Tenant’s Personal Property. If Landlord repossesses the Premises pursuant to the authority herein granted, or if Tenant vacates or abandons all or any part of the Premises, then, in addition to Landlord's rights under Paragraph 29 hereof, Landlord shall have the right to (i) keep in place and use or (ii) remove and store, all of the furniture, fixtures, and equipment at the Premises, including that which is owned by Tenant, at all times prior to any foreclosure thereon by Landlord or repossession thereof by any lessor thereof or third party having a lien thereon. In addition to the Landlord's other rights hereunder, Landlord may dispose of the stored property if Tenant does not claim the property within twenty (20) days after the date the property is stored. Landlord shall give Tenant at least ten (10) ten days prior written notice of such intended disposition. Landlord shall also have the right to relinquish possession of all or any portion of such furniture, fixtures, equipment and other property to any person ("Claimant") who presents to Landlord a copy of any instrument represented by Claimant to have been executed by Tenant (or any predecessor of Tenant) granting Claimant the right under various circumstances to take possession of such furniture, fixtures, equipment or other property, without the necessity on the part of Landlord to inquire into the authenticity or legality of said instrument. The rights of Landlord herein stated shall be in addition to any and all other rights that Landlord has or may hereafter have at law or in equity; and Tenant stipulates and agrees that the rights granted Landlord under this paragraph are commercially reasonable.
Appears in 1 contract
Samples: Standard Industrial Lease Agreement (Advanced Energy Industries Inc)
Tenant’s Personal Property. If Landlord repossesses the Premises -------------------------- pursuant to the authority herein granted, or if Tenant vacates or abandons all or any part of the Premises, then, in addition to Landlord's rights under Paragraph 29 27 hereof, Landlord shall have the right to (i) keep in place and use use, or (ii) remove and store, all of the furniture, fixtures, fixtures and equipment at the Premises, including that which is owned by or leased to Tenant, at all times prior to any foreclosure thereon by Landlord or repossession thereof by any lessor thereof or third party having a lien thereon. In addition to the Landlord's other rights hereunder, Landlord may dispose of the stored property if Tenant does not claim the property within twenty (20) days after the date the property is stored. Landlord shall give Tenant at least ten (10) ten days prior written notice of such intended disposition. Landlord shall also have the right to relinquish possession of all or any portion of such furniture, fixtures, equipment and other property to any person ("Claimant") who presents to Landlord a copy of any instrument represented by Claimant to have been executed by Tenant (or any predecessor of Tenant) granting Claimant claimant the right under various circumstances to take possession of such furniture, fixtures, equipment or other property, without the necessity on the part of Landlord to inquire into the authenticity or legality of said instrument. The rights of Landlord herein stated shall be in addition to any and all other rights that Landlord has or may hereafter have at law or in equity; , and Tenant stipulates and agrees that the rights granted Landlord under this paragraph are commercially reasonable.
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Tenant’s Personal Property. If Landlord repossesses the Premises pursuant to the authority herein granted, or if Tenant vacates or abandons all or any part of the Premises, then, in addition to Landlord's ’s rights under Paragraph 29 27 hereof, Landlord shall have the right to (i) keep in place and use use, or (ii) remove and store, all of the furniture, fixtures, fixtures and equipment at the Premises, including that which is owned by or leased to Tenant, at all times prior to any foreclosure thereon by Landlord or repossession thereof by any lessor thereof or third party having a lien thereon. In addition to the Landlord's ’s other rights hereunder, Landlord may dispose of the stored property if Tenant does not claim the property within twenty ten (2010) days after the date the property is stored. Landlord shall give Tenant at least ten (10) ten days prior written notice of such intended disposition. disposition Landlord shall also have the right to relinquish possession of all or any portion of such furniture, fixtures, equipment and other property to any person ("“Claimant"”) who presents to Landlord a copy of any instrument represented by Claimant to have been executed by Tenant (or any predecessor of Tenant) granting Claimant the right under various circumstances to take possession of such furniture, fixtures, equipment or other property, without the necessity on the part of Landlord to inquire into the authenticity or legality of said instrument. The rights of Landlord herein stated shall be in addition to any and all other rights that Landlord has or may hereafter have at law or in equity; , and Tenant stipulates and agrees that the rights granted Landlord under this paragraph are commercially reasonable.
