This legal provision, found in the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the subsequent lease of goods by a lessor. It states that a subsequent lessee from a lessor obtains the leasehold interest in the goods to the extent of the leasehold interest transferred by the lessor. However, the subsequent lessee takes subject to the existing lease contract, unless certain conditions are met. If the lessor has voidable title, they can transfer a good leasehold interest to a good faith subsequent lessee for value.

If a person in the ordinary course of his business furnishes services or materials with respect to goods subject to a lease contract, a lien upon those goods in the possession of that person given by statute or rule of law for those materials or services takes priority over any interest of the lessor or lessee under the lease contract or this Article unless the lien is created by statute and the statute provides otherwise or unless the lien is created by rule of law and the rule of law provides otherwise.

(1) Except as otherwise provided in Section 2A-306, a creditor of a lessee takes subject to the lease contract. (2) Except as otherwise provided in subsection (3) and in Sections 2A-306 and 2A-308, a creditor of a lessor takes subject to the lease contract unless the creditor holds a lien that attached to the goods before the lease contract became enforceable. (3) Except as otherwise provided in Sections 9-317, 9-321, and 9-323, a lessee takes a leasehold interest subject to a security interest held by a creditor of the lessor.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, discusses the special rights of creditors in relation to lease contracts and sales contracts. According to the document, a creditor of a lessor may treat a lease contract as void if the lessor’s retention of possession of the goods is fraudulent. However, if the lessor retains possession in good faith and for a commercially reasonable time, it is not considered fraudulent.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the rights of lessors and lessees when goods become fixtures. It defines fixtures as goods that are so related to particular real estate that an interest in them arises under real estate law. The document explains the concept of fixture filing, which is the filing of a financing statement covering goods that are or are to become fixtures.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the rights of lessors and lessees when goods become accessions. Goods are considered accessions when they are installed or affixed to other goods. The interest of a lessor or lessee under a lease contract entered into before the goods became accessions is superior to all interests in the whole, except as stated in subsection (4).

Nothing in this Article prevents subordination by agreement by any person entitled to priority. Source. 1993, 345:1, eff. Jan. 1, 1994.

This provision, found in the New Hampshire Revised Statutes under the Uniform Commercial Code, governs lease contracts. It imposes an obligation on each party to ensure that the other party’s expectation of receiving due performance is not impaired. If reasonable grounds for insecurity arise regarding the performance of either party, the insecure party may demand adequate assurance of due performance in writing. Until such assurance is received, the insecure party may suspend any performance for which they have not yet received the agreed return, if commercially reasonable.

This legal provision, found in the New Hampshire Revised Statutes under the Uniform Commercial Code, specifically Chapter 382-A, governs lease contracts and the concept of anticipatory repudiation. Anticipatory repudiation refers to a situation where one party to a lease contract repudiates or rejects their obligation to perform a future action under the contract, which would substantially impair the value of the contract for the other party. In such cases, the aggrieved party has several options: (a) they can wait for a reasonable time for the repudiating party to retract their repudiation and perform as agreed, (b) they can demand assurance of future performance from the repudiating party, or (c) they can resort to any right or remedy available under the lease contract or the relevant provisions of the Uniform Commercial Code.

(1) Until the repudiating party’s next performance is due, the repudiating party can retract the repudiation unless, since the repudiation, the aggrieved party has cancelled the lease contract or materially changed the aggrieved party’s position or otherwise indicated that the aggrieved party considers the repudiation final. (2) Retraction may be by any method that clearly indicates to the aggrieved party that the repudiating party intends to perform under the lease contract and includes any assurance demanded under Section 2A-401.