Common use of Assignment of Rents Clause in Contracts

Assignment of Rents. Borrower hereby absolutely and unconditionally assigns to Lender all of Borrower's right, title and interest in and to all current and future Leases and Rents; it being intended by Borrower that this assignment constitutes a present, absolute assignment and not an assignment for additional security only. Nevertheless, subject to the terms of the Assignment of Leases and Section 7.1(h) of this Security Instrument, Lender grants to Borrower a revocable license to collect, receive, use and enjoy the Rents. Borrower shall hold the Rents, or a portion thereof sufficient to discharge all current sums due on the Debt, for use in the payment of such sums.

Appears in 13 contracts

Samples: Mortgage and Security Agreement (Glimcher Realty Trust), Mortgage and Security Agreement (Cedar Shopping Centers Inc), Mortgage and Security Agreement (Glimcher Realty Trust)

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Assignment of Rents. Borrower hereby absolutely and unconditionally assigns to Lender all of Borrower's ’s right, title and interest in and to all current and future Leases and Rents; it being intended by Borrower that this assignment constitutes a present, absolute assignment and not an assignment for additional security only. Nevertheless, subject to the terms of the Assignment of Leases Cash Management Agreement and Section 7.1(h) of this Security Instrument, Lender grants to Borrower a license revocable license upon the occurrence of an Event of Default to collect, receive, use and enjoy the Rents. Rents and Borrower shall hold the Rents, or a portion thereof sufficient to discharge all current sums due on the Debt, for use in the payment of such sums.

Appears in 8 contracts

Samples: Security Agreement and Fixture Filing, Security Agreement and Fixture Filing (TNP Strategic Retail Trust, Inc.), Security Agreement and Fixture Filing (TNP Strategic Retail Trust, Inc.)

Assignment of Rents. Borrower hereby absolutely and unconditionally assigns to Lender all of Borrower's ’s right, title and interest in and to all current and future Leases and Rents; it being intended by Borrower that this assignment constitutes a present, absolute assignment and not an assignment for additional security only. Nevertheless, subject to the terms of the Assignment of Leases and Section 7.1(h) of this Security InstrumentMortgage, Lender grants to Borrower a revocable license to collect, receive, use and enjoy the Rents. Borrower shall hold the Rents, or a portion thereof sufficient to discharge all current sums due on the Debt, for use in the payment of such sums.

Appears in 7 contracts

Samples: Security Agreement and Fixture Filing (Inland American Real Estate Trust, Inc.), Mortgage, Security Agreement (Inland American Real Estate Trust, Inc.), Security Agreement and Fixture Filing (Inland American Real Estate Trust, Inc.)

Assignment of Rents. Borrower hereby absolutely and unconditionally assigns to Lender all of Borrower's ’s right, title and interest in and to all current and future Leases and Rents; it being intended by Borrower that this assignment constitutes a present, absolute assignment and not an assignment for additional security only. Nevertheless, subject to the terms of the Assignment of Leases Leases, the Cash Management Agreement and Section 7.1(h) of this Security Instrument, Lender grants to Borrower a revocable license to collect, receive, use and enjoy the Rents. Rents and Borrower shall hold the Rents, or a portion thereof sufficient to discharge all current sums due on the Debt, for use in the payment of such sums.

Appears in 7 contracts

Samples: Security Agreement (Behringer Harvard Reit I Inc), Security Agreement and Fixture Filing (Behringer Harvard Reit I Inc), Security Agreement and Fixture Filing (Behringer Harvard Reit I Inc)

Assignment of Rents. Borrower hereby absolutely and unconditionally assigns to Lender all of Borrower's right, title and interest in and to all current and future Leases and Rents; it being intended by Borrower that this assignment constitutes a present, absolute assignment and not an assignment for additional security only. Nevertheless, subject to the terms of the Assignment of Leases and Section 7.1(h) of this Security InstrumentMortgage, Lender grants to Borrower a revocable license to collect, receive, use and enjoy the Rents. Borrower shall hold the Rents, or a portion thereof sufficient to discharge all current sums due on the Debt, for use in the payment of such sums.

