Assignment of Letter of Credit. Landlord shall be entitled to assign the Letter of Credit and its rights thereto from time to time in connection with an assignment of this Lease to a Mortgagee as security for the obligations of Landlord to such Mortgagee, or in connection with a sale or other transfer of Landlord’s interest in all or a portion of the Project. Tenant shall cooperate with Landlord in connection with any modifications of or amendments to the Letter of Credit that may be reasonably requested by any Mortgagee and/or in connection with any such assignment. At Landlord’s sole election, Landlord may also direct Tenant to cause the Letter of Credit to directly name a Mortgagee as the sole beneficiary thereunder.
Assignment of Letter of Credit. A document in the form required by Wachovia Bank, National Association transferring the Letter of Credit (hereinafter defined) to Purchaser.
Assignment of Letter of Credit. To further secure payment and performance of all Obligations, Borrower hereby grants to Congress a continuing security interest in, a lien upon, and hereby assigns to Congress, all proceeds of all letters of credit in favor of Borrower, now existing or hereafter arising, and all drafts drawn thereunder (the "Letters of Credit"). Without limiting any of the provisions of the Loan Agreement, the "Collateral" (as defined in the Loan Agreement) includes without limitation all Letters of Credit and all proceeds thereof and all documents relating thereto.
Assignment of Letter of Credit. The Assignment of Letter of Credit in the form and substance of Exhibit “V” attached hereto;
Assignment of Letter of Credit. Two (2) counterparts of an assignment of letter of credit executed by Seller in the form attached hereto as SCHEDULE 8 (the “Assignment of Letter of Credit”);
Assignment of Letter of Credit. Two (2) counterparts of the Assignment of Letter of Credit, executed by Purchaser;
Assignment of Letter of Credit. Assignor hereby assigns, transfers and conveys to Assignee, all of Assignor’s right, title and interest in, to and under the Letter of Credit.
Assignment of Letter of Credit. An assignment of the letter of credit in the approximate amount of $450,000 provided by the tenant of the Tempe Premises to Lender, together with evidence that the issuing bank has amended the letter of credit to provide for such transfer.
Assignment of Letter of Credit. MORTGAGEE. M-F Downtown shall be entitled to assign the Modified TI Letter of Credit and its rights thereto from time to time to a Mortgagee as security for the obligations of M-F Downtown to such Mortgagee, or in connection with a sale or other transfer of M-F Downtown's interest in all or a portion of the Project (provided that, in each instance, M-F Downtown pays any bank fees associated with any transfer of the Modified TI Letter of Credit). HFC shall cooperate with M-F Downtown in connection with any modifications of or amendments to the Modified TI Letter of Credit that may be reasonably requested by any Mortgagee and/or in connection with any such assignment. At M-F Downtown's sole election, M-F Downtown may also direct HFC to cause the Modified TI Letter of Credit to directly name a Mortgagee as the sole beneficiary thereunder.
Assignment of Letter of Credit. Landlord shall assign the Letter of Credit to Master Landlord in accordance with the terms and conditions of Section 3.2 of the Master Landlord Consent. Tenant shall cooperate with Landlord in connection with any modifications of or amendments to the Letter of Credit that may be reasonably requested in connection with any such assignment. Any reasonable and customary costs imposed by the Issuer in connection with an assignment of the Letter of Credit shall be paid by Landlord; provided, however, that Landlord may require the Issuer to fix such costs at the time Landlord approves of the Issuer and Landlord may disapprove any proposed Issuer solely on the basis that the costs such proposed Issuer would impose in connection with an assignment of the Letter of Credit are not reasonable and customary at the time in question.
