Common use of Tenant's Right to Encumber Tenant's Property Clause in Contracts

Tenant's Right to Encumber Tenant's Property. Tenant shall also have the right, notwithstanding any other provisions of this Article 9 (including, but not limited to, Landlord's purchase option for the Option Property pursuant to Section 9.2(g) below), to use Tenant's Property as security for third-party financing during the term of this Lease, and Landlord agrees to cooperate in all reasonable respects with any such third-party financing sought by Tenant against the security of Tenant's Property, including recognition by Landlord of the lender's right, subject to reasonable conditions, to foreclose upon and remove Tenant's Property upon a default by Tenant under such financing.

Appears in 2 contracts

Samples: Collaboration and Facilities Agreement (Cytokinetics Inc), Collaboration and Facilities Agreement (Cytokinetics Inc)

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Tenant's Right to Encumber Tenant's Property. Tenant shall also have the right, notwithstanding any other provisions of this Article 9 (including, but not limited to, Landlord's ’s purchase option for the Option Property pursuant to Section 9.2(g) below), to use Tenant's ’s Property as security for third-party financing during the term of this Lease, and Landlord agrees to cooperate in all reasonable respects with any such third-party financing sought by Tenant against the security of Tenant's ’s Property, including recognition by Landlord of the lender's ’s right, subject to reasonable conditions, to foreclose upon and remove Tenant's ’s Property upon a default by Tenant under such financing.

Appears in 1 contract

Samples: Sub Sublease (Cytokinetics Inc)

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Tenant's Right to Encumber Tenant's Property. Tenant shall also -------------------------------------------- have the right, notwithstanding any other provisions of this Article 9 (including, but not limited to, Landlord's purchase option for the Option Property pursuant to Section 9.2(g) below), to use Tenant's Property as security for third-party financing during the term of this Lease, and Landlord agrees to cooperate in all reasonable respects with any such third-party financing sought by Tenant against the security of Tenant's Property, including recognition by Landlord of the lender's right, subject to reasonable conditions, to foreclose upon and remove Tenant's Property upon a default by Tenant under such financing.

Appears in 1 contract

Samples: Cor Therapeutics Inc / De

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