Examples of Lessee Collateral in a sentence
Lessee shall keep in its possession at all times the items described in clauses (c) and (e) of the definition of Lessee Collateral.
Except as specifically provided for herein, Lessor shall be deemed to have a first priority, perfected security interest in and Lien on the Items of Equipment and the other Lessee Collateral, free and clear of all Liens other than Permitted Liens, as security for the obligations of Lessee under the Operative Documents.
Perth and Kinross Councils air quality monitoring continued to show exceedances around the city centre for NO2.
Lessee shall pay and assume liability for, and does hereby agree to indemnify, protect and defend the Equipment and the other Lessee Collateral and all Indemnitees, and hold the Equipment and the other Lessee Collateral and all Indemnitees harmless against, all Impositions on an Grossed- Up Basis.
Promptly upon request, but not later than three Business Days thereafter, each Lessee shall deliver such instruments, assignments, or other documents or agreements, and shall take such actions, as Lessor reasonably deems appropriate under applicable Law to evidence or perfect its Lien on any Lessee Collateral, or otherwise to give effect to the intent of this Agreement.