Appears in 4 contracts

Samples: Trust, Security Agreement and Fixture Filing (Inland Western Retail Real Estate Trust Inc), Mortgage and Security Agreement (Inland Western Retail Real Estate Trust Inc), Mortgage and Security Agreement (Inland Western Retail Real Estate Trust Inc)

Assignment of Rents. Borrower hereby absolutely and unconditionally assigns to Lender and Trustee all of Borrower's ’s right, title and interest in and to all current and future Leases and Rents; it being intended by Borrower that this assignment constitutes a present, absolute assignment and not an assignment for additional security only. Nevertheless, subject to the terms of the Assignment of Leases Loan Agreement and Section 7.1(h8.1(h) of this Security Instrument, Lender grants to Borrower a revocable license to (i) collect, receive, use and enjoy the Rents. Rents and Borrower shall hold the Rents, or a portion thereof sufficient to discharge all current sums due on the Debt, for use in the payment of such sums, and (ii) enforce the terms of the Leases.

Appears in 3 contracts

Samples: Security Agreement and Fixture Filing (Moody National REIT I, Inc.), Medalist Diversified REIT, Inc., Medalist Diversified REIT, Inc.

Assignment of Rents. Borrower hereby absolutely and unconditionally assigns to Lender all of Borrower's right, title and interest in and to all current and future Leases and Rents; it being intended by Borrower that this assignment constitutes a present, absolute assignment and not an assignment for additional security only. Nevertheless, subject to the terms of the Assignment of Leases Leases, the Cash Management Agreement and Section 7.1(hSECTION 7.1(H) of this Security InstrumentDeed of Trust, Lender grants to Borrower a revocable license to collect, receive, use and enjoy the Rents. Rents and Borrower shall hold the Rents, or a portion thereof sufficient to discharge all current sums due on the Debt, for use in the payment of such sums.

Appears in 3 contracts

Samples: Trust and Security Agreement (Behringer Harvard Reit I Inc), Trust and Security Agreement (Behringer Harvard Reit I Inc), Trust and Security Agreement (Behringer Harvard Reit I Inc)

Assignment of Rents. Borrower hereby absolutely and unconditionally assigns to Lender and Trustee all of Borrower's right, title and interest in and to all current and future Leases and Rents; it being intended by Borrower that this assignment constitutes a present, absolute assignment and not an assignment for additional security only. Nevertheless, subject to the terms of the Assignment of Leases and Section 7.1(h) of this Security Instrument, Lender grants to Borrower a revocable license to collect, receive, use and enjoy the Rents. Borrower shall hold the Rents, or a portion thereof sufficient to discharge all current sums due on the Debt, for use in the payment of such sums.

Appears in 2 contracts

Samples: Trust and Security Agreement (Glimcher Realty Trust), Trust and Security Agreement (Glimcher Realty Trust)

Assignment of Rents. Borrower hereby absolutely and unconditionally assigns to Lender all of Borrower's Xxxxxxxx’s right, title and interest in and to all current and future Leases and Rents; it being intended by Borrower that this assignment constitutes a present, absolute assignment and not an assignment for additional security only. Nevertheless, subject to the terms of the Assignment of Leases Cash Management Agreement and Section 7.1(h) of this Security Instrument, Lender grants to Borrower a license revocable license upon the occurrence of an Event of Default to collect, receive, use and enjoy the Rents. Rents and Borrower shall hold the Rents, or a portion thereof sufficient to discharge all current sums due on the Debt, for use in the payment of such sums.

Appears in 2 contracts

Samples: Security Agreement and Fixture Filing (TNP Strategic Retail Trust, Inc.), Fidelity National Title Agency (TNP Strategic Retail Trust, Inc.)

