Assignment of Management Agreement. As additional collateral security for the Loan, Borrower conditionally transfers, sets over, and assigns to Lender all of Borrower’s right, title and interest in and to the Management Agreement and all extensions and renewals. This transfer and assignment will automatically become a present, unconditional assignment, at Lender’s option, upon a default by Borrower under the Note, the Loan Agreement, the Security Instrument or any of the other Loan Documents (each, an “Event of Default”), and the failure of Borrower to cure such Event of Default within any applicable grace period.
Appears in 22 contracts
Samples: Assignment of Management Agreement, Assignment of Management Agreement (Steadfast Apartment REIT III, Inc.), Assignment of Management Agreement (Steadfast Apartment REIT III, Inc.)
Assignment of Management Agreement. As additional collateral security for the Loan, Borrower conditionally transfers, sets over, and assigns to Lender all of Borrower’s right, title and interest in and to the Management Agreement and all extensions and renewals. This transfer and assignment will automatically become a present, unconditional assignment, at Lender’s option, upon a default by Borrower under the Note, the Loan Agreement, the Security Instrument or any of the other Loan Documents (each, an “Event of Default”), and the failure of Borrower to cure such Event of Default within any applicable grace period.. Assignment of Management Agreement and
Appears in 17 contracts
Samples: Assignment of Management Agreement (Steadfast Income REIT, Inc.), Assignment of Management Agreement (Steadfast Income REIT, Inc.), Assignment of Management Agreement (Steadfast Apartment REIT, Inc.)
Assignment of Management Agreement. As additional collateral security for the Loan, Borrower conditionally transfers, sets over, and assigns to Lender all of Borrower’s right, title and interest in and to the Management Agreement and all extensions and renewals. This transfer and assignment will automatically become a present, unconditional assignment, at Lender’s option, upon a default by Borrower under the Credit Agreement, the Note, the Loan Agreement, the Security Instrument or any of the other Loan Documents (each, an “Event of Default”), and the failure of Borrower to cure such Event of Default within any applicable grace period.
Appears in 9 contracts
Samples: Assignment of Management Agreement (Steadfast Income REIT, Inc.), Assignment of Management Agreement (Steadfast Income REIT, Inc.), Assignment of Management Agreement (Steadfast Income REIT, Inc.)
Assignment of Management Agreement. As additional collateral security for the Loan, Borrower conditionally transfers, sets over, and assigns to Lender all of Borrower’s right, title and interest in and to the Management Agreement and all extensions and renewals. This transfer and assignment will automatically become a present, unconditional assignment, at Lender’s option, upon a default by Borrower under the Note, the Loan Agreement, the Security Instrument or any of the other Loan Documents (each, an “Event of Default”), and the failure of Borrower to cure such Event of Default within any applicable grace period.. Assignment of Management Agreement andSubordination of Management Fees
Appears in 2 contracts
Samples: Assignment of Management Agreement (Bluerock Residential Growth REIT, Inc.), Assignment of Management Agreement (Bluerock Residential Growth REIT, Inc.)
Assignment of Management Agreement. As additional collateral security for the Loan, Borrower conditionally transfers, sets over, and assigns to Lender all of Borrower’s 's right, title and interest in and to the Management Agreement and all extensions and renewals. This transfer and assignment will automatically become a present, unconditional assignment, at Lender’s 's option, upon a default by Borrower under the Note, . the Loan Agreement, the Security Instrument or any of the other Loan Documents (( each, an “"Event of Default”"), and the failure of Borrower to cure such Event of Default within any applicable grace period. 2.
Appears in 2 contracts
Samples: Property Management Agreement, Property Management Agreement (Steadfast Apartment REIT, Inc.)
Assignment of Management Agreement. As additional collateral security for the Loan, Borrower hereby conditionally transfers, sets over, over and assigns to Lender all of Borrower’s right, title and interest in and to the Management Agreement and all extensions and renewals. This , said transfer and assignment will to automatically become a present, unconditional assignment, at Lender’s option, upon in the event of a default by Borrower under the Note, the Loan Agreement, the Security Instrument or any of the other Loan Documents (each, an “Event of Default”), and the failure of Borrower to cure such Event of Default within any applicable grace period.
