Common use of Lessor's Lien Clause in Contracts

Lessor's Lien. To the fullest extent permitted by applicable law, Lessor is granted a lien and security interest on all of Lessee’s Personal Property now or hereinafter placed in or upon the Leased Property, and such lien and security interest shall remain attached to Lessee’s Personal Property until payment in full of all Rent and satisfaction of all of Lessee’s obligations hereunder; provided, however, Lessor shall subordinate its lien and security interest to that of any non-Affiliate of Lessee which finances such Lessee’s Personal Property or any non-Affiliate conditional seller of such Lessee’s Personal Property, the terms and conditions of such subordination to be satisfactory to Lessor in the exercise of reasonable discretion. Lessee shall, upon the request of Lessor, execute such financing statements or other documents or instruments reasonably requested by Lessor to perfect the lien and security interests herein granted.

Appears in 4 contracts

Sources: Lease Agreement (Gadsden Growth Properties, Inc.), Lease Agreement (MHI Hospitality CORP), Lease Agreement (MHI Hospitality CORP)

Lessor's Lien. To the fullest extent permitted by applicable law, Lessor is granted a lien and security interest on all of Lessee’s Personal Property 's personal property now or hereinafter placed in or upon the Leased Property, and such lien and security interest shall remain attached to such Lessee’s Personal Property 's personal property until payment in full of all Rent and satisfaction of all of Lessee’s 's obligations hereunder; provided, however, Lessor shall subordinate its lien and security interest to that of any non-Affiliate of Lessee which finances such Lessee’s Personal Property 's personal property or any non-Affiliate conditional seller of such Lessee’s Personal Property's personal property, the terms and conditions of such subordination to be satisfactory to Lessor in the exercise of reasonable discretion. Lessee shall, upon the request of Lessor, execute such financing statements or other documents or instruments reasonably requested by Lessor to perfect the lien and security interests herein granted.

Appears in 4 contracts

Sources: Consolidated Lease Amendment (Equity Inns Inc), Consolidated Lease Agreement (Equity Inns Inc), Consolidated Lease Agreement (Equity Inns Inc)

Lessor's Lien. To the fullest extent permitted by applicable law, Lessor is granted a lien and security interest on all of Lessee’s 's Personal Property now or hereinafter placed in or upon the Leased Property, and such lien and security interest shall remain attached to such Lessee’s 's Personal Property until payment in full of all Rent and satisfaction of all of Lessee’s 's obligations hereunder; provided, however, Lessor shall subordinate its lien and security interest only to that of any non-Affiliate of Lessee which finances such Lessee’s 's Personal Property or any non-Affiliate conditional seller of such Lessee’s 's Personal Property, the terms and conditions of such subordination to be satisfactory to Lessor in the exercise of reasonable discretion. Lessee shall, upon the request of Lessor, execute such financing statements or other documents or instruments reasonably requested by Lessor to perfect the lien and security interests herein granted.

Appears in 3 contracts

Sources: Lease Agreement (Hersha Hospitality Trust), Lease Agreement (Hersha Hospitality Trust), Lease Agreement (Hersha Hospitality Trust)

Lessor's Lien. To the fullest extent permitted by applicable law, Lessor is granted a first priority lien and security interest on all of Lessee’s 's Personal Property now or hereinafter placed in or upon the Leased Property, and such lien and security interest shall remain attached to such Lessee’s 's Personal Property until payment in full of all Rent and satisfaction of all of Lessee’s 's obligations hereunder; provided, however, Lessor shall subordinate its lien and security interest to that of any non-Affiliate of Lessee which finances such Lessee’s 's Personal Property or any non-Affiliate conditional seller of such Lessee’s 's Personal Property, the terms and conditions of such subordination to be satisfactory to Lessor in the exercise of reasonable discretion. Lessee shall, upon the request of Lessor, execute file such financing statements or execute such other documents or instruments reasonably requested by Lessor to perfect the lien and security interests herein granted.

