Warehouse Lien Sample Clauses

A Warehouse Lien clause establishes the warehouse operator's legal right to retain possession of stored goods until payment for storage and related charges is received. In practice, this means that if a customer fails to pay fees for warehousing services, the warehouse can hold the goods and may even sell them to recover the owed amount. This clause ensures the warehouse has a form of security for unpaid debts, protecting it from financial loss due to nonpayment.
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Warehouse Lien. Warehouse Operator shall have a lien on the Goods and upon the proceeds from the sale thereof to secure Depositor's payment of all fees, charges and expenses incurred hereunder in connection with the storage, transportation, preservation, and handling of the Goods, as well as for like charges and expenses in relation to any other goods whenever deposited with Warehouse Operator by Depositor. Warehouse Operator may enforce this lien at any time, including by selling all or any part of the Goods in accordance with applicable law.
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Warehouse Lien. MacroFab has a general lien against all Customer Goods and proceeds thereof in MacroFab’s possession for all storage, transportation, insurance, labor and other charges in relation to the Goods, and expenses necessary for the preservation of and reasonably incurred in the sale of the Goods, in accordance with MacroFab’s warehouse lien rights under the Texas Business & Commerce Code, and MacroFab may enforce such lien rights by public or private sale of the Goods in accordance with applicable law.
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Warehouse Lien. Frontier shall have a lien on the Materials to secure Depositor's payment of all fees, charges and expenses hereunder in connection with the storage, transportation, preservation, and handling of the Materials. Frontier may enforce this lien at any time, including by selling all or any part of the Materials in accordance with applicable law and Section 7.
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Warehouse Lien. Radial shall have a lien on Company merchandise located at a Radial facility and upon the proceeds from the sale thereof to secure Company’s payment of all fees, charges and expenses incurred hereunder in connection with the storage, transportation, preservation, and handling of the merchandise, as well as for like charges and expenses in relation to any other merchandise whenever deposited with Radial by Company. Radial may enforce this lien at any time, including by prohibiting the removal of some or all of such merchandise until all fees owing Radial are paid in full, and in the event any amounts are past due by more than sixty (60) days, selling some or all of the merchandise in accordance with applicable law.
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Warehouse Lien. CC3 shall have a lien on the Goods and upon the proceeds from the sale thereof to secure Customer’s payment of all fees, charges, and expenses hereunder in connection with the storage, transportation, preservation, and handling of the Goods as well as for like charges and expenses in relation to any other goods whenever deposited with CC3 by Customer. CC3 may enforce this lien at any time, including by selling all or any part of the Goods in accordance with applicable law.
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Warehouse Lien. Artico shall have a general warehouse lien against the Goods and on the proceeds thereof for all charges for storage, handling, transportation (including detention, demurrage and terminal charges), insurance, labor and other charges present or future with respect to the Goods, advances or loans by ▇▇▇▇▇▇ in relation to the Goods and for expenses necessary for the preservation of the Goods or reasonably incurred in their sale pursuant to law. ▇▇▇▇▇▇ further claims a general warehouse lien on the Goods for all other such charges, advances and expenses due to Artico or any related entity from Client for property stored by Client in any warehouse owned or operated by Artico or any related entity wherever located. Unless expressly stated otherwise in writing, Artico will not subordinate its lien to any lender, financial institution, or any other third party. Artico may enforce this lien at any time, including by selling all or any part of the Goods in accordance with applicable law. This remedy is addition to any other remedy Artico may have at law or under these Terms. Client represents and warrants that it is lawfully possessed of the Goods and has the right and authority to store them with Artico’s facilities. Client agrees to indemnify and hold harmless Artico from all loss, cost, and expense (including reasonable attorneys’ fees) that Artico pays or incurs as a result of any dispute or litigation, whether instituted by ▇▇▇▇▇▇ or others, respecting Client’s right, title, or interest in the Goods. Such amounts shall be charges in relation to the Goods and subject to ▇▇▇▇▇▇’s warehouse lien.
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Warehouse Lien. Gadget Lab shall have a lien on the Goods and upon the proceeds from the sale thereof to secure Customer’s payment of all fees, charges, and expenses hereunder in connection with the storage, transportation, preservation, and handling of the Goods as well as for like charges and expenses in relation to any other goods whenever deposited with Gadget Lab by Customer. Gadget Lab may enforce this lien at any time, including by selling all or any part of the Goods in accordance with applicable law.
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Warehouse Lien. Artico shall have a lien on the Goods and upon the proceeds from the sale thereof to secure Client’s payment of all fees, charges and expenses hereunder in connection with the Warehouse Services, transportation, preservation, and handling of the Goods as well as for like charges and expenses in relation to any other goods whenever deposited with Artico by Client. Artico may enforce this lien at any time, including by selling all or any part of the Goods in accordance with applicable law. This remedy is addition to any other remedy Artico may have at law or under these Terms.
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Related to Warehouse Lien

