Assignment of Leases and Rents definition
Assignment of Leases and Rents means that certain Assignment of Leases and Rents of even date herewith by and between Borrower and Lender.
Assignment of Leases and Rents means each certain Assignment of Leases and Rents dated of even date herewith, by the Borrower in favor of the Agent on behalf of Lenders, as the same may be amended, restated, supplemented or otherwise modified from time to time.
Assignment of Leases and Rents. With respect to any Mortgaged Property, any assignment of leases, rents and profits or similar instrument executed by the Obligor, assigning to the mortgagee all of the income, rents and profits derived from the ownership, operation, leasing or disposition of all or a portion of such Mortgaged Property, whether contained in the Mortgage or in a document separate from the Mortgage, in the form that was duly executed, acknowledged and delivered, as amended, modified, renewed or extended through the date hereof and from time to time hereafter in accordance with the Credit and Collection Policy.
Examples of Assignment of Leases and Rents in a sentence
In the event that the Indebtedness is repaid in full other than through a sale of the Suites on Paseo Property, Borrower shall, or shall cause Mortgagor to (as applicable), execute and/or deliver to Administrative Agent a Pledge Agreement, Mortgage, Assignment of Leases and Rents, Title Policy, opinion of counsel, and legal diligence and search reports, all in form and substance satisfactory to Administrative Agent, no later than thirty (30) days after repayment of the Indebtedness.
More Definitions of Assignment of Leases and Rents
Assignment of Leases and Rents means an Assignment of Leases and Rents for each Property or for multiple Properties located within the same county or parish, dated as of the Closing Date (or, in connection with a Property which is a Substitute Property, dated as of the date of the substitution), executed and delivered by Borrower, constituting an assignment of the Lease or the Leases, as applicable, and the proceeds thereof as Collateral for the Loan, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time. The Assignment of Leases and Rents may be included as part of the Mortgage for such Property or Properties.
Assignment of Leases and Rents means the Assignment of Leases and Rents dated as of the Closing Date from Borrower, as assignor, to Lender, as assignee, assigning to Lender all of Borrower's right, title and interest in and to the Leases and the Rents with respect to the Property.
Assignment of Leases and Rents means an Assignment of Leases and Rents executed by a Loan Party in favor of the Agent for the benefit of the Lenders, substantially in the form of Exhibit L or otherwise in form and substance satisfactory to the Agent.
Assignment of Leases and Rents means each Assignment of Leases and Rents, executed by Borrower for the benefit of Lender, and pertaining to leases of space in a Project.
Assignment of Leases and Rents. With respect to any Mortgaged Property, any assignment of leases, rents and profits or similar agreement executed by the Mortgagor, assigning to the mortgagee all of the income, rents and profits derived from the ownership, operation, leasing or disposition of all or a portion of such Mortgaged Property, in the form which was duly executed, acknowledged and delivered, as amended, modified, renewed or extended through the date hereof and from time to time hereafter.
Assignment of Leases and Rents means an assignment of leases and rents or similar instrument for an applicable Property or Properties constituting an assignment of any Leases encumbering such Property or Properties, in form reasonably acceptable to Administrative Agent, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time. The Assignment of Leases and Rents may be included as part of the Mortgage for any Property or Properties, in Administrative Agent’s sole discretion.
Assignment of Leases and Rents means the Assignment of Leases and Rents, executed by Borrower for the benefit of Lender, and pertaining to leases of space in the Project.