SUBLEASE RENTALS. (14) Subject only to subparagraph (2) of this Section 4.02 of the Sublease and to the provisions of Section 4.07 of the Sublease, and so long as the Sublease Term has not been terminated in accordance with Section 4.09 of the Sublease, there shall be paid to the Trustee a sum sufficient to meet the amounts payable for principal, premium, if any, (whether at maturity or by redemption as provided in the Indenture), and interest upon the Related Amount of Series Bonds and such other sums provided for in the Indenture as follows:
SUBLEASE RENTALS. If a default under this Lease should occur while the Premises or any portion thereof are then subleased, Lessor, in addition to any other remedies provided herein or by law or in equity, may at its option have a receiver appointed to collect, or itself collect, directly from the sublessee under which sublease all rent or other consideration then due or becoming due to Lessee from such sublessee and apply such rent or other consideration against any sums due to Lessor by Lessee hereunder; and Lessee hereby authorizes and directs any such sublessee to make such payments of rent or other consideration directly to Lessor upon receipt of notice from Lessor. For this purpose, Lessor has authorized and empowered, on behalf of Lessee, to endorse the name of Lessee upon any check, draft or other instrument payable to Lessee evidencing payment of such rent or other consideration and to receive and apply the proceeds therefrom in accordance with the terms hereof. No direct collection by Lessor from any such sublessee shall be construed to constitute a novation or a release of Lessee or any guarantor of Lessee from the further performance of its obligations under or in connection with this Lease. Lessor shall not be liable to Lessee for any failure or inability to collect such rents or other charges from any such sublessee.
SUBLEASE RENTALS. The following terms and conditions shall apply to any subletting by Tenant of all or any part of the Premises and shall be deemed included in all subleases under this Lease whether or not expressly incorporated therein: Tenant hereby absolutely and unconditionally assigns and transfers to Landlord all of Tenant’s interest in all rentals and income arising from any sublease entered into by Tenant, and Landlord may collect such rent and income and apply same toward Tenant’s obligations under this Lease; provided, however, that until a default occurs in the performance of Tenant’s obligations under this Lease beyond applicable notice and cure periods, Tenant may receive, collect and enjoy the rents accruing under such sublease. Landlord shall not, by reason of this or any other assignment of such rents to Landlord nor by reason of the collection of the rents from a subtenant, be deemed to have assumed or recognized any sublease or to be liable to the subtenant for any failure of Tenant to perform and comply with any of Tenant’s obligations to such subtenant under such sublease, including, but not limited to, Txxxxx’s obligation to return any security deposit. Tenant hereby irrevocably authorizes and directs any such subtenant, upon receipt of a written notice from Landlord stating that a monetary default exists in the performance of Tenant’s obligations under this Lease beyond any applicable notice and cure period, to pay to Landlord the rents due as they become due under the sublease. In the event Landlord terminates this Lease by reason of a default of Tenant, Landlord at its option and without any obligation to do so, may require any subtenant to attorn to Landlord, in which event Landlord shall undertake the obligations of Tenant under such sublease from the time of the exercise of said option to the termination of such sublease; provided, however, Landlord shall not be liable for any prepaid rents or security deposit paid by such subtenant to Tenant or for any other prior defaults of Tenant under such sublease.
SUBLEASE RENTALS. Landlord consents to a provision in any Leasehold ---------------- Mortgage or otherwise for an assignment of rents from subleases of the Premises, as additional security, to any Leasehold Mortgagee.
SUBLEASE RENTALS. In the event Landlord has consented to a subletting by Tenant of all or any part of the Premises and the Rental under such subletting exceeds the Rental payable under this Lease, the Rental due Landlord under this Lease shall automatically increase by the amount of such excess Rental. 5/3/2023 ROS/Impossible Kicks 18 Form Rev. [02/2023]