Appears in 1 contract
Samples: Lease Agreement (DJO Finance LLC)
Tenant’s Personal Property. If Landlord repossesses upon expiration or termination of the Term, Tenant fails to remove from the Premises pursuant to the authority herein granted, or if Tenant vacates or abandons all or any part of the PremisesTenant’s Trade Fixtures and Equipment, then, in addition to Landlord's rights under Paragraph 29 hereof, then Landlord shall have the right to (i) keep in place and use or (ii) remove and store, store all of the furniture, fixtures, Tenant’s Trade Fixtures and equipment Equipment located in or at the Premises, including that which is owned by or leased to Tenant, at all times prior to any foreclosure thereon by Landlord or repossession thereof by any lessor thereof or third party having a lien thereon. In addition to the Landlord's ’s other rights hereunder, . Landlord may dispose of the stored property if Tenant does not claim the property within twenty ten (2010) days after the date notice from Landlord that the property is stored. Landlord shall give Tenant at least ten (10) ten days prior written notice of such intended disposition. Landlord shall also have the right to relinquish possession of all or any portion of such furniture, fixtures, equipment and other property to any person ("“Claimant"”) who presents to Landlord a copy of any instrument represented by Claimant to have been executed by Tenant (or any predecessor of Tenant) granting Claimant the right under various circumstances to take possession of such furniture, fixtures, equipment or other property, without the necessity on the part of Landlord to inquire into the authenticity or legality of said instrument. The rights of Landlord herein stated shall be in addition to any and all other rights that Landlord has or may hereafter have at law or in equity; , and Tenant stipulates and agrees that the rights granted Landlord under this paragraph are commercially reasonable.
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Tenant’s Personal Property. If Landlord repossesses the Premises pursuant to the authority herein granted, or if Tenant vacates or abandons all or any part of the Premises, then, in addition to Landlord's ’s rights under Paragraph 29 27 hereof, Landlord shall have the right to (i) keep in place and use use, or (ii) remove and store, all of the furniture, fixturesfixtures equipment, and equipment other property (collectively “Stored Property”) at the Premises, including that which is owned by or leased to Tenant, at all times prior to any foreclosure or other disposition thereon by Landlord or repossession thereof by any lessor thereof or third party having a lien thereon. In addition to the Landlord's ’s other rights hereunder, Landlord may dispose of the stored property Stored Property if Tenant does not claim the property within twenty ten (2010) days after the date Landlord gives notice that it has taken possession of the property is stored. Stored Property pursuant to this Paragraph.. Landlord shall give Tenant at least ten (10) ten days prior written notice of such intended disposition. Landlord shall also have the right to relinquish possession of all or any portion of such furniture, fixtures, equipment and other property to any person ("“Claimant"”) who presents to Landlord a copy of any instrument represented by Claimant to have been executed by Tenant (or any predecessor of Tenant) granting Claimant the right under various circumstances to take possession of such furniture, fixtures, equipment or other property, without the necessity on the part of Landlord to inquire into the authenticity or legality of said instrument. The rights of Landlord herein stated shall be in addition to any and all other rights that Landlord has or may hereafter have at law or in equity; , and Tenant stipulates and agrees that the rights granted Landlord under this paragraph are commercially reasonable. This Paragraph expressly supersedes subparagraph (e) of Section 93.002 of the Texas Property Code.
Appears in 1 contract
Samples: Lease Agreement (Tangoe Inc)
Tenant’s Personal Property. If Landlord repossesses the Premises pursuant to the authority herein granted, or if Tenant vacates or abandons all or any part of the Premises, then, in addition to Landlord's rights under Paragraph 29 hereof, then Landlord shall have the right to (i) keep in place and use use, or (ii) remove and store, all of the furniture, fixtures, fixtures and equipment at the Premises, including that which is owned by or leased to Tenant, at all times prior to any foreclosure thereon by Landlord or repossession thereof by any lessor thereof or third party having a lien thereon. In addition to the Landlord's other rights hereunder, Landlord may dispose of the stored property if Tenant does not claim the property within twenty ten (2010) days after the date the property is stored. Landlord shall give Tenant at least ten (10) ten days prior written notice of such intended disposition. Landlord shall also have the right to relinquish possession of all or any portion of such furniture, fixtures, equipment and other property to any person ("ClaimantCLAIMANT") who presents to Landlord a copy of any instrument represented by Claimant to have been executed by Tenant (or any predecessor of Tenant) granting Claimant the right under various circumstances to take possession of such furniture, fixtures, equipment or other property, without the necessity on the part of Landlord to inquire into the authenticity or legality of said instrument. The rights of Landlord herein stated shall be in addition to any and all other rights that Landlord has or may hereafter have at law or in equity; , and Tenant tenant stipulates and agrees that the rights granted Landlord under this paragraph are commercially reasonable.
