Common use of Personal Property; Liens Clause in Contracts

Personal Property; Liens. Except for the existing cooling towers on the roof of the Building, and except for the existing condenser water loop distribution system in the Building, and subject to Tenant’s obligations expressly set forth in the last sentence of this Section 24.13 below, Landlord hereby waives any and all rights, encumbrances and liens in and to the property (including telecommunications and other equipment) of Tenant and Tenant’s customers and contractors, except any lien upon Tenant’s property obtained pursuant to a judgment against Tenant issued by a court of competent jurisdiction in connection with a Default. Without limiting the foregoing, Landlord shall, within ten (10) days after demand from time to time, execute any lien waiver document (and/or similar document) in favor of any lender(s) of Tenant and/or Tenant’s customers (except with respect to the aforementioned cooling towers and condenser water loop distribution system) which is acceptable to Landlord in its reasonable discretion. Any property that Tenant is to transfer to Landlord on the expiration or earlier termination of this Lease, as may be described under Article 14 of this Lease, shall be free of monetary liens created by or on behalf of Tenant on the expiration or earlier termination of this Lease.

Personal Property; Liens. Except for the existing cooling towers on the roof of the Building, and except for the existing condenser water loop distribution system in the BuildingBuilding (which are more particularly described in the CRG Direct Lease), and subject to Tenant’s obligations expressly set forth in the last sentence of this Section 24.13 23.13 below, Landlord hereby waives for itself and on behalf of Master Landlord any and all rights, encumbrances and liens in and to the property (including telecommunications and other equipment) of Tenant and Tenant’s customers and contractors, except any lien upon Tenant’s property obtained pursuant to a judgment against Tenant issued by a court of competent jurisdiction in connection with a Default. Without limiting the foregoing, Landlord shall, within ten (10) days after demand from time to time, execute and cause Master Landlord to execute any lien waiver document (and/or similar document) in favor of any lender(s) of Tenant and/or Tenant’s customers (except with respect to the aforementioned cooling towers and condenser water loop distribution system) which is acceptable to Landlord and Master Landlord in its their reasonable discretion. Any property that Tenant is to transfer to Landlord on the expiration or earlier termination of this Lease, as may be described under Article 14 of this Lease, shall be free of monetary liens created by or on behalf of Tenant on the expiration or earlier termination of this Lease.