Collateral Assignment of Lease Sample Clauses

Collateral Assignment of Lease. 33 ARTICLE X - MISCELLANEOUS PROVISIONS ------------------------------------ 10.1 Notices from One Party to the Other ........................... 33 10.2

Collateral Assignment of Lease. (a) Tenant, in consideration of the Notes and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, does (without the necessity of further action of any party hereto or consent of Landlord) hereby irrevocably, absolutely and unconditionally grant, convey, assign, transfer, and set over unto Collateral Agent all rights, interests, deposits (including but not limited to all security deposits and prepaids under the Lease) and estates of Tenant in, to and under the Lease together with all renewals and extensions of the Lease and other agreements and all other leases or agreements that may hereafter be entered into which cover all or any portion of the Premises), effective upon the occurrence of an Event of Default. (b) Tenant hereby represents and warrants to Collateral Agent that: (i) Tenant has the right to assign the Lease as set forth in this Agreement; (ii) Tenant has performed and will duly and punctually perform all of the terms, covenants, conditions and warranties of the Lease; and (iii) Tenant has performed no act or executed any other instrument which might prevent Collateral Agent from enjoying and exercising any of its rights and privileges upon an Event of Default, as evidenced hereby. Tenant covenants with Collateral Agent that Tenant shall not take any of the following actions without Collateral Agent’s prior written consent (w) do or permit to be done anything to impair the existence and validity of the Lease or the security of Collateral Agent hereunder (which consent may be withheld for any reason, as determined by Collateral Agent’s sole discretion); (x) execute or permit any other sublease or assignment of Tenant’s interest under the Lease except to any Affiliate of Tenant that is a Guarantor, provided that such assignee of the Lease takes such assignment of the Lease subject to this Agreement and assumes all obligations of Tenant under this Agreement (which consent will not be unreasonably withheld, conditioned or delayed); or (y) modify or amend the Lease in a manner which is adverse to or impairs the interests of the Collateral Agent (which consent may be withheld for any reason, as determined by Collateral Agent’s sole discretion), in each case except as otherwise provided in and subject to the terms and limitations included the Note Documents. Landlord acknowledges that any security interest or lien that it holds in property maintained at the premises shall be subordinated in all respects...

Collateral Assignment of Lease. FOR VALUE RECEIVED, the undersigned, DC Westfield Cinema, LLC, a Delaware limited liability company, as Borrower, does hereby transfer, sell, assign, set over and convey unto Northlight Trust I, a Delaware statutory trust, as Lender, all of its right, title and interest in and to that certain Lease Agreement more particularly described on the attached Exhibit A, as collateral security for Borrower’s obligations to Lender under that certain Loan Agreement between Borrower and certain of its affiliates, and Borrower’s parent, Digital Cinema Destinations Corp., a Delaware corporation, of even date herewith (the “Loan”).

Collateral Assignment of Lease. With respect to any assignment by Landlord of either (i) the Landlord's interest in this Lease, or (ii) the Annual Fixed Rent, Additional Rent and other payments payable to Landlord hereunder, whether conditional in nature or otherwise, ▇▇▇▇▇▇ agrees: (a) that the execution thereof by ▇▇▇▇▇▇▇▇ and the acceptance thereof by the assignee shall not be deemed an assumption by such assignee of any of the obligations of Landlord hereunder, unless such assignee shall, by notice sent to Tenant, expressly otherwise elect; and (b) that, except as aforesaid, such assignee shall be treated as having assumed Landlord's obligations hereunder only upon foreclosure of such assignee's mortgage or the taking of possession of the Building.

Collateral Assignment of Lease. Tenant acknowledges that Landlord may assign this Lease and the Rent hereunder to Mortgagee as additional collateral for the loan EAST\174041517.9 secured by the Superior Mortgage. Tenant agrees that if Mortgagee, pursuant to the assignment, and whether or not it becomes a mortgagee in possession, shall give written notice to Tenant that Mortgagee has elected to require Tenant to pay to Mortgagee the Rent and other charges payable by Tenant under this Lease, Tenant shall, until Mortgagee shall have canceled such election, thereafter pay to Mortgagee all Rent and other sums payable under this Lease and such payments to Mortgagee shall be treated as payments made under this Lease. Tenant hereby covenants and agrees that Tenant shall not subordinate this Lease to any lien or encumbrance (other than the Superior Mortgage) without Mortgagee’s prior written consent.

Collateral Assignment of Lease. N PRETZEL TIME, INC. FRANCHISE AGREEMENT This agreement is made and entered into this day of , 19 (hereinafter referred to as "Effective Date") by and between Pretzel Time, Inc., a Pennsylvania corporation with its principal place of business at 4800 Linglestown Road, Suite 202, Harrisburg, Pe▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ (▇ereinafter referred to as Pretzel Time) and Franchisee (as defined below) who hereby agrees to the following: Franchisee: , , with its principal address at:

Collateral Assignment of Lease. A Collateral Assignment of Lease executed by each Borrower for each leased Facility of each Borrower together with an acknowledgment of each landlord of such leased Facility.

Collateral Assignment of Lease. Tenant and Franchisor have executed and delivered or will execute and deliver an assignment (the "Collateral Assignment of Lease") which grants Franchisor the right to become the tenant under the Lease in the event of any default by Tenant under the Lease which remains uncured after expiration of any applicable cure period or in the event the Franchise Agreement should for any reason be terminated orexpire.

Collateral Assignment of Lease. In connection with the Restructuring, Landlord intends to grant to the Bank a collateral assignment and security interest in this Lease to secure Landlord's obligations under the Borrower Documents and the Related Documents. Landlord hereby acknowledges and recognizes the Bank's interests in this Lease under the terms of the Restructuring and agrees not to interfere with such interests.