Common use of Assignment of Contracts and Licenses Clause in Contracts

Assignment of Contracts and Licenses. Mortgagor assigns to Mortgagee, as further security for payment of the indebtedness, ▇▇▇▇▇▇▇▇▇'s interest in all agreements, contracts (including any contracts for the lease or sale of the premises), licenses, and permits affecting the premises. The assignment shall not be construed as a consent by Mortgagee to any agreement, contract, license or permit so assigned, or to impose any obligations on Mortgagee. Mortgagor shall not cancel, amend, permit, or cause a default or termination of any of the agreements, contracts, licenses, and permits used in conjunction with the operation of the premises without the written approval of Mortgagee.

Appears in 1 contract

Sources: Consolidated Mortgage (PHC Inc /Ma/)

Assignment of Contracts and Licenses. Mortgagor assigns to Mortgagee, as further security for payment of the indebtedness, ▇▇▇▇▇▇▇▇▇Mortgagor's interest in all agreements, contracts (including any contracts for the lease or sale of the premises), licenses, and permits affecting the premises. The assignment shall not be construed as a consent by Mortgagee to any agreement, contract, . license or permit so assigned, . or to impose any obligations on Mortgagee. Mortgagor shall not cancel, . amend, permit, or cause a default or termination of any of the agreements, contracts, . licenses, and permits used in conjunction with the operation of the premises without the written approval of Mortgagee.. 13

Appears in 1 contract

Sources: Employment Agreement (PHC Inc /Ma/)

Assignment of Contracts and Licenses. Mortgagor assigns to Mortgagee, as further security for payment of the indebtedness, M▇▇▇▇▇▇▇▇'s interest in all agreements, contracts (including any contracts for the lease or sale of the premises), licenses, and permits affecting the premises. The assignment shall not be construed as a consent by Mortgagee to to. any agreement, contract, license or permit so assigned, or to impose any obligations on Mortgagee. Mortgagor shall not cancel, amend, permit, or cause a default or termination of any of the agreements, contracts, licenses, and permits used in conjunction with the operation of the premises without the written approval of Mortgagee.

Appears in 1 contract

Sources: Consolidated Mortgage (PHC Inc /Ma/)

Assignment of Contracts and Licenses. Mortgagor assigns to Mortgagee, as further security for payment of the indebtedness, ▇▇▇▇▇▇▇▇▇Mortgagor's interest in all agreements, contracts (including any contracts for the lease or sale of the premises), licenses, and permits affecting the premises. The assignment shall not be construed as a consent by Mortgagee to any agreement, contract, license or permit so assigned, or to impose any obligations on Mortgagee. Mortgagor shall not cancel, . amend, . permit, or cause a default or termination of any of the agreements, contracts, licenses, and permits used in conjunction with the operation of the premises without the written approval of Mortgagee.

Appears in 1 contract

Sources: Employment Agreement (PHC Inc /Ma/)