Common use of ASSIGNMENT OF LANDLORD'S INTEREST Clause in Contracts

ASSIGNMENT OF LANDLORD'S INTEREST. If Landlord should ever assign this Lease or the rents hereunder to a creditor as security for a debt, Tenant shall, after notice of such assignment and upon demand by Landlord or the assignee, pay all sums thereafter becoming due Landlord hereunder to the assignee (from and after the time Tenant is furnished with such assignee's address) and furnish such evidence of insurance coverages required hereunder as the lender may reasonably require so as to protect the assignee's interest as it may appear and furnish such assurances to the assignee.

Appears in 2 contracts

Samples: Lease Agreement (Entrada Networks Inc), Lease Agreement (Sync Research Inc)

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ASSIGNMENT OF LANDLORD'S INTEREST. If Landlord should ever assign this Lease or the rents hereunder to a creditor as security for a debt, Tenant shall, after written notice of such assignment and upon written demand by Landlord or the assignee, pay all sums thereafter becoming due Landlord hereunder to the assignee (from and after the time Tenant is furnished in writing with such assignee's address) and furnish such evidence of insurance coverages required hereunder as the lender may reasonably require so as to protect the assignee's interest as it may appear and furnish such assurances to the assignee.

Appears in 1 contract

Samples: Lease Agreement (Earthshell Corp)

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ASSIGNMENT OF LANDLORD'S INTEREST. If Landlord should ever assign this Lease or the rents Rents hereunder to a creditor as security for a debt, Tenant shall, after notice of such assignment and upon demand by Landlord or the assignee, pay all sums thereafter becoming due Landlord hereunder to the assignee (from and after the time Tenant is furnished with such assignee's address) and furnish such evidence of insurance coverages required hereunder as the lender assignee may reasonably require so as to protect the assignee's interest as it may appear and furnish such assurances to the assignee.

Appears in 1 contract

Samples: Lease Agreement

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