Assignment of Rents. Borrower hereby absolutely and unconditionally assigns to Lender all of Borrower's ’s right, title and interest in and to all current and future Leases and Rents; it being intended by Borrower that this assignment constitutes a present, absolute assignment and not an assignment for additional security only. Nevertheless, subject to the terms of the Assignment of Leases and Section 7.1(h) of this Security Instrument, Lender grants to Borrower a revocable license to collect, receive, use and enjoy the Rents. Borrower shall hold the Rents, or a portion thereof sufficient to discharge all current sums due on the Debt, for use in the payment of such sums.

Appears in 2 contracts

Samples: Fee and Leasehold Mortgage, Security Agreement and Fixture Filing (Maui Land & Pineapple Co Inc), Mortgage and Security Agreement (Cedar Shopping Centers Inc)

Assignment of Rents. Borrower hereby absolutely and unconditionally assigns to Lender all of Borrower's Xxxxxxxx’s right, title and interest in and to all current and future Leases and Rents; it being intended by Borrower that this assignment constitutes a present, absolute assignment and not an assignment for additional security only. Nevertheless, subject to the terms of the Assignment of Leases Leases, the Cash Management Agreement and Section 7.1(h) of this Security Instrument, Lender grants to Borrower a revocable license to collect, receive, use and enjoy the Rents. Rents and Borrower shall hold the Rents, or a portion thereof sufficient to discharge all current sums due on the Debt, for use in the payment of such sums.

Appears in 2 contracts

Samples: Deed of Trust and Security Agreement, Deed of Trust and Security Agreement (Maguire Properties Inc)

Assignment of Rents. Individual Borrower hereby absolutely and unconditionally assigns to Lender all of Individual Borrower's ’s right, title and interest in and to all current and future Leases and Rents; it being intended by Individual Borrower that this assignment constitutes a present, absolute assignment and not an assignment for additional security only. Nevertheless, subject to the terms of the Assignment of Leases Loan Agreement and Section 7.1(h8.1(h) of this Security Instrument, Lender grants to Individual Borrower a revocable license to collect, receive, use and enjoy the Rents. Rents and Individual Borrower shall hold the Rents, or a portion thereof sufficient to discharge all current sums due on the Debt, for use in the payment of such sums.

Appears in 2 contracts

Samples: Security Agreement and Fixture Filing (Griffin Capital Essential Asset REIT II, Inc.), Security Agreement (Griffin Capital Essential Asset REIT, Inc.)

Assignment of Rents. Borrower Borrowers hereby absolutely and unconditionally assigns assign to Lender all of Borrower's Borrowers’ right, title and interest in and to all current and future Leases and Rents; it being intended by Borrower Borrowers that this assignment constitutes a present, absolute assignment and not an assignment for additional security only. Nevertheless, subject to the terms of the Assignment of Leases Loan Agreement and Section 7.1(h8.1(h) of this Security Instrument, Lender grants to Borrower Borrowers a revocable license to (i) collect, receive, use and enjoy the Rents. Borrower Rents and Borrowers shall hold the Rents, or a portion thereof sufficient to discharge all current sums due on the Debt, for use in the payment of such sums, and (ii) enforce the terms of the Leases.

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (Glimcher Realty Trust)

Assignment of Rents. Borrower hereby absolutely and unconditionally assigns to Lender all of Borrower's ’s right, title and interest in and to all current and future Leases and Rents; it being intended by Borrower that this assignment constitutes a present, absolute assignment and not an assignment for additional security only. Nevertheless, subject to the terms of the Assignment of Leases Loan Agreement and Section 7.1(h8.1(h) of this Security Instrument, Lender grants to Borrower a revocable license to (i) collect, receive, use and enjoy the Rents. Rents and Borrower shall hold the Rents, or a portion thereof sufficient to discharge all current sums due on the Debt, for use in the payment of such sums, and (ii) enforce the terms of the Leases.

