Common use of Covenants of Lender Clause in Contracts

Covenants of Lender. Lender, by its acceptance of this Assignment, hereby covenants and agrees with Borrower as follows: (a) Although this Assignment constitutes a present and current assignment of all rents, issues and profits from the Premises, so long as there shall exist no Default, Lender shall not demand that such rents, issues and profits be paid directly to Lender, and Borrower shall have the right to collect, but no more than one (1) month prior to accrual, all such rents, issues and profits from the Premises (including, but not by way of limitation, all rental payments under the Leases); and (b) Upon the payment in full of the Indebtedness, as evidenced by the recording or filing of an instrument of satisfaction or full release of the Security Instrument without the recording of another security instrument in favor of Lender affecting the Premises, this Assignment shall be terminated and released of record by Lender and shall thereupon be of no further force or effect.

Covenants of Lender. Lender, by its acceptance of this Assignment, hereby covenants and agrees with Borrower as Borrxxxx xx follows: (a) Although this Assignment constitutes a present and current assignment of all rents, issues and profits from the Premises, so long as there shall exist no Default, Lender shall not demand that such rents, issues and profits be paid directly to Lender, and Borrower shall have the right to collect, but no more than one (1) month prior to accrual, all such rents, issues and profits from the Premises (including, but not by way of limitation, all rental payments under the Leases); and (b) Upon the payment in full of the Indebtedness, as evidenced by the recording or filing of an instrument of satisfaction or full release of the Security Instrument without the recording of another security instrument in favor of Lender affecting the Premises, this Assignment shall be terminated and released of record by Lender and Lendxx xxx shall thereupon be of no further force or effect.

Covenants of Lender. Lender, by its acceptance of this Assignment, Lender hereby covenants and agrees with Borrower as follows: (a) Although this Assignment constitutes a present and current assignment of all rents, issues and profits from the Premises, so long as there shall exist no Event of Default, as defined in Paragraph 2.01 below, on the part of Borrower, Lender shall not demand that such rents, issues and profits be paid directly to Lender, and Borrower shall have the right to collect, but no not more than one (1) month prior to accrual, all such rents, issues and profits from the Premises (including, but not by way of limitation, all rental payments under the Leases); and (b) Upon the payment in full of the Indebtedness, as evidenced by the recording or filing of an instrument of satisfaction or full release of the Security Instrument Deed without the recording of another security instrument Security Deed in favor of Lender affecting the Premises, this Assignment shall be terminated and released of record by Lender and shall thereupon be of no further force or and effect.

Covenants of Lender. Lender, by its acceptance of this Assignment, Xxxxxx hereby covenants and agrees with Borrower Assignors as follows: (a) Although this Assignment constitutes a present and current assignment of all rents, issues and profits from the Premises, so long as there shall exist no Event of Default, as defined in Paragraph 4, below, on the part of Assignors, Lender shall not demand that such rents, issues and profits be paid directly to Lender, and Borrower Assignors shall have the right to collect, but no not more than one (1) month prior to accrual, all such rents, issues and profits from the Premises (including, but not by way of limitation, all rental payments under the Leases); and (b) Upon the payment in full of the Indebtedness, as evidenced by the recording or filing of an instrument of satisfaction or full release of the Security Instrument without the recording of another security instrument in favor of Lender affecting the Premises, this Assignment shall be terminated and released of record by Lender Xxxxxx and shall thereupon be of no further force or effect.

Covenants of Lender. Lender, by its acceptance of this Assignment, Xxxxxx hereby covenants and agrees with Borrower Xxxxxxxx as follows: (a) Although this Assignment constitutes a present present, current and current absolute assignment of all Leases and all rents, issues and profits from the PremisesProperty, so long as there shall exist no DefaultEvent of Default has occurred and is continuing, Lender shall not demand that such rents, issues and profits be paid directly to Lender, and Borrower shall have the right to collect, but no not more than one (1) month prior to accrualaccrual but excluding last month’s rent and security deposit, all such rents, issues and profits from the Premises Property (including, but not by way of limitation, all rental payments rents payable under the Leases); , and (b) Upon the full and final payment in full of the IndebtednessObligations, as evidenced by the recording or filing of an instrument of satisfaction or full release of the Security Instrument Mortgage without the recording of another security instrument mortgage in favor of Lender affecting the Premisesany Property, this Assignment shall be terminated and released of record by Lender Xxxxxx and shall thereupon be of no further force or effect.

Covenants of Lender. Lender, by its acceptance of this Assignment, hereby covenants and agrees with Borrower as follows: (a) Although this Assignment constitutes a present and current assignment of all rents, issues and profits from the Premises, so long as there shall exist no Default, Lender shall not demand that such rents, issues and profits be paid directly to Lender, and Borrower shall have the right to collect, but no more than one (1) month prior to accrual, all such rents, issues and profits from the Premises (including, but not by way of limitation, all rental payments under the Leases); and (b) Upon the payment in full of the Indebtedness, as evidenced by the recording or filing of an instrument of satisfaction or full release of the Security Instrument without the recording of another security instrument in favor of Lender affecting the Premises, this Assignment shall be terminated and released of record by Lender and shall thereupon be of no further force or effect; and (c) Lender acknowledges that at the time of execution of this Assignment, no Leases have been executed for the Premises.