Common use of ASSIGNMENT TO LESSOR Clause in Contracts

ASSIGNMENT TO LESSOR. Lessee hereby assigns and transfers to Lessor -------------------- all of Lessee's interest in all rentals and income arising from any sublease heretofore or hereafter made by Lessee, and Lessor may collect such rent and income and apply same toward Lessee's obligations under this Lease; provided however, that until a default shall occur in the performance of Lessee's obligations under this Lease and such default remains uncured after the expiration of the applicable notice and cure period provided in this Lease, (subject to Lessee being entitled to fifty percent (50%) of any excess consideration after Lessor collects all of its attorneys fees and other costs of collection and enforcement and all amounts then due under this Lease), Lessee may receive, collect and enjoy the rents accruing under such sublease. Lessor shall not, by reason of this or any other assignment of such sublease to Lessor nor by reason of the collection of the rents from a sublessee, be deemed liable to the sublessee for any failure ' lure of Lessee to perform and comply with any of Lessee's obligations to such sublessee under such sublease. Lessee hereby irrevocably authorizes and. directs any such sublessee, upon receipt of a written notice from Lessor stating that an uncured default exists in the performance of Lessee's obligations under this Lease, to pay to Lessor the rents due and to become due under the sublease. Lessee agrees that such sublessee shall have the right to rely upon any such statement and request from Lessor, and that such sublessee shall pay such rents to Lessor without any obligation or right to inquire as to whether such default exists and notwithstanding any notice from or claim from Lessee to the contrary. Lessee shall have no right or claim against such sublessee or Lessor for any such rents so paid by said sublessee to Lessor.

ASSIGNMENT TO LESSOR. Lessee hereby assigns and transfers to Lessor all -------------------- all of Lessee's interest in all rentals and income arising from any sublease heretofore or hereafter made by Lessee, and Lessor may collect such rent and income and apply same toward Lessee's obligations under this Lease; provided however, that until a default shall occur in the performance of Lessee's obligations under this Lease and such default remains uncured after the expiration of the applicable notice and cure period provided in this Lease, (subject to Lessee being entitled to fifty percent (50%) of any excess consideration after Lessor collects all of its attorneys fees and other costs of collection and enforcement and all amounts then due under this Lease), Lessee may receive, collect and enjoy the rents accruing under such sublease. Lessor shall not, by reason of this or any other assignment of such sublease to Lessor nor by reason of the collection of the rents from a sublessee, be deemed liable to the sublessee for any failure ' lure of Lessee to perform and comply with any of Lessee's obligations to such sublessee under such sublease. Lessee hereby irrevocably authorizes and. directs any such sublessee, upon receipt of a written notice from Lessor stating that an uncured default exists in the performance of Lessee's obligations under this Lease, to pay to Lessor the rents due and to become due under the sublease. Lessee agrees that such sublessee shall have the right to rely upon any such statement and request from Lessor, and that such sublessee shall pay such rents to Lessor without any obligation or right to inquire as to whether such default exists and notwithstanding any notice from or claim from Lessee to the contrary. Lessee shall have no right or claim against such sublessee or Lessor for any such rents so paid by said sublessee to Lessor.