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The Landlord Waiver is essential in commercial financing transactions where a tenant seeks to use their equipment, inventory, or other movable assets as collateral for loans while operating from leased premises. This document becomes necessary because Indian law grants landlords certain rights and liens over property located on their premises, which could conflict with a lender's security interests. The waiver addresses this potential conflict by having the landlord subordinate their rights and grant the lender access to the premises to protect their collateral. The document typically includes details about the lease, the collateral, access periods, and notice requirements. It's particularly important in the Indian context where the SARFAESI Act gives secured creditors specific enforcement rights, and the agreement helps ensure these rights can be exercised effectively while respecting property law requirements.

1. Parties: Identifies the landlord, tenant, and lender as parties to the agreement

2. Background: Recitals explaining the lease arrangement, lender's security interest, and purpose of the waiver

3. Definitions: Defines key terms including Premises, Collateral, Lease, Security Agreement, and Access Period

4. Acknowledgment of Security Interest: Landlord's acknowledgment of lender's security interest in tenant's property

5. Landlord's Waiver: Waiver of landlord's liens and claims to tenant's personal property/collateral

6. Access Rights: Lender's rights to enter premises to inspect or remove collateral

7. Priority of Interests: Establishes priority between landlord's and lender's interests

8. Term and Termination: Duration of the waiver agreement and circumstances for termination

9. Governing Law: Specifies Indian law as governing law and jurisdiction

10. Execution: Signature blocks for all parties