Assignment to Lender Clause Samples
The "Assignment to Lender" clause allows a party to transfer its rights and obligations under the agreement to a lender, typically as security for a loan or financing arrangement. In practice, this means that if a party borrows money and uses the contract as collateral, the lender can step into the party’s position if certain conditions are met, such as a default on the loan. This clause facilitates financing by making it easier for parties to use contractual rights as collateral, thereby addressing the lender’s need for security and ensuring the enforceability of the assignment.
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Assignment to Lender. The Member recognizes and agrees that this Agreement is subject to a certain Collateral Assignment of Leases and Occupancy Agreements between the Corporation and its lending institutions and further agrees to accept and recognize these lenders’ rights under said Assignment in the event those rights are exercised.
Assignment to Lender. In the event of the foreclosure of this Mortgage or other transfer of the title to the Property in extinguishment of the Secured Indebtedness, all right, title and interest of Borrower in and to any premiums or payments in satisfaction of claims or any other rights under insurance policies and any insurance policies covering , and to the extent applicable to, the Property shall pass to the transferee of the Property.
Assignment to Lender. In the event of the foreclosure of this Mortgage or other transfer of the title to the Property in extinguishment of the Loan, all right, title and interest of Borrower in and to any insurance policy, or premiums or payments in satisfaction of claims or any other rights under these insurance policies and any other insurance policies covering the Property shall pass to the transferee of the Property, except to the extent such coverage is provided pursuant to a blanket policy or policies maintained by FECI covering FECI and all of its subsidiaries, including Flagler Development Company, as Borrower.
Assignment to Lender. Tenant acknowledges that the Landlord may execute and deliver to Lender an assignment of the Lease as security for the Loan and Lender may assign the Loan to ▇▇▇▇▇▇▇ Mac. Tenant expressly consents to such assignments.
Assignment to Lender. In the event of the foreclosure of this Mortgage or other transfer of the title to the Property in extinguishment of the Loan, all right, title and interest of Borrower in and to any insurance policy, or premiums or payments in satisfaction of claims or any other rights under these insurance policies and any other insurance policies covering the Property shall pass to the transferee of the Property, except to the extent such coverage is provided pursuant to a blanket policy or policies maintained by FECI covering FECI and all of its subsidiaries, including Gran Central-Deerwood North, LLC, as Borrower.
Assignment to Lender. Tenant acknowledges that the Landlord may execute and deliver to Lender an assignment of the Lease as security for the Loan and Lender may assign the Loan to _____________________. Tenant expressly consents to such assignments.
Assignment to Lender. Borrower hereby assigns, sets over and transfers to Lender all Insurance Proceeds and Taking Proceeds and authorizes payment of such Insurance Proceeds and Taking Proceeds to be made directly to Lender. Lender shall apply the Insurance Proceeds and Taking Proceeds first to pay all expenses incurred by Lender in connection with the Casualty or Taking, including, without limitation, attorney's fees and title fees.
Assignment to Lender. 26.3.1 Subject to Sublessee's rights under this Agreement, Owner Trustee may at any time grant Security Interests over the Aircraft and the benefit of this Agreement and any other agreement related to the Aircraft to any Sublessor's Lender as security for Owner Trustee's obligations to such Sublessor's Lender, provided by doing so the obligations of Sublessee under this Agreement shall not materially increase. Owner Trustee's rights to grant any such Security Interests shall be subject only to receipt by Sublessee of an acknowledgement, in form and substance reasonably satisfactory to Sublessee, from or on behalf of Sublessor's Lender relating to quiet enjoyment and other related rights.
26.3.2 On Sublessor's request, Sublessee will execute all such documents as Owner Trustee or Sublessor's Lender may reasonably require (including an Estoppel Certificate) to confirm Sublessee's obligations under this Agreement and for the purpose of perfecting and ensuring and maintaining the perfection of any Security Interest granted by Owner Trustee over the Aircraft or this Agreement and obtain Sublessee's confirmation that no Event of Default is outstanding. Sublessee, at Sublessors expense, will provide all other reasonable assistance and cooperation to Sublessor, Owner Trustee or Sublessor's Lender in connection with any of the matters referred to in this Clause 26 or the perfection and maintenance of any related Security Interest, the making of any necessary changes to the Insurances, the making of any necessary filings and registrations in the State of Incorporation or the provision of any appropriate counsel's opinions in relation to Sublessee's obligations. Except with respect to the initial documentation and filings to be done in connection with this Agreement or at the time of Delivery of the Aircraft hereunder, Sublessor will reimburse Sublessee for its reasonable out-of-pocket costs including reasonable legal fees and expenses in reviewing documents required by Sublessor or Sublessor's Lender
26.3.3 Sublessor will obtain for the benefit of Sublessee an acknowledgement from any Sublessors Assignee or Sublessor's Lender that, so long as no Default has occurred and is continuing hereunder, such Person will not interfere with Sublessees quiet, peaceful use and enjoyment of the Aircraft.
Assignment to Lender. Subject to Sublessee's rights under this Agreement, Owner Trustee and Sublessor may at any time grant Security Interests over the Aircraft and the benefit of this Agreement, the other Transaction Documents and any other agreement related to the Aircraft to any lender as security for Owner Trustee's obligations to such lender. Owner Trustee's rights to grant any such Security Interests shall be subject only to receipt by Sublessee of an acknowledgment from or on behalf of Lender relating to quiet enjoyment by Sublessee of the Aircraft as referred to in Clause 25.4.2.
Assignment to Lender. The provisions of Section 3.2 of the Security Instrument are hereby incorporated by reference into this Agreement to the same extent and with the same force as if fully set forth herein.