Assignment of Subleases. Tenant hereby assigns to Landlord, effective upon the occurrence of any Event of Default hereunder, and so long as such Default remains uncured, as collateral security for the performance of all obligations of Tenant under this Lease, any Sublease created by Tenant and each and every amendment, modification or extension thereof. In no event shall such assignment impose upon Landlord any duty or obligation to perform any of the obligations of Tenant as landlord under any such Sublease, subject to Section 17.2. After default by Tenant, Landlord may collect the rents and other payments from any and all Subtenants and apply the net amount collected to the rent and other sums payable hereunder, and may enforce the provisions of any such Sublease directly against the Subtenant thereunder in the name of Landlord or of Tenant but for Landlord's sole benefit. No such collection or enforcement by Landlord will be deemed to be a waiver of any agreement, term, covenant or condition of this Lease by Landlord or the acceptance by Landlord of any Subtenant. The assignment in this Section shall be subordinate to any assignment of rents to a Permitted Mortgagee. Although the provisions of the immediately preceding sentence are intended to be self-operative, Landlord shall execute, have acknowledged and shall deliver such instruments of subordination respecting said assignment of rents as any Permitted Mortgagee may reasonably require. Once such default has been cured, Tenant thereafter shall have the right to collect future rents and other payments from any and all Subtenants and otherwise enforce the provisions of the Sublease.
Assignment of Subleases. Upon the execution and delivery of a new lease pursuant to the provisions of this Section 31.6, all Subleases that may have been assigned to Landlord and all leases that Landlord makes directly shall be assigned and transferred, without recourse, to the tenant named in the new lease. Between the date of termination of this Lease and the date of the execution and delivery of the new lease, if a Recognized Mortgagee has timely requested a new lease as provided in this Section 31.6, Landlord shall not materially modify or amend, or cancel, any Sublease or accept any cancellation, termination or surrender thereof (unless such termination occurs as a matter of law upon the termination of this Lease or pursuant to the express terms of the Sublease) or enter into any new Sublease without the consent of the Recognized Mortgagee or such designee or nominee.
Assignment of Subleases. The Lessee shall assign each Sublease with a term of more than 12 months (including mandatory renewals and extensions) to the Security Trustee as security for the obligations secured hereby, which assignment shall be in form and substance reasonably satisfactory to the Security Trustee and shall provide that so long as no Event of Default or Special Default shall have occurred and be continuing, all payments made under such Sublease shall be paid to the Lessee and, during any period when a Special Default shall have occurred and be continuing, shall be paid to the Security Trustee to be held as collateral and applied against the Lessee’s obligations hereunder as and when due. Unless a Special Default shall have occurred and be continuing, the Lessee shall be entitled to exercise all rights as lessor under any Sublease, including with respect to any amendment thereto or any defaults thereunder.
Assignment of Subleases. Upon the assignment of this Lease pursuant to the provisions of this Section 31.6(i), all Subleases shall concurrently therewith be assigned and transferred, together with any security or other deposits held by Tenant and not applied under such Subleases.
Assignment of Subleases. Tenant hereby irrevocably assigns to Landlord all rents and other charges due, or to become due, from any subleases of Tenant, together with the right to collect and receive such rents and other charges, provided that, so long as Tenant is not in default under this Lease, Tenant shall have the right to collect such rents and other charges.
Assignment of Subleases. (a) Existing Subleases are hereby assigned by Lessor to Lessee for the Term, and Lessee assumes and agrees to perform each and every obligation of the landlord with respect to the Existing Subleases affecting the Leased Property, whether such obligations accrued prior to the Closing Date or accrue during the period from and after the Closing Date to the date such Existing Subleases are absolutely reassigned to Lessor as provided in Section 9.7(b) hereof.
Assignment of Subleases. Subject to the rights of each Leasehold Mortgage, Tenant hereby assigns to Landlord, effective upon the occurrence of any Event of Default hereunder, and as long as such Event of Default remains uncured, as collateral security for the performance of all obligations of Tenant under this Lease, any sublease created by Tenant and each and every amendment, modification, or extension thereof. In no event shall such assignment impose upon Landlord any duty or obligation to perform any of the obligations of Tenant as landlord under any such lease or subleases. Following the occurrence and during the continuance of an Event of Default, and after the expiration of the periods provided in Section 16.5 hereof, Landlord may, subject to the rights of a Leasehold Mortgagee, collect the rents and subrents from any and all subtenants or occupants and apply the net amount collected to the Net Rent and Additional Payments, but no such collection by Landlord will be deemed to be a waiver of any agreement, term, covenant, or condition of this Lease by Landlord, nor the acceptance by Landlord of any subtenant or occupant, as Tenant. The provisions of this Section 17.6 shall be subject to and subordinate to any Leasehold Mortgage and the rights and remedies of the Leasehold Mortgagee.
Assignment of Subleases. Landlord consents to the assignment to Beneficiary of all of Tenant's rights and interests in all present and future subleases of the Property and any improvements thereon and all rentals to become due thereunder as security for the Loan.
Assignment of Subleases. For each Property, an Assignment and Assumption of Subleases in the form of Exhibit S (the "Assignment of Subleases"), to which will be attached a true, correct and complete list of all Leases and, if applicable, any Commission Agreements.
Assignment of Subleases. Effective upon the commencement of the term of any new lease executed pursuant to Section 15.4, (a) all subleases shall be assigned and transferred without recourse by Landlord to the tenant under such new lease, and (b) all monies on deposit with Landlord which Tenant would have been entitled to use but for the termination or expiration of this Lease may be used by the tenant under such new lease for the purposes of and in accordance with the provisions of such new lease.
