Common use of RENTS; RECEIVER Clause in Contracts

RENTS; RECEIVER. Subject to the rights of the holder of any first mortgage to which this Lease is or is made subordinate, the Lessee pledges with, and assigns to, the Lessor as security for Lessee's obligations under this Lease all rents, issues, and profits that might otherwise accrue to the Lessee for the use, enjoyment, and operation of the Demised Premises. In connection with such pledging of the