Common use of TITLE TO MATERIALS AND SECURITY INTEREST GRANTED TO LESSOR Clause in Contracts

TITLE TO MATERIALS AND SECURITY INTEREST GRANTED TO LESSOR. Except as otherwise expressly provided herein, the Lessee shall not suffer the use in connection with any construction relating to the Project of any materials, fixtures or equipment intended to become part of the Project which are purchased upon lease or conditional bill xx sale or to which the Lessee does not have absolute and unencumbered title. The Lessee covenants to cause to be paid punctually all sums becoming due for labor, materials, fixtures or equipment used or purchased in connection with any such construction and, in recognition of the fact that it is intended that the Project Funds be used to pay for the cost of the construction of the Project on behalf of the Lessor, the Lessee agrees that title to all materials, fixtures and equipment that are incorporated into the Improvements shall automatically pass to the Lessor upon such incorporation without the need for the execution or delivery of any further instrument of conveyance. Notwithstanding the foregoing, in order to more fully secure the Lessor with reference to all advances of Project Funds made hereunder, the Lessee hereby conveys to the Lessor a security interest in all of the Lessee's right, title and interest in materials on the Leased Property which are not at any relevant time incorporated into the Project and materials, wherever located, intended for incorporation into the Project. The Lessee agrees:

TITLE TO MATERIALS AND SECURITY INTEREST GRANTED TO LESSOR. Except as otherwise expressly provided herein, the Lessee shall not suffer the use in connection with any construction relating to the Project of any materials, fixtures or equipment intended to become part of the Project which are purchased upon lease or conditional bill xx of sale or to which the Lessee does not have hxxx absolute and unencumbered title. The Lessee covenants to cause to be paid punctually all sums becoming due for labor, materials, fixtures or equipment used or purchased in connection with any such construction and, in recognition of the fact that it is intended that the Project Funds be used to pay for the cost costs of the construction of the Project on behalf of the Lessor, the Lessee agrees that title to all materials, fixtures and equipment that are incorporated into the Improvements Project shall automatically pass to the Lessor upon such incorporation without the need for the execution or delivery of any further instrument of conveyance. Notwithstanding the foregoing, in order to more fully secure the Lessor with reference to all advances of Project Funds made hereunder, the Lessee hereby conveys to the Lessor a security interest in all of the Lessee's right, title and interest in materials on the Leased Property which are not at any relevant time incorporated into the Project and materials, wherever located, intended for incorporation into the Project. The Lessee agrees:

TITLE TO MATERIALS AND SECURITY INTEREST GRANTED TO LESSOR. Except as otherwise expressly provided herein, the Lessee Developer shall not suffer or permit the use in connection with any construction relating to the Project of any materials, fixtures or equipment intended to become part of the Project which are purchased upon lease or conditional bill xx sale or to which the Lessee Developer does not have absolute and unencumbered title. The Lessee Developer covenants to cause to be paid punctually all sums becoming due for labor, materials, fixtures or equipment used or purchased in connection with any such construction and, in recognition of the fact that it is intended that the Project Funds be used to pay for the cost of the construction of the Project on behalf of the Lessor, the Lessee Developer agrees that title to all materials, fixtures and equipment that are incorporated into the Improvements shall automatically pass to the Lessor upon such incorporation without the need for the execution or delivery of any further instrument of conveyance. Notwithstanding the foregoing, in order to more fully secure the Lessor with reference to all advances of Project Funds made hereunder, the Lessee Developer hereby conveys to the Lessor a security interest in all of the LesseeDeveloper's right, title and interest in materials on the Leased Property which are not at any relevant time incorporated into the Project and materials, wherever located, intended for incorporation into the Project. The Lessee Developer agrees:

TITLE TO MATERIALS AND SECURITY INTEREST GRANTED TO LESSOR. Except as otherwise expressly provided herein, the Lessee Developer shall not suffer or permit the use in connection with any construction relating to the Project of any materials, fixtures or equipment intended to become part of the Project which are purchased upon lease or conditional bill xx sale or to which the Lessee Developer does not have absolute and unencumbered title. The Lessee Developer covenants to cause to be paid punctually all sums becoming due for labor, materials, fixtures or equipment used or purchased in connection with any such construction and, in recognition of the fact that it is intended that the Project Funds be used to pay for the cost of the construction of the Project on behalf of the Lessor, the Lessee Developer agrees that title to all materials, fixtures and equipment that are incorporated into the Improvements shall automatically pass to the Lessor upon such incorporation without the need for the execution or delivery of any further instrument of conveyance. Notwithstanding the foregoing, in order to more fully secure the Lessor with reference to all advances of Project Funds made hereunder, the Lessee Developer hereby conveys to the Lessor a security interest in all of the LesseeDeveloper's right, title and interest in materials on the Leased Property which are not at any relevant time incorporated into the Project and materials, wherever located, intended for incorporation into the Project. The Lessee agrees:the