Common use of LIEN FOR RENT Clause in Contracts

LIEN FOR RENT. In consideration of the mutual benefits arising under this Lease, Lessee hereby grants to Lessor a lien and security interest on all property of Lessee now or hereafter placed in or upon the Premises, and such property shall be and remain subject to such lien and security interest of Lessor for payment of all rent and other sums agreed to be paid by Lessee herein. The provisions of Section 31 relating to said lien and security interest shall constitute a security agreement under the Uniform Commercial Code so that Lessor shall have and may enforce a security interest on all property of Lessee now or hereafter placed in or on the Premises, including but not limited to all fixtures, machinery, equipment, furnishings and other articles of personal property now or hereafter placed in or upon the Premises by Lessee excluding the inventory of Lessee’s merchandise. Lessee agrees to execute as debtor such financing statement or statements as Lessor may now or hereafter reasonably request in order that such security interest or interests may be protected pursuant to said Code. Lessor may at its election at any time file a copy of this lease as a financing statement. Lessor, as secured party, shall be entitled to all of the rights and remedies afforded a secured party under said Code in addition to and cumulative of the Lessor’s liens and rights provided by law or by the other terms and provisions of this lease.

Appears in 2 contracts

Samples: Lease Agreement (Dexterity Surgical Inc), Lease Agreement (Dexterity Surgical Inc)

AutoNDA by SimpleDocs

LIEN FOR RENT. In consideration of the mutual benefits arising under this Lease, Lessee hereby grants to Lessor a lien and security interest on all property of Lessee now or hereafter placed in or upon the PremisesPremises (except such part of any property as may be exchanged, replaced or sold from time to time in the ordinary course of business, operation or trade), and such property shall be and remain subject to such lien and security interest of Lessor for payment of all rent and other sums agreed to be paid by Lessee herein. The provisions of Section 31 relating to said lien and security interest This Lease shall constitute a security agreement under the Uniform Commercial Code so that Lessor shall have and may enforce a security interest on all property of Lessee now or hereafter placed in or on the Premises, including but not limited to all fixtures, machinery, equipment, furnishings and other articles of personal property now or hereafter placed in or upon the Premises by Lessee excluding the inventory of Lessee’s merchandise. Lessee agrees to execute as debtor such financing statement or statements as Lessor may now or hereafter reasonably request in order that such security interest or interests may be protected perfected pursuant to said Code. Lessor may at its election at any time file a copy of this lease Lease as a financing statement. Lessor, as secured party, shall be entitled to all of the rights and remedies afforded a secured party under said Code Uniform Commercial Code, which rights and remedies shall be in addition to and cumulative of the Lessor’s landlord's liens and rights provided by law or by the other terms and provisions of this leaseLease.

Appears in 1 contract

Samples: Lease Agreement (Champion Communication Services Inc)

LIEN FOR RENT. In consideration of the mutual benefits arising under this Lease, Lessee Tenant hereby grants to Lessor landlord a lien and security interest on all property of Lessee Tenant now or hereafter placed in or upon the Premises, and such property shall be and remain subject to such lien and security interest of Lessor landlord for payment of all rent Rent and other sums agreed to be paid by Lessee Tenant herein. The provisions of Section 31 relating to said Said lien and security interest shall be in addition to and cumulative of the Landlord's liens provided by law. This Lease shall constitute a security agreement under the Uniform California Commercial Code (the "CCC") so that Lessor Landlord shall have and may enforce a security interest on all property of Lessee Tenant now or hereafter placed in or on the Premises, including including, but not limited to to, all fixtures, machinery, equipment, furnishings and other articles of personal property now or hereafter placed in or upon the Premises by Lessee excluding the inventory of Lessee’s merchandiseTenant. Lessee agrees to Tenant shall execute as debtor such financing statement or statements as Lessor Landlord may now or hereafter reasonably request in order that such security interest or interests may be protected pursuant to said Codethe CCC. Lessor Landlord may at its election at any time file a copy of this lease Lease as a financing statement. Lessor, Landlord as secured party, shall be entitled to all of the rights and remedies afforded a secured party under said Code in addition to and cumulative of the Lessor’s liens and rights provided by law or by the other terms and provisions of this leaseCCC.

Appears in 1 contract

Samples: Redlands Mall (Business Bancorp /Ca/)

LIEN FOR RENT. In Subject to the Texas Property Code, in consideration of the mutual benefits arising under this Lease, Lessee hereby grants to Lessor a lien and security interest on all property of Lessee now or hereafter herein after placed in or upon the PremisesPremises and all proceeds therefrom, and also upon all proceeds of any insurance which may have accrued to Lessee by reason of the damage or destruction of any such property. Such property shall be and remain is subject to such lien and security interest of Lessor for payment of all rent and or other sums agreed owing to be paid by Lessee hereinLessor under the terms of this Lease. The provisions of Section 31 this paragraph relating to said lien and security interest shall constitute constitutes a security agreement under the Uniform Commercial Code (the “UCC”) so that Lessor shall have and may enforce a security interest on all property of Lessee now or hereafter placed in or on the Premises, including but not limited to all fixtures, machinery, equipment, furnishings and other articles of personal property now or hereafter placed in or upon the Premises by Lessee excluding the inventory of Lessee’s merchandiseXxxxxx. Lessee Xxxxxx agrees to execute execute, as debtor debtor, such financing statement or statements as Lessor may now or hereafter reasonably request in order that such security interest or interests may be protected continuously perfected pursuant to said Code. the UCC, Lessor may may, at its election election, at any time file a copy of this lease Lease as a financing statement. Lessor, as a secured party, shall be entitled to all of the rights and remedies afforded a secured party under said Code the UCC in addition to and cumulative of the Lessor’s liens and rights provided by law or by the other terms and provisions of this leaseLease. Notwithstanding the foregoing, Xxxxxx hereby agrees to subordinate its liens herein retained (as well as any statutory Lessor’s lien) securing bona Lessor Lessee financing of Xxxxxx’s movable personal property placed in the Premises or the construction of Xxxxxx’s initial non-Building standard leasehold improvements to the Premises.