Appears in 1 contract

Samples: Debt and Security Agreement (Moody National REIT I, Inc.)

Assignment of Rents. Borrower hereby absolutely and unconditionally assigns to Lender all of Borrower's right, title and interest in and to all current and future Leases and Rents; it being intended by Borrower that this assignment constitutes a present, absolute assignment and not an assignment for additional security only. Nevertheless, subject to the terms of the Assignment of Leases Loan Agreement and Section 7.1(h8.1(h) of this Security Instrument, Lender grants to Borrower a revocable license to (i) collect, receive, use and enjoy the Rents. Rents and Borrower shall hold the Rents, or a portion thereof sufficient to discharge all current sums due on the Debt, for use in the payment of such sums, and (ii) enforce the terms of the Leases.

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (Glimcher Realty Trust)

Assignment of Rents. Borrower hereby absolutely and unconditionally assigns to Lender and Trustee all of Borrower's rightBorrxxxx'x xight, title and interest in and to all current and future Leases and Rents; it being intended by Borrower that this assignment constitutes a present, absolute assignment and not an assignment for additional security only. Nevertheless, subject to the terms of the Assignment of Leases and Section 7.1(h) of this Security Instrument, Lender grants to Borrower a revocable license to collect, receive, use and enjoy the Rents. Borrower shall hold the Rents, or a portion thereof sufficient to discharge all current sums due on the Debt, for use in the payment of such sums.

Appears in 1 contract

Samples: Trust and Security Agreement (Glimcher Realty Trust)

Assignment of Rents. Borrower hereby absolutely and unconditionally assigns to Lender all of Borrower's right, title and interest in and to all current and future Leases and Rents; it being intended by Borrower that this assignment constitutes a present, absolute assignment and not an assignment for additional security only. Nevertheless, subject to the terms of the Assignment of Leases this Section 1.2 and Section 7.1(h) of this Security Instrument3.7, Lender grants to Borrower a revocable license to collect, receive, use collect and enjoy receive the RentsRents which is revocable upon an Event of Default. Borrower shall hold the Rents, or a portion thereof sufficient to discharge all current sums due on the Debt, for use in the payment of such sums.

Appears in 1 contract

Samples: Loan Agreement (Entertainment Properties Trust)

Assignment of Rents. Borrower hereby absolutely and unconditionally assigns to Lender Mortgagee all of Borrower's ’s right, title and interest in and to all current and future Leases and Rents; it being intended by Borrower that this assignment constitutes a present, absolute assignment and not an assignment for additional security only. Nevertheless, subject to the terms of the Assignment of Leases Loan Agreement and Section 7.1(h8.1(h) of this Security Instrument, Lender Mortgagee grants to Borrower a revocable license to collect, receive, use and enjoy the Rents. Rents and Borrower shall hold the Rents, or a portion thereof sufficient to discharge all current sums due on the Debt, for use in the payment of such sums.

Appears in 1 contract

Samples: And Security Agreement (Glimcher Realty Trust)

Assignment of Rents. Borrower hereby absolutely and unconditionally assigns to Lender all of Borrower's right, title and interest in and to all current and future Leases and Rents; it being intended by Borrower that this assignment constitutes a present, absolute assignment and not an assignment for additional security only. Nevertheless, subject to the terms of the Assignment of Leases this Section 1.2 and Section 7.1(h) of this Security Instrument3.7, Lender grants to Borrower a revocable license to collect, receive, use collect and enjoy receive the RentsRents which is revocable upon an Event of Default. Borrower shall hold the Rents, or a portion thereof sufficient to discharge all current sums due on the Debt, for use in the payment of such sums.