Appears in 1 contract
Tenant’s Personal Property. If Landlord repossesses the Premises pursuant to the authority herein granted, or if Tenant vacates or abandons all or any part of the Premises, then, in addition to Landlord's rights under Paragraph 29 26 hereof, Landlord shall have the right to (i) keep in place and use use, or (ii) remove and store, all of the furniture, fixtures, fixtures and equipment at the Premises, including that which is owned by or leased to Tenant, at all times prior to any foreclosure thereon by Landlord or repossession thereof by any lessor thereof or third party having a lien thereon. In addition to the Landlord's other rights hereunder, Landlord may dispose of the stored property if Tenant does not claim the property within twenty ten (2010) days after the date the property is stored. Landlord shall give Tenant at least ten (10) ten days prior written notice of such intended disposition. Landlord shall also have the right to relinquish possession of all or any portion of such furniture, fixtures, equipment and other property to any person ("Claimant") who presents to Landlord a copy of any instrument represented by Claimant to have been executed by Tenant (or any predecessor of Tenant) granting Claimant the right under various circumstances to take possession of such furniture, fixtures, equipment or other property, without the necessity on the part of Landlord to inquire into the authenticity or legality of said instrument. The rights of Landlord herein stated shall be in addition to any and all other rights that Landlord has or may hereafter have at law or in equity; , and Tenant stipulates and agrees that the rights granted Landlord under this paragraph are commercially reasonable.
Appears in 1 contract
Tenant’s Personal Property. If Landlord repossesses the Premises -------------------------- pursuant to the authority herein granted, or if Tenant vacates or abandons all or any part of the Premises, then, in addition to Landlord's rights under Paragraph 29 27 hereof, Landlord shall have the right to (i) keep in place and use use, or (ii) remove and store, all of the furniture, fixtures, fixtures and equipment at the Premises, including that which is owned by or leased to Tenant, at all times prior to any foreclosure thereon by Landlord or repossession thereof by any lessor thereof or third party having a lien thereon. In addition to the Landlord's other rights hereunder, Landlord may dispose of the stored property if Tenant does not claim the property within twenty ten (2010) days after the date the property is stored. Landlord shall give Tenant at least ten (10) ten days prior written notice of such intended disposition. Landlord shall also have the right to relinquish possession of all or any portion of such furniture, fixtures, equipment and other property to any person ("Claimant") who presents to Landlord a copy of any instrument represented by Claimant to have been executed by Tenant (or any predecessor of Tenant) granting Claimant the right under various circumstances to take possession of such furniture, fixtures, equipment or other property, without the necessity on the part of Landlord to inquire into the authenticity or legality of said instrument. The rights of Landlord herein stated shall be in addition to any and all other rights that Landlord has or may hereafter have at law or in equity; , and Tenant stipulates and agrees that the rights granted Landlord under this paragraph are commercially reasonable.
