Title to Improvements. During the Term, Xxxxxx will be deemed to own, and hold title to all Improvements subject only to the Lessor’s reversionary interest in the Improvements upon the expiration or termination of the Lease. Lessee shall have the right to grant liens or other security interests in the Improvements. Upon the expiration or earlier termination of the Lease, title to all Improvements then held by Xxxxxx, except moveable personal property not constituting fixtures, will automatically vest in Lessor without representation or warranty per MCA §77-1-906(2).
Appears in 4 contracts
Samples: Commercial Lease, Commercial Lease, Commercial Lease
Title to Improvements. During the Term, Xxxxxx will be deemed to own, and hold title to all Improvements subject only to the Lessor’s reversionary interest in the Improvements upon the expiration or termination of the Lease. Lessee shall have the right to grant liens or other security interests in the Improvements. Upon the expiration or earlier termination of the Lease, title to all Improvements then held by Xxxxxx, except moveable personal property not constituting fixtures, will automatically vest in Lessor without representation or warranty per MCA §77-1-906(2).
Appears in 3 contracts
Samples: Commercial Lease, Commercial Lease, Commercial Lease
Title to Improvements. During the Term, Xxxxxx Lessee will be deemed to own, and hold title to all Improvements subject only to the Lessor’s reversionary interest in the Improvements upon the expiration or termination of the Lease. Lessee shall have the right to grant liens or other security interests in the Improvements. Upon the expiration or earlier termination of the Lease, title to all Improvements then held by XxxxxxLessee, except moveable personal property not constituting fixtures, will automatically vest in Lessor without representation or warranty per MCA §77-1-906(2).
Appears in 3 contracts
Samples: Commercial Lease, Commercial Lease, Commercial Lease
Title to Improvements. During the Term, Xxxxxx Lessee will be deemed to own, and hold title to all Improvements subject only to the Lessor’s reversionary interest in the Improvements upon the expiration or termination of the Lease. Lessee shall have the right to grant liens or other security interests in the Improvements. Upon the expiration or earlier termination of the Lease, title to all Improvements then held by XxxxxxLessee, except moveable personal property not constituting fixtures, will automatically vest in Lessor without representation or warranty per MCA §77-1-906(2).
Appears in 1 contract
Samples: Commercial Lease
