Common use of Notice of Lien Clause in Contracts

Notice of Lien. GAS shall have a possessory lien in accordance with A.R.S. §33-1022 or any other applicable statute from the date rent is unpaid and due, in the Permitted Aircraft and personal property parked or stored pursuant to the provisions of this Agreement. The Permitted Aircraft and personal property may be sold to satisfy the lien if Permittee is in default of this Agreement and has not cured such default in accordance with any applicable cure period. In order to provide notice of any sale to enforce this possessory lien, Permittee shall disclose any and all lien holders or secured parties having an interest in the Permitted Aircraft, and in any other personal property that is stored within the Tie Down Space(s).

Notice of Lien. GAS shall have a possessory lien in accordance with A.R.S. §33-1022 or any other applicable statute from the date rent is unpaid and due, in the Permitted Aircraft and personal property parked or stored pursuant to the provisions of this Agreement. The Permitted Aircraft and personal property may be sold to satisfy the lien if Permittee is in default of this Agreement and has not cured such default in accordance with any applicable cure period. In order to provide notice of any sale to enforce this possessory lien, Permittee shall disclose any and all lien holders or secured parties having an interest in the Permitted Aircraft, and in any other personal property that is stored within the Tie Down Space(s)Hangar.