RIDER TO MASTER TENANT SECURITY AGREEMENT Sample Clauses

RIDER TO MASTER TENANT SECURITY AGREEMENT. A. Notwithstanding any provision in the Supplemental Master Tenant Security Agreement (the “Agreement”) to the contrary, upon the occurrence of an Event of Default under the Loan Documents, provided that (i) Master Tenant is not in violation of any Master Tenant Documents or this Agreement, (ii) Master Tenant’s master lease payments continue to be made to the satisfaction of Lender; (iii) Master Tenant is not in violation of any provision of the Master Lease; and (iv) there is no Material Risk of Termination, the Lender, on behalf of itself, and its successors and assigns, agrees that (x) it will not exercise any remedies available to it under Section 10 of the Supplemental Master Tenant Security Agreement against Master Tenant or the Collateral, and (y) Master Tenant shall retain its rights under the first sentence of Section 2(c) of the Master Tenant Security Agreement to collect Rents and exercise its rights, powers and authority under the Leases. Should an Event of Default under the Loan Documents or Master Lease Documents be subsequently cured, the Master Xxxxxx’s rights to collect Rents and to exercise its rights, powers and authority under the Leases shall be reinstated.
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RIDER TO MASTER TENANT SECURITY AGREEMENT. A. Notwithstanding any provision in the Master Tenant Security Agreement (the “Agreement”) to the contrary, upon the occurrence of an Event of Default under the Loan Documents, provided that (i) Master Tenant is not in violation of any of the Tenant Documents or this Agreement; (ii) Master Tenant’s master lease payments continue to be made to the satisfaction of Lender, (iii) Master Tenant is not in violation of any provision of the Master Lease, and (iv) there is no Material Risk of Termination, the Lender, on behalf of itself, and its successors and assigns, agrees that (x) it will not exercise any remedies available to it under Section 9 of the Master Tenant Security Agreement against Master Tenant or the Collateral, and
Sample 1
RIDER TO MASTER TENANT SECURITY AGREEMENT. [Include this section if the Operator is unrelated to the Borrower and it is otherwise applicable.] A Rider to Master Tenant Security Agreement is attached hereto. The terms of the Rider are incorporated by reference into this Agreement as if set forth in full at this point.
Sample 1

Related to RIDER TO MASTER TENANT SECURITY AGREEMENT

  • Security Agreement The words "Security Agreement" mean and include without limitation any agreements, promises, covenants, arrangements, understandings or other agreements, whether created by law, contract, or otherwise, evidencing, governing, representing, or creating a Security Interest.

  • Assignment of Lease 10.01. The Tenant may not assign the Lease or sublet all or any part of the Premises or otherwise grant possession of the Premises or any portion thereof to any other person without first obtaining the prior written consent of the Landlord, such consent not to be unreasonably withheld. In no event shall the Tenant be released or discharged from the full performance of this Lease and the payment of all rents and monies and the observance of all covenants, agreements, terms and conditions herein contained and any such consent granted by the Landlord shall not be deemed or implied as consent to any further or subsequent assignment or subletting. In the event this Lease is assigned or all or a portion of the Premises sublet, the Tenant shall pay all reasonable out-of-pocket expenses incurred by the Landlord in any such assignment or subletting, including the Landlord’s legal costs in connection therewith and a non-refundable amount of Five Hundred Dollars ($500.00) in advance to the Landlord, representing a reasonable cost to the Landlord for reviewing such application. Any transferee shall enter into an agreement directly with the Landlord covenanting to be bound by all of the Tenant’s obligations hereunder to the extent applicable to it. Notwithstanding the foregoing provisions of this Section 10.01 or anything else contained herein, so long as Tenant is not then in default under this Lease beyond any applicable curative period provided for in this Lease, Tenant shall have the right, without the consent of Landlord, but otherwise in accordance with the requirements of this Lease, including without limitation, the obligation of any transferee to enter into an agreement directly with the Landlord covenanting to be bound by all of the Tenant’s obligations hereunder to the extent applicable, to assign this Lease and/or sublease the whole or part of the Premises to:

  • ASSIGNMENT OF LEASES AND RENTS There exists as part of the related Mortgage File an Assignment of Leases (either as a separate instrument or incorporated into the related Mortgage). Subject to the Permitted Encumbrances and the Title Exceptions, each related Assignment of Leases creates a valid first-priority collateral assignment of, or a valid first-priority lien or security interest in, rents and certain rights under the related lease or leases, subject only to a license granted to the related Mortgagor to exercise certain rights and to perform certain obligations of the lessor under such lease or leases, including the right to operate the related leased property, except as the enforcement thereof may be limited by the Standard Qualifications. The related Mortgage or related Assignment of Leases, subject to applicable law, provides that, upon an event of default under the Mortgage Loan, a receiver is permitted to be appointed for the collection of rents or for the related Mortgagee to enter into possession to collect the rents or for rents to be paid directly to the Mortgagee.

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