Common use of Payment of Rent to Lender Clause in Contracts

Payment of Rent to Lender. Tenant acknowledges that it has notice that the Lease and the rent and all sums due thereunder have been assigned to Lender as part of the security for the obligations secured by the Mortgage. In the event Xxxxxx notifies Tenant of a default under the Loan and demands that Tenant pay its rent and all other sums due under the Lease to Lender, Xxxxxx agrees that it will honor such demand and pay its rent and all other sums due under the Lease to Lender, or Xxxxxx’s designated agent, until otherwise notified in writing by Xxxxxx. Landlord unconditionally authorizes and directs Tenant to make rent payments directly to Lender following receipt of such notice without any obligation to further inquire as to whether or not any default exists under the Mortgage or the Assignment and that Landlord shall have no right or claim against Tenant for or by reason of any payments of rent or other charges made by Tenant .to Lender following receipt of such notice. Tenant shall be entitled to full credit under the Lease for any rent paid to Lender in compliance with the foregoing to the same extent as if such rent were paid directly to landlord under the Lease.

Payment of Rent to Lender. Tenant acknowledges that it has notice that the Lease and the rent and all sums due thereunder have been assigned to Lender as part of the security for the obligations Obligations secured by the MortgageDeed of Trust. In the event Xxxxxx Lender notifies Tenant of a default under tinder the Loan and demands that Tenant pay its rent and all other sums due under the Lease to Lender, Xxxxxx Tenant agrees that it will honor such demand and pay its rent and all other sums due under the Lease to Lender, or Xxxxxx’s Lender's designated agent, until otherwise notified in writing by XxxxxxLender. Landlord Borrower unconditionally authorizes and directs Tenant to make rent rental payments directly to Lender following receipt of such notice and further agrees that Tenant may rely upon such notice without any obligation to further inquire as to whether or not any default exists under the Mortgage or Deed of Trust, and the Assignment and that Landlord Borrower shall have no right or claim against Tenant for or by reason of any payments of rent or other charges made by Tenant .to to Lender following receipt of such notice. Tenant shall be entitled to full credit under the Lease for any rent paid to Lender in compliance with the foregoing to the same extent as if such rent were paid directly to landlord under the Lease.

Payment of Rent to Lender. Tenant acknowledges that it has notice that the Lease and the rent and all sums due thereunder have been assigned to Lender as part of the security for the obligations secured by the MortgageDeed of Trust. In the event Xxxxxx Lender notifies Tenant of a default under the Loan and demands that Tenant pay its rent and all other sums due under the Lease to Lender, Xxxxxx Tenant agrees that it will honor such demand and pay its rent and all other sums due under the Lease to Lender, or Xxxxxx’s Lender's designated agent, until otherwise notified in writing by XxxxxxLender. Landlord Borrower unconditionally authorizes and directs Tenant to make rent rental payments directly to Lender following receipt of such notice and further agrees that Tenant may rely upon such notice without any obligation to further inquire as to whether or not any default exists under the Mortgage Deed of Trust or the Assignment Assignment, and that Landlord Borrower shall have no right or claim against Tenant for or by reason of any payments of rent or other charges made by Tenant .to to Lender following receipt of such notice. Tenant shall be entitled to full credit under the Lease for any rent paid to Lender in compliance with the foregoing to the same extent as if such rent were paid directly to landlord under the Lease.

Payment of Rent to Lender. Tenant acknowledges that it has notice that the Lease and the rent and all sums due thereunder have been assigned to Lender as part of the security for the obligations Obligations secured by the Mortgage. In the event Xxxxxx Lender notifies Tenant of a default under the Loan and demands that Tenant pay its rent and all other sums due under the Lease to Lender, Xxxxxx Tenant agrees that it will honor such demand and pay its rent and all other sums due under the Lease to Lender, or XxxxxxLender’s designated agent, until otherwise notified in writing by XxxxxxLender. Landlord Borrower unconditionally authorizes and directs Tenant to make rent rental payments directly to Lender following receipt of such notice and further agrees that Tenant may rely upon such notice without any obligation to further inquire as to whether or not any default exists under the Mortgage or the Assignment Assignment, and that Landlord Borrower shall have no right or claim against Tenant for or by reason of any payments of rent or other charges made by Tenant .to to Lender following receipt of such notice. Tenant shall be entitled to full credit under the Lease for any rent paid to Lender in compliance with the foregoing to the same extent as if such rent were paid directly to landlord under the Lease.

Payment of Rent to Lender. Tenant acknowledges that it has notice that the Lease and the rent and all sums due thereunder have been assigned to Lender as part of the security for the obligations Obligations secured by the Mortgage. In the event Xxxxxx notifies Tenant of a default under the Loan and demands that Tenant pay its rent and all other sums due under the Lease to Lender, Xxxxxx agrees that it will honor such demand and pay its rent and all other sums due under the Lease to Lender, or Xxxxxx’s 's designated agent, until otherwise notified in writing by Xxxxxx. Landlord Borrower unconditionally authorizes and directs Tenant to make rent rental payments directly to Lender following receipt of such notice and further agrees that Tenant may rely upon such notice without any obligation to further inquire as to whether or not any default exists under the Mortgage or the Assignment Assignment, and that Landlord Borrower shall have no right or claim against Tenant for or by reason of any payments of rent or other charges made by Tenant .to to Lender following receipt of such notice. Tenant shall be entitled to full credit under the Lease for any rent paid to Lender in compliance with the foregoing to the same extent as if such rent were paid directly to landlord under the Lease.

Payment of Rent to Lender. Tenant acknowledges that it has notice that the Lease and the rent and all sums due thereunder have been assigned to Lender as part of the security for the obligations secured by the Mortgage. In the event Xxxxxx Lender notifies Tenant of a default under the Loan and demands that Tenant pay its rent and all other sums due under the Lease to Lender, Xxxxxx agrees that it will honor such demand and pay its rent and all other sums due under the Lease to Lender, or Xxxxxx’s designated agent, until otherwise notified in writing by Xxxxxx. Landlord unconditionally authorizes and directs Tenant to make rent payments directly to Lender following receipt of such notice without any obligation to further inquire as to whether or not any default exists under the Mortgage or the Assignment and that Landlord shall have no right or claim against Tenant for or by reason of any payments of rent or other charges made by Tenant .to to Lender following receipt of such notice. Tenant shall be entitled to full credit under the Lease for any rent paid to Lender in compliance with the foregoing to the same extent as if such rent were paid directly to landlord under the Lease.