Common use of Nature of Collateral Clause in Contracts

Nature of Collateral. The Collateral may be installed in or located on the Premises and is not and shall not be deemed to be a fixture or part of the underlying real estate but shall at all times be considered personal property.

Nature of Collateral. The Collateral may be installed in or located on the Premises and is not and shall not be deemed to be a fixture fixture, an immovable or part of the underlying real estate but shall at all times be considered personal (movable) property. Landlord acknowledges that the Collateral is and will remain personal (movable) property and not fixtures, immovables or part of the underlying real estate even though it may be affixed to or placed on the Premises. For the avoidance of doubt, the Collateral shall expressly exclude all Building Equipment (as such term is defined in the Lease).

Nature of Collateral. The Collateral may be installed in or located on the Premises and is not and shall not be deemed to be a fixture or immovable property or part of the underlying real estate but shall at all times be considered personal (movable) property.

Nature of Collateral. The Collateral may be installed in or located on the Premises and is not and shall not be deemed to be a fixture or part of the underlying real estate but shall at all times be considered personal property. Landlord acknowledges that the Collateral is and will remain personal property and not fixtures or part of the underlying real estate even though it may be affixed to or placed on the Premises. For the avoidance of doubt, the Collateral shall expressly exclude all Building Equipment (as such term is defined in the Lease).