Landlord Liens definition
Examples of Landlord Liens in a sentence
Tenant further acknowledges that Landlord has assigned and pledged (or may assign or pledge in the future) to the Facility Mortgagee, as additional security for Landlord's obligations under the loan secured by the Facility Mortgage, Landlord's rights and interests under the Landlord Liens with respect to any and all Tenant's Personal Property, Working Capital and Excess FF&E Leasehold Interest now owned or hereafter acquired by Tenant at any time while the Facility Mortgage remains in effect.
Tenant acknowledges that Landlord has pledged and assigned to the Facility Mortgagee, as additional security for Landlord's obligations under the loan secured by the Facility Mortgage, the Working Capital Note and Landlord's rights and interest in respect of this Lease, including all Landlord Liens with respect to any and all Tenant's Personal Property, including, without limitation, all Working Capital owned by Tenant during the Term of this Lease, securing Tenant's obligations hereunder.
Landlord hereby waives any Landlord Liens that it may have now or in the future for unpaid rent with respect to any accounts receivable or accounts owed to or to be reimbursed to Tenant.
Waiver of Landlord Liens................................................................................
Tenant shall, upon the expiration or termination of this Lease, and at its own expense, quit and surrender the Property to Landlord in compliance with the maintenance conditions required by this Lease and in good order and condition, ordinary wear and tear excepted, broom clean, with all personal property removed, free and clear of all Liens other than Landlord Liens and Liens described in clause (vi) of the definition of Permitted Liens.