Terms of Assignment. It is acknowledged and agreed by the parties hereto that Agent shall have sole and exclusive possession of the Collateral and that this Assignment constitutes a present, absolute and current assignment of all the Collateral and is effective upon the execution and delivery hereof. Payments under or with respect to the Collateral shall be made as follows:
Appears in 3 contracts
Samples: Credit Agreement (MedEquities Realty Trust, Inc.), Credit Agreement (MedEquities Realty Trust, Inc.), Credit Agreement (MedEquities Realty Trust, Inc.)
Terms of Assignment. It is acknowledged and agreed by the parties hereto that Agent shall have sole and exclusive possession of the Collateral and that this Assignment constitutes a present, absolute present and current assignment of all the Collateral and is effective upon the execution and delivery hereof. Payments under or with respect to the Collateral shall be made as follows:
Appears in 1 contract
Samples: Collateral Assignment (Wellsford Real Properties Inc)
Terms of Assignment. It is acknowledged and agreed by the parties hereto that the Agent (or its designee) shall have sole and exclusive possession of the Collateral and that this Assignment constitutes a present, absolute present and current assignment of all the Collateral and is effective upon the execution and delivery hereof. Payments under or with respect to the Collateral shall be made as follows:in accordance with the Lockbox Agreement and the Credit Agreement.
Appears in 1 contract
Samples: American Church Mortgage Co
