Common use of Assignment of Rent Clause in Contracts

Assignment of Rent. Sublessor unconditionally assigns to Landlord any and all payments due from Sublessee to Sublessor under the Sublease (the “Rents”). Sublessor acknowledges that this assignment is present, absolute and unconditional and Landlord shall therefore have the right to collect the Rents and to apply them in payment of any sums payable by Sublessor under the Lease. However, Sublessor shall have a license to collect the Rents until the occurrence of a default by Sublessor under the Lease. If a default occurs, Sublessor’s right to collect the Rents shall be suspended until the default is cured. During such period, Landlord shall have the right to collect the Rents and apply them toward Sublessor’s obligations under the Lease. Landlord’s acceptance of any payment from Sublessee as a result of any default does not release Sublessor from liability under the terms, covenants, conditions, provisions or agreements under the Lease. Upon receiving from Landlord a written notice of Sublessor’s default and a written demand for payment of Rents, Sublessee shall pay Rents to the Landlord until Landlord provides written notice that the Sublessor’s default has been cured. Sublessee may conclusively rely upon Landlord’s representations of Sublessor’s default and need not conduct its own investigation. All payments by Sublessee to Landlord in response to a demand from Landlord shall be deemed payments by Sublessee to Sublessor under this Sublease.

Assignment of Rent. Sublessor unconditionally assigns to If at any time during the lease term, including any extension, renewal or holdover term, Landlord any and all payments due from Sublessee to Sublessor under becomes delinquent in the Sublease (the “Rents”). Sublessor acknowledges that this assignment is present, absolute and unconditional and Landlord shall therefore have the right to collect the Rents and to apply them in payment of any amounts due from Landlord to the Association, including, but not limited to the regular monthly assessment or any special assessment, the Association may demand and, upon such demand, shall receive payment of rent from Tenant, up to an amount sufficient to pay all sums payable by Sublessor under due from Landlord to the Association. Any such payment from Tenant to the Association shall be deemed to be a full and sufficient payment of rent to Landlord in accordance with the Lease, and Tenant shall be discharged from any obligation to pay such amounts directly to Landlord, so long as such payments are made to the Association until Landlord's delinquency to the Association has been fully cured. However, Sublessor Tenant shall have a license begin making such rental payments to collect the Rents until the occurrence Association upon receipt of a default letter signed by Sublessor under an authorized officer, agent or counsel of the Lease. If a default occursAssociation, Sublessor’s right to collect indicating that the Rents shall be suspended until Landlord is delinquent in the default is cured. During such period, Landlord shall have the right to collect the Rents payment of assessments and apply them toward Sublessor’s obligations under the Lease. Landlord’s acceptance of any demanding payment from Sublessee as a result the Tenant pursuant to this Paragraph, and shall continue making such payments in monthly installments equal to monthly installments of any default does not release Sublessor from liability under the terms, covenants, conditions, provisions or agreements under the Lease. Upon receiving from Landlord a written notice of Sublessor’s default and a written demand for payment of Rents, Sublessee shall pay Rents rent due pursuant to the Landlord Lease until Landlord provides written notice advised in writing by the Association that the Sublessor’s default delinquency has been cured. Sublessee may conclusively rely upon Landlord’s representations Landlord hereby assigns to the Association the right to take legal action for non-payment of Sublessor’s default rent, including the right to terminate the Lease, evict Tenant and need obtain possession of the Premises, as set forth in Paragraph l(b) above, if Tenant fails to pay the Association any amounts due pursuant to this Paragraph, provided, however, that the Association shall not conduct its own investigation. All payments by Sublessee be obligated to Landlord in response to a demand from take such action, and provided, further, that Landlord shall under no circumstances be deemed payments released from any of Landlord's payment obligations or other obligations to the Association by Sublessee to Sublessor under this Subleasevirtue of the provisions herein.

