Common use of Authorization to Collect Rent Clause in Contracts

Authorization to Collect Rent. Until such time as there is an Event of Default hereunder or SPE's authority to collect Rent is terminated pursuant to Section 11, SPE is authorized to and shall collect Rent from Lessees.

Appears in 3 contracts

Samples: Master Loan and Security Agreement (Cooperative Computing Inc /De/), Loan and Security Agreement (Cooperative Computing Inc /De/), Loan and Security Agreement (Cooperative Computing Inc /De/)

AutoNDA by SimpleDocs

Authorization to Collect Rent. Until such time as there is an Event of Default hereunder or SPE's authority to collect Rent is terminated pursuant to Section 117.7, or 11.2 SPE is authorized to and shall collect Rent from Lessees.

Appears in 1 contract

Samples: Loan and Security Agreement (Cooperative Computing Inc /De/)

AutoNDA by SimpleDocs

Authorization to Collect Rent. Until such time as there is an Event of Default hereunder or SPE's authority to collect Rent Lease Proceeds is terminated pursuant to Section 11, SPE is authorized to and shall collect Rent Lease Proceeds from Lessees.

Appears in 1 contract

Samples: Loan and Security Agreement (Cooperative Computing Inc /De/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!