Common use of Right to recover Equipment Clause in Contracts

Right to recover Equipment. In an event of default you authorise us at your cost to enter upon the property where the Equipment is located for the purpose of removal of the Equipment, and you authorise us at your cost to take possession of any property in, on or attached to the Equipment. You grant us a particular and general lien over property removed from the Equipment as security for any amounts owed by you and authorise us to sell such property and apply the sale proceeds towards any amounts owed by you.

Right to recover Equipment. In an event of default you irrevocably authorise us at your cost to enter upon the property where the Equipment is located for the purpose of removal of the Equipmentany Equipment hired to you, and in doing so you irrevocably authorise us at your cost to take possession of any property in, on or attached to the Equipment. You grant us a particular and general lien over any property removed from the Equipment as security for any amounts owed by you pursuant to this Agreement and authorise authorize us to sell such property and apply the sale proceeds towards any amounts owed by youyou pursuant to this Agreement.