We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of Direction to Pay Clause in Contracts

Direction to Pay. Landlord hereby directs Tenant and Tenant agrees to make all payments of amounts owed by Tenant under the Lease directly to Mortgagee from and after receipt by Tenant of notice from Mortgagee directing Tenant to make such payments to Mortgagee. (As between Landlord and Mortgagee, the foregoing provision shall not be construed to modify any rights of Landlord under or any provisions of the Mortgage or any other instrument securing the Note).

Appears in 8 contracts

Samples: Assignment and Assumption Agreement (Icoria, Inc.), Lease Agreement (Memory Pharmaceuticals Corp), Lease Agreement (Paradigm Genetics Inc)

Direction to Pay. Landlord hereby directs Tenant and Tenant agrees to make all payments of amounts owed by Tenant under the Lease directly to Mortgagee from and after receipt by Tenant of notice from Mortgagee directing Tenant to make such payments to Mortgagee. (As between Landlord and Mortgagee, the foregoing provision shall not be construed to modify any rights of Landlord under or any provisions of the Mortgage or any other instrument securing the Note).

Appears in 3 contracts

Samples: Lease Agreement (Omeros Corp), Lease Agreement (Acusphere Inc), Lease Agreement (Acusphere Inc)

Direction to Pay. Landlord hereby directs Tenant and Tenant agrees to ---------------- make all payments of amounts owed by Tenant under the Lease directly to Mortgagee from and after receipt by Tenant of notice from Mortgagee directing Tenant to make such payments to Mortgagee. (As between Landlord and Mortgagee, the foregoing provision shall not be construed to modify any rights of Landlord under or any provisions of the Mortgage or any other instrument securing the Note).

Appears in 1 contract

Samples: Lease Agreement (Paradigm Genetics Inc)