Appears in 2 contracts
Samples: Management Agreement (Steadfast Income REIT, Inc.), Management Agreement (Paladin Realty Income Properties Inc)
Assignment of Management Agreement. As additional collateral security for the Loan, Borrower conditionally transfers, sets over, over and assigns to Lender all of Borrower’s right, title and interest in and to the Management Agreement and all extensions and renewals. This transfer and assignment will automatically become a present, unconditional assignment, at LenderXxxxxx’s option, upon a default by Borrower under the Note, the Loan Agreement, the Security Instrument or any of the other Loan Documents (each, an “Event of Default”), and the failure of Borrower to cure such Event of Default within any applicable grace period.
Appears in 2 contracts
Samples: Assignment of Management Agreement, Assignment of Management Agreement
Assignment of Management Agreement. As additional collateral security for the Loan, Borrower conditionally transfers, sets over, and assigns to Lender all of Borrower’s 's right, title and interest in and to the Management Agreement and all extensions and renewals. This transfer and assignment will automatically become a present, unconditional assignment, at Lender’s 's option, upon a default by Borrower under the Note, the Loan Agreement, the Security Instrument or any of the other Loan Documents (each, an “"Event of Default”"), and the failure of Borrower to cure such Event of Default within any applicable grace period. 2.
Appears in 1 contract
Samples: Management Agreement (Steadfast Apartment REIT, Inc.)
Assignment of Management Agreement. As additional collateral security for the Loan, Borrower conditionally transfers, sets over, and assigns to Lender all of Borrower’s 's right, title and interest in and to the Management Agreement and all extensions and renewals. This transfer and assignment will automatically become a present, unconditional assignment, at Lender’s 's option, upon a default by Borrower under the Note, the Loan Agreement, the Security Instrument or any of the other Loan Documents (( each, an “"Event of Default”"), and the failure of Borrower to cure such Event of Default within any applicable grace period. 2.
Appears in 1 contract
Samples: Property Management Agreement (Steadfast Apartment REIT, Inc.)
Assignment of Management Agreement. As additional collateral security for the Loan, Borrower conditionally transfers, sets over, and assigns to Lender all of Borrower’s right, title and interest in and to the Management Agreement and all extensions and renewals. This transfer and assignment will automatically become a present, unconditional assignment, at LenderXxxxxx’s option, upon a default by Borrower under the Note, the Loan Agreement, the Security Instrument or any of the other Loan Documents (each, an “Event of Default”), and the failure of Borrower to cure such Event of Default within any applicable grace period.
Appears in 1 contract
Samples: Assignment of Management Agreement
Assignment of Management Agreement. As additional collateral security for the Loan, Borrower conditionally transfers, sets over, and assigns to Lender all of Borrower’s 's right, title and interest in and to the Management Agreement and all extensions and renewals. This transfer and assignment assigmnent will automatically become a present, unconditional assignmentassigmnent, at Lender’s 's option, upon a default by Borrower under the Note, the Loan Agreement, the Security Instrument or any of the other Loan Documents (( each, an “"Event of Default”"), and the failure of Borrower to cure such Event of Default within any applicable grace period. 2.
Appears in 1 contract
Samples: Property Management Agreement (Steadfast Apartment REIT, Inc.)
Assignment of Management Agreement. As additional collateral security for the Loan, Borrower conditionally transfers, . sets over, . and assigns to Lender all of Borrower’s 's right, title and interest in and to the Management Agreement and all extensions and renewals. This transfer and assignment will automatically become a present, unconditional assignment, . at Lender’s 's option, upon a default by Borrower under the Note, the Loan Agreement, the Security Instrument or any of the other Loan Documents (each, an “"Event of Default”''), and the failure of Borrower to cure such Event of Default within any applicable grace period. 2.
Appears in 1 contract
Samples: Property Management Agreement (Steadfast Apartment REIT, Inc.)