Examples of Absolute Assignment of Leases and Rents in a sentence
To secure, among other things, the payment and performance of all sums and obligations owing by Seller under the Loan, Seller has granted or will grant to the Administrative Agent as agent for the Lenders, a Construction Mortgage with Absolute Assignment of Leases and Rents, Security Agreement, Fixture Filing and Financing Statement (the “Mortgage”), covering Seller's interest in the Land and the Project, including the Property covered by this Agreement.
The Note will be secured by that certain Construction and Permanent Deed of Trust with Absolute Assignment of Leases and Rents, Security Agreement and Fixture Filing, dated as of even date herewith (the “Deed of Trust”), executed by Borrower for the benefit of Issuer and recorded in the Official Records of Contra Costa County, California (the “Official Records”), encumbing the Project.
Pursuant to Resolution [ ] (the “Resolution”), Landlord consented, upon the conditions set forth therein, to the encumbrance of Tenant’s leasehold estate, in connection with the Loan, by the lien of a [Construction Deed of Trust, With Absolute Assignment of Leases and Rents, Security Agreement and Fixture Filing] for the benefit of Administrative Agent and the Lenders (as applicable, and as the same may be modified, supplemented, extended, restated or replaced, the “Security Instrument”).
Tenant acknowledges that it has been advised that Landlord is assigning the Lease and the rents thereunder to Bank pursuant to an Absolute Assignment of Leases and Rents from Landlord to Bank (the “Assignment”).
The Lender may, however, terminate the license by written Notice to the Borrower on certain conditions set forth in the Absolute Assignment of Leases and Rents.
The Borrower shall not, without the prior written consent of the Lender, demolish, reconfigure, or materially alter the structural elements of the Improvements, unless such an action is the obligation of the Borrower under a Lease approved by Lender or for which the Lender's approval is not required under the Absolute Assignment of Leases and Rents.
Under the Absolute Assignment of Leases and Rents, the Borrower has assigned to the Lender, and to its successors and assigns, all of the Borrower’s right and title to, and interest in, the Leases, including all rights under the Leases and all benefits to be derived from them.
Pursuant to Resolution [ _] (the “Resolution”), the Port consented, upon the conditions set forth therein, to the encumbrance of Developer’s leasehold estate, in connection with the Loan, by the lien of a [Construction Deed of Trust, With Absolute Assignment of Leases and Rents, Security Agreement and Fixture Filing], for the benefit of Administrative Agent and the Lenders (as applicable, and as the same may be modified, supplemented, extended, restated or replaced, the “Security Instrument”).
Xxxxxxx has executed this Deed of Trust With Absolute Assignment of Leases and Rents, Security Agreement and Fixture Filing as of the day and year first above written.
The Note shall be secured, in part, by a Construction Mortgage with Absolute Assignment of Leases and Rents, Security Agreement and Fixture Filing of even date herewith, executed by Borrower to Lender, as Beneficiary, as hereafter amended, supplemented, replaced or modified (“Mortgage”), encumbering certain real property and improvements as legally defined therein.