Appears in 1 contract

Samples: Loan Agreement (Entertainment Properties Trust)

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Assignment of Rents. Borrower hereby absolutely and unconditionally assigns to Lender and Trustee all of BorrowerXxxxxxxx's right, title and interest in and to all current and future Leases and Rents; it being intended by Borrower that this assignment constitutes a present, absolute assignment and not an assignment for additional security only. Nevertheless, subject to the terms of the Assignment of Leases Loan Agreement and Section 7.1(h8.1(h) of this Security Instrument, Lender grants to Borrower a revocable license to collect, receive, use and enjoy the Rents. Rents and Borrower shall hold the Rents, or a portion thereof sufficient to discharge all current sums due on the Debt, for use in the payment of such sums.

Appears in 1 contract

Samples: And Security Agreement (Inland Western Retail Real Estate Trust Inc)

Assignment of Rents. Borrower hereby absolutely and unconditionally assigns to Lender and Trustee all of Borrower's right, title and interest in and to all current and future Leases and Rents; it being intended by Borrower that this assignment constitutes a present, absolute assignment and not an assignment for additional security only. Nevertheless, subject to the terms of the Assignment of Leases and Section 7.1(h) of this Security Instrument, Lender grants to Borrower a revocable license to collect, receive, use and enjoy the Rents. Borrower shall hold the Rents, or a portion thereof sufficient to discharge all current sums due on the Debt, for use in the payment of such sums.

Appears in 1 contract

Samples: Electro Scientific Industries Inc

Assignment of Rents. Borrower hereby absolutely and unconditionally assigns to Lender all of Borrower's right, title and interest in and to all current and future Leases and Rents; it being intended by Borrower that this assignment constitutes a present, absolute assignment and not an assignment for additional security only. Nevertheless, subject to the terms of the Assignment of Leases Leases, the Cash Management Agreement and Section 7.1(hSECTION 7.1(H) of this Security Instrument, Lender grants to Borrower a revocable license to collect, receive, use and enjoy the Rents. Rents and Borrower shall hold the Rents, or a portion thereof sufficient to discharge all current sums due on the Debt, for use in the payment of such sums.

Appears in 1 contract

Samples: Security Agreement (Behringer Harvard Reit I Inc)

Assignment of Rents. Borrower hereby absolutely and unconditionally assigns to Lender all of Borrower's ’s right, title and interest in and to all current and future Leases and Rents; it being intended by Borrower that this assignment constitutes a present, absolute assignment and not an assignment for additional security only. Nevertheless, subject to the terms of the Assignment of Leases Cash Management Agreement (if any) and Section 7.1(h) of this Security InstrumentMortgage, Lender grants to Borrower a revocable license to collect, receive, use and enjoy the Rents. Borrower shall hold the Rents, or a portion thereof sufficient to discharge all current sums due on the Debt, for use in the payment of such sums.

Appears in 1 contract

Samples: Security Agreement (Inland Diversified Real Estate Trust, Inc.)

Assignment of Rents. Borrower hereby absolutely and unconditionally assigns to Lender all of Borrower's ’s right, title and interest in and to all current and future Leases and Rents; it being intended by Borrower that this assignment constitutes a present, absolute assignment and not an assignment for additional security only. Nevertheless, subject to the terms of the Assignment of Leases Cash Management Agreement and Section 7.1(h) of this Security InstrumentDeed of Trust, Lender grants to Borrower a revocable license to collect, receive, use and enjoy the Rents. Rents and Borrower shall hold the Rents, or a portion thereof sufficient to discharge all current sums due on the Debt, for use in the payment of such sums.

Appears in 1 contract

Samples: And Security Agreement (TNP Strategic Retail Trust, Inc.)

Assignment of Rents. Borrower hereby absolutely and unconditionally assigns to Lender and Trustee all of Borrower's ’s right, title and interest in and to all current and future Leases and Rents; it being intended by Borrower that this assignment constitutes a present, absolute assignment and not an assignment for additional security only. Nevertheless, subject to the terms of the Assignment of Leases Loan Agreement and Section 7.1(h8.1(h) of this Security Instrument, Lender grants to Borrower a revocable license to (i) collect, receive, use and enjoy the Rents. Rents and Borrower shall hold the Rents, or a portion thereof sufficient to discharge all current sums due on the Debt, for use in the payment of such sums, and (ii) enforce the terms of, and perform the obligations of the landlord under, the Leases.

