Common use of Assignments of Leases and Rents Clause in Contracts

Assignments of Leases and Rents. The Assignments of Leases and Rents create a valid assignment of, or a valid security interest in, certain rights under the Leases, subject only to a license granted to Borrowers to exercise certain rights and to perform certain obligations of the lessor under the Leases, including the right to operate the Properties. No Person other than Lender has any interest in or assignment of the Leases or any portion of the Rents due and payable or to become due and payable thereunder.

Assignments of Leases and Rents. The Assignments of Leases and Rents create a valid assignment assignments of, or a valid security interest interests in, certain rights under the Leases, subject only to a license granted to Borrowers to exercise certain rights and to perform certain obligations of the lessor under the Leases, including the right to operate the Properties. No Person other than Lender has any interest in or assignment of the Leases or any portion of the Rents due and payable or to become due and payable thereunder.

Assignments of Leases and Rents. The Assignments assignments of Leases leases and Rents create a rents set forth in the Mortgages creates valid assignment assignments of, or a valid security interest in, certain rights under the Leases, subject only to a license granted to Borrowers to exercise certain rights and to perform certain obligations of the lessor under the Leases, including the right to operate the Properties. No 36 Person other than Lender Xxxxxx has any interest in or assignment of the Leases or any portion of the Rents due and payable or to become due and payable thereunder.