Assignment of Rents. Upon receipt by Lessee of written notice from Lender that Lender has elected to terminate the license granted to Lessor to collect rents, as provided in the Deed of Trust, and directing the payment of rents by Lessee to Lender, Lessee shall comply with such direction to pay and shall not be required to determine whether Lessor is in default under the Loan and/or the Deed of Trust.
Appears in 12 contracts
Samples: Loan Agreement, And Attornment Agreement, Office Lease (AssetMark Financial Holdings, Inc.)
Assignment of Rents. Upon receipt by Lessee of written notice from Lender that Lender has elected to terminate the license granted to Lessor to collect rents, as provided in the Deed of TrustMortgage, and directing the payment of rents by Lessee to Lender, Lessee shall comply with such direction to pay and shall not be required to determine whether Lessor is in default under the Loan and/or the Deed of TrustMortgage.
Appears in 3 contracts
Samples: Lease Agreement (Ikanos Communications), Office Lease Agreement (Idine Rewards Network Inc), Office Lease Agreement (Idine Rewards Network Inc)
Assignment of Rents. Upon receipt by Lessee Xxxxxx of written notice from Lender that Lender Xxxxxx has elected to terminate the license granted to Lessor to collect rents, as provided in the Deed Deeds of Trust, and directing the payment of rents by Lessee Xxxxxx to Lender, Lessee shall comply with such direction to pay and shall not be required to determine whether Lessor is in default under the Loan and/or the Deed Deeds of Trust.
Appears in 1 contract
Samples: Subordination Agreement (GenMark Diagnostics, Inc.)
Assignment of Rents. Upon receipt by Lessee of written notice from Lender that Lender has elected to terminate the license granted to Lessor Owner to collect rents, as provided in the Deed of Trust, and directing the payment of rents by Lessee to Lender, Lessee shall comply with such direction to pay and shall not be required to determine whether Lessor Owner is in default under the Loan and/or the Deed of Trust, and Owner hereby so directs and authorizes Lessee to make such payments upon receipt of such notice from Lender.
Appears in 1 contract
Assignment of Rents. Upon receipt by Lessee of written notice from ------------------- Lender that Lender has elected to terminate the license granted to Lessor to collect rents, as provided in the Deed of Trust, and directing the payment of rents by Lessee to Lender, Lessee shall comply with such direction to pay and shall not be required to determine whether Lessor is in default under the Loan and/or the Deed of Trust.
Appears in 1 contract
Assignment of Rents. Upon receipt by Lessee of written notice from Lender that Lender has elected to terminate the license granted to Lessor to collect rents, as provided in the Deed of Trust, and directing the payment of rents by Lessee to Lender, Lessee shall comply with such direction to pay and shall not be required to determine whether Lessor is in default under the Loan and/or the Deed of Trust.; and
Appears in 1 contract
Assignment of Rents. Upon receipt by Lessee of written notice from Lender Bank that Lender Bank has elected to terminate the license granted to Lessor to collect rents, as provided in the Deed of Trust, and directing the payment of rents by Lessee to Lendermake payment thereof to Bank, Lessee shall comply with such direction to pay and shall not be required to determine whether Lessor or Borrower is in default under the Loan and/or the Deed of Trustany obligations to Bank.
Appears in 1 contract
Samples: Office Lease Agreement (Great Basin Scientific, Inc.)
Assignment of Rents. Upon receipt by Lessee of written notice from Lender that Lender has elected to terminate the license granted to Lessor Owner to collect rents, as provided in the Deed of Trust, and directing the payment of rents by Lessee to Lender, Lessee shall comply with such direction to pay and shall not be required to determine whether Lessor Owner is in default under the Loan and/or the Deed of Trust.
Appears in 1 contract
Samples: Work Letter Agreement (Auspex Pharmaceuticals, Inc.)
Assignment of Rents. Upon receipt by Lessee of written notice from Lender that Lender has elected to terminate the license granted to Lessor to collect rents, as provided in the Deed of Trust, and directing the payment of rents by Lessee to Lender, . Lessee shall comply with such direction to pay and shall not be required to determine whether Lessor is in default under the Loan and/or the Deed of Trust. Owner hereby irrevocably authorizes Lessee to make payment as may be directed pursuant to this Section 3.4.
Appears in 1 contract
Samples: Office Lease (Ulthera Inc)
Assignment of Rents. Upon receipt by Lessee of written ------------------- notice from Lender that Lender has elected to terminate the license granted to Lessor Borrower to collect rents, as provided in the Deed of TrustTrust and Assignment, and directing the payment of rents by Lessee thereof to Lender, Lessee shall comply with such direction to pay and shall not be required to determine whether Lessor Borrower is in default under the Loan and/or the Deed of TrustLoan.
Appears in 1 contract