Common use of Assignment of Proceeds Clause in Contracts

Assignment of Proceeds. Concurrently with the assignment of this Lease pursuant to the provisions of this Section 31.6(i), Landlord shall assign to the assignee of this Lease all of its right, title and interest in and to monies (including insurance proceeds and condemnation awards), if any, then held by, or payable to, Landlord that Tenant would have been entitled to receive but for the occurrence of an Event of Default and the expiration of any cure periods, other than any such amounts theretofore applied under this Lease to the discharge of Tenant’s Obligations to Landlord hereunder, subject to the rights, if any, of the prior Tenant therein.

Appears in 2 contracts

Samples: Agreement of Sublease (New York Times Co), Memorandum of Agreement (New York Times Co)

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Assignment of Proceeds. Concurrently with the assignment execution and delivery of this Lease a new lease pursuant to the provisions of this Section 31.6(i)31.6(b) hereof, Landlord shall assign to the assignee of this Lease tenant named therein all of its right, title and interest in and to monies (including insurance proceeds and condemnation awards), if any, then held by, or payable to, Landlord that Tenant would have been entitled to receive but for the termination of this Lease or the occurrence of an Event of Default and the expiration of any cure periodsDefault, other than any such amounts theretofore applied under this Lease to the discharge of Tenant’s Obligations to Landlord hereunder, subject to the rights, if any, of the prior Tenant thereintherein and to the provisions of such new lease.

Appears in 2 contracts

Samples: Memorandum of Agreement (New York Times Co), Agreement of Sublease (New York Times Co)

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Assignment of Proceeds. Concurrently with the assignment execution and delivery of this Lease a new lease pursuant to the provisions of this Section 31.6(i)SECTION 31.6(b) hereof, Landlord shall assign to the assignee of this Lease tenant named therein all of its right, title and interest in and to monies (including insurance proceeds and condemnation awards), if any, then held by, or payable to, Landlord that Tenant would have been entitled to receive but for the termination of this Lease or the occurrence of an Event of Default and the expiration of any cure periodsDefault, other than any such amounts theretofore applied under this Lease to the discharge of Tenant’s 's Obligations to Landlord hereunder, subject to the rights, if any, of the prior Tenant thereintherein and to the provisions of such new lease.

Appears in 1 contract

Samples: Agreement of Lease (New York Times Co)

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