Replacement of Fixtures. Except as may be permitted by the Credit Agreement, Grantor shall not, without the prior written consent of Beneficiary (said consent not to be unreasonably withheld or delayed), permit any of the Fixtures to be removed at any time from the Land or Improvements, unless the removed item is removed temporarily for maintenance and repair or, if removed permanently, is obsolete and is replaced by an article of equal or better suitability and value, owned by Grantor subject to the liens and security interests of this Deed of Trust, the Credit Agreement and the other Credit Documents, and free and clear of any other lien or security interest except Permitted Liens.
Appears in 3 contracts
Sources: Deed of Trust, Security Agreement, Amended and Restated Deed of Trust, Security Agreement, Assignment of Rents and Leases and Fixture Filing (Pantry Inc), Deed of Trust (Pantry Inc)