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Common use of Replacement of Fixtures and Personalty Clause in Contracts

Replacement of Fixtures and Personalty. Trustor will not permit any -------------------------------------- of the Fixtures or Personalty to be removed at any time from the Property without the prior written consent of Beneficiary unless actually replaced by articles of equal suitability and value owned by Trustor free and clear of any lien or security interest except as may be approved in writing by Beneficiary.

Appears in 4 contracts

Samples: Deed of Trust, Security Agreement, and Fixture Filing With Assignment of Rents and Agreements (G&l Realty Corp), Deed of Trust (G&l Realty Corp), Deed of Trust (G&l Realty Corp)

Replacement of Fixtures and Personalty. Trustor will not permit any -------------------------------------- of the Fixtures or Personalty to be removed at any time from the Property without the prior written consent of Beneficiary unless actually replaced by articles of equal suitability and value owned by Trustor free and clear of any lien or security interest except as may be approved in writing by Beneficiary. Notwithstanding the foregoing, Trustor may make tenant improvements in the ordinary course of business.

Appears in 1 contract

Samples: Deed of Trust, Security Agreement, and Fixture Filing (En Pointe Technologies Inc)

Replacement of Fixtures and Personalty. Trustor will not permit any -------------------------------------- of the Fixtures or Personalty to be removed at any time from the Property without the prior written consent of Beneficiary unless actually replaced by articles of equal suitability and value owned by Trustor free and clear of any lien or security interest except as may be approved in writing by Beneficiary.

Appears in 1 contract

Samples: Deed of Trust (Speedway Motorsports Inc)