LANDLORD'S LIEN definition

LANDLORD'S LIEN. In addition to any statutory lien for Rent in Landlord's favor. Landlord shall have and Tenant hereby grants to Landlord a continuing security interest for all Rentals and other sums of money becoming due under this Lease from Tenant, upon all goods, wares, equipment, fixtures, furniture, inventory, accounts, contract rights, and other personal property of Tenant situated on or arising from the Leased Premises. Such property shall not be removed without the consent of Landlord, which consent may be withheld by Landlord without cause so long as any of Tenant's duties or obligations hereunder have not been fully performed. In the event of a default under this Lease, Landlord shall have, in addition to any other remedies provided in this Lease or by law, all rights and remedies under the Texas Uniform Commercial Code, including without limitation the right to sell the property described in the Paragraph at public or private sale upon five (5) days notice to Tenant. Tenant hereby agrees to execute such financing statements and other instruments necessary or desirable in Landlord's discretion to perfect the security interest hereby created. The express contractual lien herein granted, is in addition and supplementary to any statutory lien for Rent. Landlord agrees to subordinate its ---------------------------------- lien hereunder to Tenant's primary lender. -----------------------------------------
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LANDLORD'S LIEN has the meaning set forth in Section 19.6.
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LANDLORD'S LIEN. In addition to any statutory lien for Rent in Landlord's favor, Landlord shall have and Tenant hereby grants to Landlord a continuing security interest for all Rentals and other sums of money becoming due under this Lease from Tenant upon all goods, wares, equipment, fixtures, furniture, inventory, accounts, contract rights, and other personal property of Tenant situated on or (arising from the Leased Premises. Such property shall not be removed without the consent of Landlord In the event of a default under this Lease, Landlord shall have in addition to any other remedies provided in this lease or by law, all rights and remedies under the Texas Uniform Commercial Code, including without limitation the right to sell the property described in this Paragraph at public or private sale upon five (5) days notice to Tenant. Tenant hereby agrees to execute such financing statements and other instruments necessary or desirable in Landlord's discretion to perfect the security interest hereby created. The express contractual lien herein granted, is in addition and supplementary to any statutory lien for Rent. * which consent may be withheld by Landlord without cause so long as any of Tenant's duties or obligations hereunder have not been fully performed.
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Examples of LANDLORD'S LIEN in a sentence

  • SUBCHAPTER C, CHAPTER 54, PROPERTY CODE GOVERNS THE RIGHTS AND OBLIGATIONS OF THE PARTIES REGARDING LANDLORD'S LIEN.

  • RESIDENTIAL LANDLORD'S LIEN: LANDLORD WILL HAVE A LIEN FOR UNPAID RENT AGAINST ALL OF RESIDENT'S NONEXEMPT PERSONAL PROPERTY THAT IS IN THE PROPERTY AND MAY SEIZE SUCH NONEXEMPT PROPERTY IF RESIDENT FAILS TO PAY RENT.

  • Notary Public My Commission Expires: EXHIBIT H LANDLORD'S LIEN WAIVER THIS LANDLORD'S LIEN WAIVER (this "Waiver") is made this _____________ day of ___________________, 200_ by THE LINCOLN NATIONAL LIFE INSURANCE COMPANY, an Indiana corporation ("Landlord").

  • Landlord ------ Tenant SUBORDINATION OF LANDLORD'S LIEN RIDER TO: ------------------------------------------------------ RE: Lease dated , ------------ 2004 (the "Lease"), by and between 724 R202 Associates, L.L.C. ("Landlord"), and -----------------("Tenant").

  • LANDLORD SHALL HAVE ALL RIGHTS OF LANDLORDS LIEN IN ACCORDANCE WITH THE STATE OF WASHINGTON STATUTES.

  • LANDLORD'S LIEN.............................................................

  • LANDLORD'S LIEN ...............................................................................- 27 - ARTICLE XX.

  • LANDLORD'S LIEN - DELETED BY INTENTION..............................

  • LANDLORD EXPRESSLY WAIVES ITS STATUTORY OR COMMON LAW LANDLORD'S LIEN AND ANY AND ALL RIGHTS GRANTED UNDER ANY PRESENT OR FUTURE LAWS TO LEVY OR DISTRAIN FOR RENT (WHETHER IN ARREARS OR IN ADVANCE) AGAINST THE AFORESAID PROPERTY OF TENANT ON THE PREMISES AND FURTHER AGREES TO EXECUTE ANY REASONABLE INSTRUMENTS EVIDENCING SUCH WAIVER, AT ANY TIME OR TIMES HEREAFTER UPON TENANT'S REQUEST IN THE FORM OF EXHIBIT "D" ATTACHED HERETO.

  • NOTWITHSTANDING THE FOREGOING, THIS LANDLORD'S LIEN SHALL BE SUBORDINATE TO ANY LIENS PROVIDED BY TENANT OR A-G GEOPHYSICAL PRODUCTS, INC.


