Common use of Assignment of Construction Contracts Clause in Contracts

Assignment of Construction Contracts. As additional security for the payment of the Debt and the performance of Borrower’s Obligations, Borrower hereby transfers and assigns to Lender for the benefit of Lender, all of Borrower’s rights and interest, but not its obligations, in, under and to all contracts, subcontracts and agreements, written or oral, between Borrower and any other party, and between parties other than Borrower, in any way relating to the development of the Property and/or the construction of improvements on the Property, or the supplying of material (specially fabricated or otherwise), labor, supplies, or other services therefor (collectively, the “Construction Contracts”) upon the following terms and conditions:

Assignment of Construction Contracts. As additional security for the payment of the Debt and the performance of Borrower’s Obligations, Borrower hereby transfers and assigns to Lender for the benefit of Lender, all of Borrower’s rights and interest, but not its obligations, in, under and to all contracts, subcontracts and agreements, written or oral, between Borrower and any other party, and between parties other than Borrower, in any way relating to the development of the Property and/or the construction of improvements on the Property, or the supplying of material (specially fabricated or 37 otherwise), labor, supplies, or other services therefor (collectively, the “Construction Contracts”) upon the following terms and conditions:

Assignment of Construction Contracts. As additional security for the payment of the Debt and the performance of Borrower’s Obligations, Borrower hereby transfers and assigns to Lender for the benefit of Lender, all of Borrower’s rights and interest, but not its obligations, in, under and to all contracts, subcontracts and agreements, written or oral, between Borrower and any other party, and between parties other than Borrower, in any way relating to the development of the Mortgaged Property and/or the construction of improvements Improvements on the Mortgaged Property, or the supplying of material (specially fabricated or otherwise), labor, supplies, or other services therefor therefor, including but not limited to the Amenities Center Construction Contract (collectively, the “Construction Contracts”) upon the following terms and conditions: