Common use of Operator’s Lien Clause in Contracts

Operator’s Lien. Occupant hereby grants, confirms, acknowledges and agrees that Operator and Operator’s heirs, executors, administrators, successors and assigns have a lien upon all personal property located at or upon the Space or Premises for all rent, labor and other charges, present or future, in relation to the personal property and for expenses necessary for its preservation or expenses reasonably incurred in its sale or other disposition pursuant to C.R.S. §38-21.5- 102, as amended from time to time. The lien attaches as of the date the personal property is brought to the Premises and continues so long as the Operator retains possession of the personal property and until the default is corrected, or a sale is conducted, or the property is otherwise disposed of to satisfy the lien.

Operator’s Lien. Occupant hereby grants, confirms, acknowledges and agrees that Operator and Operator’s heirs, executors, administrators, successors and assigns have a lien upon all personal property located at or upon the Space or Premises for all rent, labor and other charges, present or future, in relation to the personal property and for expenses necessary for its preservation or expenses reasonably incurred in its sale or other disposition pursuant to C.R.S. §38-21.5- 21.5-102, as amended from time to time. The lien attaches as of the date the personal property is brought to the Premises and continues so long as the Operator retains possession of the personal property and until the default is corrected, or a sale is conducted, or the property is otherwise disposed of to satisfy the lien.