Common use of Collateral Assignment of Leases Clause in Contracts

Collateral Assignment of Leases. To further secure the prompt payment and performance of all Obligations, each Borrower hereby collaterally assigns to Agent all of such Borrower’s right, title and interest in, to and under all now or hereafter existing leases of Real Estate to which such Borrower is lessor (as a fee owner of such Real Estate), and all extensions, renewals, modifications and proceeds thereof, except to the extent such interest constitutes an Excluded Asset.

Collateral Assignment of Leases. To further secure the prompt payment and performance of all Obligations (other than Obligations in respect of Revolver Loans and LC Obligations), each Borrower hereby collaterally assigns to Agent all of such Borrower’s right, title and interest in, to and under all now or hereafter existing leases of Real Estate to which such Borrower is lessor (as a fee owner of such Real Estate), and all extensions, renewals, modifications and proceeds thereof, except to the extent such interest constitutes an Excluded Asset.

Collateral Assignment of Leases. To further secure the prompt payment and performance of all Obligations (other than Obligations in respect of Revolver Loans and LC Obligations), each Borrower hereby collaterally assigns to Agent all of such Borrower’s Xxxxxxxx's right, title and interest in, to and under all now or hereafter existing leases of Real Estate to which such Borrower is lessor (as a fee owner of such Real Estate), and all extensions, renewals, modifications and proceeds thereof, except to the extent such interest constitutes an Excluded Asset.

Collateral Assignment of Leases. To further secure the prompt payment and performance of all Obligations (other than Obligations in respect of Revolver Loans and LC Obligations), each Borrower hereby collaterally assigns to Agent all of such BorrowerXxxxxxxx’s right, title and interest in, to and under all now or hereafter existing leases of Real Estate to which such Borrower is lessor (as a fee owner of such Real Estate), and all extensions, renewals, modifications and proceeds thereof, except to the extent such interest constitutes an Excluded Asset.