Common use of Collection and Application of Rents Clause in Contracts

Collection and Application of Rents. Subject to the license granted to Trustor under Section 1.2 above, Beneficiary has the right, power and authority to collect any and all Rents. Trustor hereby appoints Beneficiary its attorney-in-fact to perform any and all of the following acts, if and at the times when Beneficiary in its sole discretion may so choose after the occurrence of an Event of Default:

Appears in 2 contracts

Samples: Credit Agreement (Cig Wireless Corp.), Credit Agreement (Cig Wireless Corp.)

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Collection and Application of Rents. Subject to the license License granted to Trustor under Section 1.2 above2.2, Beneficiary has the right, power and authority to collect any and all Rents. Trustor hereby appoints Beneficiary its attorney-in-fact to perform any and all of the following acts, if and at the times when Beneficiary in its sole discretion may so choose after choose, but only during the occurrence continuance of an Event of Default:

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (Cost Plus Inc/Ca/)

Collection and Application of Rents. Subject to the license License granted to Trustor under Section 1.2 above2.2, Beneficiary has the right, power and authority to collect any and all Rents. Trustor hereby appoints Beneficiary its attorney-in-fact to perform any and all of the following acts, if and at the times when Beneficiary in its sole discretion may so choose after the occurrence of an Event of Defaultchoose:

Appears in 1 contract

Samples: Recording Requested (Oakley Inc)

Collection and Application of Rents. Subject to the license License granted to Trustor under Section 1.2 above2.2, Beneficiary has the right, power and authority to collect any and all RentsRents and exercise Trustor’s right, title and interest under the Leases. Trustor hereby appoints Beneficiary its attorney-in-fact (which appointment is irrevocable and coupled with an interest) to perform any and all of the following acts, if and at the times when Beneficiary in its sole absolute discretion may so choose after the occurrence of an Event of Defaultchoose:

Appears in 1 contract

Samples: Credit Agreement (Pinnacle Entertainment Inc)

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Collection and Application of Rents. Subject to the license License granted to Trustor under Section 1.2 above2.02, Beneficiary has the right, power and authority to collect any and all Rents. Trustor hereby appoints Beneficiary its attorney-in-fact may apply all amounts received by it pursuant to perform this assignment to pay Secured Obligations, expenses of leasing, operating, maintaining and managing the Property, taxes, charges, claims, assessments, any other liens, and all of the following actspremiums for insurance, if in such amounts and at the times when in such order as Beneficiary in its sole discretion may so choose after the occurrence of an Event of Default:deems appropriate.

Appears in 1 contract

Samples: Purchase Agreement (Rancon Realty Fund V)

Collection and Application of Rents. Subject to the license License granted to Trustor under Section 1.2 subsection 3(a) above, Beneficiary has the right, power power, and authority to collect any and all Rents. Subject to the License granted to Trustor under subsection 3(a) above, Trustor hereby appoints Beneficiary its attorney-in-fact to perform any and all of the following acts, if and at the times when Beneficiary in its sole discretion may so choose after the occurrence of an Event of Defaultchoose:

Appears in 1 contract

Samples: Security Agreement and Fixture

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