Common use of Trustor's Limited License Clause in Contracts

Trustor's Limited License. Provided that no Event of Default hereunder exists, Trustor shall have the right under a license granted hereby and Beneficiary hereby grants to Trustor a license to collect, but not more than one month in advance, all of the Rents, Issues and Profits arising from or out of the Tenant Leases or any renewals or extensions thereof, or from or out of the Trust Property or any part thereof, but only as trustee for the benefit of Beneficiary. Trustor shall apply the Rents, Issues and Profits so collected first to payment of any and all amounts due and payable under the Indenture. Thereafter, so long as no Event of Default hereunder exists, Trustor may use the Rents, Issues and Profits in any manner not inconsistent with the Indenture. The license granted hereby shall be revoked automatically upon the occurrence of an Event of Default hereunder.

Trustor's Limited License. Provided that no Event of Default ------------------------- hereunder exists, each Trustor shall have the right under a license granted hereby and Beneficiary hereby grants to such Trustor a license to collect, but not more than one month in advance, all of the Rents, Issues and Profits arising from or out of the Tenant Tenants Leases or any renewals or extensions thereof, or from or out of the Trust Property or any part thereof, but only as trustee for the benefit of Beneficiary. Each Trustor shall apply the Rents, Issues and Profits so collected first to payment of any and all amounts due and payable under the Indenture. Thereafter, so long as no Event of Default hereunder exists, such Trustor may use the Rents, Issues and Profits in any manner not inconsistent with the Indenture. The license granted hereby shall be revoked automatically upon the occurrence of an Event of Default hereunder.

Trustor's Limited License. Provided that no Event of Default hereunder exists, Trustor shall have the right under a license granted hereby and Beneficiary hereby grants to Trustor a license to collect, but not more than one month in advance, all of the Rents, Issues and Profits arising from or out of the Tenant Leases or any renewals or extensions thereof, or from or out of the Trust Property or any part thereof, but only as trustee for the benefit of Beneficiary. Trustor shall apply the Rents, Issues and Profits so collected first to payment of any and all amounts due and payable under the IndentureLoan Agreement and other Transaction Documents. Thereafter, so long as no Event of Default hereunder exists, Trustor may use the Rents, Issues and Profits in any manner not inconsistent with the IndentureLoan Agreement and other Transaction Documents. The license granted hereby shall be revoked automatically upon the occurrence of an Event of Default hereunder.

Trustor's Limited License. Provided that no Event of Default hereunder exists, Trustor shall have the right under a license granted hereby and Beneficiary hereby grants to Trustor a license to collect, but not more than one month in advance, all of the Rents, Issues and Profits arising from or out of the Tenant Leases or any renewals or extensions thereof, or from or out of the Trust Property or any part thereof, but only as trustee for the benefit of Beneficiary. Trustor shall apply the Rents, Issues and Profits so collected first to payment of any and all amounts due and payable under the IndentureSubordinated Loan Agreement. Thereafter, so long as no Event of Default hereunder exists, Trustor may use the Rents, Issues and Profits in any manner not inconsistent with the IndentureSubordinated Loan Agreement. The license granted hereby shall be revoked automatically upon the occurrence of an Event of Default hereunder.