may accrue to Lessee by reason of damage to or destruction of any such property. All exemption laws are hereby waived by Lessee. This security interest is given in addition to the Lessor's statutory lien(s) and shall be cumulative thereto. This security interest may be foreclosed with or without Court proceedings, by public or private sale, with or without notice, and Lessor shall have the right to become purchaser upon being the highest bidder at such sale. Upon request of Lessor, Lessee agrees to execute Uniform Commercial Code financing statements relating to the aforesaid security interest.

LIEN FOR RENT. To secure the payment of rental and other charges required to be made by Lessee hereunder, and the faithful performance of all other covenants of this Agreement required to be performed by Lessee, Lessee hereby gives to Lessor security interest in and to all property which may be placed in or upon the Leased Premises and the proceeds of any insurance which may accrue to Lessee by reason of damage to or destruction of any such property. All exemption laws are hereby waived by Lessee. This security interest is given in addition to the Lessor's statutory lien(s) and shall be cumulative thereto. This security interest may be foreclosed with or without Court proceedings, by public or private sale, with or without notice, and Lessor shall have the right to become purchaser upon being the highest bidder at as such sale. Upon request of Lessor, Lessee agrees to execute Uniform Commercial Code financing statements relating to the aforesaid security interest.