Common use of Storage Lien Clause in Contracts

Storage Lien. Equipment will be subject to a lien in favor of Facility for unpaid rent. Owner acknowledges Facility’s right to possession and control of the Equipment pursuant to law upon default by Owner.

Storage Lien. Equipment will be subject to a lien in favor of Facility for unpaid rent. Owner acknowledges Facility▇▇▇▇▇▇▇▇’s right to possession and control of the Equipment pursuant to law upon default by Owner.