Operating Lease Rent definition
Examples of Operating Lease Rent in a sentence
There are no prior collateral assignments or pledges of the Collateral or assignments of the Leases or any portion of the Rents or Operating Lease Rent due and payable or to become due and payable which are presently outstanding.
There are no prior collateral assignments of the Leases or any portion of the Rents or Operating Lease Rent due and payable or to become due and payable which are presently outstanding.
Until deposited into the Lockbox Account, any Rents, Gross Income from Operations from the Property, any Operating Lease Rent received by Borrower, Lease Termination Payments and forfeited security deposits held by Borrower, Operating Lessee or Manager shall be deemed to be Collateral and shall be held in trust by it for the benefit, and as the property, of Lender and shall not be commingled with any other funds or property of Borrower, Operating Lessee or Manager.