Common use of RENTS, ANNUITIES AND REVENUES COLLECTION Clause in Contracts

RENTS, ANNUITIES AND REVENUES COLLECTION. The Trustee hereby authorizes the Grantor to collect all rents, annuities and revenues which are rental income; however, the Grantor shall not collect in advance more than one month of rent (other than as a security deposit) nor shall it renounce to the payment of any rent. Such authorization may be revoked at any time by the Trustee in accordance with what is provided for by law; in such a case, the Trustee may exercise as it deems appropriate, to the exclusion of the Grantor, all rights, claims, privileges and hypothecs (legal or conventional) of the Grantor in order to maintain, renew, grant or terminate any lease, and to further protect or collect rents, annuities and revenues from the Immovables.