Common use of Purchase of Materials Under Conditional Sales Contract Clause in Contracts

Purchase of Materials Under Conditional Sales Contract. No materials, equipment, fixtures or any other part of the Facility shall be purchased by Borrower under any security agreement or other arrangements wherein the seller reserves or purports to reserve the right to remove or to repossess any such items or to consider them personal property after their incorporation in the work of construction, unless consented to by Administrative Agent in writing or permitted to Facility Lessee by the Facility Lease.

Purchase of Materials Under Conditional Sales Contract. No materials, equipment, fixtures or any other part of the Facility Mortgaged Property shall be purchased by Borrower or installed under any security agreement or other arrangements wherein the seller reserves or purports to reserve the right to remove or to repossess any such items or to consider them personal property after their incorporation in the work of construction, unless consented to by Administrative Agent Lender in writing or permitted to Facility Lessee by the Facility Leasewriting.