Appears in 1 contract
Samples: Lease Agreement (Active Power Inc)
Tenant’s Personal Property. If Landlord repossesses the Premises pursuant to the authority herein granted, or if Tenant vacates or abandons all or any part of the Premises, then, in addition to Landlord's ’s rights under Paragraph 29 27 hereof, Landlord shall have the right to (i) keep in place and use or (ii) remove and store, all of the furniture, fixtures, fixtures and equipment at the Premises, including that which is owned by or leased to Tenant, at all times prior to any foreclosure thereon by Landlord or repossession thereof by any lessor thereof or third party having a lien thereon. In addition to the Landlord's ’s other rights hereunder, Landlord may dispose of the stored property if Tenant does not claim the property within twenty ten (2010) days after the date the property is stored. Landlord shall give Tenant at least ten (10) ten days prior written notice of such intended disposition. After Landlord’s repossession or Tenant’s abandonment of the Premises, Landlord shall also have the right to relinquish possession of all or any portion of such furniture, fixtures, equipment and other property to any person ("“Claimant"”) who presents to Landlord a copy of any instrument represented by Claimant to have been executed by Tenant (or any predecessor of Tenant) granting Claimant the right under various circumstances to take possession of such furniture, fixtures, equipment or other property, without the necessity on the part of Landlord to inquire into the authenticity or legality of said instrument. The rights of Landlord herein stated shall be in addition to any and all other rights that Landlord has or may hereafter have at law or in equity; and Tenant stipulates and agrees that the rights granted Landlord under this paragraph are commercially reasonable.
Appears in 1 contract
Tenant’s Personal Property. If Landlord repossesses the Premises pursuant to the authority herein granted, or if Tenant vacates or abandons all or any part of the Premises, then, in addition to Landlord's rights under Paragraph 29 27 hereof, Landlord shall have the right to (i) keep in place and use use, or (ii) remove and store, all of the furniture, fixtures, fixtures and equipment at the Premises, including that which is owned by or leased to Tenant, at all times prior to any foreclosure thereon by Landlord or repossession thereof by any lessor thereof or third party having a lien thereon. In addition to the Landlord's other rights hereunder, Landlord may dispose of the stored property if Tenant does not claim the property within twenty ten (2010) days after the date the property is stored. Landlord shall give Tenant at least ten (10) ten days days' prior written notice of such intended disposition. Landlord shall also have the right to relinquish possession of all or any portion of such furniture, fixtures, equipment and other property to any person ("Claimant") who presents to Landlord a copy of any instrument represented by Claimant to have been executed by Tenant (or any predecessor of Tenant) granting Claimant the right under various circumstances to take possession of such furniture, fixtures, equipment or other property, without the necessity on the part of Landlord to inquire into the authenticity or legality of said instrument. The rights of Landlord herein stated shall be in addition to any and all other rights that Landlord has or may hereafter have at law or in equity; , and Tenant stipulates and agrees that the rights granted Landlord under this paragraph are commercially reasonable.
Appears in 1 contract
Tenant’s Personal Property. If Landlord repossesses the Premises -------------------------- pursuant to the authority herein granted, or if Tenant vacates or abandons all or any part of the Premises, then, in addition to Landlord's rights under Paragraph 29 27 hereof, Landlord shall have the right to (i) keep in place and use use, or (ii) remove and store, all of the furniture, fixtures, fixtures and equipment at the Premises, including that which is owned by or leased to Tenant, at all times prior to any foreclosure thereon by Landlord or repossession thereof by any lessor thereof or third party having a lien thereon. In addition to the Landlord's other rights hereunder, Landlord may dispose of the stored property if Tenant does not claim the property within twenty ten (2010) days after the date the property is stored. Landlord shall give Tenant at least ten (10) ten days prior written notice of such intended disposition. Landlord shall also have the right to relinquish possession of all or any portion of such furniture, fixtures, equipment and other property to any person ("Claimant") who presents to Landlord a copy of any instrument represented by Claimant to have been executed by Tenant (or any predecessor of Tenant) granting Claimant the right under various circumstances to take possession of such furniture, fixtures, equipment or other property, without the necessity on the part of Landlord to inquire into the authenticity or legality of said instrument. The rights of Landlord herein stated shall be in addition to any and Initials ________ _________ Date ________ _________ all other rights that Landlord has or may hereafter have at law or in equity; , and Tenant stipulates and agrees that the rights granted Landlord under this paragraph are commercially reasonable.
