Common use of Collateral Assignment of Leases and Rents Clause in Contracts

Collateral Assignment of Leases and Rents. A first priority collateral assignment of leases and rents (individually and collectively, the “Assignment of Leases and Rents”) granted by each Borrowing Base Property Owner to the Administrative Agent, for the ratable benefit of the Lenders, with respect to all Leases of each Collateral Property and all income and profits to be derived from the operation and leasing of each Collateral Property.

Appears in 3 contracts

Samples: Loan Agreement (Cedar Shopping Centers Inc), Loan Agreement (Cedar Shopping Centers Inc), Loan Agreement (Cedar Shopping Centers Inc)

AutoNDA by SimpleDocs

Collateral Assignment of Leases and Rents. A first priority collateral assignment of leases and rents (individually and collectively, the “Assignment of Leases and Rents”) granted by each Borrowing Base Property Owner to the Administrative Agent, for the ratable benefit of the Lenders, with respect to all Leases of each Collateral Property and all income and profits to be derived from the operation and leasing of each Collateral Property.Property in substantially the form of Exhibit L.

Appears in 3 contracts

Samples: Loan Agreement (Cedar Realty Trust, Inc.), Loan Agreement (Cedar Shopping Centers Inc), Loan Agreement (Cedar Shopping Centers Inc)

Collateral Assignment of Leases and Rents. A first priority collateral assignment of leases and rents (individually and collectively, the “Assignment of Leases and Rents”) granted by each Borrowing Base Property Owner to the Administrative Agent, for the ratable benefit of the Lenders, Lender with respect to Borrower’s right, title, and interest in and to all Leases leases, subleases and occupancy rights of each Collateral the Property and all income and profits to be derived from the operation and leasing of each Collateral the Property.

Appears in 1 contract

Samples: Term Loan Agreement (Sonesta International Hotels Corp)

Collateral Assignment of Leases and Rents. A first priority collateral assignment of leases and rents (individually and collectively, the “"Assignment of Leases and Rents") granted by each Borrowing Base Property Owner to the Administrative Agent, for the ratable benefit Agent on behalf of the Lenders, with respect to all Leases leases, subleases and occupancy rights of each Collateral the Property and all income and profits to be derived from the operation and leasing of each Collateral the Property.

Appears in 1 contract

Samples: Senior Loan Agreement (NNN 2002 Value Fund LLC)

Collateral Assignment of Leases and Rents. A first priority collateral assignment of leases and rents (individually and collectively, the “Assignment of Leases and Rents”) granted by each Borrowing Base Property Owner to the Administrative Agent, for the ratable benefit of the Lenders, with respect to all Leases leases, subleases and occupancy rights of each Collateral the Property and all income and profits to be derived from the operation and leasing of each Collateral the Property.

Appears in 1 contract

Samples: Loan Agreement (Unitil Corp)

Collateral Assignment of Leases and Rents. A first priority collateral assignment of leases and rents (individually and collectively, the “Assignment of Leases and Rents”) granted by each Borrowing Base Property Owner to the Administrative Agent, for the ratable benefit of the Lenders, with respect to all Leases leases of each Collateral the Property and all income and profits to be derived from the operation and leasing of each Collateral the Property.

Appears in 1 contract

Samples: Loan Agreement (Clarion Partners Property Trust Inc.)

Collateral Assignment of Leases and Rents. A first priority collateral assignment of leases and rents (individually singly and collectively, the "Assignment of Leases and Rents") granted by each Borrowing Base Collateral Property Owner to the Administrative Agent, for the ratable benefit on behalf of the Lenders, with respect to all Leases of each Collateral Property and all income and profits to be derived from the operation and leasing of each Collateral Property.

Appears in 1 contract

Samples: Loan Agreement (Shelbourne Properties I Inc)

AutoNDA by SimpleDocs

Collateral Assignment of Leases and Rents. A first priority collateral assignment of leases and rents (individually and collectively, the "Assignment of Leases and Rents") granted by each Borrowing Base Property Owner to the Administrative Agent, for the ratable benefit on behalf of the Lenders, with respect to all Leases of each Collateral Property and all income and profits to be derived from the operation and leasing of each Collateral Property.

Appears in 1 contract

Samples: Loan Agreement (Kramont Realty Trust)

Collateral Assignment of Leases and Rents. A first priority collateral assignment of leases and rents (individually and collectively, the "Assignment of Leases and Rents") granted by each Borrowing Base Property Owner to the Administrative Agent, for the ratable benefit of the Lenders, with respect to all Leases of each Collateral Property and all income and profits to be derived from the operation and leasing of each Collateral Property.

Appears in 1 contract

Samples: Loan Agreement (Cedar Shopping Centers Inc)

Collateral Assignment of Leases and Rents. A first priority collateral assignment of leases and rents (individually and collectively, the “Assignment of Leases and Rents”) granted by each Borrowing Base Property Owner to the Administrative Agent, for the ratable benefit Agent on behalf of the Lenders, with respect to each Borrower’s interest in all Leases leases, subleases and occupancy rights of each Collateral the Property and all income and profits to be derived from the operation and leasing of each Collateral the Property.

Appears in 1 contract

Samples: Loan Agreement (STAG Industrial, Inc.)

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