Assignment of Leases and Rents definition

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.
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 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.

Examples of Assignment of Leases and Rents in a sentence

  • By no later than the date that is forty-five (45) days after the Effective Date (or such later date as the Lender shall agree in its sole discretion), the Lender shall have received a properly executed and notarized Third Amendment to Open-End Mortgage Deed to Secure Present and Future Loans under Chapter 25 of Title 34 of the Rhode Island General Laws, Assignment of Leases and Rents, Security Agreement and Fixture Filing, in form and substance reasonably satisfactory to the Lender.


More Definitions of Assignment of Leases and Rents

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 that certain Assignment of Leases and Rents of even date herewith by and between Borrower and Lender.
Assignment of Leases and Rents means an Assignment of Leases and Rents, required by Lender and satisfying Lender’s requirements, as the same may be amended, restated, modified or supplemented from time to time.
Assignment of Leases and Rents means that certain Assignment of Leases and Rents of even date herewith executed by Borrower for the benefit of Lender, together with all amendments and supplements thereto.
Assignment of Leases and Rents means that certain Assignment of Leases and Rents by each Borrower in favor of Lender.
Assignment of Leases and Rents means that certain Amended and Restated Assignment of Leases and Rents, dated as of the date hereof, as the same may be amended, restated, supplemented or 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 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.