LIEN FOR RENT. (a) Notwithstanding anything to the contrary in this lease, Lessor's landlord lien shall be subordinate to any existing security interest and any future purchase money security interests on Lessee's personal property if such security interest is properly perfected and timely recorded as required by the Texas Business Code. Lessor shall cooperate in signing lien subordinations in accordance with the foregoing. Any lien subordination shall be on forms reasonably acceptable to Lessor.
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Samples: Office Lease (Medical Science Systems Inc), One Ecommerce Corp, One Ecommerce Corp
LIEN FOR RENT. (a) Notwithstanding anything to the contrary in this leaseLease, Lessor's ’s landlord lien shall be subordinate to any existing security interest and any future purchase money security interests on Lessee's ’s personal property if such security interest is properly perfected and timely recorded as required by the Texas Business and Commerce Code. Lessor shall cooperate in signing lien subordinations in accordance with the foregoing. Any lien subordination shall be on forms reasonably acceptable to Lessor.
Appears in 2 contracts
Samples: Lease Agreement (Pain Therapeutics Inc), Office Lease (NightHawk Radiology Holdings Inc)
LIEN FOR RENT. (aa.) Notwithstanding anything to the contrary in this leaseLease, Lessor's landlord lien shall will be subordinate to any existing security interest and any future purchase money bona fide security interests on Lessee's personal property if such security interest is properly perfected and timely recorded as required by the Texas Business Code. Lessor shall will cooperate in signing lien subordinations in accordance with the foregoing. Any lien subordination shall will be on forms reasonably acceptable to Lessor., provided they are substantially the same as the form in attached Exhibit E.
Appears in 1 contract
LIEN FOR RENT. (a) Notwithstanding anything to the contrary in this lease, Lessor's landlord lien shall be subordinate to any existing security interest and any future purchase money security interests on Lessee's personal property if such security interest is properly perfected and timely recorded as required by the Texas Business Code. Lessor shall cooperate in signing lien subordinations in accordance with the foregoing. Any lien subordination shall be on forms reasonably acceptable to Lessor.
Appears in 1 contract
Samples: Office Lease (Synplicity Inc)