Examples of Personalty Leases in a sentence
No consent is required under the Personalty Leases or the Equipment Lease in connection with the Merger.
The Company and its Subsidiaries do not lease any personal property other than pursuant to (i) leases which expire on not more than 90 days notice by the Company or a Subsidiary, (ii) leases which require annual rentals of not more than $25,000, (iii) the "Equipment Lease" (as defined in the Omnibus Agreement) and (iv) leases ("Personalty Leases") listed in the Disclosure Letter.
Mortgagee, acting itself or by and through any representative, may elect either prior to or at such sale not to proceed under such Section 9.501(d) by notifying Mortgagor of the manner in which Mortgagee intends to proceed with regard to the Personalty, Leases and Rents.
The Company and xxx Xxbsidiaries are not in material default under any of the Personalty Leases or the Equipment Lease and the Company is not aware of any fact which, with notice and/or passage of time, would constitute such a default.
This Deed of Trust constitutes a valid, subsisting, first lien deed of trust on the Land, the Improvements, the Fixtures and a valid, subsisting first security interest in and to the Personalty, Leases and Rents, all in accordance with the terms hereof.