Notice to Lessees. Borrower hereby authorizes and directs the lessees named in the Leases or any other future lessees or occupants of the Property and all Lease Guarantors to pay over to Lender or to such other party as Lender directs all Rents and all sums due under any Lease Guaranties upon receipt from Lender of written notice to the effect that Lender is then the holder of this Assignment and that an Event of Default (as defined in the Loan Agreement) exists, and to continue so to do until otherwise notified by Lender.
Appears in 19 contracts
Samples: Assignment of Leases and Rents (Glimcher Realty Trust), Assignment of Leases and Rents (Taubman Centers Inc), Assignment of Leases and Rents (Behringer Harvard Reit I Inc)
Notice to Lessees. Borrower hereby authorizes agrees to authorize and directs direct the lessees named in the Leases or any other or future lessees or occupants of the Property and all Lease Guarantors to pay over to Lender or to such other party as Lender directs all Rents and all sums due under any Lease Guaranties upon receipt from Lender of written notice to the effect that Lender is then the holder of this Assignment the Security Instrument and that an Event of a Default (as defined in the Loan Agreementbelow) exists, and to continue so to do until otherwise notified by Lender.
Appears in 3 contracts
Samples: Mortgage and Security Agreement (Paladin Realty Income Properties Inc), Assignment of Leases and Rents (Secured Investment Resources Fund Lp Ii), Loan Agreement (Sl Green Realty Corp)
Notice to Lessees. Borrower hereby authorizes agrees to authorize and directs direct the lessees named in the Leases or any other or future lessees or occupants of the Property and all Lease Guarantors to pay over to Lender or to such other party as Lender directs all Rents and all sums due under any Lease Guaranties upon receipt from Lender of written notice to the effect that Lender is then the holder of this Assignment the Security Instrument and that an Event of a Default (as defined in the Loan Agreement) exists, and to continue so to do until otherwise notified by Lender.
Appears in 2 contracts
Samples: Assignment of Leases and Rents (NNN Healthcare/Office REIT, Inc.), Assignment of Leases and Rents (NNN Healthcare/Office REIT, Inc.)
Notice to Lessees. Borrower hereby authorizes agrees to authorize and directs direct the lessees named in the Leases or any other or future lessees or occupants of the Property and all Lease Guarantors to pay over to Lender or to such other party as Lender directs all Rents and all sums due under any Lease Guaranties upon receipt from Lender of written notice to the effect that Lender Xxxxxx is then the holder of this Assignment the Security Instrument and that an Event of a Default (as defined in the Loan Agreement) exists, and to continue so to do until otherwise notified by LenderXxxxxx.
Appears in 1 contract
Samples: Assignment of Leases and Rents (NNN Healthcare/Office REIT, Inc.)
Notice to Lessees. Borrower hereby authorizes and directs the lessees named in the Leases or any other future lessees or occupants of the Property and all Lease Guarantors to pay over to Lender or to such other party as Lender directs all Rents and all sums due under or arising from any Lease Guaranties Assigned Property upon receipt from Lender of written notice to the effect that Lender is then the holder of this Assignment and that an Event of Default (as defined in the Loan Agreement) exists, and to continue so to do until otherwise notified by Lender.
Appears in 1 contract
Samples: Assignment of Leases and Rents (Cedar Shopping Centers Inc)
Notice to Lessees. Borrower hereby authorizes agrees to authorize and directs direct the lessees named in the Leases or any other or future lessees or occupants of the Property and all Lease Guarantors to pay over to Lender or to such other party as Lender directs all Rents and all sums due under any Lease Guaranties upon receipt from Lender of written notice to the effect that Lender is then the holder of this Assignment the Mortgage(s) and that an Event of Default (as defined in the Loan Agreement) exists, and to continue so to do until otherwise notified by Lender.
Appears in 1 contract
Samples: Loan Agreement
Notice to Lessees. Borrower Assignor hereby authorizes agrees to authorize and directs direct the lessees named in the Leases or any other or future lessees or occupants of the Property and all Lease Guarantors to pay over to Lender or to such other party as Lender directs all Rents and all sums due under any Lease Guaranties in accordance with the Loan Agreement or upon receipt from Lender of written notice to the effect that Lender is then the holder of this Assignment the Security Instruments and that an Event of a Default (as defined in the Loan Agreementbelow) exists, and to continue so to do until otherwise notified by Lender.
Appears in 1 contract
