Common use of Anticipation or Hypothecation of the Rents Clause in Contracts

Anticipation or Hypothecation of the Rents. Lessee hereby covenants and agrees (a) upon and after an Event of Default hereunder or under any of the Security Documents and while the same shall continue, to give to Lessor duplicate notice of each default by each Tenant and copies of any and all notices and communications received from any Tenant promptly upon delivery or receipt thereof; (b) to comply with the terms and provisions of each Tenant Lease; (c) not to assign, transfer, pledge, mortgage or otherwise encumber any Tenant Lease; (d) not to assign, transfer, pledge, mortgage or otherwise encumber any Rents; (e) not to collect, accept from any Tenant, or permit any Tenant to pay any Rents for more than one month in advance (whether in cash or by evidence of indebtedness); (f) except in the ordinary course of business and in accordance with past practice and custom, not to waive, excuse, condone, discount, set-off, compromise or in any manner release or discharge any Tenant of and from any obligations, covenants, conditions or agreements to be kept, observed or performed by such Tenant, under and in accordance with the terms of the respective Tenant Lease; and (g) not to enter into any Tenant Lease or amend, modify, extend or renew any Tenant Lease for a time period extending beyond the term of the Lease, without prior written approval of Lessor, which approval shall not be unreasonably withheld.

Appears in 2 contracts

Samples: Lease Agreement (Integrated Living Communities Inc), Lease Agreement (Integrated Living Communities Inc)

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Anticipation or Hypothecation of the Rents. Lessee Assignor hereby ------------------------------------------ covenants and agrees (a) upon and after an Event of Default hereunder or under any of the Security Documents and while the same shall continue, to give to Lessor Assignee duplicate notice of each default by each Tenant and copies of any and all notices and communications received from any Tenant promptly upon delivery or receipt thereof; (b) to comply with the terms and provisions of each Tenant Lease; (c) not to assign, transfer, pledge, mortgage or otherwise encumber any Tenant Lease; (d) not to assign, transfer, pledge, mortgage or otherwise encumber any Rents; (e) not to collect, accept from any Tenant, or permit any Tenant to pay any Rents for more than one month in advance (whether in cash or by evidence of indebtedness)) excepting, however, the collection of security deposits; (f) except in the ordinary course of business and in accordance with past practice and custom, not to waive, excuse, condone, discount, set-off, compromise or in any manner release or discharge any Tenant of and from any obligations, covenants, conditions or agreements to be kept, observed or performed by such Tenant, under and in accordance with the terms of the respective Tenant Lease; and (g) not to enter into any Tenant Lease or amend, modify, extend or renew any Tenant Lease for a time period extending beyond the term of the Lease, without prior written approval of LessorAssignee, which approval shall not be unreasonably withheld.

Appears in 2 contracts

Samples: Lease Agreement (Emeritus Corp\wa\), Lease Agreement (Emeritus Corp\wa\)

Anticipation or Hypothecation of the Rents. Lessee Assignor hereby ----------------------------------------------- covenants and agrees (a) upon and after an Event of Default hereunder or under any of the Security Documents and while the same shall continue, to give to Lessor Assignee duplicate notice of each default by each Tenant and copies of any and all notices and communications received from any Tenant promptly upon delivery or receipt thereof; (b) to comply with the terms and provisions of each Tenant Lease; (c) not to assign, transfer, pledge, mortgage or otherwise encumber any Tenant Lease; (d) not to assign, transfer, pledge, mortgage or otherwise encumber any Rents; (e) not to collect, accept from any Tenant, or permit any Tenant to pay any Rents for more than one month in advance (whether in cash or by evidence of indebtedness)) excepting, however, the collection of security deposits; (f) except in the ordinary course of business and in accordance with past practice and custom, not to waive, excuse, condone, discount, set-off, compromise or in any manner release or discharge any Tenant of and from any obligations, covenants, conditions or agreements to be kept, observed or performed by such Tenant, under and in accordance with the terms of the respective Tenant Lease; and (g) not to enter into any Tenant Lease or amend, modify, extend or renew any Tenant Lease for a time period extending beyond the term of the Lease, without prior written approval of LessorAssignee, which approval shall not be unreasonably withheld.

Appears in 1 contract

Samples: Lease Agreement (Emeritus Corp\wa\)

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Anticipation or Hypothecation of the Rents. Lessee Assignor hereby covenants ------------------------------------------ and agrees agrees (a) upon and after an Event of Default hereunder or under any of the Security Documents and while the same shall continue, to give to Lessor Assignee duplicate notice of each default by each Tenant and copies of any and all notices and communications received from any Tenant promptly upon delivery or receipt thereof; (b) to comply with the terms and provisions of each Tenant Lease; (c) not to assign, transfer, pledge, mortgage or otherwise encumber any Tenant Lease; (d) not to assign, transfer, pledge, mortgage or otherwise encumber any Rents; (e) not to collect, accept from any Tenant, or permit any Tenant to pay any Rents for more than one month in advance (whether in cash or by evidence of indebtedness)) excepting, however, the collection of security deposits; (f) except in the ordinary course of business and in accordance with past practice and custom, not to waive, excuse, condone, discount, set-off, compromise or in any manner release or discharge any Tenant of and from any obligations, covenants, conditions or agreements to be kept, observed or performed by such Tenant, under and in accordance with the terms of the respective Tenant Lease; and (g) not to enter into any Tenant Lease or amend, modify, extend or renew any Tenant Lease for a time period extending beyond the term of the Lease, without prior written approval of LessorAssignee, which approval shall not be unreasonably withheld.

Appears in 1 contract

Samples: Lease Agreement (Emeritus Corp\wa\)

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