Assignment of Rent. Sublessor unconditionally assigns to If at any time during the lease term, including any extension, renewal or holdover term, Landlord any and all payments due from Sublessee to Sublessor under becomes delinquent in the Sublease (the “Rents”). Sublessor acknowledges that this assignment is present, absolute and unconditional and Landlord shall therefore have the right to collect the Rents and to apply them in payment of any amounts due from Landlord to the Association, the Association, at its option, as long as such delinquency continues, may demand and receive payment from Tenant of all such amounts due or becoming due, up to an amount sufficient to pay all sums payable by Sublessor under due from Landlord to the Association, and any such payment from Tenant to the Association shall be deemed to be a full and sufficient payment of rent to Landlord in accordance with the Lease, and Tenant shall be discharged from any obligation to pay such amounts directly to Landlord, so long as such payments are * Please be aware of regulations governing the leasing of residential property within the District of Columbia. HoweverFor more information visit: xxxx://xxxx.xx.xxx/service/residential-housing-rental-license-information and xxxx://xxxx.xx.xxx/service/get-one-family-rental-license. made to the Association, Sublessor until Landlord’s delinquency to the Association has been fully cured. Tenant shall have a license to collect the Rents until the occurrence begin making such payments upon receipt of a default letter signed by Sublessor under an authorized officer of the Lease. If a default occursAssociation, Sublessor’s right to collect indicating that the Rents shall be suspended until Landlord is delinquent in the default is cured. During such period, Landlord shall have the right to collect the Rents payment of assessments and apply them toward Sublessor’s obligations under the Lease. Landlord’s acceptance of any demanding payment from Sublessee as a result the Tenant pursuant to this Paragraph, and shall continue making such payments in monthly installments equal to monthly installations of any default does not release Sublessor from liability under the terms, covenants, conditions, provisions or agreements under the Lease. Upon receiving from Landlord a written notice of Sublessor’s default and a written demand for payment of Rents, Sublessee shall pay Rents rent due pursuant to the Landlord Lease until Landlord provides written notice advised in writing by the Association that the Sublessor’s default delinquency has been cured. Sublessee may conclusively rely upon Landlord’s representations Landlord hereby assigns to the Association the right to take legal action for non-payment of Sublessor’s default rent, including the right to terminate the Lease, evict Tenant, and need not conduct its own investigation. All payments by Sublessee obtain possession of the Premises, as set forth in Paragraph 1.b., above, if Tenant fails to Landlord in response pay the Association any amounts due pursuant to a demand from Landlord shall be deemed payments by Sublessee to Sublessor under this SubleaseParagraph.

Assignment of Rent. Sublessor unconditionally assigns to Landlord any Sublandlord and all payments due from Sublessee to Sublessor Subtenant agree that until a default shall occur in the performance of Sublandlord's obligations under the Sublease (the “Rents”). Sublessor acknowledges that this assignment is presentMaster Lease, absolute and unconditional and Landlord shall therefore have the right to collect the Rents and to apply them in payment of any sums payable by Sublessor under the Lease. However, Sublessor Sublandlord shall have a license to receive, collect and enjoy the Rents until rentals and other sums due Sublandlord under the Sublease. However, said license shall automatically terminate without notice to Sublandlord upon the occurrence of a default by Sublessor Sublandlord in the performance of its obligations under the LeaseMaster Lease and Lessor may thereafter, at its option, receive and collect, directly from Subtenant, all rentals and other sums due or to be due Sublandlord under the Sublease. If Lessor shall not, by reason of the assignment of all rentals and other sums due Sublandlord under the Sublease nor by reason of the collection of said rentals or other sums from the Subtenant, (a) be bound by or become a party to the Sublease, (b) be deemed to have accepted the attornment of Subtenant, or (c) be deemed liable to Subtenant for any failure of Sublandlord to perform and comply with Sublandlord's obligations under the Sublease. Sublandlord hereby irrevocably authorizes and directs Subtenant, upon receipt of any written notice from Lessor stating that a default occursexists in the performance of Sublandlord's obligations under the Master Lease, Sublessor’s right to collect pay directly to Lessor the Rents shall be suspended until rents and other income due and to become due under the default is curedSublease. During such period, Landlord Sublandlord agrees that Subtenant shall have the right to collect the Rents rely solely upon such notice from Lessor notwithstanding any conflicting demand by Sublandlord or any other party. Sublandlord hereby agrees to indemnify, defend and apply them toward Sublessor’s obligations hold Subtenant harmless from any and all claims, losses, liabilities, judgements, costs, demands, causes of action and expenses (including, without limitation, attorneys' fees and consultants' fees) (collectively, "Claims") which Subtenant may incur in relying on any written notice form Lessor and/or paying rent and other sums due under the Lease. Landlord’s acceptance of any payment from Sublessee as a result of any default does not release Sublessor from liability under the terms, covenants, conditions, provisions or agreements under the Lease. Upon receiving from Landlord a written notice of Sublessor’s default and a written demand for payment of Rents, Sublessee shall pay Rents to the Landlord until Landlord provides written notice that the Sublessor’s default has been cured. Sublessee may conclusively rely upon Landlord’s representations of Sublessor’s default and need not conduct its own investigation. All payments by Sublessee Sublease directly to Landlord in response to a demand from Landlord shall be deemed payments by Sublessee to Sublessor under accordance with this SubleaseSection 13.

