Common use of Assignment of Lease Clause in Contracts

Assignment of Lease. Tenant understands that Landlord’s interest in the Lease has been assigned to Lender in connection with the Loan. Until Lender becomes owner of the Property, however, Lender assumes no duty, liability or obligation to Tenant under the Lease.

Assignment of Lease. Tenant understands that Landlord’s interest in the Lease has been assigned to Lender in connection with the Loan. Until Lender becomes owner Loan and that, during the continuation of the PropertyLoan, no amendment or modification (except such as do not prejudice the interests of Lender in any material respect) of the Lease shall be binding against Lender unless approved in writing by Lender, which approval shall not be unreasonably withheld, conditioned or delayed. Except as provided herein, however, Lender assumes shall assume no duty, liability or obligation to Tenant under the Lease.

Assignment of Lease. Tenant understands that Landlord’s interest in the Lease has been assigned to Lender in connection with the Loan. Until Lender becomes owner Loan and that no amendment modification or termination of the PropertyLease shall be effective unless approved in writing by Lender. Except as provided herein, however, Lender assumes shall assume no duty, liability or obligation to Tenant under the Lease.

Assignment of Lease. Tenant understands that LandlordXxxxxxxx’s interest in the Lease has been assigned to Lender in connection with the Loan. Until Lender becomes owner Loan and that, during the continuation of the PropertyLoan, no amendment or modification (except such as do not prejudice the interests of Lender in any material respect) of the Lease shall be binding against Lender unless approved in writing by Lender, which approval shall not be unreasonably withheld, conditioned or delayed. Except as provided herein, however, Lender assumes Xxxxxx shall assume no duty, liability or obligation to Tenant under the Lease.

Assignment of Lease. Tenant understands that Landlord’s interest in the Lease has been assigned to Lender in connection with the Loan. Until Lender becomes owner of the Property or assumes or takes over the Lease or the operation of the Property, however, Lender assumes no duty, liability or obligation to Tenant under the Lease.