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, subject to Landlord’s right to receive and Tenant’s obligation to pay to Landlord pursuant to Section 11.5 above.

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, subject to Landlord’s 's right to receive and Tenant’s 's obligation to pay to Landlord the Transfer Premium pursuant to Section 11.5 above.

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 a part of the PremisesPremises as permitted by this Lease, and Landlord, as assignee and as attorney-in-fact for Tenant for purposes hereofTenant, or a receiver for Tenant appointed on Landlord’s 's application, may collect such rents rent and apply same it toward Tenant’s '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 rentsrent, subject to Landlord’s right to receive and Tenant’s obligation to pay to Landlord pursuant to Section 11.5 10.6(c) above.