Common use of Ownership of FF&E Clause in Contracts

Ownership of FF&E. Borrower has paid in full for, and is the owner of, all furnishings, fixtures and equipment used in connection with the operation of the Property, free and clear of any and all leases, ownership interests, security interests, liens or encumbrances.

Ownership of FF&E. Borrower has paid in full for, and is the owner of, all furnishings, fixtures and equipment (other than tenants' property) used in connection with the operation of the PropertyPremises, free and clear of any and all leases, ownership interests, security interests, liens or encumbrances, except the lien and security interest created by the Loan Documents securing the Loan.