Collateral Assignment by Landlord Sample Clauses
The Collateral Assignment by Landlord clause allows the landlord to assign its rights and interests in the lease as collateral, typically to secure a loan or other financial obligation. In practice, this means the landlord can pledge the lease to a lender, who may then have certain rights to the lease if the landlord defaults on their obligations. This clause facilitates the landlord's ability to obtain financing by using the lease as security, thereby addressing the need for flexibility in managing financial arrangements related to the property.
Collateral Assignment by Landlord. Notwithstanding the foregoing, the term of the Letter of Credit for the final period shall be for a term ending not earlier than the date sixty (60) days after the last day of the Term. Tenant acknowledges that Landlord may be required to pledge the proceeds of the Letter of Credit to any lender holding a collateral assignment of Landlord’s interest in the Lease and agrees to provide Landlord with such documentation as Landlord may reasonably request, and to cooperate with Landlord as is necessary, to evidence the consent by the issuer of the Letter of Credit to such pledge.
Collateral Assignment by Landlord. Subject to the foregoing provisions of this Article, Landlord reserves the right, without notice to or consent of Tenant, to assign this Lease and/or any and all Rent hereunder as security for the payment of any mortgage loan, deed of trust loan, or other method of financing or refinancing.