Appears in 3 contracts

Sources: Lease Agreement (Strategic Hotel Capital Inc), Lease Agreement (Strategic Hotel Capital Inc), Lease Agreement (Strategic Hotel Capital Inc)

Lessor's Lien. To the fullest extent permitted by applicable law, Lessor is granted a lien and security interest on all of Lessee’s 's Personal Property now or hereinafter placed in or upon the Leased Property, and such lien and security interest shall remain attached to Lessee’s 's Personal Property until payment in full of all Rent and satisfaction of all of Lessee’s 's obligations hereunder; provided, however, Lessor shall subordinate its lien and security interest to that of any non-Affiliate of Lessee which finances such Lessee’s 's Personal Property or any non-Affiliate conditional seller of such Lessee’s 's Personal Property, the terms and conditions of such subordination to be satisfactory to Lessor in the exercise of reasonable discretion. Lessee shall, upon the request of Lessor, execute such financing statements or other documents or instruments reasonably requested by Lessor to perfect the lien and security interests herein granted.

Appears in 2 contracts

Sources: Lease Agreement (Ashford Hospitality Trust Inc), Credit Agreement (Ashford Hospitality Trust Inc)

Lessor's Lien. To the fullest extent permitted by applicable law, Lessor is granted a lien and security interest on all of Lessee’s 's Personal Property now or hereinafter placed in or upon the Leased Property, and such lien and security interest shall remain attached to such Lessee’s 's Personal Property until payment in full of all Rent and satisfaction of all of Lessee’s 's obligations hereunder; provided, however, Lessor shall subordinate its lien and security interest to that of any non-Affiliate of Lessee which finances such Lessee’s 's Personal Property or any non-Affiliate conditional seller of such Lessee’s 's Personal Property, the terms and conditions of such subordination to be satisfactory to Lessor in the exercise of reasonable discretion. Lessee shall, upon the request of Lessor, execute such financing statements or other documents or instruments reasonably requested by Lessor to perfect the lien and security interests herein granted.

Appears in 2 contracts

Sources: Lease Agreement (Humphrey Hospitality Trust Inc), Lease Agreement (Humphrey Hospitality Trust Inc)

Lessor's Lien. To the fullest extent permitted by applicable law, Lessor is granted a lien and security interest on all of Lessee’s Personal Property now or hereinafter placed in or upon the Leased Property, and such lien and security interest shall remain attached to such Lessee’s Personal Property until payment in full of all Rent and satisfaction of all of Lessee’s obligations hereunderhereunder that are outstanding on such date; provided, however, Lessor shall subordinate its lien and security interest to that of any non-Affiliate of Lessee which finances such Lessee’s Personal Property or any non-Affiliate conditional seller of such Lessee’s Personal Property, the terms and conditions of such subordination to be satisfactory to Lessor in the exercise of reasonable discretion. Lessee shall, upon the request of Lessor, execute such financing statements or other documents or instruments reasonably requested by Lessor to perfect the lien and security interests herein granted.

Appears in 2 contracts

Sources: Lease Agreement (Eagle Hospitality Properties Trust, Inc.), Lease Agreement (Highland Hospitality Corp)

Lessor's Lien. To the fullest extent permitted by applicable ------------- law, Lessor is granted a lien and security interest on all of Lessee’s 's Personal Property now or hereinafter placed in or upon the Leased Property, and such lien and security interest shall remain attached to such Lessee’s 's Personal Property until payment in full of all Rent and satisfaction of all of Lessee’s 's obligations hereunder; provided, however, Lessor shall subordinate its lien and security interest only to that of any non-Affiliate of Lessee which finances such Lessee’s 's Personal Property or any non-Affiliate conditional seller of such Lessee’s 's Personal Property, the terms and conditions of such subordination to be satisfactory to Lessor in the exercise of reasonable discretion. Lessee shall, upon the request of Lessor, execute such financing statements or other documents or instruments reasonably requested by Lessor to perfect the lien and security interests herein granted.

Appears in 2 contracts

Sources: Lease Agreement (Boston Properties Inc), Lease Agreement (Boston Properties Inc)

Lessor's Lien. To the fullest extent permitted by applicable law, Lessor is granted a lien and security interest on all of Lessee’s 's Personal Property now or hereinafter placed in or upon the Leased Property, and such lien and security interest shall remain attached to such Lessee’s 's Personal Property until payment in full of all Rent and satisfaction of all of Lessee’s 's obligations hereunderhereunder that are outstanding on such date; provided, however, Lessor shall subordinate its lien and security interest to that of any non-Affiliate of Lessee which finances such Lessee’s 's Personal Property or any non-Affiliate conditional seller of such Lessee’s 's Personal Property, the terms and conditions of such subordination to be satisfactory to Lessor in the exercise of reasonable discretion. Lessee shall, upon the request of Lessor, execute such financing statements or other documents or instruments reasonably requested by Lessor to perfect the lien and security interests herein granted.

