Common use of Notice to Tenant Clause in Contracts

Notice to Tenant. After notice is given to Tenant by Lender that an Event of Default (as defined in the Security Instrument) exists under the Security Instrument and that the rentals under the Lease should be paid to Lender pursuant to the terms of the Assignment of Rents, Tenant shall thereafter pay to Lender or as directed by the Lender, all rentals and all other monies due or to become due to Landlord under the Lease and Landlord hereby expressly authorizes Tenant to make such payments to Lender and hereby releases and discharges Tenant from any liability to Landlord on account of any such payments.

Appears in 6 contracts

Samples: Purchase and Sale Agreement (Carter Validus Mission Critical REIT II, Inc.), Master Lease (21st Century Oncology Holdings, Inc.), Lease Agreement (Carter Validus Mission Critical REIT, Inc.)

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