Appears in 1 contract
Samples: Lease Agreement (Active Power Inc)
Tenant’s Personal Property. If Landlord repossesses the Premises pursuant to the authority herein granted, or if Tenant vacates or abandons all or any part of the Premises, then, in addition to Landlord's rights under Paragraph 29 hereof, Landlord shall have the right to (i) keep in place and use or (ii) remove and store, all of the furniture, fixtures, and equipment at the Premises, including that which is owned by Tenant, at all times prior to any foreclosure thereon by Landlord or repossession thereof by any lessor thereof or third party having a lien thereon. In addition to the Landlord's other rights hereunder, Landlord may dispose of the stored property if Tenant does not claim the property within twenty (20) days after the date the property is stored. Landlord shall give Tenant at least ten (10) ten days prior written notice of such intended disposition. Landlord shall also have the right to relinquish possession of all or any portion of such furniture, fixtures, equipment and other property to any person ("Claimant") who presents to Landlord a copy of any instrument represented by Claimant to have been executed by Tenant (or any predecessor of Tenant) granting Claimant the right under various circumstances to take Tenant's Initials _____ possession of such furniture, fixtures, equipment or other property, without the necessity on the part of Landlord to inquire into the authenticity or legality of said instrument. The rights of Landlord herein stated shall be in addition to any and all other rights that Landlord has or may hereafter have at law or in equity; and Tenant stipulates and agrees that the rights granted Landlord under this paragraph are commercially reasonable.
Appears in 1 contract
Samples: Standard Industrial Lease Agreement (Advanced Energy Industries Inc)
Tenant’s Personal Property. If Landlord repossesses the Premises pursuant to the authority herein granted, or if Tenant vacates or abandons all or any part of the Premises, then, in addition to Landlord's rights under Paragraph 29 27 hereof, Landlord shall have the right to (i) keep in place and use use, or (ii) remove and store, all of the furniture, fixtures, fixtures and equipment at the Premises, including that which is owned by or leased to Tenant, at all times prior to any foreclosure thereon by Landlord or repossession thereof by any lessor thereof or third party having a lien thereon. In addition to the Landlord's other rights hereunder, Landlord may dispose of the stored property if Tenant does not claim the property within twenty ten (2010) days after the date the property is stored. Landlord shall give Tenant at least ten (10) ten days prior written notice of such intended disposition. Landlord shall also have the right to relinquish possession of all or any portion of such furniture, fixtures, equipment and other property to any person ("Claimant") who presents to Landlord a copy of any instrument represented by Claimant to have been executed by Tenant (or any predecessor of Tenant) granting Claimant the right under various circumstances to take possession of such furniture, fixtures, equipment or other property, without the necessity on the part of Landlord to inquire into the authenticity or legality of said instrument. The rights of Landlord herein stated shall be in addition to any any, and all other rights that Landlord has or may hereafter have at law or in equity; , and Tenant stipulates and agrees that the rights granted Landlord under this paragraph are commercially reasonable.
Appears in 1 contract
Tenant’s Personal Property. If Landlord repossesses the Premises pursuant to the authority herein granted, or if Tenant vacates or abandons all or any part of the Premises, then, in addition to Landlord's ’s rights under Paragraph 29 27 hereof, Landlord shall have the right to (i) keep in place and use use, or (ii) remove and store, all of the furniture, fixtures, fixtures and equipment at the Premises, including that which is owned by or leased to Tenant, at all times prior to any foreclosure thereon by Landlord or repossession thereof by any lessor thereof or third party having a lien thereon. In addition to the Landlord's ’s other rights hereunder, Landlord may dispose of the stored property if Tenant does not claim the property within twenty ten (2010) days after the date the property is stored. Landlord shall give Tenant at least ten (10) ten days prior written notice of such intended disposition. Landlord shall also have the right to relinquish possession of all or any portion of such furniture, fixtures, equipment and other property to any person ("“Claimant"”) who presents to Landlord a copy of any instrument represented by Claimant to have been executed by Tenant (or any predecessor of Tenant) granting Claimant the right under various circumstances to take possession of such furniture, fixtures, equipment or other property, without the necessity on the part of Landlord to inquire into the authenticity or legality of said instrument. The rights of Landlord herein stated shall be in addition to any and all other rights that Landlord has or may hereafter have at law or in equity; , and Tenant stipulates and agrees that the rights granted Landlord under this paragraph are commercially reasonable. 21.