Appears in 2 contracts

Sources: Lease Agreement (Highland Hospitality Corp), Master Lease Agreement (Winston Hotels Inc)

Lessor's Lien. To the fullest extent permitted by applicable law, Lessor is granted a lien and security interest on all of Lessee’s 's Personal Property now or hereinafter placed in or upon the Leased Property, and such lien and security interest shall remain attached to Lessee’s 's Personal Property until payment in full of all Rent and satisfaction of all of Lessee’s 's obligations hereunder; provided, however, Lessor shall subordinate its lien and security interest to that any purchase money security interest of any non-Affiliate of Lessee which finances such Lessee’s Personal Property or any non-Affiliate conditional seller of such Lessee’s 's Personal Property, the terms and conditions of such subordination to be satisfactory to Lessor in the exercise of reasonable discretion. Lessee shall, upon the request of Lessor, execute such financing statements or statements, estoppel certificates and other documents or instruments reasonably requested by Lessor to perfect the lien and security interests herein granted.

Appears in 2 contracts

Sources: Percentage Lease Agreement (Red Lion Inns Limited Partnership), Percentage Lease Agreement (Boykin Lodging Co)

Lessor's Lien. To the fullest extent permitted by applicable law, Lessor is granted a lien and security interest on all of Lessee’s 's Personal Property now or hereinafter placed in or upon the Leased Property, and such lien and security interest shall remain attached to such Lessee’s 's Personal Property until payment in full of all Rent and satisfaction of all of Lessee’s 's obligations hereunder; provided, however, Lessor shall subordinate its lien and security interest only to that of any non-Affiliate of Lessee which finances such Lessee’s 's Personal Property or any non-Affiliate conditional seller of such Lessee’s 's Personal Property, the terms and conditions of such subordination to be satisfactory to Lessor in the exercise of reasonable discretion. Lessee shall, upon the request of Lessor, execute such financing statements or other documents or instruments reasonably requested by Lessor to perfect the lien and security interests herein granted.. 19

Appears in 1 contract

Sources: Lease Agreement (Hersha Hospitality Trust)

Lessor's Lien. To the fullest extent permitted by applicable law, Lessor is granted a lien and security interest on all of Lessee’s Personal Property personal property now or hereinafter placed in or upon the Leased Property, and such lien and security interest shall remain attached to such Lessee’s Personal Property personal property until payment in full of all Rent and satisfaction of all of Lessee’s obligations hereunder; provided, however, Lessor shall subordinate its lien and security interest to that of any non-Affiliate of Lessee which finances such Lessee’s Personal Property personal property or any non-Affiliate conditional seller of such Lessee’s Personal Propertypersonal property, the terms and conditions of such subordination to be satisfactory to Lessor in the exercise of reasonable discretion. Lessee shall, upon the request of Lessor, execute such financing statements or other documents or instruments reasonably requested by Lessor to perfect the lien and security interests herein granted.

Appears in 1 contract

Sources: Lease Agreement (Summit Hotel OP, LP)

Lessor's Lien. To the fullest extent permitted by applicable law, Lessor is granted a lien and security interest on all of Lessee’s 's Personal Property now or hereinafter placed in or upon the Leased Property, and such lien and security interest shall remain attached to Lessee’s 's Personal Property until payment in full of all Rent and satisfaction of all of Lessee’s 's obligations hereunder; provided, however, Lessor shall subordinate its lien and security interest to that any purchase money security interest of any non-Affiliate of Lessee which finances such Lessee’s 's Personal Property or any non-Affiliate conditional seller of such Lessee’s 's Personal Property, the terms and conditions of such subordination to be satisfactory to Lessor in the exercise of reasonable discretion. Lessee shall, upon the request of Lessor, execute such financing statements or statements, estoppel certificates and other documents or instruments reasonably requested by Lessor to perfect the lien and security interests herein granted.