More Definitions of LANDLORD'S LIEN

LANDLORD'S LIEN. Enforce by any means available by law or in equity, a Landlord's lien upon any or all of Tenants equipment, furnishings, furniture trade fixtures, inventory, and other personal property of Tenant situated on, affixed to, or kept on the Premises. Tenant hereby grants Landlord an express Landlord's lien upon all such property and in furtherance thereof, Tenant agrees to execute and record such UCC-1 financing statements as Landlord may deem necessary to perfect its Landlord's lien.
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LANDLORD'S LIEN. As security for payment of rent, damages and all other payments required to be made by this Lease, Lessee hereby grants to Lessor a lien upon all property of Lessee now or subsequently located upon the leased premises. If Lessee abandons or vacates any substantial portion of the leased premises or is in default in the payment of any rentals, damages or other payments required to be made by this Lease or is in default of any other provision of this Lease, Lessor may enter upon the leased premises, by picking or changing locks if necessary, and take possession of all or any part of the personal property, and may sell all or any part of the personal property at a public or private sale, in one or successive sales, with or without notice, to the highest bidder for cash, and, on behalf of Lessee, sell and convey all or part of the personal property to the highest bidder, delivering to the highest bidder all of Lessee's title and interest in the personal property sold to him. The proceeds of the sale of the personal property shall be applied by Lessor toward the reasonable costs and expenses of the sale, including attorney's fees, and then toward the payment of all sums then due by Lessee to Lessor under the terms of this Lease; any excess remaining shall be paid to Lessee or any other person entitled thereto by law.
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LANDLORD'S LIEN. LANDLORD shall have at all times a valid security interest to secure payment of all rentals, Alternative Performance Payments, and other sums of money becoming due hereunder from TENANT and to secure payment of any damages or loss which LANDLORD may suffer by reason of the breach by TENANT of any covenant, agreement or condition contained herein, upon all goods, wares, equipment, fixtures, furniture, improvements and other personal property (herein the "Personalty") of TENANT presently, or which may hereafter be, situated in the Premises, and all proceeds therefrom, and such Personalty shall not be removed therefrom without the consent of LANDLORD until all arrearages in rent or Alternative Performance Payments as well as any and all other sums of money then due to LANDLORD hereunder shall first have been paid and discharged and all covenants, agreements and conditions hereof have been fully compiled with and performed by TENANT. Upon the occurrence of an event of default by TENANT, LANDLORD may, in addition to any other remedies provided herein or by law, enter upon the Premises and take possession of the Personalty situated in the Premises, without liability for trespass or conversion, and sell the same at public or private sale, with or without having the Personalty at the sale, after giving TENANT reasonable notice of the time and place of any public sale or of the time after which any private sale is to be made, at which sale LANDLORD may purchase unless otherwise prohibited by law. Unless otherwise provided by law, and without intending to exclude any other manner of giving TENANT reasonable notice, the requirement of reasonable notice shall be met if such notice is given in the manner prescribed in paragraph 35 of this Lease at least ten (10) days before the time of sale. Any public sale made pursuant to the provisions of this paragraph shall be deemed to have been a public sale conducted in a commercially reasonable manner if held in the Premises or where the Personalty is located after the time, place and method of sale and a general description of the types of property to be sold have been advertised in a daily newspaper published in Brazos County, Texas, for five (5) consecutive days before the date of the sale. The proceeds from any such disposition, less any and all expenses connected with the taking of possession, holding and selling of the Personalty (including reasonable attorney's fees and expenses), shall be applied as a credit against th...
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LANDLORD'S LIEN. The TENANT pledges to the LANDLORD all the furniture, fixtures, good and chattels of said TENANT which are or may be usually kept on the premises as security for the payment of the rent herein reserved and all debts, costs, expenses, charges and damages herein mentioned for the full term hereof and all costs, charges and fees which the LANLORD may incur or sustain in collecting the same or any part thereof; and the TENANT covenants that the said lien and also the statutory lien for rent may by enforced by distress or foreclosure, either or both, at the election of the LANDLORD; and, in case of the failure of the TENANT to pay the rent herein reserved and the debts, damages and charges herein mentioned when the same shall become due and the same is collected by or through an attorney. The TENANT agrees to pay the LANDLORD in addition to said rent and charges all costs and expenses to which the LANDLORD may be put in collecting the same, including a reasonable attorney's fee.
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LANDLORD'S LIEN means any lien and/or security interest now or hereafter created under Texas statutory or common law in favor of a landlord of real property located in Texas with respect to any personal property located in or upon the Leased Premises as security for the rent payable to such landlord.
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Related to LANDLORD'S LIEN

  • Landlord Liens means liens on or against the Leased Property or any payment of Rent (a) which result from any act of, or any claim against, Landlord or any owner of a direct or indirect interest in the Leased Property (other than the lessor under any ground lease affecting any portion of the Leased Property), or which result from any violation by Landlord of any terms of this Agreement, or (b) which result from liens in favor of any taxing authority by reason of any tax owed by Landlord or any fee owner of a direct or indirect interest in the Leased Property (other than the lessor under any ground lease affecting any portion of the Leased Property); provided, however, that “Landlord Lien” shall not include any lien resulting from any tax for which Tenant is obligated to pay or indemnify Landlord against until such time as Tenant shall have already paid to or on behalf of Landlord the tax or the required indemnity with respect to the same.

  • Tenant’s Property means Removable Installations and, other than Installations, any personal property or equipment of Tenant that may be removed without material damage to the Premises, and (z) “Installations” means all property of any kind paid for by Landlord, all Alterations, all fixtures, and all partitions, hardware, built-in machinery, built-in casework and cabinets and other similar additions, equipment, property and improvements built into the Premises so as to become an integral part of the Premises, including, without limitation, fume hoods which penetrate the roof or plenum area, built-in cold rooms, built-in warm rooms, walk-in cold rooms, walk-in warm rooms, deionized water systems, glass washing equipment, autoclaves, chillers, built-in plumbing, electrical and mechanical equipment and systems, and any power generator and transfer switch.

  • Leased Property shall have the meaning given such term in Section 2.1.

  • Subleased Premises means all that portion of the Leased Premises referred to as airport lot as outlined on the site diagram attached as Schedule "A" to this Sublease; and

  • Leased Premises means the premises which are material to the Company or any Subsidiary and which the Company or any Subsidiary occupies or proposes to occupy as a tenant, sub-tenant or occupant;