Assignment of Rent. 4.1 Subject to the terms of Section 4.2, Tenant hereby absolutely and irrevocably assigns and transfers to Landlord Tenant's rights under the Sublease to all rentals and other sums due Tenant under the Sublease.
Assignment of Rent. Tenant immediately and irrevocably assigns to Landlord, as security for Tenant's obligations under this Lease, all rent from any subletting of all or a part of the Premises as permitted by this Lease, and Landlord, as assignee and attorney-in-fact for Tenant, or a receiver for Tenant appointed on Landlord's application, may collect such rent and apply it toward Tenant's obligation under this Lease; except that, until the occurrence of an act of default by Tenant, Tenant shall have the right to collect such rent.
Assignment of Rent. Sublandlord and Subtenant agree that until a default shall occur in the performance of Sublandlord's obligations under the Master Lease, Sublandlord shall have a license to receive, collect and enjoy the rentals and other sums due Sublandlord under the Sublease. However, said license shall automatically terminate without notice to Sublandlord upon the occurrence of a default by Sublandlord in the performance of its obligations under the Master Lease and Lessor may thereafter, at its option, receive and collect, directly from Subtenant, all rentals and other sums due or to be due Sublandlord under the Sublease. Lessor shall not, by reason of the assignment of all rentals and other sums due Sublandlord under the Sublease nor by reason of the collection of said rentals or other sums from the Subtenant, (a) be bound by or become a party to the Sublease, (b) be deemed to have accepted the attornment of Subtenant, or (c) be deemed liable to Subtenant for any failure of Sublandlord to perform and comply with Sublandlord's obligations under the Sublease. Sublandlord hereby irrevocably authorizes and directs Subtenant, upon receipt of any written notice from Lessor stating that a default exists in the performance of Sublandlord's obligations under the Master Lease, to pay directly to Lessor the rents and other income due and to become due under the Sublease. Sublandlord agrees that Subtenant shall have the right to rely solely upon such notice from Lessor notwithstanding any conflicting demand by Sublandlord or any other party. Sublandlord hereby agrees to indemnify, defend and hold Subtenant harmless from any and all claims, losses, liabilities, judgements, costs, demands, causes of action and expenses (including, without limitation, attorneys' fees and consultants' fees) (collectively, "Claims") which Subtenant may incur in relying on any written notice form Lessor and/or paying rent and other sums due under the Sublease directly to Landlord in accordance with this Section 13.
Assignment of Rent. The Enclave Condominium Association reserves the right to notify the Tenant to pay all rent to the Association in the event that the Association has assessed fines against the owner for violation of the rules and regulations or if the owner is otherwise delinquent in payments to the Association as required by the Rules and regulations, the Master Deed, or the By-Laws of the Association. The Owner consents to the assignment of rents paid by tenant for this apartment, if owner (landlord) is more than 30 days in arrears of condominium fees and any assessments. This lease agreement shall not be binding on either party hereto until landlord has received and approved the tenant’s credit application. In the event that the tenant’s credit application is not approved by the landlord or Association, then the Landlord or Association shall have the right to terminate this agreement. The undersigned acknowledges by their execution of this lease that they waive, release and relinquish any right to pursue any claim against the Enclave Condominium Association, Inc. or any of its agents, employees or representatives as a result of any damage to their vehicle, while such vehicle is parked in the Condominium’s parking facility , or for any fire, theft, or vandalism or any other claim of any type whatsoever. This waiver also releases and relinquishes any right to pursue any claim against the Enclave Condominium Association, Inc., or its agents, employees, or representatives, as a result of any damage to their rental unit, or for any fire, theft, or vandalism, or any other claim of any type, except for any claim for damages arising out of the conduct of the Enclave Condominium Association, Inc., or its agents, employees, or representatives.
Assignment of Rent. If, at any time after the signing of this Addendum, the Landlord becomes delinquent in the payment of amounts due from Landlord to the Association as required by the Condominium Instruments, the Landlord and Tenant acknowledge and agree that the Association may demand, and immediately thereafter shall receive, payment directly from Tenant of all rent or other amounts due or becoming due from Tenant to Landlord, up to an amount sufficient to pay all sums due from Landlord to the Association, and any such payment from Tenant to the Association shall be deemed to be payment of rent to Landlord in accordance with the Lease, and Tenant shall be discharged from any obligation to pay directly to Landlord any such amounts, so long as such payments are made to the Association, until Landlord’s delinquency to the Association has been cured. However, the Landlord remains liable for all amounts due the Association under the Condominium Instruments, and if the Association elects to receive payment of rent directly from Tenant, Landlord shall be responsible for payment of such amounts, and any resulting interest, fees and costs, if the Tenant fails to timely make his or her monthly payment to the Association pursuant to this Paragraph.
