Common use of Collateral Assignment of Leases Clause in Contracts

Collateral Assignment of Leases. To further secure the prompt payment and performance of its Obligations, each Borrower hereby transfers and assigns to Lender all of such Borrower's right, title and interest in, to and under all now or hereafter existing leases of real Property to which such Borrower is a party, whether as lessor or lessee, and all extensions, renewals, modifications and proceeds thereof.

Appears in 3 contracts

Samples: Loan and Security Agreement (Orion Energy Systems, Inc.), Loan and Security Agreement (LIVE VENTURES Inc), Loan and Security Agreement (LIVE VENTURES Inc)

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Collateral Assignment of Leases. To further secure the prompt payment and performance of its all Obligations, each Borrower hereby transfers and assigns to Lender Agent, for the benefit of Secured Parties, all of such Borrower's ’s right, title and interest in, to and under all now or hereafter existing leases of real Property to which such Borrower is a party, whether as lessor or lessee, and all extensions, renewals, renewals and modifications and proceeds thereof.

Appears in 2 contracts

Samples: Loan and Security Agreement (Superior Essex Inc), Loan and Security Agreement (Modtech Holdings Inc)

Collateral Assignment of Leases. To further secure the prompt payment and performance of its all Obligations, each Borrower hereby transfers and assigns to Lender Agent, for the benefit of Secured Parties, all of such Borrower's right, title and interest in, to and under all now or hereafter existing leases of real Property to which such Borrower is a party, whether as lessor or lessee, and all extensions, renewals, renewals and modifications and proceeds thereof.

Appears in 2 contracts

Samples: Loan and Security Agreement (Bairnco Corp /De/), Loan and Security Agreement (WHX Corp)

Collateral Assignment of Leases. To further secure the prompt payment and performance of its Obligations, each Borrower hereby transfers and assigns to Lender Agent all of such Borrower's ’s right, title and interest in, to and under all now or hereafter existing leases of real Property to which such Borrower is a party, whether as lessor or lessee, and all extensions, renewals, modifications and proceeds thereof.

Appears in 2 contracts

Samples: Loan and Security Agreement (Arctic Cat Inc), Loan and Security Agreement (Arctic Cat Inc)

Collateral Assignment of Leases. To further secure the prompt payment and performance of its Obligations, each Borrower hereby transfers and assigns to Lender Agent all of such Borrower's ’s right, title and interest in, to and under all now or hereafter existing leases of real Property Real Estate to which such Borrower is a party, whether as lessor or lessee, and all extensions, renewals, modifications and proceeds thereof; provided that, Borrower shall not be obligated under this Section to transfer or assign to Agent any leases of Real Estate that are included in the definition of Excluded Collateral.

Appears in 2 contracts

Samples: Loan and Security Agreement (Super Micro Computer, Inc.), Loan and Security Agreement (Super Micro Computer, Inc.)

Collateral Assignment of Leases. To further secure the prompt payment and performance of its the Obligations, each Borrower hereby transfers and assigns to Lender all of such Borrower's ’s right, title and interest in, to and under all now or hereafter existing leases of real Property to which such Borrower is a party, whether as lessor or lessee, and all extensions, renewals, modifications and proceeds thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Nortech Systems Inc)

Collateral Assignment of Leases. To further secure the prompt payment and performance of its Obligations, each Borrower hereby transfers and assigns to Lender Agent all of such Borrower's ’s right, title and interest in, to and under all now or hereafter existing leases of real Property property with annual rents in excess of $1,500,000 to which such Borrower is a party, whether as lessor or lessee, and all extensions, renewals, modifications and proceeds thereof.

Appears in 1 contract

Samples: Loan Agreement (Horizon Global Corp)

Collateral Assignment of Leases. To further secure the prompt payment and performance of its Obligations, each Borrower hereby collaterally transfers and assigns to Lender all of such Borrower's ’s right, title and interest in, to and under all now or hereafter existing leases of real Property to which such Borrower is a party, whether as lessor or lesseelessor, and all extensions, renewals, modifications and proceeds thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Blyth Inc)

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Collateral Assignment of Leases. To further secure the prompt payment and performance of its all Obligations, each Borrower hereby transfers and assigns to Lender Agent, for the benefit of Secured Parties, all of such Borrower's ’s right, title and interest in, to and under all now or hereafter existing leases of real Property to which such Borrower is a party, whether as lessor or lessee, and all extensions, renewals, modifications and proceeds thereofthereof to the extent that such Borrower is permitted to do so under the applicable lease.

Appears in 1 contract

Samples: Loan and Security Agreement (Olympic Steel Inc)

Collateral Assignment of Leases. To further secure the prompt payment and performance of its all Obligations, each Borrower hereby transfers and assigns to Lender Agent, for the benefit of Secured Parties, all of such Borrower's ’s right, title and interest in, to and under all now or hereafter existing leases of real Property to which such Borrower is a party, whether as lessor or lesseelessor, and all extensions, renewals, modifications and proceeds thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Conns Inc)

Collateral Assignment of Leases. To further secure the prompt payment and performance of its Obligations, each Borrower hereby collaterally transfers and assigns to Lender all of such Borrower's ’s right, title and interest in, to and under all now or hereafter existing leases of real Property to which such Borrower is a party, whether as lessor or lessee, and all extensions, renewals, modifications and proceeds thereof.

Appears in 1 contract

Samples: Term Loan and Security (Blyth Inc)

Collateral Assignment of Leases. To further secure the prompt payment and performance of its all Obligations, each Borrower hereby transfers and assigns to Lender Agent, for the benefit of Secured Parties, all of such Borrower's ’s right, title and interest in, to and under all now or hereafter existing the leases of real Property as set forth on Schedule 7.3.2 to which such Borrower is a party, whether as lessor or lessee, and all extensions, renewals, modifications and proceeds thereof, except to the extent assignment is prohibited by such lease.

Appears in 1 contract

Samples: Loan and Security Agreement (United Maritime Group, LLC)

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