Common use of Form of Lease Contracts Clause in Contracts

Form of Lease Contracts. All Lease Contracts will be (a) in a form prescribed by Xxxxx for use by its franchisees and the franchisees of HomeSmart, (b) be transferable to Bank and (c) contain the following provision: “The undersigned consents to the transfer of, or grant of a security interest in, any or all of the Lessor’s right, title and interest (residual or otherwise) in and under this Agreement to any third party. No such transfer, grant of security interest or enforcement of security interest will affect the undersigned’s lease obligations, change any duties of, or increase any burdens or risks imposed on, the parties to this Agreement. All rights and remedies of the undersigned provided under Section 2A-303 of the Uniform Commercial Code, as adopted in the applicable jurisdiction, are waived .” Immediately upon execution of the same, all Lease Contracts shall be hereby assigned to Bank, and, immediately upon Bank’s request, delivered to Bank together with any and all related documents, and will contain, by way of a stamp or as a part of the preprinted lease contract, the following legend directly below Borrower’s customer’s signature: “FOR VALUE RECEIVED, THIS AGREEMENT HAS BEEN ASSIGNED TO SUNTRUST BANK AS COLLATERAL SECURITY AND THERE ARE NO DEFENSES AGAINST THE ASSIGNEE.” Borrower will not assign, sell, pledge, convey or by any other means transfer to any person other than Bank any Lease Contracts or Chattel Paper, without Bank’s prior written consent.

Form of Lease Contracts. All Lease Contracts will be (a) in a form prescribed by Xxxxx Axxxx for use by its franchisees and the franchisees of HomeSmart, (b) be transferable to Bank and (c) contain the following provision: “The undersigned consents to the transfer of, or grant of a security interest in, any or all of the Lessor’s right, title and interest (residual or otherwise) in and under this Agreement to any third party. No such transfer, grant of security interest or enforcement of security interest will affect the undersigned’s lease obligations, change any duties of, or increase any burdens or risks imposed on, the parties to this Agreement. All rights and remedies of the undersigned provided under Section 2A-303 of the Uniform Commercial Code, as adopted in the applicable jurisdiction, are waived ...” Immediately upon execution of the same, all Lease Contracts shall be hereby assigned to Bank, and, immediately upon Bank’s request, delivered to Bank together with any and all related documents, and will contain, by way of a stamp or as a part of the preprinted lease contract, the following legend directly below Borrower’s customer’s signature: “FOR VALUE RECEIVED, THIS AGREEMENT HAS BEEN ASSIGNED TO SUNTRUST BANK AS COLLATERAL SECURITY AND THERE ARE NO DEFENSES AGAINST THE ASSIGNEE.” Borrower will not assign, sell, pledge, convey or by any other means transfer to any person other than Bank any Lease Contracts or Chattel Paper, without Bank’s prior written consent.

Form of Lease Contracts. All Lease Contracts will be (ai) in a form prescribed by Xxxxx for use by its franchisees and the franchisees of HomeSmartfranchisees, (bii) be transferable to Bank and (ciii) contain the following provision: “The undersigned consents to the transfer of, or grant of a security interest in, any or all of the Lessor’s right, title and interest (residual or otherwise) in and under this Agreement to any third party. No such transfer, grant of security interest or enforcement of security interest will (a) affect the undersigned’s lease obligations, obligations or (b) change any duties of, or increase any burdens or risks imposed on, the parties to this Agreement. All rights and remedies of the undersigned provided under Section 2A-303 of the Uniform Commercial Code, as adopted in the applicable jurisdiction, are waived agreement.” Immediately upon execution of the same, all Lease Contracts shall be hereby assigned to Bank, and, immediately upon Bank’s request, delivered to Bank together with any and all related documents, and will contain, by way of a stamp or as a part of the preprinted lease contract, the following legend directly below Borrower’s customer’s signature: “FOR VALUE RECEIVED, THIS AGREEMENT HAS BEEN ASSIGNED TO SUNTRUST BANK AS COLLATERAL SECURITY AND THERE ARE NO DEFENSES AGAINST THE ASSIGNEE.” Borrower will not assign, sell, pledge, convey or by any other means transfer to any person other than Bank any Lease Contracts or Chattel Paper, without Bank’s prior written consent.

Form of Lease Contracts. All Lease Contracts will be (ai) in a form prescribed by Xxxxx Axxxx for use by its franchisees and the franchisees of HomeSmartfranchisees, (bii) be transferable to Bank and (ciii) contain the following provision: “The undersigned consents to the transfer of, or grant of a security interest in, any or all of the Lessor’s right, title and interest (residual or otherwise) in and under this Agreement to any third party. No such transfer, grant of security interest or enforcement of security interest will (a) affect the undersigned’s lease obligations, obligations or (b) change any duties of, or increase any burdens or risks imposed on, the parties to this Agreement. All rights and remedies of the undersigned provided under Section 2A-303 of the Uniform Commercial Code, as adopted in the applicable jurisdiction, are waived agreement.” Immediately upon execution of the same, all Lease Contracts shall be hereby assigned to Bank, and, immediately upon Bank’s request, delivered to Bank together with any and all related documents, and will contain, by way of a stamp or as a part of the preprinted lease contract, the following legend directly below Borrower’s customer’s signature: “FOR VALUE RECEIVED, THIS AGREEMENT HAS BEEN ASSIGNED TO SUNTRUST BANK AS COLLATERAL SECURITY AND THERE ARE NO DEFENSES AGAINST THE ASSIGNEE.” Borrower will not assign, sell, pledge, convey or by any other means transfer to any person other than Bank any Lease Contracts or Chattel Paper, without Bank’s prior written consent.