EQUIPMENT; SECURITY INTEREST Sample Clauses

EQUIPMENT; SECURITY INTEREST. The terms and conditions of this Agreement cover each item of machinery, equipment and other property (individually an "Item" or "Item of Equipment" and collectively the "Equipment") described in a schedule now or hereafter executed by the parties hereto and made a part hereof (individually a "Schedule" and collectively the "Schedules"). Debtor hereby grants Secured Party a security interest in and to all Debtor's right, title and interest in and to the Equipment under the Uniform Commercial Code, such grant with respect to an Item of Equipment to be as of Debtor's execution of a related Equipment Financing Commitment referencing this Agreement or, if Debtor then has no interest in such Item, as of such subsequent time as Debtor acquires an interest in the Item. Such security interest is granted by Debtor to secure performance by Debtor of Debtor's obligations to Secured Party hereunder and under any other agreements under which Debtor has or may hereafter have obligations to Secured Party. Debtor will ensure that such security interest will be and remain a sole and valid first lien security interest subject only to the lien of current taxes and assessment not in default but only if such taxes are entitled to priority as a matter of law.

EQUIPMENT; SECURITY INTEREST. At your expense, you shall keep the Equipment: (i) in good repair, condition and working order, in compliance with applicable laws, ordinances and manufacturers’ and regulatory standards; (ii) free and clear of all liens and claims; and (iii) at your address shown on page 1, and you agree not to move it unless we agree in writing. You grant us a security interest in the Equipment to secure all amounts you owe us under this Agreement or any other equipment lease or equipment loan agreement with us. You authorize and ratify our filing of any financing statement(s) to show our interest. You will not change your name, state of organization, headquarters or residence without providing prior written notice to us. You will notify us within 30 days if your state of organization revokes or terminates your existence.

EQUIPMENT; SECURITY INTEREST. Under this agreement Creditor will provide Debtor financing as to each item of machinery, equipment and other property (individually with all accessions, additions and replacements an "Item" and collectively the "Equipment") described in a schedule referencing this Agreement and incorporated herein executed by Creditor and Debtor (individually a "Schedule"). Debtor shall acquire and maintain title or, in the case of software, alternatively a license, to each Item subject only to Creditor's lien described below and the lien of current property taxes not in default. Debtor hereby grants Creditor a security interest in and to all Debtor's right, title and interest in and to the Equipment under the Uniform Commercial Code, such grant with respect to an Item to be as of the later of Debtor's execution of a related proposal or Schedule or Debtor acquiring an interest in the Item. Such security interest is granted to secure performance by ▇▇▇▇▇▇ of Debtor's obligations hereunder and under any other agreements under which Debtor now or hereafter has obligations to Creditor.

EQUIPMENT; SECURITY INTEREST. At your expense, you shall keep the Equipment: (i) in good repair, condition and working order, in compliance with applicable laws, ordinances and manufacturers' and regulatory standards;

EQUIPMENT; SECURITY INTEREST. For purposes of the Lease and this Tenant Work Letter, the "Equipment Security Interest" shall mean a security interest (benefiting Construction Lender) in that certain equipment being installed into the Premises as part the Tenant Improvements which is specifically identified on Schedule 2, attached hereto (the "Secured Improvements"). Notwithstanding any provision in this Tenant Work Letter or this Lease to the contrary, to the extent Equipment Security Interest option is elected and the same is established to the benefit of the Construction Lender, in the event of a Tenant default pursuant to the terms of the Construction Loan agreement, Construction Lender shall provide Landlord with a right of first offer to purchase each of the Secured Improvements at least thirty (30) days prior to Construction Lender removing such Secured Improvements from the Premises. To the extent Construction Lender removes any Secured Improvements from the Premises for any reason, Construction Lender shall repair any damage to the Premises and/or Building caused by such removal and shall return the affected portion of the Premises and/or the Building to a building standard tenant improved condition as reasonably determined by Landlord.

EQUIPMENT; SECURITY INTEREST. The terms and conditions of this agreement cover each item of machinery, equipment and other property (individually an "item" or "Item of Equipment" and collectively the "Equipment") described in a schedule now or hereafter executed by the parties hereto and made a part hereof (individually a "Schedule" and collectively the "Schedules"). Debtor hereby grants Secured Party a security interest in and to all Debtor's right, title and interest in and to the Equipment together with (i) all accounts, instruments, documents, general intangibles, security deposits, or reserves; (ii) all spares, repairs, accessories, additions, attachments, replacements, substitutions, or accessions; and (iii) all insurance, software used in, and other proceeds, supporting obligations or products, all as may directly or indirectly arise out of or be related to the foregoing Equipment, now existing or hereafter arising, all wherever located, such grant with respect to an Item of Equipment to be as of Debtor's execution of a related equipment financing commitment referencing this agreement or, if Debtor then has no interest in such Item, as of such subsequent time as Debtor acquires an interest in the Item. Such security interest is granted by ▇▇▇▇▇▇ to secure performance by Debtor of Debtor's obligations to Secured ▇▇▇▇▇ hereunder and under any other agreements under which Debtor has or may hereafter have obligations to Secured Party. Debtor will ensure that such security interest will be and remain a sole and valid first lien security interest subject only to the lien of current taxes and assessments not in default but only if such taxes are entitled to priority as a matter of law.