Common use of Notice to Lessee of Assignor's Default Clause in Contracts

Notice to Lessee of Assignor's Default. Assignor hereby irrevocably authorizes each Lessee, upon demand and notice from Assignee of Assignor’s default under the Obligations, the Security Instrument or this Assignment, to pay all rents, income and profits under the Leases to Assignee. Each Lessee shall have the right to rely upon any such notices of Assignee that Lessee shall pay all rents, income and profits to Assignee, without any obligation to inquire as to the actual existence of the default, notwithstanding any claim of Assignor to the contrary. Assignor shall have no claim against any Lessee for any rents paid by Lessee to Assignee. Upon the curing of all defaults caused by Assignor under the Obligations, the Security Instrument or this Assignment, Assignee shall give each Lessee written notice of such cure and, thereafter, until, further notice from Assignee, the Lessees shall pay the rents, incomes and profits to Assignor.

Appears in 1 contract

Samples: Office Lease (Visa Inc.)

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Notice to Lessee of Assignor's Default. Assignor hereby irrevocably authorizes and directs each Lessee, upon demand and receipt of notice from Assignee of Assignor’s 's default under the ObligationsNote, the Security Instrument Mortgage or this Assignment, to pay all rents, income and profits under the Leases to Assignee. Each Lessee shall have the right to rely upon any such notices of Assignee that Lessee shall pay all rents, income and profits to Assignee, without any obligation to inquire as to the actual existence of the default, notwithstanding any claim of Assignor to the contrary. Assignor shall have no claim against any Lessee for any rents paid by Lessee Xxxxxx to Assignee. Upon the curing of all defaults caused by Assignor under the Obligations, the Security Instrument Mortgage or this Assignment, Assignee shall give each Lessee written notice of such cure and, thereafter, until, until further notice from Assignee, the Lessees each Lessee shall pay the rents, incomes and profits to AssignorAssignor as the licensor under the License.

Appears in 1 contract

Samples: Assignment of Leases and Rents

Notice to Lessee of Assignor's Default. Assignor hereby irrevocably --------------------------------------- authorizes each Lessee, upon demand and notice from Assignee of Assignor’s default 's Event of Default under the Obligations, the Security Instrument Mortgage, this Assignment or this Assignmentother Loan Documents, to pay all rents, income and profits Rents under the Leases to Assignee. Each Assignor agrees that each Lessee shall have the right to rely upon any such notices of Assignee that Lessee shall pay all rents, income and profits Rents to Assignee, without any obligation to inquire as to the actual existence of the default, notwithstanding any notice from or claim of Assignor to the contrary. Assignor shall have no claim against any Lessee for any rents Rents paid by Lessee to Assignee. Upon the curing Assignor's cure of all defaults caused by Assignor under the ObligationsEvents of Default, the Security Instrument Mortgage, this Assignment or this Assignmentother Loan Documents, Assignee shall may give each Lessee written notice of such cure and, thereafter, until, until further notice from Assignee, the Lessees Lessee shall pay the rents, incomes and profits Rents to Assignor.

Appears in 1 contract

Samples: Overseas Partners LTD

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Notice to Lessee of Assignor's Default. Assignor hereby irrevocably -------------------------------------- authorizes each Lessee, upon demand and notice from Assignee of Assignor’s default 's Event of Default under the Obligations, the Security Instrument Mortgage, this Assignment or this Assignmentother Loan Documents, to pay all rents, income and profits Rents under the Leases to Assignee. Each Assignor agrees that each Lessee shall have the right to rely upon any such notices of Assignee that Lessee shall pay all rents, income and profits Rents to Assignee, without any obligation to inquire as to the actual existence of the default, notwithstanding any notice from or claim of Assignor to the contrary. Assignor shall have no claim against any Lessee for any rents Rents paid by Lessee to Assignee. Upon the curing Assignor's cure of all defaults caused by Assignor under the ObligationsEvents of Default, the Security Instrument Mortgage, this Assignment or this Assignmentother Loan Documents, Assignee shall may give each Lessee written notice of such cure and, thereafter, until, until further notice from Assignee, the Lessees Lessee shall pay the rents, incomes and profits Rents to Assignor.

Appears in 1 contract

Samples: Overseas Partners LTD

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