  • Real Estate Collateral With respect to any real property (individually and collectively, the “Premises”) (a) owned in fee simple by the Borrower or any of the Guarantors on the date hereof, (b) acquired in fee simple by the Borrower or any Guarantor after the date hereof with a purchase price of greater than $1,000,000 or (c) leased by the Borrower or any of the Guarantors, which leasehold estate becomes Additional Leasehold Collateral (each a “Material Real Property”), within 60 days after the date hereof in the case of clause (a), within 90 days of the acquisition thereof in the case of clause (b) and, subject to the proviso of the definition of “Additional Leasehold Collateral”, within 90 days after receipt of the Administrative Agent’s request (at the direction of the Lenders in accordance with the definition of “Additional Leasehold Collateral”) to include such leasehold as additional Collateral in the case of clause (c): (i) the Borrower shall deliver to the Administrative Agent, as mortgagee, fully executed counterparts of Mortgages, each dated not later than 60 days after the date hereof or 90 days after the date of acquisition of such Material Real Property, as the case may be, duly executed by the Borrower or the applicable Guarantor, together with evidence of the completion (or satisfactory arrangements for the completion), of all recordings and filings of such Mortgage as may be necessary to create a valid, perfected Lien, subject to Permitted Liens, against the properties purported to be covered thereby; (ii) the Borrower shall deliver to the Administrative Agent mortgagee’s title insurance policies (or marked up title insurance commitments having the effect of title insurance policies) in favor of the Administrative Agent, as mortgagee for the ratable benefit of the Secured Parties in an amount equal to 100% of the fair market value of the Premises purported to be covered by the related Mortgage, as estimated by the Borrower in good faith, insuring that title to such property is marketable and that the interests created by the Mortgage constitute valid Liens thereon free and clear of all Liens, defects and encumbrances other than Permitted Liens, and shall be accompanied by evidence of the payment in full of all premiums thereon; and (iii) the Borrower shall deliver to the Administrative Agent, with respect to each of the covered Premises, the most recent survey of such Premises, together with either (A) an updated survey certification in favor of the Administrative Agent from the applicable surveyor stating that, based on a visual inspection of the property and the knowledge of the surveyor, there has been no change in the facts depicted in the survey or (B) an affidavit from the Borrower and the Guarantors stating that there has been no change, other than, in each case, changes that do not materially adversely affect the use by the Borrower or Guarantor, as applicable, of such Premises for the Borrower or such Guarantor’s business as so conducted, or intended to be conducted, at such Premises. Notwithstanding the foregoing, (i) the Borrower and the Guarantors shall not be required to pledge or grant any security interest in any Material Real Property if the cost of perfecting the lien exceeds the fair market value of such Material Real Property and (ii) so long as the Indenture is outstanding, the provisions of this Section 6.17 shall not apply with respect to any real property which has not been included as “Collateral” under the Indenture.

  • Collateral Each of the Banks represents to the Agent and each of the other Banks that it in good faith is not relying upon any "margin stock" (as defined in Regulation U) as collateral in the extension or maintenance of the credit provided for in this Agreement.

