Common use of Assignment of Subleases Clause in Contracts

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. Upon the execution and delivery assignment of a new lease this Lease pursuant to the provisions of this Section 31.611.5(b) hereof, all Subleases that may have been assigned to Landlord and all leases that Landlord makes directly shall be assigned and transferred, together with any security or other deposits received by Landlord and not applied under such Subleases, without recourse, by Landlord to the tenant named in the new leaseLease, as assigned. Between the date of the notice of termination of this Lease and the date of the execution and delivery assignment of the new leasethis Lease, if a Recognized Mortgagee has timely requested a new lease elected to continue this Lease as provided in this Section 31.611.5(b) hereof, Landlord shall not materially modify or amend, or cancel, cancel any Sublease or accept any cancellation, termination or surrender thereof (unless such termination occurs is effected as a matter of law upon the termination of this Lease or pursuant to terminated by 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. Upon the execution and delivery of a new lease pursuant to the provisions of this Section 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 SECTION 31.6, Landlord shall not materially modify or amend, or cancel, cancel any Sublease or accept any cancellation, termination or surrender thereof (unless such termination occurs is effected as a matter of law upon the termination of this Lease or terminated 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. Upon the execution and delivery of a new lease pursuant to the provisions of this Section 31.611.4(b) hereof, all Subleases that may have been assigned to Landlord and all leases that Landlord makes directly shall be assigned and transferred, together with any security or other deposits received by Landlord and not applied under such Subleases, without recourse, by Landlord 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 31.611.4(b) hereof, Landlord shall not materially modify or amend, or cancel, cancel any Sublease or accept any cancellation, termination or surrender thereof (unless such termination occurs is effected as a matter of law upon the termination of this Lease or pursuant to terminated by the express terms of the Sublease) or enter into any new Sublease without the consent of the Recognized Mortgagee or such designee or nominee.