Entering Into and Assignment Clause Samples

Entering Into and Assignment. Mortgagor hereby warrants and represents to Mortgagee that there are no leases, rental agreements, or any other kinds of agreements, other than the Operating Agreement (as defined in the Note Agreements) and except for such agreements identified as Exhibit B hereto as Permitted Encumbrances, (collectively, "Leases") granting any rights to tenants or any other person or entity, presently in effect with respect to the Premises, nor are any such Leases or similar agreements contemplated. Mortgagor hereby covenants and agrees with Mortgagee that Mortgagor will not enter into or modify any Leases or similar agreements affecting the Premises, or any portions thereof, without the prior written consent of Mortgagee. In the event Mortgagor with the consent of Mortgagee enters into any such leases or agreements, Mortgagor shall execute and deliver unto Mortgagee such assignments thereof, and the rentals coming due thereunder as Mortgagee may require, in form and substance satisfactory to Mortgagee.