Assignment of Rent. In the event of default in the payment by Landlord of any sums, charges or assessments required to be paid by Landlord to the Cooperative, the Cooperative, at its option, shall be subrogated to all the rights of Landlord under this Sublease, including the right to collect rent on the terms and conditions of this Sublease. A written notice of the exercise of its option by the Cooperative, delivered to Landlord and Tenant, either by hand or by certified or registered mail, shall be sufficient to vest in the Cooperative all of the rights of the Landlord under this Sublease, and Tenant shall thereafter pay all rent provided for under this Sublease directly to the Cooperative, until the Cooperative gives Tenant a further written notice that Landlord’s default to the Cooperative has been cured.
Assignment of Rent. 5.1 Subject to the terms hereof and to those of Section 5.2 below, Tenant hereby absolutely and irrevocably assigns and transfers to Landlord Tenant’s rights under the Sublease to all rentals and other sums due Tenant under the Sublease to secure payment of Tenant’s rent due under the Master Lease. Pursuant to the terms of Section 12.6 (Transfer Premium from Assignment or Subletting) of the Master Lease, and in addition to all sums due under the Master Lease, Tenant agrees to pay to Landlord as additional rent an amount equal to one-half (1/2) of the amount Tenant receives from Subtenant which is excess of the Base Rent owed to Landlord pursuant to the terms of the Master Lease with respect to the Sublease Premises.
Assignment of Rent. If at any time during the lease term, including any extension, renewal or holdover term, Landlord becomes delinquent in the payment of any amounts due from Landlord to the Association, the Association, at its option, as long as such delinquency continues, may demand and receive payment from Tenant of all such amounts due or becoming due, up to an amount sufficient to pay all sums due from Landlord to the Association, and any such payment from Tenant to the Association shall be deemed to be a full and sufficient payment of rent to Landlord in accordance with the Lease, and Tenant shall be discharged from any obligation to pay such amounts directly to Landlord, so long as such payments are * Please be aware of regulations governing the leasing of residential property within the District of Columbia. For more information visit: xxxx://xxxx.xx.xxx/service/residential-housing-rental-license-information and xxxx://xxxx.xx.xxx/service/get-one-family-rental-license. made to the Association, until Landlord’s delinquency to the Association has been fully cured. Tenant shall begin making such payments upon receipt of a letter signed by an authorized officer of the Association, indicating that the Landlord is delinquent in the payment of assessments and demanding payment from the Tenant pursuant to this Paragraph, and shall continue making such payments in monthly installments equal to monthly installations of rent due pursuant to the Lease until advised in writing by the Association that the delinquency has been cured. Landlord hereby assigns to the Association the right to take legal action for non-payment of rent, including the right to terminate the Lease, evict Tenant, and obtain possession of the Premises, as set forth in Paragraph 1.b., above, if Tenant fails to pay the Association any amounts due pursuant to this Paragraph.
Assignment of Rent from Subtenants TENANT immediately and irrevocably assigns to LANDLORD, as security for TENANT's obligations under this lease, all rent from any subletting of all or a part of PREMISES as permitted by this lease, and LANDLORD, as assignee and attorney-in-fact for TENANT, or a receiver for TENANT appointed on LANDLORD's application, may collect such rent and apply it toward TENANT's obligations under this lease; except that, until the occurrence of an act of default by TENANT, TENANT shall have the right to collect such rent.
Assignment of Rent. LANDLORD may assign the rentals derived herefrom to the financial institutions of its choice for the purposes of securing Funds and the TENANT and its guarantors who shall sign the notification and they also hereby agree to cooperate with any and all reasonable requests for financial information to comply with the needs to assess the financial strength of the TENANT and its guarantor. Such procedures to process this information will be done so under standard banking practices, with the highest practical level of confidentiality being observed.