Assignment of Rent. Sublessor unconditionally assigns to If at any time during the lease term, including any extension, renewal or holdover term, Landlord any and all payments due from Sublessee to Sublessor under becomes delinquent in the Sublease (the “Rents”). Sublessor acknowledges that this assignment is present, absolute and unconditional and Landlord shall therefore have the right to collect the Rents and to apply them in payment of any amounts due from Landlord to the Association, including, but not limited to the regular monthly assessment or any special assessment, the Association may demand and, upon such demand, shall receive payment of rent from Tenant, up to an amount sufficient to pay all sums payable by Sublessor under due from Landlord to the Association. Any such payment from Tenant to the Association shall be deemed to be a full and sufficient payment of rent to Landlord in accordance with the Lease, and Tenant shall be discharged from any obligation to pay such amounts directly to Landlord, so long as such payments are made to the Association until Landlord's delinquency to the Association has been fully cured. However, Sublessor Tenant shall have a license begin making such rental payments to collect the Rents until the occurrence Association upon receipt of a default letter signed by Sublessor under an authorized officer of the Lease. If a default occursAssociation, Sublessor’s right to collect indicating that the Rents shall be suspended until Landlord is delinquent in the default is cured. During such period, Landlord shall have the right to collect the Rents payment of assessments and apply them toward Sublessor’s obligations under the Lease. Landlord’s acceptance of any demanding payment from Sublessee as a result the Tenant pursuant to this Paragraph, and shall continue making such payments in monthly installments equal to monthly installments of any default does not release Sublessor from liability under the terms, covenants, conditions, provisions or agreements under the Lease. Upon receiving from Landlord a written notice of Sublessor’s default and a written demand for payment of Rents, Sublessee shall pay Rents rent due pursuant to the Landlord Lease until Landlord provides written notice advised in writing by the Association that the Sublessor’s default delinquency has been cured. Sublessee may conclusively rely upon Landlord’s representations Landlord hereby assigns to the Association the right to take legal action for non-payment of Sublessor’s default rent, including the right to terminate the Lease, evict Tenant, and need obtain possession of the Premises, as set forth in Paragraph 1(b) above, if Tenant fails to pay the Association any amounts due pursuant to this Paragraph, provided, however, that the Association shall not conduct its own investigation. All payments by Sublessee be obligated to Landlord in response to a demand from take such action, and provided, further, that Landlord shall under no circumstances be deemed payments released from any of Landlord's payment obligations or other obligations to the Association by Sublessee to Sublessor under this Subleasevirtue of the provisions herein.