Common use of SECURITY INTEREST IN GOODS Clause in Contracts

SECURITY INTEREST IN GOODS. You acknowledge that our interest in the Goods provided for by the transaction contemplated by this Agreement: 21.1 secures the payment of all moneys and the performance of all obligations owning or assumed by you under this Rental Agreement; and 21.2 is a Security Interest

SECURITY INTEREST IN GOODS. You acknowledge that our interest in the Goods provided for by the transaction contemplated by this Agreement: 21.1 secures the payment of all moneys and the performance of all obligations owning or assumed by you under this Rental Agreement; and 21.2 is a Security Interest.