Assignments of Rents and Leases. Except as expressly provided in the legal opinions delivered pursuant to this Agreement, each Assignment of Rents and Leases, upon execution and recordation of such Assignment of Rents and Leases in the real property records of the county in which the Mortgaged Property affected by such Assignment of Rents and Leases is located and upon payment of any applicable recording or intangible taxes, will be, as to each Mortgaged Property, a perfected, valid and enforceable first priority present assignment of or Lien on the Leases affecting such Mortgaged Property and of the Rents of and from such Mortgaged Property, which Mortgaged Properties will then otherwise be free and clear of all Liens having priority over the Assignment of Rents and Leases, except for Permitted Encumbrances. As of the Closing Date or as of the Addition Date, as applicable, with respect to a Mortgaged Property, Borrower represents that upon recordation of the applicable Assignment of Rents and Leases the Agent has taken all actions necessary to obtain, and as of the Closing Date or as of the Addition Date, as applicable, with respect to a Mortgaged Property the Agent has, a valid and perfected first priority assignment of or Lien on the Rents from such Mortgaged Property and of all security for the Leases affecting such Mortgaged Property, including cash or securities deposited as security under such Leases subject to the prior right of the Tenants making such deposits.
Assignments of Rents and Leases. The Assignment of Rents and Leases with respect to each such Hotel Property duly executed by the Borrower, which assignments may be contained in the Mortgages at the Agent's option.
Assignments of Rents and Leases. Debtor shall have executed and delivered an Assignment of Rents and Leases for each Premises.
Assignments of Rents and Leases. A separate Absolute Assignment of Rents and Leases dated as of even date herewith (each an “Assignment of Rents”), duly executed by each Borrower to and for the benefit of Lender, collaterally assigning to Lender all of such Borrower’s rents, leases and profits of its Project as security for the Note, the Loan and all obligations of all of Borrowers in connection therewith.
Assignments of Rents and Leases. Each Assignment of Rents and Leases, upon execution and recordation of such Assignment of Rents and Leases in the real property records of the county in which the Mortgaged Property affected by such Assignment of Rents and Leases is located and upon payment of any applicable recording or intangible taxes, will be, a perfected, valid and enforceable first priority present assignment of the Leases affecting such Mortgaged Property and of the Rents of and from such Mortgaged Property, which Mortgaged Property will then be free and clear of all Liens having priority over the Assignment of Rents and Leases,
Assignments of Rents and Leases. (5) Franchisor Certificate; (6)
Assignments of Rents and Leases. Except as expressly provided in the legal opinions delivered pursuant to this Agreement, each Assignment of Rents and Leases, and any amendments or modifications thereof executed as of the Closing Date, upon execution and recordation in the real property records of the county in which the Property affected by such Assignment of Rents and Leases or amendment or modification is located and upon payment of any applicable recording or intangible taxes, will be, as to the Property so affected, a perfected, valid and enforceable first priority present assignment of or Lien on the Leases affecting such Property and of the Rents of and from such Property, which Properties will then otherwise be free and clear of all Liens having priority over the Assignment of Rents and Leases or such amendment or modification, except for Permitted Encumbrances. As of the Closing Date, Borrower represents that upon recordation of each Assignment of Rents and Leases or required amendment or modification thereto Lender has taken all actions necessary to obtain, and as of the Closing Date Lender has, a valid and perfected first priority (or, to the extent described in the immediately preceding sentence, junior priority) assignment of or Lien on the Rents from the Properties and of all security for the Leases affecting such Properties, including cash or securities deposited as security under such Leases subject to the prior right of the Tenants making such deposits.
Assignments of Rents and Leases. The EHI Subsidiaries shall have executed and delivered to the MPT Parties and their Affiliates an Assignment of Rents and Leases in a form mutually agreed to by the parties with respect to all of their Tenant Leases (and shall have used commercially reasonable efforts to obtain estoppels from the lessees thereunder), and which secure the respective liabilities and obligations of each of the Xxxxxx Health Parties under the Real Property Master Sublease Agreement, the Real Estate Loan Documents, the Acquisition Promissory Note, and the other Transaction Documents (collectively, the “Assignments of Rents and Leases”).
Assignments of Rents and Leases. SECTION 5.1. Assignment of Rents and Leases.......................... 19 (a) Assignment of Rents.......................................... 19 (b) License to Collect Rents..................................... 19 (c) Termination of License Upon Event of Default................. 20 (d) Direction to Tenants......................................... 20 (e) No Release of Tenants........................................ 20 (f) No Liability of Mortgagee.................................... 20 (g) No Existing Leases........................................... 21
Assignments of Rents and Leases. The collateral assignments of rents and leases dated as of the date hereof from the Borrower to the Agent pursuant to which the Borrower has granted and assigned (or in the case of New Collateral Properties, will grant and assign) to the Agent, for the benefit of the Agent and the Lenders, a security interest in, and assignment of, the Borrower’s interest as lessor with respect to all Leases (and rents thereunder) of all or any part of the Collateral Properties.
