Common use of Acknowledgments by Tenant Clause in Contracts

Acknowledgments by Tenant. Tenant agrees that: (a) Tenant has notice that the Lease and the rent and all other sums due under the Lease have been or are to be assigned to Beneficiary as security for the Loan. In the event that Beneficiary notifies Tenant of a default under the Deed of Trust and requests Tenant to pay its rent and all other sums due under the Lease to Beneficiary, Tenant shall pay such sums directly to Beneficiary or as Beneficiary may otherwise request, (b) Tenant shall, provided Landlord has given Tenant written notice of Beneficiary’s notice address, send a copy of any notice or statement under the Lease to Beneficiary at the same time Tenant sends such notice or statement to Landlord, and (c) this Agreement satisfies any condition or requirement in the Lease relating to the granting of a nondisturbance agreement.

Appears in 3 contracts

Sources: Lease Agreement (Lsi Logic Corp), Lease Agreement (Lsi Logic Corp), Lease Agreement (Lsi Logic Corp)

Acknowledgments by Tenant. Tenant agrees that: (a) Tenant has notice ------------------------- that the Lease and the rent and all other sums due under the Lease have been or are to be assigned to Beneficiary as security for the Loan. In the event that Beneficiary notifies Tenant of a default under the Deed of Trust and requests Tenant to pay its rent and all other sums due under the Lease to Beneficiary, Tenant shall pay such sums directly to Beneficiary or as Beneficiary may otherwise request, ; (b) Tenant shall, provided Landlord has given Tenant written notice of Beneficiary’s notice address, shall send a copy of any notice or statement under the Lease to Beneficiary at the same time Tenant sends such notice or statement to Landlord, and ; (c) this Agreement satisfies any condition or requirement in the Lease relating to the granting of a nondisturbance agreement.

Appears in 2 contracts

Sources: Industrial Lease (Valicert Inc), Industrial Lease (Valicert Inc)

Acknowledgments by Tenant. Tenant agrees that: (a) Tenant has notice that the Lease and the rent and all other sums due under the Lease have been or are to be assigned to Beneficiary as security for the Loan. In the event that Beneficiary notifies Tenant of a default under the Deed of Trust and requests Tenant to pay its rent and all other sums due under the Lease to Beneficiary, Tenant shall pay such sums directly to Beneficiary or as Beneficiary may otherwise request, ; (b) Tenant shall, provided Landlord has given Tenant written notice of Beneficiary’s notice address, shall send a copy of any notice or statement under the Lease to Beneficiary at the same time Tenant sends such notice or statement to Landlord, and ; (c) this Agreement satisfies any condition or requirement in the Lease relating to the granting of a nondisturbance agreement.

Appears in 2 contracts

Sources: Industrial Lease (ViewRay, Inc.), Industrial Lease (NeoStem, Inc.)