Common use of Assignment of Leases Clause in Contracts

Assignment of Leases. Each applicable Borrower and each applicable Operating Lessee shall have executed and delivered to Lender the Assignments of Leases, and the Assignments of Leases shall have been irrevocably delivered to an authorized title agent for the Title Insurer for such recordation in the appropriate filing offices in the jurisdiction in which the applicable Individual Property is located.

Appears in 16 contracts

Samples: Loan Agreement, Loan Agreement (Ashford Hospitality Trust Inc), Loan Agreement (Ashford Hospitality Trust Inc)

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Assignment of Leases. Each applicable Borrower and each applicable the Operating Lessee shall have executed and delivered to Lender the Assignments Assignment of Leases, and the Assignments Assignment of Leases shall have been irrevocably delivered to an authorized title agent for the Title Insurer for such recordation in the appropriate filing offices in the jurisdiction in which the applicable Individual Property is located.

Appears in 1 contract

Samples: Loan Agreement (Ashford Hospitality Trust Inc)

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