Common use of Covenants, Representations and Warranties Concerning Leases and Rents Clause in Contracts

Covenants, Representations and Warranties Concerning Leases and Rents. Grantor covenants, represents and warrants that: (i) Grantor has good title to, and is the owner of the entire lessor’s interest in, the Leases and Rents (if any) hereby assigned and has the authority to assign them; (ii) all Leases (if any) are valid and enforceable, and in full force and effect, and are unmodified except as stated therein; (iii) unless otherwise stated in a Permitted Encumbrance, no Rents or Leases have been or will be assigned, mortgaged, pledged or otherwise encumbered and no other person has or will acquire any right, title or interest in such Rents or Leases; (iv) no Rents have been waived, released, discounted, set off or compromised in any material respect; (v) except as stated in the Leases, Grantor has not received any material amount of funds or deposits from any tenant for which credit has not already been made on account of accrued Rents;

Appears in 1 contract

Samples: Deed of Trust, Security Agreement, Fixture Filing and Assignment of Leases and Rents (Green Plains Renewable Energy, Inc.)

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Covenants, Representations and Warranties Concerning Leases and Rents. Grantor covenants, represents and warrants that: (i) Grantor has good title to, and is the owner of the entire lessor’s landlord's interest in, the Leases and Rents (if any) hereby assigned and has the authority to assign them; (ii) to the best of Grantor's knowledge, all Leases (if any) are valid and enforceable, and in full force and effect, and are unmodified except as stated therein; (iii) unless otherwise stated in a Permitted Encumbrance, no Rents or Leases have been or will be assigned, mortgaged, pledged or otherwise encumbered and no other person has or will acquire any right, title or interest in such Rents or Leases; (iv) no Rents have been waived, released, discounted, set off or compromised in any material respect; (v) except as stated in the Leases, Grantor has not received any material amount of funds funds, deposits or deposits Rents from any tenant or subtenant more than one (1) month in advance or for which credit has not already been made on account of accrued Rents;; (

Appears in 1 contract

Samples: Deed of Trust, Assignment, Security Agreement and Financing Statement (Triathlon Broadcasting Co)

Covenants, Representations and Warranties Concerning Leases and Rents. Grantor covenants, represents and warrants that: (i) Grantor has good title to, and is the owner of the entire lessor’s landlord's interest in, the Leases and Rents (if any) hereby assigned and has the authority to assign them; (ii) all Leases (if any) are valid and enforceable, and in full force and effect, and are unmodified except as stated therein; (iii) unless otherwise stated in a Permitted Encumbrance, no Rents or Leases have been or will be assigned, mortgaged, pledged or otherwise encumbered and no other person has or will acquire any right, title or interest in such Rents or Leases; (iv) no Rents have been waived, released, discounted, set off or compromised in any material respectcompromised; (v) except as stated in the Leases, Grantor has not received any material amount of funds or deposits from any tenant for which credit has not already been made on account of accrued Rents;

Appears in 1 contract

Samples: Credit Agreement (Lubys Inc)

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Covenants, Representations and Warranties Concerning Leases and Rents. Grantor Mortgagor covenants, represents and warrants that: (i) Grantor Mortgagor has good title to, and is the owner of the entire lessor’s interest in, the Leases and Rents (if any) hereby assigned and has the authority to assign them; (ii) all Leases (if any) are valid and enforceable, and in full force and effect, and are unmodified except as stated therein; (iii) unless otherwise stated in a Permitted Encumbrance, no Rents or Leases have been or will be assigned, mortgaged, pledged or otherwise encumbered and no other person has or will acquire any right, title or interest in such Rents or Leases; (iv) no Rents have been waived, released, discounted, set off or compromised in any material respect; (v) except as stated in the Leases, Grantor has not received any material amount of funds or deposits from any tenant for which credit has not already been made on account of accrued Rents;)

Appears in 1 contract

Samples: Mortgage, Security Agreement, Fixture Filing and Assignment of Leases and Rents (Green Plains Renewable Energy, Inc.)

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