Equipment Lien definition
Equipment Lien means any security interest, financing lease, personal property lien, conditional sales agreement, chattel mortgage, security agreement, title retention arrangement or any similar arrangement (including any related financing statement) for Tenant’s acquisition or leasing of any Financed FF&E used in the Premises that is leased, purchased under conditional sale or installment sale arrangements, encumbered by a security interest, or used under a license, provided that each Equipment Lien encumbers or otherwise relates only to the Financed FF&E for which such secured party provides bona fide purchase-money financing or a bona fide equipment lease, after the Commencement Date. A Leasehold Mortgage is not an Equipment Lien.
Equipment Lien means any security interest, financing lease, personal property lien, conditional sales agreement, chattel mortgage, security agreement, title retention arrangement or any similar arrangement (including any related financing statement) for Lessee’s acquisition or leasing of any Financed FF&E used in the Premises that is leased, purchased under conditional sale or installment sale
Equipment Lien means any security interest, financing lease, personal property lien, conditional sales agreement, chattel mortgage, security agreement, title retention arrangement or any similar arrangement (including any related financing statement) for acquisition or leasing of any Financed FF&E used in the Premises that is leased, purchased under conditional sale or installment sale arrangements, encumbered by a security interest, or used under a license, provided that each Equipment Lien encumbers or otherwise relates only to the Financed FF&E for which such secured party provides bona fide financing or a bona fide equipment lease, after the Commencement Date. A Leasehold Mortgage is not an Equipment Lien.
Examples of Equipment Lien in a sentence
Tenant shall not enter into any Equipment Lien that causes any Prohibited Lien.
Any such Equipment Lien shall be subordinate to this Restated Lease.
Upon the execution of this Lease, and as a condition precedent to the obligation of Lessee to pay Rent under the terms hereof and under the Real Property Lease, Lessor shall furnish to Lessee an agreement of non-disturbance in form and substance acceptable in all respects to Lessee and Lessor, executed by the holders of each Equipment Lien.
If Tenant enters into any Equipment Lien, such Equipment Lien shall not create a lien against the Fee Estate.
Holder further acknowledges that ▇▇▇▇▇▇ has had an adequate and meaningful opportunity to review and interpret this Note and the Equipment Lien Agreement with separate legal counsel of ▇▇▇▇▇▇’s own choosing, other than lawyers at OMM, and to obtain appropriate tax and legal advice with respect of the implications and consequences of entering into such transactions.
More Definitions of Equipment Lien
Equipment Lien means any security interest, financing lease, personal property lien, conditional sales agreement, chattel mortgage, security agreement, title retention arrangement or any similar arrangement (including any related financing statement) for Tenant’s acquisition or leasing of any Financed FF&E used in the Premises that is leased, purchased under conditional sale or installment sale arrangements, encumbered by a security interest, or used under a license, provided that each Equipment Lien encumbers or otherwise relates only to the Financed FF&E for which such secured party provides bona fide purchase-money financing or a 2 CPI provisions may drop out if the FMV valuation determinations include escalations over the term of the Lease, as it may be extended. bona fide equipment lease, after the Commencement Date. A Leasehold Mortgage is not an Equipment Lien.
Equipment Lien is defined in Section Error! Reference source not found..
Equipment Lien means any security interest, financing agreement, personal property lien, conditional sales agreement, chattel mortgage, security agreement, title retention arrangement or any similar arrangement (including any related financing statement) relating to the Operator’s acquisition or leasing of any Financed FF&E used in the Sports Park that is leased, purchased under conditional sale or installment sale arrangements, encumbered by a security interest, or used under a license, provided that each Equipment Lien encumbers or otherwise relates only to the Financed FF&E for which such secured Person provides bona fide purchase-money financing or a bona fide equipment agreement, after the Commencement Date.
Equipment Lien means any security interest, financing lease, personal property lien, conditional sales agreement, chattel mortgage, security agreement, title retention arrangement or similar arrangement (including any related financing statement) for Manager's, or any Tenant's, acquisition or leasing of any Financed Manager/Tenant FF&E used in the Premises that is leased, purchased under conditional sale or installment sale arrangements, encumbered by a security interest, or used under a license, provided that each Equipment Lien encumbers or otherwise relates only to the Financed Manager/Tenant FF&E for which such secured party provides bona fide purchase-money financing or a bona fide equipment lease after the Commencement Date.
Equipment Lien means a Lien granted by Borrower, as borrower, to a Person that is not an Affiliate of Borrower, as lender, (i) that solely encumbers Equipment located at, and used in connection with, the Mall Improvements and (ii) that solely secures repayment of a loan made to the Borrower, the proceeds of which were used solely to purchase such Equipment and the terms, provisions and conditions of which are "fair market" (such loan, an "Equipment Financing"); provided that no such Lien shall encumber any such Equipment unless the Collateral Agent shall hold, pursuant to the Deed of Trust, a perfected second priority Lien (i.e. second only to such Equipment Lien) for the benefit of the Lenders, securing the payment of the Indebtedness and the Borrower's other obligations under the Loan Documents.
Equipment Lien means any security interest, financing lease, personal property lien, conditional sales agreement, chattel mortgage, security agreement, title retention arrangement or any similar arrangement (including any related financing statement) for Lessee’s acquisition or leasing of any Financed
Equipment Lien means any security interest, financing lease, personal property lien, conditional sales agreement, chattel mortgage, security agreement, title retention arrangement or similar arrangement (including any related financing statement) for Tenant's, or any Subtenant's, acquisition or leasing of any Financed Tenant/Subtenant FF&E used in the Premises that is leased, purchased under conditional sale or installment sale arrangements, encumbered by a security interest, or used under a license, provided that each Equipment Lien encumbers or otherwise relates only to the Financed Tenant/Subtenant FF&E for which such secured party provides bona fide purchase-money financing or a bona fide equipment lease after the Commencement Date.