Equipment Lien Sample Clauses

Equipment Lien. In addition to the security deposit, currently held by Landlord, Tenant hereby agrees to pledge as security, the Tenant’s property consisting of machinery, trade equipment, business and trade fixtures, refrigeration equipment, cabinetry, countertops, tables and chairs, and other trade equipment whether presently placed or installed or hereafter placed or installed at said Premises and including substitutions, accessions, additions and replacements thereof or thereto by Tenant, subtenants of Tenant or assignees of Tenant. All rent, reasonable expenses of retaking, holding, preparing for sale or lease, selling or otherwise disposing of Tenant’s property, together with reasonable attorney’s fees and court costs are secured by this agreement. Tenant represents and warrants that it is the owner of Tenant’s property except for the security interest granted by this agreement. The term “Tenant’s property” shall not include or be deemed to include any item now or hereinafter installed in the Premises that is an integral part of the Building, including, without limiting the generality of the foregoing, heating plants and systems and air conditioning, electrical and plumbing fixtures, and other like equipment and fixtures. All such items now or hereafter installed in the Premises by Tenant, Landlord or Tenant’s sub-Tenant or Tenant’s assigned belong to the Landlord upon installation. At no time will the Landlord agree to sign a Waiver from any lending institution and/or finance company regarding its rights to the “Tenant’s property”. In addition to Landlord’s lien pursuant to Chapter 83, Florida Statutes, Tenant hereby grants to and in favor of Landlord a security interest in Tenant’s right, title and interest in and to Tenant’s Property during the Term, and authorizes Landlord to file and/or record any and all UCC Financing Statements and Amendments thereto as Landlord shall from time to time deem necessary in connection with such security interest. Tenant will keep Tenant’s property in good condition and repair, reasonable wear and tear excepted. Tenant will permit Landlord and its agents to inspect Tenant’s Property at any time without prior notice. Tenant shall be in default under this Lease if Tenant removes, replaces or sells Tenant’s property without the written consent of Landlord. In addition, to all of the remedies set forth in the Lease, Landlord shall have the option to remove and store Tenant’s property at the expense of Tenant or sell the same on behalf...
Sample 1Sample 2See All (4)
AutoNDA by SimpleDocs
Equipment Lien. 10.1. If LESSEE intends to dispose of the EQUIPMENT under this instrument, LESSEE has the preference on the acquisition, under the same conditions and prices of third parties, which shall be notified thereon in writing at least in fifteen (15) days. If the term ends and LESSEE has not expressed an interest in making the acquisition, the EQUIPMENT shall be disposed to the interested party.
Sample 1
Equipment Lien. To secure payment of the 8% Note and 4% Note, in addition to the continuing security interest of the Sellers in and to the New Certificates pursuant to the terms of the Security Agreement, the Shareholders will be further granted a lien on all Equipment described in Schedule 4.13 of this Agreement located at the NY Property and the NC Property. This Equipment Lien will be subordinate only to the lien granted to Buyer's Primary Institutional Lender, but will remain a first lien as to all other creditors. Until the Buyer has paid at least $1,500,000 of the principal of the 8% Note and two (2) years have elapsed from the Closing Date, neither Buyer nor the Companies shall remove from the NY Property any of the Equipment presently located thereon. The Shareholders agree to execute and deliver to the Buyer's Primary Institutional Lender a Subordination Agreement with respect to the lien to be granted on the Companies' Equipment containing such terms and conditions as the Shareholders and the Primary Institutional Lender shall agree upon so long as the costs up to ten thousand ($10,000.00) dollars associated with the preparation and/or review of such Subordination Agreement by Shareholders or their representatives, including reasonable attorney's fees, are payable by, and are the responsibility of, Buyer.
Sample 1
Equipment Lien. 7.02 As further security for repayment of the obligations as provided herein, Finisterre/ Golden grants to West Coast a lien or liens on the equipment identified with Exhibit "C" attached to the Amended Loan Agreement and on all equipment and other tangible assets purchased in connection with or relating to the Mine and Finisterre/Golden agrees that the Pledge Agreement executed on or about December 20, 1996 in connection with the Amended Loan Agreement (Exhibit "C" thereto) shall remain in full force and effect and guarantee all obligations herein as if executed herewith. Foreclosure for Default
Sample 1
Equipment Lien. As required pursuant to Rule 26(6) of the USF Rules, all equipment deployed by the Telecenter Service Provider in establishing Telecenters shall be subject to a lien exercisable by USFCo pursuant to the documented terms of the lien and Section 4.02 (a) (iv). The lien shall have a maximum value equal to the total value of subsidy, minus the value of land, building and OPEX subsidy. The Telecenter Service Provider shall execute, concurrently with this BOT Agreement, a Letter of Lien as at Schedule G to substantiate the lien and to support its enforceability. The Telecenter Service Provider shall, prior to execution of the lien, obtain and provide to USFCo the unconditional no objection certificates of its secured creditors so as to enable USFCo to register the equipment lien with the relevant Company Registration Office of the Securities and Exchange Commission of Pakistan.
Sample 1

