Common use of Lessor's Lien Clause in Contracts

Lessor's Lien. As additional security, LESSEE acknowledges, to the extent allowed by applicable law, the LESSOR’S right to hold and sell with due legal notice all property on or to be brought on the Premises in order to satisfy unpaid Rent, expenses, and utilities. No property of ▇▇▇▇▇▇ brought onto the Leased Premises shall be removed by LESSEE other than in the ordinary course of business as long as LESSEE is in default in the terms of this lease.

Appears in 2 contracts

Sources: Lease Agreement, Commercial Lease

Lessor's Lien. As additional security, LESSEE acknowledges, to the extent allowed by applicable law, the LESSOR’S right to hold and sell with due legal notice all property on or to be brought on the Premises in order to satisfy unpaid Rent, expenses, and utilities. No property of ▇▇▇▇▇▇ LESSEE brought onto the Leased Premises shall be removed by LESSEE other than in the ordinary course of business as long as LESSEE is in default in the terms of this lease.

Appears in 2 contracts

Sources: Commercial Lease (Peak Resorts Inc), Commercial Lease (Peak Resorts Inc)

Lessor's Lien. As additional security, LESSEE acknowledges, to the extent allowed by applicable law, the LESSOR’S right to hold and sell with due legal notice all property on or to be brought on the Premises in order to satisfy unpaid Rent, expenses, and utilities. No property of ▇▇▇▇▇▇ LESSEE brought onto the Leased Premises shall be removed by LESSEE other than in the ordinary course of business as long as LESSEE is in default in of the terms of this lease.

Appears in 1 contract

Sources: Commercial Lease (Lightbridge Inc)