Common use of Assignment of Sublease Rents Clause in Contracts

Assignment of Sublease Rents. Tenant immediately and irrevocably assigns to Landlord, as security for Tenant's obligations under this Lease, all rent from any subletting of all or any part of the Premises, and Landlord, as assignee and as attorney-in-fact for Tenant for purposes hereof, or a receiver for Tenant appointed on Landlord's application, may collect such rents and apply same toward Tenant's obligations under this Lease; except that, until the occurrence of an act of default by Tenant, Tenant shall have the right and license to collect such rents.

Appears in 2 contracts

Samples: Agreement (Isocor), Office Lease (Trimark Holdings Inc)

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Assignment of Sublease Rents. Tenant immediately and irrevocably assigns to Landlord, as security for Tenant's obligations under this Lease, all rent from any subletting of all or any part of the Premises, and Landlord, as assignee and as attorney-in-fact for Tenant for purposes hereof, or a receiver for Tenant appointed on Landlord's application, may collect such rents and apply same toward Tenant's obligations under this Lease; except that, until the occurrence of an act of default by Tenant, Tenant shall have the right and license to collect such rents and Landlord shall have no right to collect such rents.

Appears in 1 contract

Samples: Agreement of Sublease (Vision Solutions Inc)

Assignment of Sublease Rents. Tenant immediately and irrevocably assigns to Landlord, as security for Tenant's ’s obligations under this Lease, all rent from any subletting of all or any part of the Premises, and Landlord, as assignee and as attorney-in-fact for Tenant for purposes hereof, or a receiver for Tenant appointed on Landlord's ’s application, may collect such rents and apply same toward Tenant's ’s obligations under this Lease; , except that, until the occurrence of an act of default by Tenant, Tenant shall have the right and license to collect such rents.

Appears in 1 contract

Samples: Office Lease (Parnell Pharmaceuticals Holdings Pty LTD)

Assignment of Sublease Rents. Tenant immediately and irrevocably assigns to Landlord, as security for Tenant's obligations under this Lease, all rent from any subletting of all or any part of the Premises, and Landlord, as assignee and as attorney-in-fact for Tenant for purposes hereof, or a receiver for Tenant appointed on Landlord's application, may collect such rents and apply same toward Tenant's obligations under this Lease; except thatprovided, however, that until the occurrence of an act event of default by Tenant, Tenant shall have the right and license to collect such rents. 17.

Appears in 1 contract

Samples: www.sec.gov

Assignment of Sublease Rents. Tenant immediately and irrevocably assigns to Landlord, as security for Tenant's obligations under this Lease, all rent from any subletting of all or any part of the Premises, and Landlord, as assignee and as attorney-in-fact for Tenant for purposes hereof, or a receiver for Tenant appointed on Landlord's application, may collect such rents and apply same toward Tenant's obligations under this Lease; except that, that until the occurrence of an act of default by Tenant, Tenant shall have the right and license to collect such rents.

Appears in 1 contract

Samples: Office Lease (Doubletwist Inc)

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Assignment of Sublease Rents. Tenant immediately and irrevocably assigns to Landlord, as security for Tenant's obligations under this Lease, all rent from any subletting of all or any part of the Premises, and Landlord, as assignee and as attorney-in-fact for Tenant for purposes hereof, or a receiver for Tenant appointed on Landlord's application, may collect such rents and apply same toward Tenant's obligations under this Lease; except thatprovided, however, that until the occurrence of an act event of default by Tenant, Tenant shall have the right and license to collect such rents.

Appears in 1 contract

Samples: Kindred Biosciences, Inc.

Assignment of Sublease Rents. Tenant immediately and irrevocably assigns to Landlord, as security for Tenant's obligations under this Lease, all rent from any subletting of all or any part of the Premises, and Landlord, as assignee and as attorney-in-fact for Tenant for purposes hereof, or a receiver for Tenant appointed on Landlord's application, may collect such rents and apply same toward Tenant's obligations under this Lease; , except that, until the occurrence of an act of default by Tenant, Tenant shall have the right and license to collect such rents.

Appears in 1 contract

Samples: Standard Office Lease (Scanvec Amiable LTD)

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