ASSIGNMENT TO BENEFICIARY. In the event of the foreclosure of this Deed of Trust or other transfer of the title to the Property in extinguishment of the Secured Indebtedness, all right, title and interest of Trustor in and to any insurance policy, or premiums or payments in satisfaction of claims or any other rights under these insurance policies and any other insurance policies covering the Property shall pass to the transferee of the Property.
Appears in 3 contracts
Samples: Deed of Trust, Security Agreement and Fixture Filing (Maguire Properties Inc), Deed of Trust, Security Agreement and Fixture Filing (Kilroy Realty, L.P.), Deed of Trust, Security Agreement and Fixture Filing (Maguire Properties Inc)
ASSIGNMENT TO BENEFICIARY. In the event of the foreclosure of this Deed of Trust or other transfer of the title to the Property in extinguishment of the Secured Indebtedness, all right, title and interest of Trustor Grantor in and to any insurance policy, or premiums or payments in satisfaction of claims or any other rights under these insurance policies and any other insurance policies covering the Property shall pass to the transferee of the Property.
Appears in 3 contracts
Samples: Deed of Trust (Wells Real Estate Investment Trust Inc), Deed of Trust, Security Agreement and Fixture Filing (Wells Real Estate Investment Trust Inc), Deed of Trust, Security Agreement and Fixture Filing (Washington Corp)
ASSIGNMENT TO BENEFICIARY. In the event of the foreclosure of this Deed of Trust or other transfer of the title to the Property in extinguishment of the Secured Indebtedness, all right, title and interest of Trustor and/or Operating Lessee as applicable in and to any insurance policy, or premiums or payments in satisfaction of claims or any other rights under these insurance policies and any other insurance policies covering the Property shall pass to the transferee of the Property.
Appears in 2 contracts
Samples: Deed of Trust, Security Agreement and Fixture Filing (Strategic Hotels & Resorts, Inc), Deed of Trust, Security Agreement and Fixture Filing (Strategic Hotels & Resorts, Inc)
ASSIGNMENT TO BENEFICIARY. In the event of the foreclosure of this Deed of Trust or other transfer of the title to the Property in extinguishment of the Secured IndebtednessGuaranteed Obligations, all right, title and interest of Trustor Affiliated Guarantor and/or Operating Lessee as applicable in and to any insurance policy, or premiums or payments in satisfaction of claims or any other rights under these insurance policies and any other insurance policies covering the Property shall pass to the transferee of the Property.
Appears in 1 contract
Samples: Subordinate Deed of Trust, Security Agreement and Fixture Filing (Strategic Hotels & Resorts, Inc)
ASSIGNMENT TO BENEFICIARY. In the event of the foreclosure of this -------------------------- Deed of Trust or other transfer of the title to the Property in extinguishment of the Secured Indebtedness, all right, title and interest of Trustor Grantor in and to any insurance policy, or premiums or payments in satisfaction of claims or any other rights under these insurance policies and any other insurance policies covering the Property shall pass to the transferee of the Property.
Appears in 1 contract
Samples: Deed of Trust, Security Agreement and Fixture Filing (Boston Properties Inc)