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (Brookfield DTLA Fund Office Trust Investor Inc.)

Assignment of Rents. Borrower hereby absolutely and unconditionally assigns to Governmental Lender all of Borrower's ’s right, title and interest in and to all current and future Leases and Rents; it being intended by Borrower that this assignment constitutes a present, absolute assignment and not an assignment for additional security only. Nevertheless, subject to the terms of the Assignment of Leases and Section 7.1(h) of this Security Instrument, Governmental Lender grants to Borrower a revocable license to collect, receive, use and enjoy the Rents. Borrower shall will hold the Rents, or a portion thereof sufficient to discharge all current sums due on the DebtObligations (as hereinafter defined), for use in the payment of such sums.

Appears in 1 contract

Samples: www.minnetonkamn.gov

Assignment of Rents. Borrower hereby absolutely and unconditionally assigns to Lender Mortgagee all of Borrower's right, title and interest in and to all current and future Leases and Rents; it being intended by Borrower that this assignment constitutes a present, absolute assignment and not an assignment for additional security only. Nevertheless, subject to the terms of the Assignment of Leases Loan Agreement and Section 7.1(h8.1(h) of this Security Instrument, Lender Mortgagee grants to Borrower a revocable license to collect, receive, use and enjoy the Rents. Rents and Borrower shall hold the Rents, or a portion thereof sufficient to discharge all current sums due on the Debt, for use in the payment of such sums.

Appears in 1 contract

Samples: FSP 50 South Tenth Street Corp

Assignment of Rents. Borrower hereby absolutely and unconditionally assigns to Lender Beneficiary and Trustee all of Borrower's right, title and interest in and to all current and future Leases and Rents; it being intended by Borrower that this assignment constitutes a present, absolute assignment and not an assignment for additional security only. Nevertheless, subject to the terms of the Assignment of Leases Loan Agreement and Section 7.1(h8.1(h) of this Security Instrument, Lender Beneficiary grants to Borrower a revocable license to collect, receive, use and enjoy the Rents. Rents and Borrower shall hold the Rents, or a portion thereof sufficient to discharge all current sums due on the Debt, for use in the payment of such sums.

Appears in 1 contract

Samples: Rents and Security Agreement (Behringer Harvard Reit I Inc)

Assignment of Rents. Borrower hereby absolutely and unconditionally assigns to Lender all of Borrower's ’s right, title and interest in and to all current and future Leases and Rents; it being intended by Borrower that this assignment constitutes a present, absolute assignment and not an assignment for additional security only. Nevertheless, subject to the terms of the Assignment of Leases Cash Management Agreement and Section 7.1(h) of this Security InstrumentMortgage, Lender grants to Borrower a revocable license to collect, receive, use and enjoy the Rents. Rents and Borrower shall hold the Rents, or a portion thereof sufficient to discharge all current sums due on the Debt, for use in the payment of such sums.

Appears in 1 contract

Samples: Security Agreement and Fixture (Moody National REIT I, Inc.)

Assignment of Rents. Borrower hereby absolutely and unconditionally assigns to Lender Agent (for the benefit of Lender) all of Borrower's ’s right, title and interest in and to all current and future Leases and Rents; it being intended by Borrower that this assignment constitutes a present, absolute assignment and not an assignment for additional security only. Nevertheless, subject to the terms of the Assignment of Leases Loan Documents and Section 7.1(h) of this Security Instrument, Lender Agent grants to Borrower a revocable license to collect, receive, use and enjoy the Rents. Borrower shall hold the Rents, or a portion thereof sufficient to discharge all current sums due on the Debt, for use in the payment of such sums.

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (Allegiant Travel CO)

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