Lease Assignment definition

Lease Assignment has the meaning set forth in Section 3.5(d).

Lease Assignment or “Assignment” means the assignment of leases and rents included in the Mortgage.

Lease Assignment shall have the meaning set forth in Section 9.4(d)(iii).

Examples of Lease Assignment in a sentence

• At any time and from time-to-time, and without any further consent from or approval by Lessor, Lessee may cause or permit to occur a Permitted Lease Assignment.

• Within a Lease Assignment Agreement, there is not that much information included, except the basics: names and identifying information of the parties, assignment start date, name of landlord, etc.

• What this means is that all of the terms in the original lease are deemed to be included in the Lease Assignment Agreement.

• Any Lease Assignment shall be on MANAGEMENT’S form (Lease Assignment Addendum and Deposit Brief) and it shall be signed by ALL persons therein designated.

• A Lease Assignment Agreement is different than a Sublease Agreement because the entirety of the lease interest is being transferred in an assignment.

More Definitions of Lease Assignment

Lease Assignment. That certain Assignment of Rents and Leases dated on or about the Commencement Date executed by Lessee to Lessor, pursuant to the terms of which Lessee has assigned to Lessor each of the Tenant Leases and Credit Enhancements, if any, as security for the obligations of Lessee under this Lease, the obligations of Guarantors under the Guaranty, and any other obligations of Lessee to Lessor, any Guarantor or any Affiliate of Lessee or any Guarantor to Lessor.

Lease Assignment means each assignment agreement with respect to a Lease in substantially the form set forth as Exhibit C.

Lease Assignment as such term is defined in Section 8(b) hereof.

Lease Assignment means that certain Assignment of Rents and Leases, substantially in the form attached hereto as Exhibit D, to be dated on or about the date hereof executed by Lessee to Lessor, pursuant to the terms of which Lessee assigns to Lessor each of the Tenant Leases and Credit Enhancements, if any, as security for the obligations of Lessee under this Lease, and any other obligations of Lessee, or any Affiliate of Lessee to Lessor.

Lease Assignment has the meaning set forth in the Recitals.

Lease Assignment shall have the meaning set forth in Section 2(b) hereof.

Lease Assignment means an assignment by way of security, in the form satisfactory to the Security Trustee, by the Borrower to the Security Trustee with respect to the Borrower’s Intercompany Lease with BHL or such other Permitted Third Party User as applicable that, inter alia, allows the Borrower to be paid rentals and all other sums due and owing under such Intercompany Lease unless the Security Trustee otherwise directs when an Event of Default is continuing. A Lease Assignment shall not include an assignment of any customer contract, including the SAR Contract.