  • Subordination to Mortgage This Lease, and any sublease entered into by Tenant under the provisions of this Lease, shall be subject and subordinate to any ground lease, mortgage, deed of trust, sale/leaseback transaction or any other hypothecation for security now or hereafter placed upon the Premises, the Building, the Center, or any of them, and the rights of any assignee of Landlord or of any ground lessor, mortgagee, trustee, beneficiary or leaseback lessor under any of the foregoing, and to any and all advances made on the security thereof and to all renewals, modifications, consolidations, replacements and extensions thereof; provided, however, that such subordination in the case of any future ground lease, mortgage, deed of trust, sale/leaseback transaction or any other hypothecation for security placed upon the Premises, the Building, the Center, or any of them shall be conditioned on Tenant’s receipt from the ground lessor, mortgagee, trustee, beneficiary or leaseback lessor of a Non-Disturbance Agreement in a form reasonably acceptable to Tenant (i) confirming that so long as Tenant is not in material default hereunder beyond any applicable cure period (for which purpose the occurrence and continuance of any event of default under Section 14.1 hereof shall be deemed to be “material”), Tenant’s rights hereunder shall not be disturbed by such person or entity and (ii) agreeing that the benefit of such Non-Disturbance Agreement shall be transferable to any transferee under a Permitted Transfer and to any other assignee or subtenant that is acceptable to the ground lessor, mortgagee, trustee, beneficiary or leaseback lessor at the time of transfer. If any mortgagee, trustee, beneficiary, ground lessor, sale/leaseback lessor or assignee elects to have this Lease be an encumbrance upon the Center prior to the lien of its mortgage, deed of trust, ground lease or leaseback lease or other security arrangement and gives notice thereof to Tenant, this Lease shall be deemed prior thereto, whether this Lease is dated prior or subsequent to the date thereof or the date of recording thereof. Tenant, and any sublessee, shall execute such documents as may reasonably be requested by any mortgagee, trustee, beneficiary, ground lessor, sate/leaseback lessor or assignee to evidence the subordination herein set forth, subject to the conditions set forth above, or to make this Lease prior to the lien of any mortgage, deed of trust, ground lease, leaseback lease or other security arrangement, as the case may be. Upon any default by Landlord in the performance of its obligations under any mortgage, deed of trust, ground lease, leaseback lease or assignment, provided that Tenant has received such a Non-Disturbance Agreement from the applicable party, Tenant (and any sublessee) shall, notwithstanding any subordination hereunder, attorn to the mortgagee, trustee, beneficiary, ground lessor, leaseback lessor or assignee thereunder upon demand and become the tenant of the successor in interest to Landlord, at the option of such successor in interest, and shall execute and deliver any instrument or instruments confirming the attornment herein provided for. Landlord represents and warrants to Tenant that as of the date of this Lease, neither the Premises, the Building nor the Center is subject to any existing ground lease, mortgage, deed of trust, sale/leaseback transaction or any other hypothecation for security.

  • Security Interest in Financed Vehicle Immediately prior to the sale, transfer and assignment thereof pursuant hereto and the First Step Receivables Assignment, each Receivable was secured by a validly perfected first priority security interest in the Financed Vehicle in favor of the Seller as secured party or all necessary and appropriate action had been commenced that would result in the valid perfection of a first priority security interest in the Financed Vehicle in favor of the Seller as secured party.

  • Security Interest in Financed Vehicles Immediately prior to the transfer of the Receivables by the Depositor to the Trust, each Receivable was secured by a valid, binding and enforceable first priority perfected security interest in favor of the Seller in the related Financed Vehicle, or all necessary and appropriate actions shall have been commenced that would result in the valid perfection of a first priority security interest in favor of the Seller in the Financed Vehicle, which security interest has been validly assigned by the Seller to the Depositor pursuant to the Receivables Purchase Agreement and by the Depositor to the Trust hereunder.