Appears in 1 contract
Tenant’s Personal Property. If Landlord repossesses the Premises pursuant to the authority herein grantedgranted by the Lease, or if Tenant vacates or abandons all or any part of the Premises, then, in addition to Landlord's rights under Paragraph 29 hereof, then Landlord shall have the right to (i1) keep in place and use use, or (ii2) remove and store, at Tenant's expense, all of the furniture, fixtures, equipment, and equipment at other property in the Premises, including that which is owned by or leased to Tenant, at all times prior to any foreclosure thereon by Landlord or repossession thereof by any lessor thereof or third party having a lien thereon. In addition to the Landlord's other rights hereunder, Landlord may dispose of the stored property if Tenant does not claim the property within twenty (20) days after the date the property is stored. Landlord shall give Tenant at least ten (10) ten days prior written notice of such intended disposition. Landlord shall also have the right to relinquish possession of all or any portion of such furniture, fixtures, equipment equipment, and other property to any person (a "Claimant") who presents to Landlord a copy photocopy of any instrument represented by Claimant to have been executed by Tenant Xxxxxx (or any predecessor of Tenant) granting Claimant the right right, under various circumstances circumstances, to take possession of such furniture, fixtures, equipment equipment, or other property, without the necessity on the part of Landlord to inquire into the authenticity or legality of said the instrument. Landlord may, at its option and without prejudice to or waiver of any rights it may have, 1) escort Tenant to the Premises to retrieve any personal belongings of Tenant and/or its employees not covered by Landlord's statutory lien or the security interest described below, or 2) obtain a list from Tenant of the personal property of Tenant and/ or its employees that is not covered by Landlord's statutory lien or the security interest described below, and make such property available to Tenant and/or Tenant's employees; however, Tenant first shall 33265500v4 pay in cash all costs and estimated expenses to be incurred by Landlord in connection with the removal of such property. Non-Waiver by Landlord Xxxxxxxx's acceptance of rent following an Event of Default shall not waive Landlord's rights regarding such Event of Default. Xxxxxxxx's receipt of rent with knowledge of any Event of Default by Tenant under the Lease shall not be a waiver of such Event of Default, and no waiver by Landlord of any provision of the Lease shall be deemed to have been made unless set forth in writing and signed by Landlord. The failure of Landlord to insist at any time upon strict performance of any of the terms of the Lease, or to exercise any option, right, power, or remedy contained in the Lease is not a waiver of said right or remedy in the future. Rights Cumulative The rights of Landlord herein Xxxxxxxx stated shall be above are in addition to any and all other rights that Landlord has or may hereafter have either at law or in equity; , and Tenant stipulates and Xxxxxx agrees that the rights granted by the Lease to Landlord under this paragraph are commercially reasonable.
Appears in 1 contract
Samples: Standard Industrial Net Lease (Power Solutions International, Inc.)
Tenant’s Personal Property. If With respect to Xxxxxxxx's subordination of its interest in Tenant's Personal Property, Xxxxxx's Xxxxxx agrees in writing that:
(a) Tenant's Lender shall notify Landlord repossesses in writing of any default by Tenant under the terms of its loan or financing agreement;
(b) Tenant's Lender shall provide Landlord with not less than ten (10) days' prior written notice of its intent to enter the Premises pursuant and remove its collateral;
(c) Tenant's Lender shall enter the Premises only when accompanied by a representative of Landlord;
(d) Xxxxxx's Lender shall not commit, or permit to be committed, any structural damage to the authority herein granted, or if Tenant vacates or abandons all Premises or any improvement of which the Premises are a part in removing any collateral from the Premises;
(e) Tenant's Lender shall immediately repair any damage to the Premises caused by Xxxxxx's Lender's removal of its collateral and restore the Premises to its condition existing immediately prior to the installation of the Premises, then, collateral removed by Xxxxxx's Lender;
(f) Tenant shall advise Landlord in addition to Landlord's rights under Paragraph 29 hereof, Landlord shall have the right to (i) keep in place and use or (ii) remove and store, all of the furniture, fixtures, and equipment at the Premises, including that which is owned by Tenant, at all times prior to any foreclosure thereon by Landlord or repossession thereof by any lessor thereof or third party having a lien thereon. In addition to the Landlord's other rights hereunder, Landlord may dispose of the stored property if Tenant does not claim the property writing within twenty (20) days after the date expiration or earlier termination of the property is stored. loan or financing arrangement between Xxxxxx's Lender and Tenant; and
(g) Tenant's Lender shall indemnify, protect, defend by counsel satisfactory to Landlord shall give Tenant at least ten and hold harmless Landlord from and against all claims, costs, expenses and liabilities (10including reasonable attorneys' fees) ten days prior written notice incurred in connection with all claims arising from or as a result of such intended disposition. Landlord shall also have the right to relinquish possession death of all or any portion of such furnitureaccident, fixturesinjury, equipment and other property loss or damage whatsoever caused to any person ("Claimant") who presents or to Landlord a copy the property of any instrument represented by Claimant to have been executed by Tenant (or any predecessor of Tenant) granting Claimant the right under various circumstances to take possession of such furniture, fixtures, equipment or other property, without the necessity person as shall occur on the part Premises as a result of Landlord to inquire into any action taken by Xxxxxx's Lender in entering the authenticity or legality of said instrument. The rights of Landlord herein stated shall be in addition to any Premises and all other rights that Landlord has or may hereafter have at law or in equity; and Tenant stipulates and agrees that the rights granted Landlord under this paragraph are commercially reasonableremoving its collateral.
