No Fixture Clause Samples
The "No Fixture" clause establishes that certain items or property within a leased or sold premises are not considered fixtures and therefore do not become part of the real property. In practice, this means that items such as equipment, trade installations, or removable improvements installed by the tenant or seller remain their personal property and can be removed at the end of the lease or sale. This clause is essential for clarifying ownership of specific items and preventing disputes over whether such items must remain with the property or can be taken by the departing party.
No Fixture. In no event shall the System be deemed a fixture. Neither the Judicial Council nor anyone claiming by, through, or under the Judicial Council have any rights in or to the System at any time under the Senior Security Documents except as otherwise provided in this SLA. 15
No Fixture. If any of the Collateral is or becomes a fixture, Borrower agrees to furnish Lender, at Lender's request, with a statement or statements signed by all persons who have or claim an interest in the real estate concerned, which statements shall provide that the signer consents to the security interest created hereby and disclaims any interest in the Collateral as fixtures.
No Fixture. If any of the Collateral is or becomes a fixture, ▇▇▇▇▇▇▇▇ agrees to furnish Lender, at ▇▇▇▇▇▇'s request, with a statement or statements signed by all persons who have or claim an interest in the real estate concerned, which statements shall provide that the signer consents to the security interest created hereby and disclaims any interest in the Collateral as fixtures.
No Fixture. It is the intention of the parties hereto that no part of the Equipment is or shall become a fixture. Notwithstanding and not in derogation of the foregoing, if any of the Equipment is or is to become a fixture, the Borrower agrees to furnish the Lender, at its request, with a statement signed by a duly authorized representative of the Borrower providing that the Borrower consents to the security interest created hereby and disclaims any interest in the Equipment as fixtures.
No Fixture. In no event shall the System be deemed a fixture. Neither the DGS nor HOST nor anyone claiming by, through or under the DGS or HOST have any rights in or to the System at any time under the Senior Security Documents except as otherwise provided in this SLA.