Owner/Secured Party Clause Samples

Owner/Secured Party. Tenant may enter into any arrangement to finance all or any portion of Tenant’s Equipment and Personalty either before or after the installation thereof in the Property and whether such financing shall be in the form of a mortgage, financing agreement, equipment lease, equipment sale-leaseback or otherwise; provided, however, in no event shall any such security instrument or interest attach all or any portion of the Property except as permitted pursuant to Section 14 above. Landlord expressly agrees it shall not withhold its consent or refuse to execute any agreement or instrument requested by Tenant, which consent, agreement or instrument evidences an Owner/Secured Party’s right of entry onto the Property for purposes of taking possession of Tenant’s Equipment and Personalty or such portion thereof in which such Owner/Secured Party has a security interest. Landlord agrees to execute and deliver to Tenant and such Owner/Secured Party, within ten (10) days after request therefor, such consent, agreement or instrument.