Common use of Assignment of Management Agreement Clause in Contracts

Assignment of Management Agreement. As additional collateral security for the Loan Agreement, Borrower hereby conditionally transfers, sets over and assigns to Lender all of Borrower’s right, title and interest in and to the Management Agreement, said transfer and assignment to automatically become a present, unconditional assignment, at Lender’s option, upon the occurrence of an Event of Default.

Assignment of Management Agreement. As additional collateral security for the Loan AgreementLoan, Borrower hereby conditionally transfers, sets over and assigns to Lender all of Borrower’s right, title and interest in and to the Management Agreement, said transfer and assignment to automatically become a present, unconditional assignment, at Lender’s option, upon in the occurrence event of an Event a default by Borrower under the Loan Agreement or any of Defaultthe other Loan Documents.

Assignment of Management Agreement. As additional collateral security for the Loan AgreementLoan, Borrower hereby conditionally transfers, sets over and assigns to Lender all of Borrower’s right, title and interest in and to the Management Agreement, said transfer and assignment to automatically become a present, unconditional assignment, at Lender’s option, upon in the occurrence event of an Event a default by Borrower under the Note, the Security Instrument or any of Defaultthe other Loan Documents (as defined in the Note) and the failure of Borrower to cure such default within any applicable grace period.

Assignment of Management Agreement. As additional collateral security for the Loan AgreementLoan, Borrower hereby conditionally transfers, sets over and assigns to Lender all of Borrower’s right, title and interest in and to the Management Agreement, said transfer and assignment to automatically become a present, unconditional assignment, at Lender’s option, upon in the occurrence event of an Event a default by Borrower under the Loan Documents, including but not limited to escrow agreements, and the failure of DefaultBorrower to cure such default within any applicable notice and/or grace period.

Assignment of Management Agreement. As additional collateral security for the Loan AgreementLoan, Borrower hereby conditionally transfers, sets over and assigns to Lender all of Borrower’s 's right, title and interest in and to the Management Agreement, said transfer and assignment to automatically become a present, unconditional assignment, at Lender’s 's option, upon and during the occurrence continuance of an Event of DefaultDefault by Borrower under the Loan Agreement or any of the other Loan Documents.

Assignment of Management Agreement. As additional collateral security for the Loan AgreementLoan, Borrower hereby conditionally collaterally transfers, sets over and assigns to Lender Administrative Bank all of Borrower’s right, title and interest in and to the Management Agreement, said transfer and assignment to automatically become a present, unconditional assignment, at LenderAdministrative Bank’s option, upon the occurrence and during the continuance of an Event of Default.

Assignment of Management Agreement. As additional collateral security for the Loan AgreementLoan, Borrower hereby conditionally transfers, sets over and assigns to Lender all of Borrower’s right, title and interest in and to the Management Agreement, and in and to any operating accounts contemplated by the Management Agreement, said transfer and assignment to automatically become a present, unconditional assignment, at Lender’s option, upon in the occurrence event of an Event a default by Borrower under the Loan Agreement or any of Defaultthe other Loan Documents.

Assignment of Management Agreement. As additional collateral security for the Loan AgreementLoan, Borrower hereby conditionally transfers, sets over and assigns to Lender all of Borrower’s 's right, title and interest in and to the Management Agreement, said transfer and assignment to automatically become a present, unconditional assignment, at Lender’s 's option, upon in the occurrence event of an Event a default by Borrower under the Loan Documents, including but not limited to escrow agreements, and the failure of DefaultBorrower to cure such default within any applicable grace period.

Assignment of Management Agreement. (a) As additional collateral security for the Loan AgreementLoan, Borrower hereby conditionally unconditionally transfers, sets over and assigns to Lender all of Borrower’s 's right, title and interest in and to the Management Agreement, said transfer and assignment to automatically become a present, unconditional assignment, at Lender’s 's option, upon the occurrence of an Event of DefaultDefault (as hereinafter defined).

Assignment of Management Agreement. As additional collateral security for the Loan AgreementLoan, Borrower hereby conditionally transfers, sets over and assigns to Lender all of Borrower’s right, title and interest in and to the Management Agreement, said transfer and assignment to automatically become a present, unconditional assignment, at Lender’s option, upon the occurrence and during the continuation of an Event of Default.

Assignment of Management Agreement. As additional collateral security for the Loan AgreementLoan, Borrower hereby conditionally transfers, sets over and assigns to Lender all of Borrower’s 's right, title and interest in and to the Management Agreement, said transfer and assignment to automatically become a present, unconditional assignment, at Lender’s 's option, upon the occurrence and during the continuance of an Event of DefaultDefault under the Note, the Loan Agreement, the Mortgage or any of the other Loan Documents (each, an "EVENT OF DEFAULT").