Covenants Regarding Leases. Borrower (i) shall observe and perform all the obligations imposed upon the lessor under each Lease in all material respects, and shall not do or permit to be done anything to impair the value of any Lease as security for the Obligations; (ii) upon request (which request is hereby deemed given with respect to any “Major Lease”, as defined below), shall promptly send copies to Lender of all notices of default which Borrower shall send or receive thereunder; (iii) shall enforce all of the material terms, covenants and conditions contained in each Lease upon the part of the Tenant thereunder to be observed or performed, (iv) shall not collect any of the Rents more than one (1) month in advance (it being acknowledged that security deposits shall not be deemed Rents collected in advance); (v) shall not execute any other assignment of the lessor’s interest in any of the Leases or the Rents and Profits (other than to Lender as security for the Obligations); and (vi) shall not consent to any assignment of or subletting under any Lease not in accordance with the terms of such Lease, in each case without the prior written consent of Lender. Within 30 days after Lender’s request therefor (which request shall not be made more than the lesser of twice in any calendar year absent an Event of Default or the maximum number of estoppel certificates the Tenant under the Lease is required to provide), Borrower shall deliver to Lender an estoppel certificate from each Tenant to the extent Borrower can require Tenant to deliver such estoppel certificates.
Covenants Regarding Leases. Grantor shall not, without the prior written consent of Beneficiary obtained in each instance:
Covenants Regarding Leases. Mortgagor shall not, without the prior written consent of Mortgagee obtained in each instance:
Covenants Regarding Leases. With respect to the Leases from time to time or at any time existing, Mortgagor shall (i) appear in and defend any action or proceeding arising under, occurring out of, or in any manner connected with, the Leases, (ii) not receive or collect any Rents from any of the Leases for a period of more than one (1) month in advance, (iii) not waive, discount, set-off, compromise, or in any manner release or discharge any lessee, of and from any obligations, covenants, conditions and agreements by such lessee under its Lease, (iv) not terminate or consent to any surrender of any Lease, or modify or in any way alter the terms thereof, without the prior written consent of Mortgagee, and shall use all reasonable efforts to maintain each of the Leases in full force and effect during the term of this Mortgage, (v) not subordinate any Lease to any mortgage or other encumbrance (other than the lien of this Mortgage), and (vi) shall (A) obtain Mortgagee's approval as to the form and substance of each Lease or amendment thereto, (B) deliver to Mortgagee, true and complete copies of the Leases and any amendments thereto, (C) not enter into any oral leases or any side agreements with respect to a Lease with any Lessee, except upon notice to and approval in writing by Mortgagee, (D) not execute any Lease except for actual occupancy by the lessee thereunder, and (E) from time to time upon request of Mortgagee, furnish to Mortgagee a written certification signed by Xxxxxxxxx describing all then existing Leases and the names of the tenants and Rents payable thereunder.
Covenants Regarding Leases. Borrower agrees:
Covenants Regarding Leases. Trustor agrees:
Covenants Regarding Leases. Assignor covenants it will not, without the prior written consent of Assignee obtained in each instance:
Covenants Regarding Leases. Borrower shall cause Property Owner to not, without the prior written consent of Lender obtained in each instance:
Covenants Regarding Leases. (a) The Leases are valid and subsisting leases, are in full force and effect in accordance with the terms thereof and have not been modified except as herein set forth. All of the rents and other charges payable under the Leases prior to the execution hereof have been paid, all of the terms, conditions and agreements contained in the Leases have been performed and no default exists under the Leases. This Deed of Trust is lawfully executed and delivered in conformity with the Leases and is, and will be kept, a valid lien on the interests of the Grantor therein.
Covenants Regarding Leases. (I) All future Leases, amendments, modifications, renewals and terminations shall be subject to Beneficiary's approval.
