Assignor Covenants. The Assignor covenants and represents that:
Assignor Covenants. Each Assignor covenants and agrees (a) to establish and collect rates and charges for the services and commodities provided by its Electric System sufficient to provide Revenues adequate to meet its obligations under this Agreement and to pay all other amounts payable from, and all lawful charges against or liens upon, the Revenues; (b) to make payments under this Agreement from the Revenues of, and as an operating expense of, its electric system; (c) to make payments under this Agreement whether or not there is an interruption in, interference with, or reduction or suspension of services provided under this Agreement (such payments are not subject to any reduction, whether by offset or otherwise, and regardless of whether any dispute exists); and (d) to operate its electric system and the business in connection therewith in an efficient manner and at reasonable cost and to maintain its electric system in good repair, working order, and condition.
Assignor Covenants. The Assignor hereby covenants:
Assignor Covenants. Assignor covenants and agrees that, until such time as this Assignment is terminated and released by Lender:
Assignor Covenants. The Assignor shall promptly remit to the Assignee any proceeds received from any accounts receivable related to the Assigned Contracts, regardless of when such proceeds are received or whether such proceeds were obtained as a result of the collections efforts of the Assignee. At the reasonable request of the Assignee, Assignor shall use commercially reasonable efforts to assist in the collection of any and all outstanding accounts receivable.
Assignor Covenants. Assignor hereby covenants with Administrative Agent, for the benefit of Secured Parties, that during the term of this Assignment: (a) Assignor shall not transfer the responsibility for the management of the Property from Manager to any other person or entity other than to a Qualified Manager in accordance with the terms of the Loan Documents; and (b) Assignor shall, in the manner provided for in this Assignment, give notice to Administrative Agent of any notice or information that Assignor receives which indicates that Manager is terminating the Management Agreement or that Manager is otherwise discontinuing its management of the Property.
Assignor Covenants. (A) Assignor covenants with Assignee that Assignor (a) shall observe and perform all the obligations imposed upon the lessor under the Leases and shall not do or permit to be done anything to impair the value of the Leases as security for the Debt; (b) shall promptly send to Assignee copies of all notices of default which Assignor shall receive under the Leases; (c) shall not collect any Rents more than one (1) month in advance; (d) shall not execute any other assignment of lessor's interest in the Leases or the Rents; (e) shall execute and deliver at the request of Assignee all such further assurances, confirmations and assignments in connection with the Mortgaged Property as Assignee shall from time to time require; (f) shall not enter into any new lease of the Mortgaged Property without the prior written consent of Assignee (unless such new Lease satisfies the Approval Conditions described below), and in any event, any new Lease shall be on a form of lease approved by Assignee, or any other commercially reasonable form; (g) shall deliver to Assignee, upon request, tenant estoppel certificates from each commercial Lessee at the Mortgaged Property in form and substance reasonably satisfactory to Assignee (provided, however, that Assignor shall not be required to deliver such certificates more frequently than one (1) time in any calendar year); and (h) shall deliver to Assignee, at Assignee's request, executed copies of all Leases now existing or hereafter arising. Lender shall execute and deliver a Subordination Non-Disturbance and Attornment Agreement on Lender's then current form to tenants under future Leases promptly upon request with such commercially reasonable changes as may be requested by tenants, from time to time, and which are reasonably acceptable to Lender.
Assignor Covenants. 1. The Assignor hereby covenants with the Assignee that he has full powers and right to assign the said Property and that it is free of charges and encumbrances.
Assignor Covenants. Assignor covenants and agrees (i) to pay all Fixed Rent and Additional Rent due and payable under the Lease through October 31, 2018, (ii) to continue to pay its debts as they become due; (iii) not to file an Insolvency Proceeding during the two (2) year period immediately after the Effective Date and (iv) to notify Assignee in writing within ten (10) days after the filing of an Insolvency Proceeding, whether voluntary or involuntary.
Assignor Covenants
