Common use of Purchase of Materials; Conditional Sales Contracts Clause in Contracts

Purchase of Materials; Conditional Sales Contracts. No materials, equipment, fixtures, or articles of personal property placed in or incorporated into the Project shall be purchased or installed under any Security Agreement or other agreement whereby the seller reserves or purports to reserve title or the right of removal or repossession, or the right to consider such items as personal property after their incorporation into the Project, unless otherwise authorized by Lender in writing.

Appears in 4 contracts

Samples: Construction Loan Agreement (Shepherd's Finance, LLC), Construction Loan Agreement (Shepherd's Finance, LLC), Construction Loan Agreement (Shepherd's Finance, LLC)

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Purchase of Materials; Conditional Sales Contracts. No materials, equipment, fixtures, or articles of personal property placed in or incorporated into the Project Project, shall be purchased or installed under any Security Agreement security agreement or other agreement whereby the seller reserves or purports to reserve title or the right of removal or repossession, or the right to consider such items as personal property after their incorporation into the Project, unless otherwise authorized by Lender in writing.

Appears in 2 contracts

Samples: Loan Agreement (Wells Mid-Horizon Value-Added Fund I LLC), Loan Agreement (Wells Mid-Horizon Value-Added Fund I LLC)

Purchase of Materials; Conditional Sales Contracts. No Unless authorized by Lender in writing, no materials, equipment, fixtures, or articles of personal property placed in or incorporated into the Project shall may be purchased or installed under any Security Agreement security agreement or other agreement whereby the seller reserves or purports to reserve (i) title or the right of removal or repossession, or (ii) the right to consider such items as personal property after their incorporation into the Project, unless otherwise authorized by Lender in writingor (iii) a security interest.

Appears in 2 contracts

Samples: Construction Loan Agreement, Construction Loan Agreement (CNL Growth Properties, Inc.)

Purchase of Materials; Conditional Sales Contracts. No materials, equipment, fixtures, or articles of personal property placed in or incorporated into the Project shall be purchased or installed under any Security Agreement security agreement or other agreement whereby the seller reserves or purports to reserve title or the right of removal or repossession, or the right to consider such items as personal property after their incorporation into the Project, unless otherwise authorized by Lender in writing.

Appears in 1 contract

Samples: Construction and Term Loan Agreement (Mount Vintage Plantation Golf Club LLC)

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Purchase of Materials; Conditional Sales Contracts. No materials, equipment, fixtures, or articles of personal property placed in or incorporated into the Project shall be purchased or installed under any Security Agreement or other agreement whereby the seller reserves or purports to reserve title or the right of removal or repossession, or the right to consider such items as personal property after their incorporation into the Project, unless otherwise authorized by Lender Majority Owner in writing.

Appears in 1 contract

Samples: Construction and Term Loan Agreement

Purchase of Materials; Conditional Sales Contracts. No materials, equipment, fixtures, or articles of personal property placed in or incorporated into the Project Projects shall be purchased or installed under any Security Agreement or other agreement whereby the seller reserves or purports to reserve title or the right of removal or repossession, or the right to consider such items as personal property after their incorporation into the ProjectProjects, unless otherwise authorized by Lender in writing.

Appears in 1 contract

Samples: Construction Loan Agreement

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