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Common use of Personalty Clause in Contracts

Personalty. The Equipment shall be and shall remain personal property and nothing shall affect the character of the same or cause the same to become realty without the written consent of Bank, or prevent Bank in its option from removing same from premises on which they may become attached, in event of default hereunder.

Appears in 5 contracts

Samples: Loan and Security Agreement (Halifax Corp), Loan and Security Agreement (Halifax Corp), Loan and Security Agreement (Halifax Corp)

Personalty. The Equipment shall be and shall remain personal ---------- property and nothing shall affect the character of the same or cause the same to become realty without the written consent of Bankrealty, or prevent Bank in its option from removing same from premises on which they Equipment may become attached, in event of default hereunder.

Appears in 2 contracts

Samples: Security Agreement (Medallion Financial Corp), Security Agreement (Medallion Financial Corp)