Appears in 1 contract
Samples: Industrial Lease (Versicor Inc /Ca)
Tenant’s Personal Property. If Landlord repossesses the Premises pursuant to the authority herein granted, or if Tenant vacates or abandons all or any part of the Premises, then, in addition to Landlord's rights under Paragraph 29 27 hereof, Landlord shall have the right to (i) keep in place and use use, or (ii) remove and store, all of the furniture, fixtures, fixtures and equipment at the Premises, including that which is owned by or leased to Tenant, at all times prior to any foreclosure thereon by Landlord or repossession thereof by any lessor thereof or third party having a lien thereon. In addition to the Landlord's other rights hereunder, Landlord may dispose of the stored property if Tenant does not claim the property within twenty ten (2010) days after the date the property is stored. Landlord shall give Tenant at least ten (10) ten days prior written notice of such intended disposition. Landlord shall also have the right to relinquish possession of all or any portion of such furniture, fixtures, equipment and other property to any person ("Claimant") who presents to Landlord a copy of any instrument represented by Claimant to have been executed by Tenant (or any predecessor of Tenant) granting Claimant the right under various circumstances to take possession of such furniture, fixtures, equipment or other property, without the necessity on the part of Landlord to inquire into the authenticity or legality of said instrument. The rights of Landlord herein stated shall be in addition to any and all other rights that Landlord has or may hereafter have at law or in equity; , and Tenant stipulates and agrees that the rights granted Landlord under this paragraph are commercially reasonable.
Appears in 1 contract
Tenant’s Personal Property. If Landlord repossesses the Premises pursuant to the authority herein granted, or if Tenant vacates or abandons all or any part of the Premises, then, in addition to Landlord's rights under Paragraph 29 paragraph 26 hereof, Landlord shall have the right to (i) keep in place and use or (ii) remove and store, all of the furniture, fixtures, fixtures and equipment at the Premises, including that which is owned by or leased to Tenant, at all times prior to any foreclosure thereon by Landlord or repossession thereof by any lessor thereof or third party having a lien thereon. In addition to the Landlord's other rights hereunder, Landlord may dispose of the stored property if Tenant does not claim the property within twenty thirty (2030) days after the date the property is stored. Landlord shall give Tenant at least ten thirty (1030) ten days prior written notice of such intended disposition. Landlord shall also have the right to relinquish possession of all or any portion of such furniture, fixtures, equipment and other property to any person ("Claimant") who presents to Landlord a copy of any instrument represented by Claimant to have been executed by Tenant (or any predecessor of Tenant) granting Claimant the right under various circumstances to take possession of such furniture, fixtures, equipment or other property, without the necessity on the part of Landlord to inquire into the authenticity or legality of said instrument. The rights of Landlord herein stated shall be in addition to any and all other rights that Landlord has or may hereafter have at law or in equity; and Tenant stipulates and agrees that the rights granted Landlord under this paragraph 20 are commercially reasonable. Landlord hereby waives and disclaims all statutory, contractual and other Landlord's liens and security interests relating to Tenant's obligations under this Lease.
Appears in 1 contract
Samples: Lease Agreement (Xetel Corp)