Assignment of Project Documents. The Borrower will execute and deliver to the Administrative Agent for the benefit of the Banks the Assignment of Project Documents assigning to the Administrative Agent for the benefit of the Banks, as security for the payment and performance of the Debt, all of the Borrower’s right, title and interest in, to and under the Management Agreement, Construction Documents, the other Project Agreements and the Project Permits and all of the Borrower’s right, title and interest in, to and under all other contracts, instruments, documents, licenses, permits, surveys, approvals and agreements of any kind relating to all or any part of the Project, now owned or hereafter acquired, and the proceeds of any of the foregoing; provided that, so long as no Event of Default shall have occurred and be continuing, the Borrower shall have the benefits of such right, title and interest, except the Borrower shall not terminate, cancel or amend or suffer or permit the termination, cancellation or amendment or default or expiration of any assigned instrument without the Administrative Agent’s prior approval, other than any amendment (i) for which the Administrative Agent’s consent is not otherwise expressly required by the terms of this Agreement, (ii) which does not jeopardize or adversely affect operation of the Project or the security for the Debt, and (iii) of which the Administrative Agent is given a copy. The Borrower shall continue to be solely liable for all obligations of the Borrower under any assigned instrument and neither the Borrower nor any other party thereto shall look to the Administrative Agent or the Banks to pay or perform any of such obligations unless and until the Administrative Agent shall have notified such party in writing that the Administrative Agent has elected to assume such obligations, and then only to the extent set forth in such assumption. In the event of a sale or foreclosure under the Mortgage, the purchaser at such sale or foreclosure shall also acquire all of the right, title and interest of the Borrower in, to and under such contracts, instruments, documents, licenses, permits, surveys, approvals and agreements, but such purchaser shall be liable only for the obligations expressly assumed by such purchaser.
Assignment of Project Documents. The Assignment of Project Documents, dated or to be dated on or prior to the Closing Date, made by the Borrower to the Agent for the benefit of the Banks, as the same may be modified or amended, pursuant to which the Borrower assigns and grants a security interest in the Borrower's right, title and interest in and to the Architect's Contract, the Construction Contract, the Plans and Specifications and the Project Approvals, such Assignment of Project Documents to be in form and substance satisfactory to the Agent. Balance Sheet Date. As to the Borrower and the General Partner February 27, 1998. As to Walden and WDOP Decexxxx 01, 1997. As to The Grupe Company Decembxx 00, 1996.
Assignment of Project Documents. Each assignment of project documents made by a Borrower to the Agent for the benefit of the Lenders, as the same may be modified or amended, pursuant to which a Borrower assigns and grants a security interest in such Borrower’s right, title and interest in and to, among other things, the Architect’s Contract, Construction Contract, Plans and Specifications and Project Consents pertaining to the applicable Vertical Commercial Improvements, each such assignment of project documents to be in form and substance satisfactory to the Agent.
Assignment of Project Documents. Borrower shall have assigned to Lender, in form and substance satisfactory to Lender, the Project Documents.
Assignment of Project Documents. As used herein, "Assignment of ------------------------------- Project Documents" shall mean the Collateral Assignment of Project Documents in the form of Exhibit A hereto.
Assignment of Project Documents. An Assignment and Assumption of Project Documents substantially in the form attached hereto as Exhibit R (or otherwise reasonably acceptable to Buyer and Seller) assigning the Installment Purchase Contract and the other Project Documents to Buyer, executed by Buyer, Seller and the City Agency.
Assignment of Project Documents. The Assignment of Project Documents dated as of the Closing Date, made by Borrower in favor of Agent for the benefit of Lenders, as the same may be amended, restated, supplemented or otherwise modified from time to time.
Assignment of Project Documents. As such term is defined in Section 4.2, as the same may be amended, supplemented, restated or otherwise modified from time to time.
Assignment of Project Documents. A. As security for the payment and performance of the Secured Obligations, Borrower hereby grants, conveys, assigns and transfers to Lender the Project Documents, and all rights of Borrower thereunder, together with the immediate and continuing right to collect and receive all sums which are now or hereafter due to Borrower thereunder or in connection therewith, and all of Borrower's rights to receive the proceeds of any insurance, indemnity, warranty or guaranty with respect to any of the Project Documents. The parties expressly acknowledge and agree that Lender does not hereby assume any of Borrower's obligations with respect to any of the Project Documents, including, without limitation, any obligation to pay for any work done pursuant thereto, unless Lender expressly assumes such obligations in accordance with SECTION 4.1
Assignment of Project Documents. In consideration of the Loan, Bxxxxxxx agrees to grant to Lender, concurrently herewith, a collateral assignment of all of Borrower’s rights in the contracts for the Project and in the Property Improvement Plan, any plans and specifications relating thereto and all other agreements related to the Project, whether any such contracts and agreements are in writing or verbal, pursuant to the Assignment of Project Documents, which Assignment of Project Documents shall be security for all of the obligations and indebtedness of Borrower to Lender now or hereafter existing, and the provisions of which are hereby incorporated herein by reference having the same force and effect as if set forth herein.