Related to Equipment Lien

  • Security Interest in Financed Equipment Immediately prior to the sale, assignment and transfer thereof, each Receivable shall be secured by a validly perfected first priority security interest in the Financed Equipment in favor of CNHICA as secured party or all necessary and appropriate actions have been commenced that would result in the valid perfection of a first priority security interest in the Financed Equipment in favor of CNHICA as secured party.

  • Assemble Collateral Lender may require Grantor to deliver to Lender all or any portion of the Collateral and any and all certificates of title and other documents relating to the Collateral. Lender may require Grantor to assemble the Collateral and make it available to Lender at a place to be designated by Lender. Lender also shall have full power to enter upon the property of Grantor to take possession of and remove the Collateral. If the Collateral contains other goods not covered by this Agreement at the time of repossession, Grantor agrees Lender may take such other goods, provided that Lender makes reasonable efforts to return them to Grantor after repossession.

  • Possessory Collateral Immediately upon Borrower’s receipt of any portion of the Collateral evidenced by an agreement, Instrument or Document, including, without limitation, any Tangible Chattel Paper and any Investment Property consisting of certificated securities, Borrower shall deliver the original thereof to Lender together with an appropriate endorsement or other specific evidence of assignment thereof to Lender (in form and substance acceptable to Lender). If an endorsement or assignment of any such items shall not be made for any reason, Lender is hereby irrevocably authorized, as Borrower’s attorney and agent-in-fact, to endorse or assign the same on Borrower’s behalf.

  • Equipment and Inventory With respect to any Equipment and/or Inventory of an Obligor, each such Obligor has exclusive possession and control of such Equipment and Inventory of such Obligor except for (i) Equipment leased by such Obligor as a lessee or (ii) Equipment or Inventory in transit with common carriers. No Inventory of an Obligor is held by a Person other than an Obligor pursuant to consignment, sale or return, sale on approval or similar arrangement.

  • Security Interest in Financed Vehicles Immediately prior to the transfer of the Receivables by the Depositor to the Trust, each Receivable was secured by a valid, binding and enforceable first priority perfected security interest in favor of the Seller in the related Financed Vehicle, or all necessary and appropriate actions shall have been commenced that would result in the valid perfection of a first priority security interest in favor of the Seller in the Financed Vehicle, which security interest has been validly assigned by the Seller to the Depositor pursuant to the Receivables Purchase Agreement and by the Depositor to the Trust hereunder.

  • Collateral The Collateral for this Note includes the Funding Agreement and the Guarantee specified on the face hereof.

  • Maintenance of Security Interests in Financed Vehicles The Servicer shall, in accordance with its customary servicing procedures, take such steps as are necessary to maintain perfection of the security interest created by each Receivable in the related Financed Vehicle. The Servicer is hereby authorized to take such steps as are necessary to re-perfect such security interest on behalf of the Issuing Entity and the Indenture Trustee in the event of the relocation of a Financed Vehicle or for any other reason.

  • Security Interest and Collateral In order to secure the payment and performance of the Secured Obligations, the Debtor hereby grants to the Secured Party a security interest (herein called the “Security Interest”) in and to the following property (hereinafter collectively referred to as the “Collateral”): SEE EXHIBIT A ATTACHED HERETO AND INCORPORATED HEREIN BY THIS REFERENCE.

  • Security Interest in Financed Vehicle Immediately prior to the sale, transfer and assignment thereof pursuant hereto and the First Step Receivables Assignment, each Receivable was secured by a validly perfected first priority security interest in the Financed Vehicle in favor of the Seller as secured party or all necessary and appropriate action had been commenced that would result in the valid perfection of a first priority security interest in the Financed Vehicle in favor of the Seller as secured party.

Time is Money Join Law Insider Premium to draft better contracts faster.