Assignment to Tenant Clause Samples

Assignment to Tenant. Without limiting Section 4.1, except as provided herein, Original Landlord hereby assigns to Tenant as of the Commencement Date all of the right, title and interest of Original Landlord under the Existing Leases and to any benefits arising under the Existing Leases, including, without limitation, all security deposits held by or on behalf of Original Landlord pursuant thereto (except to the extent, if any, the same are adjusted in accordance with the Prorations) and all rents and other amounts payable to Original Landlord pursuant to the Existing Leases and Original Landlord agrees that all rents and other amounts payable pursuant to the Existing Leases will be payable directly to Tenant during the Term. Tenant confirms that Tenant’s interest in Existing Leases will be subject to the rights of any Mortgagee under the Mortgage Loan Documents.