Assigned Rents definition

Assigned Rents means all rents, benefits and other monies payable from time to time under the Assigned Leases;
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Examples of Assigned Rents in a sentence

  • Any fees paid from the Assigned Rents to the Sponsor or any affiliate for property management services or separate lease administration services must be first determined by the Fund's Board of Trustees to be fair, reasonable and competitive with fees charged by other parties providing similar services.

  • The Trustee hereby names the Sponsor, as its agent, to collect the Assigned Rents and promptly to remit the Net Amount, as defined below, to the Trustee.

  • This Assignment shall constitute a present, absolute and unconditional assignment of the rents due and owing under the Lease on or after ________________________, ________, until the termination of this Assignment (hereinafter, "Assigned Rents") subject only to the terms and conditions herein.

  • The Trustees hereby name the Sponsor, as their agent, to collect the Assigned Rents and promptly to remit the Net Amount, as defined below, to the Fund.

  • The Fund has acquired its rights to the Assigned Rents pursuant to this Assignment by advancing to the Sponsor the sum of __________________ Dollars ($__________), (hereinafter the "Purchase Amount").

  • Any accrued but unpaid Assigned Rents, net of outstanding obligations of the landlord under the Lease, shall also be due and payable.

  • This Assignment shall constitute a present, absolute and unconditional assignment of all the rents due and owing under the Lease on or after __________________, _____, until the termination of this Assignment (hereinafter, "Assigned Rents").

  • Any accrued but unpaid Assigned Rents, net of outstanding obligations of the Sponsor under the Lease and any property management fees or lease administration fees approved by the Trustees shall be due and payable upon termination of this Assignment.

  • The Sponsor shall, in addition to collecting the Assigned Rents, apply that portion of the collected amount to the timely payment of the landlord's obligations under the Lease, to the timely payment of any mortgages or deeds of trust to which the Leased property is subject, and to the enforcement of the Lease terms, if deemed by the Sponsor to be necessary and appropriate, and to provide a monthly accounting to the Trustee of the funds so collected, applied and remitted (the "Net Amount").

  • The Fund shall acquire its rights to the Assigned Rents and the Final Payment (defined below) by paying to the Sponsor the sum of _________________ Dollars ($___________), (hereinafter the "Purchase Amount").