Common use of Future Leases Clause in Contracts

Future Leases. (a) Borrower shall furnish to Lender a true and complete copy of each Lease, or renewal or extension of Lease, hereafter made by Borrower with respect to space in the Premises, within five (5) business days after delivery of each such Lease, or renewal or extension of Lease, by the parties thereto. (b) Borrower will from time to time, upon reasonable demand of Lender, confirm in writing the assignment to Lender of any or all Leases hereafter made affecting the Premises or any part or parts thereof, and such written confirmation shall be in such form as Lender shall reasonably require and as necessary to make the same recordable, and shall contain the representations required pursuant to Section 3 of this Assignment. (c) All agreements and obligations to pay commissions or fees in connection with the leasing of any portion of the Premises shall be subject and subordinate to the Mortgage and this Assignment and shall not be enforceable against Lender or any purchaser at a foreclosure sale under the Mortgage, or their respective successors.

Future Leases. (a) Borrower shall furnish to Lender a true and complete copy of each Lease, or renewal or extension of Lease, hereafter made by Borrower with respect to space in the Premises, within five (5) business days after delivery of each such Lease, or renewal or extension of Lease, by the parties thereto. (b) Borrower will from time to time, upon reasonable demand of Lender, confirm in writing the assignment to Lender of any or all Leases hereafter made affecting the Premises or any part or parts thereof, and such written confirmation shall be in such form as Lender shall reasonably require and as necessary to make the same recordable, and shall contain the representations required pursuant to Section 3 of this Assignment. (c) All agreements and obligations to pay commissions or fees in connection with the leasing of any portion of the Premises shall be subject and subordinate to the Mortgage and this Assignment and shall not be enforceable against Lender or 101 any purchaser at a foreclosure sale under the Mortgage, or their respective successors.