Appears in 1 contract

Sources: Percentage Lease Agreement (Boykin Lodging Trust Inc)

Lessor's Lien. To the fullest extent permitted by applicable law, Lessor is granted a lien and security interest on all of Lessee’s 's Personal Property now or hereinafter placed in or upon the Leased Property, and such lien and security interest shall remain attached to such Lessee’s 's Personal Property until payment in full of all Rent and satisfaction of all of Lessee’s 's obligations hereunder; provided, however, Lessor shall subordinate its lien and security interest to that of any non-Affiliate of Lessee which finances such Lessee’s 's Personal Property or any non-Affiliate affiliate conditional seller of such Lessee’s 's Personal Property, the terms and conditions of such subordination to be satisfactory to Lessor in the exercise of reasonable discretion. Lessee shall, upon the request of Lessor, execute such financing statements or other documents or instruments reasonably requested by Lessor to perfect the lien and security interests interest herein granted.

Appears in 1 contract

Sources: Lease Agreement (Host Funding Inc)

Lessor's Lien. To the fullest extent permitted by applicable law, Lessor is granted a lien and security interest on all of Lessee’s Personal Property 's personal property now or hereinafter placed in or upon the Leased Property, and such lien and security interest shall remain attached to such Lessee’s Personal Property 's personal property until payment in full of all Rent and satisfaction of all of Lessee’s 's obligations hereunder; provided, however, Lessor shall subordinate its lien and security interest to that of any non-non- Affiliate of Lessee which finances such Lessee’s Personal Property 's personal property or any non-Affiliate conditional seller of such Lessee’s Personal Property's personal property, the terms and conditions of such subordination to be satisfactory to Lessor in the exercise of reasonable discretion. Lessee shall, upon the request of Lessor, execute such financing statements or other documents or instruments reasonably requested by Lessor to perfect the lien and security interests herein granted.

Appears in 1 contract

Sources: Lease Agreement (Equity Inns Inc)

Lessor's Lien. To the fullest extent permitted by applicable law, Lessor is granted a lien and security interest on all of Lessee’s 's Personal Property now or hereinafter placed in or upon the Leased Property, and such lien and security interest shall remain attached to Lessee’s such lessee's Personal Property until payment in full of all Rent and satisfaction of all of Lessee’s 's obligations hereunder; provided, however, Lessor shall subordinate its lien and security interest to that of any non-Affiliate of Lessee which finances such Lessee’s 's Personal Property or any non-Affiliate affiliate conditional seller of such Lessee’s 's Personal Property, the terms and conditions of such subordination to be satisfactory to Lessor lessor in the exercise of reasonable discretion. Lessee shall, upon the request of Lessor, execute such financing statements or other documents or instruments reasonably requested by Lessor to perfect the lien and security interests interest herein granted.

Appears in 1 contract

Sources: Lease Agreement (Host Funding Inc)

Lessor's Lien. To the fullest extent permitted by applicable law, Lessor is granted a lien and security interest on all of Lessee’s Personal Property 's personal property now or hereinafter placed in or upon the Leased Property, and such lien and security interest shall remain attached to Lessee’s Personal Property such Lease's personal property until payment in full of all Rent and satisfaction of all of Lessee’s 's obligations hereunder; provided, however, Lessor shall subordinate its lien and security interest to that of any non-Affiliate of Lessee which finances such Lessee’s Personal Property 's personal property or any non-Affiliate conditional seller of such Lessee’s Personal Property's personal property, the terms and conditions of such subordination to be satisfactory to Lessor in the exercise of reasonable discretion. Lessee shall, upon the request of Lessor, execute such financing statements or other documents or instruments reasonably requested by Lessor to perfect the lien and security interests herein granted.

Appears in 1 contract

Sources: Lease Agreement (Glenborough Realty Trust Inc)

Lessor's Lien. To the fullest extent permitted by applicable law, ------------- Lessor is granted a lien and security interest on all of Lessee’s 's Personal Property now or hereinafter placed in or upon the Leased Property, and such lien and security interest shall remain attached to such Lessee’s 's Personal Property until payment in full of all Rent and satisfaction of all of Lessee’s 's obligations hereunder; provided, however, Lessor shall subordinate its lien and security interest to that of any non-Affiliate of Lessee which finances such Lessee’s 's Personal Property or any non-Affiliate conditional seller of such Lessee’s 's Personal Property, the terms and conditions of such subordination to be satisfactory to Lessor in the exercise of reasonable discretion. Lessee shall, upon the request of Lessor, execute such financing statements or other documents or instruments reasonably requested by Lessor to perfect the lien and security interests herein granted.

Appears in 1 contract

Sources: Lease Agreement (Humphrey Hospitality Trust Inc)