Common use of ASSIGNMENT AND MORTGAGE Clause in Contracts

ASSIGNMENT AND MORTGAGE. The demised premises or any portion thereof shall not be sublet, nor shall this leave or any interest therein be assigned or mortgaged by LESSEE, and any attempted assignment, subletting, or mortgaging of this lease shall be of no force or effect, and shall confer no rights upon any assignee, sub lessee, or mortgagee. In the event that LESSEE shall become legally incapacitated, bankrupt, or insolvent, or should a guardian, trustee, or receiver be appointed to administer LESSEE’s business or affairs, neither this lease nor any interest herein shall become an asset of such guardian, trustee, or receiver, and in the event of any appointment of any such guardian, trustee, or receiver, this lease shall immediately terminate and end.

ASSIGNMENT AND MORTGAGE. The demised premises or any portion thereof shall not be sublet, nor shall this leave or any interest therein be assigned or mortgaged by LESSEEXXXXXX, and any attempted assignment, subletting, or mortgaging of this lease shall be of no force or effect, and shall confer no rights upon any assignee, sub lessee, or mortgagee. In the event that LESSEE XXXXXX shall become legally incapacitated, bankrupt, or insolvent, or should a guardian, trustee, or receiver be appointed to administer LESSEEXXXXXX’s business or affairs, neither this lease nor any interest herein shall become an asset of such guardian, trustee, or receiver, and in the event of any appointment of any such guardian, trustee, or receiver, this lease shall immediately terminate and end.

ASSIGNMENT AND MORTGAGE. The demised premises or nor any portion thereof shall not be sublet, nor shall this leave lease or any interest therein be assigned or mortgaged by LESSEEXXXXXX, and any attempted assignment, subletting, or mortgaging of this lease shall be of no force or effect, and shall confer no rights upon any assignee, sub lesseesublease, or mortgageemortgage. In the event that LESSEE XXXXXX shall become legally incapacitatedincompetent, bankrupt, or insolvent, or shall or should a guardian, trustee, or receiver be appointed to administer LESSEE’s XXXXXX'S business or affairs, neither this lease nor any interest herein shall become becomes an asset of such guardian, trustee, or receiver, and in the event of any appointment of any such guardian, trustee, or receiver, this lease shall immediately terminate and end.