Common use of Collateral Assignments Clause in Contracts

Collateral Assignments. Tenant shall have the absolute right in its sole and exclusive discretion, without obtaining the consent of Owner, to finance, mortgage, encumber, hypothecate, pledge or transfer any and all of the rights granted hereunder, including the easements granted in Section 2, and/or any or all rights or interests of Tenant in the Property or in any or all of the Solar Facilities. However, it is Xxxxxx ’s expense and obligation not to interfere with existing Owner mortgage recorded in the County real estate records, without first obtaining any required consent or waiver.

Collateral Assignments. Tenant shall have the absolute right in its sole and exclusive discretion, without obtaining the consent of Owner, to finance, mortgage, encumber, hypothecate, pledge or transfer any and all of the rights granted hereunder, including the easements granted in Section 2, and/or any or all rights or interests of Tenant in the Property or in any or all of the Solar Facilities. However, it is Xxxxxx Tenant ’s expense and obligation not to interfere with existing Owner mortgage recorded in the County real estate records, without first obtaining any required consent or waiver.