Appears in 1 contract

Samples: Lease Agreement (Bankrate, Inc.)

LIEN FOR RENT. In consideration of the mutual benefits arising under this Leaselease, Lessee hereby grants to Lessor a lien and security interest on all property of Lessee now or hereafter placed in or upon the Premises, and such property shall be and remain subject to such lien and security interest of Lessor for payment of all rent and other sums agreed to be paid by Lessee herein. The provisions of Section 31 relating to said lien and security interest shall constitute a security agreement under the Uniform Commercial Code so that Lessor shall have and may enforce a security interest on all property of Lessee now or hereafter placed in or on the Premises, including but not limited to all fixtures, machinery, equipment, furnishings and other articles of personal property now or hereafter placed in or upon the Premises by Lessee excluding the inventory of Lessee’s merchandise. Lessee agrees to execute as debtor such financing statement or statements as Lessor may now or hereafter reasonably request in order that such security interest or interests may be protected pursuant to said Code. Lessor may at its election at any time file a copy of this lease as a financing statement. Lessor, as secured party, shall be entitled to all of the rights and remedies afforded a secured party under said Code in addition to and cumulative of the Lessor’s 's liens and rights provided by law or by the other terms and provisions of this lease. LESSOR WILL GRANT SUBORDINATION UPON REASONABLE WRITTEN REQUEST SUBJECT TO THE FEE LISTED IN PARAGRAPH 54 HEREIN.

Appears in 1 contract

Samples: Lease Agreement (Tanknology Environmental Inc /Tx/)

AutoNDA by SimpleDocs

LIEN FOR RENT. In consideration of the mutual benefits arising under this Lease, Lessee Tenant hereby grants to Lessor Landlord a lien and security interest on all property of Lessee Tenant now or hereafter placed in or upon the Premises, and such property shall be and remain subject to such lien and security interest of Lessor Landlord for payment of all rent Rent and other sums agreed to be paid by Lessee Tenant herein. The provisions of Section 31 relating to said Said lien and security interest shall be in addition to and cumulative of the Landlord's liens provided by law. This Lease shall constitute a security agreement under the Washington version of the Uniform Commercial Code ("UCC") so that Lessor Landlord shall have and may enforce a security interest on all property of Lessee Tenant now or hereafter placed in or on the Premises, including including, but not limited to to, all fixtures, machinery, equipment, furnishings and other articles of personal property now or hereafter placed in or upon the Premises by Lessee excluding the inventory of Lessee’s merchandiseTenant. Lessee agrees to Tenant shall execute as debtor such financing statement or statements as Lessor Landlord may now or hereafter reasonably request in order that such security interest or interests may be protected pursuant to said Codethe UCC. Lessor Landlord may at its election selection at any time file a copy of this lease Lease as a financing statement. LessorLandlord, as secured party, shall be entitled to all of the rights and remedies afforded a secured party under said Code the UCC. Notwithstanding anything to the contrary in addition this Section, Landlord's Lien for Rent shall be subordinate and inferior to the lien of any purchase money loan for furniture, fixtures and cumulative of equipment located on the Lessor’s liens Premises, and rights provided by law or by the other terms and provisions of this leaseLandlord agrees to execute any documents which may be necessary to further evidence such subordination.

Appears in 1 contract

Samples: Lease Agreement (Ragen Mackenzie Group Inc)

LIEN FOR RENT. In consideration of the mutual benefits arising under this Lease, Lessee Tenant hereby grants to Lessor Landlord a lien and security interest on all property of Lessee Tenant now or hereafter placed in or upon the Premises, and such property shall be and remain subject to such lien and security interest of Lessor Landlord for payment of all rent and other sums agreed to be paid by Lessee Tenant herein. The provisions of Section 31 this paragraph relating to said such lien and security interest shall constitute a security agreement under the Uniform Commercial Code so that Lessor Landlord shall have and may enforce a security interest on all property of Lessee Tenant now or hereafter placed in or on the Premises, including including, but not limited to to, all fixtures, machinery, equipment, furnishings furnishings, and other articles of personal property now or hereafter placed in or upon the Premises by Lessee excluding the inventory of Lessee’s merchandiseTenant. Lessee Tenant agrees to execute as debtor such financing statement or statements as Lessor Landlord may now or hereafter reasonably request in order that such security interest or interests interest may be protected perfected pursuant to said the Uniform Commercial Code. Lessor Landlord may at its election at any time file a copy of this lease Lease as a financing statement. LessorLandlord, as secured party, shall be entitled to all of the rights and remedies afforded a secured party under said the Uniform Commercial Code in addition to and cumulative of the Lessorlandlord’s liens and rights provided by law or by the other terms and provisions of this leaseLease.

Appears in 1 contract

Samples: Office Lease Agreement (Directview Holdings Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.