Common use of Administration of Tenant Leases Clause in Contracts

Administration of Tenant Leases. The Manager shall, on behalf of the Asset Entities, (i) maintain a database of the Tenant Leases indicating, for each Tenant Lease, the amount of all payments due from the Tenant thereunder and the dates on which such payments are due, (ii) invoice all Rents and Receipts due under the Tenant Leases and otherwise with respect to the Tenant Site Assets, in each case to the extent required by such agreements and licenses, and use commercially reasonable efforts to collect all such Receipts and Rents and other amounts due under the Tenant Leases and otherwise, (iii) managing delinquencies and defaults under the Tenant Leases, (iv) perform all services required to be performed by the Asset Entities under the terms of the Tenant Leases and (v) otherwise use commercially reasonable efforts to ensure compliance on the part of the Asset Entities with the terms of the Transaction Documents and each Asset Agreement and Tenant Lease, all in accordance with the Operation Standards. Each Asset Entity hereby authorizes the Manager to take any action the Manager deems to be necessary or appropriate to enforce the terms of the Transaction Documents and each Asset Agreement and Tenant Lease in accordance with the Operation Standards, including the right to exercise (or not to exercise) any right such Asset Entity may have to collect Rent and other amounts due under the Asset Agreements or Tenant Leases (whether through judicial proceedings or otherwise), to terminate any Tenant Lease, Asset Agreement or to evict any Tenant. The Manager shall also have the right, in accordance with the Operation Standards, to compromise, settle and otherwise resolve claims and disputes with regard to the Asset Agreements and Tenant Leases. The Manager may agree to any modification, waiver or amendment of any term of, forgive any payment on, and permit the release of any Tenant on, any Asset Agreement or Tenant Lease pertaining to the Tenant Site Assets as it may determine to be necessary or appropriate in accordance with the Operation Standards.

Administration of Tenant Leases. The Manager shall, on behalf of the Asset Entities, Owners (i) maintain a database of the Tenant Leases indicating, for each Tenant Lease, the contractual amount of power, or square footage, as the case may be, to be supplied to the relevant Tenant, the amount of all payments due to the Owners from the Tenant thereunder and thereunder, the dates on which such payments are due, (ii) invoice all Rents and other Receipts due to the Owners under the Tenant Leases and all amounts otherwise payable to the Owners with respect to the Tenant Site AssetsData Centers, in each case to the extent required by such agreements and licenses, and use commercially reasonable efforts to collect all such Receipts and Rents and other amounts Receipts due to the Owners under the Tenant Leases and otherwise, (iii) managing all amounts otherwise payable to the Owners with respect to the Data Centers and manage delinquencies and defaults under the Tenant Leases, Leases and (iviii) perform all services required to be performed by the Asset Entities Owners under the terms of the Tenant Leases, Site Leases and (v) otherwise use commercially reasonable efforts to ensure compliance on the part of the Asset Entities with the terms of the Transaction Documents and other Data Center agreements, in each Asset Agreement and Tenant Lease, all case in accordance with the Operation Standards. Each Asset Entity Owner hereby authorizes the Manager to take any action the Manager deems to be necessary or appropriate to enforce the terms of the Transaction Documents each Tenant Lease, each Site Lease and each Asset Agreement and Tenant Lease other Data Center agreement in accordance with the Operation Standards, including including, but not limited to, the right to exercise (or not to exercise) any right such Asset Entity Owner may have to collect Rent and other amounts Receipts due under the Asset Agreements or Tenant Leases (whether through judicial proceedings or otherwise), to terminate any Tenant Lease, Asset Agreement or Lease and/or to evict any Tenant. The Manager shall also have the right, in accordance with the Operation Standards, to compromise, settle settle, and otherwise resolve claims and disputes with regard to the Asset Agreements and Tenant Leases, Site Leases and other Data Center agreements. The Manager may agree to any modification, modification or waiver or amendment of any term of, forgive any payment on, and permit the release of any Tenant on, any Asset Agreement or Tenant Lease pertaining to the Tenant Site Assets Data Centers as it may determine to be necessary or appropriate in accordance with the Operation Standards.