Common use of Assignment of Management Agreement Clause in Contracts

Assignment of Management Agreement. As additional collateral security for the Loan, Borrower conditionally transfers, sets over, and assigns to Lender all of Borrower’s right, title and interest in and to the Management Agreement and all extensions and renewals. This transfer and assignment will automatically become a present, unconditional assignment, at Lender’s option, upon a default by Borrower under the Note, the Loan Agreement, the Security Instrument or any of the other Loan Documents (each, an “Event of Default”), and the failure of Borrower to cure such Event of Default within any applicable grace period.

Assignment of Management Agreement. As additional collateral security for the Loan, Borrower conditionally transfers, sets over, and assigns to Lender all of Borrower’s right, title and interest in and to the Management Agreement and all extensions and renewals. This transfer and assignment will automatically become a present, unconditional assignment, at Lender’s option, upon a default by Borrower under the Credit Agreement, the Note, the Loan Agreement, the Security Instrument or any of the other Loan Documents (each, an “Event of Default”), and the failure of Borrower to cure such Event of Default within any applicable grace period.

Assignment of Management Agreement. As additional collateral security for the Loan, Borrower conditionally transfers, sets over, and assigns to Lender all of Borrower’s right, title and interest in and to the Management Agreement and all extensions and renewals. This transfer and assignment will automatically become a present, unconditional assignment, at Lender’s option, upon a default by Borrower under the Note, the Loan Agreement, the Security Instrument or any of the other Loan Documents (each, an “Event of Default”), and the failure of Borrower to cure such Event of Default within any applicable grace period.. Assignment of Management Agreement andSubordination of Management Fees

Assignment of Management Agreement. As additional collateral security for the Loan, Borrower hereby conditionally transfers, sets over, over and assigns to Lender all of Borrower’s right, title and interest in and to the Management Agreement and all extensions and renewals. This , said transfer and assignment will to automatically become a present, unconditional assignment, at Lender’s option, upon in the event of a default by Borrower under the Note, the Loan Agreement, the Security Instrument or any of the other Loan Documents (each, an “Event of Default”), and the failure of Borrower to cure such Event of Default within any applicable grace period.

Assignment of Management Agreement. As additional collateral security for the Loan, Borrower conditionally transfers, sets over, over and assigns to Lender all of Borrower’s right, title and interest in and to the Management Agreement and all extensions and renewals. This transfer and assignment will automatically become a present, unconditional assignment, at LenderXxxxxx’s option, upon a default by Borrower under the Note, the Loan Agreement, the Security Instrument or any of the other Loan Documents (each, an “Event of Default”), and the failure of Borrower to cure such Event of Default within any applicable grace period.

Assignment of Management Agreement. As additional collateral security for the Loan, Borrower conditionally transfers, sets over, and assigns to Lender all of Borrower’s 's right, title and interest in and to the Management Agreement and all extensions and renewals. This transfer and assignment will automatically become a present, unconditional assignment, at Lender’s 's option, upon a default by Borrower under the Note, . the Loan Agreement, the Security Instrument or any of the other Loan Documents (( each, an “"Event of Default”"), and the failure of Borrower to cure such Event of Default within any applicable grace period.

Assignment of Management Agreement. As additional collateral security for the Loan, Borrower conditionally transfers, sets over, and assigns to Lender all of Borrower’s 's right, title and interest in and to the Management Agreement and all extensions and renewals. This transfer and assignment will automatically become a present, unconditional assignment, at Lender’s 's option, upon a default by Borrower under the Note, the Loan Agreement, the Security Instrument or any of the other Loan Documents (( each, an “"Event of Default”"), and the failure of Borrower to cure such Event of Default within any applicable grace period.

Assignment of Management Agreement. As additional collateral security for the Loan, Borrower conditionally transfers, . sets over, . and assigns to Lender all of Borrower’s 's right, title and interest in and to the Management Agreement and all extensions and renewals. This transfer and assignment will automatically become a present, unconditional assignment, . at Lender’s 's option, upon a default by Borrower under the Note, the Loan Agreement, the Security Instrument or any of the other Loan Documents (each, an “"Event of Default”''), and the failure of Borrower to cure such Event of Default within any applicable grace period.

Assignment of Management Agreement. As additional collateral security for the Loan, Borrower conditionally transfers, sets over, and assigns to Lender all of Borrower’s 's right, title and interest in and to the Management Agreement and all extensions and renewals. This transfer and assignment assigmnent will automatically become a present, unconditional assignmentassigmnent, at Lender’s 's option, upon a default by Borrower under the Note, the Loan Agreement, the Security Instrument or any of the other Loan Documents (( each, an “"Event of Default”"), and the failure of Borrower to cure such Event of Default within any applicable grace period.

Assignment of Management Agreement. As additional collateral security for the Loan, Borrower hereby conditionally transfers, sets over, over and assigns to Lender all of Borrower’s right, title and interest in and to the Management Agreement and all extensions and renewals. This , said transfer and assignment will to automatically become a present, unconditional assignment, at Lender’s option, upon in the event of a default by Borrower under the Note, the Loan Agreement, the Security Instrument or any of the other Loan Documents (each, an “Event of Default”), and the failure of Borrower to cure such Event of Default within any applicable grace period.

Assignment of Management Agreement. As additional collateral security for the Loan, Borrower conditionally transfers, sets over, and assigns to Lender all of Borrower’s 's right, title and interest in and to the Management Agreement and all extensions and renewals. This transfer and assignment will automatically become a present, unconditional assignment, at Lender’s 's option, upon a default by Borrower under the Note, the Loan Agreement, the Security Instrument or any of the other Loan Documents (each, an “"Event of Default”"), and the failure of Borrower to cure such Event of Default within any applicable grace period.