Absolute Assignment of Leases and Rents definition

Absolute Assignment of Leases and Rents means the Loan Document bearing this heading. an “Affiliate” of any person means any entity controlled by, or under common control with, that person.
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Absolute Assignment of Leases and Rents means the Loan Document bearing this heading.
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Absolute Assignment of Leases and Rents means that certain Absolute Assignment of Leases and Rents substantially in the form set forth in Exhibit 6, with appropriate insertions, to be executed by Xxxxxxxx and delivered to lender at the Closing of the Loan, by which Borrower grants Lender the rights set forth therein to secure full payment of the Loan and complete performance of this Agreement.
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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 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.

  • 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.

  • 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.

  • This assignment is present and absolute, but under the terms of the Absolute Assignment of Leases and Rents, the Lender has granted the Borrower a conditional license to collect and use the Rents, and to exercise the rights assigned, in a manner consistent with the Obligations, all as more particularly set forth in the Absolute Assignment of Leases and Rents.

  • The form of AIMCO Loan Documents attached to the Contract as Exhibit I (Secured Promissory Note), Exhibit J (AIMCO Loan Security Instrument), Exhibit K (Absolute Assignment of Leases and Rents) and Exhibit M (Environmental Indemnity) shall be deleted and replaced with Exhibit I, Exhibit J, Exhibit K and Exhibit M attached to this Amendment.

  • Mortgagor acknowledges that, concurrently herewith, Mortgagor has executed and delivered to Lender, as additional security for the repayment of the Loan, an Absolute Assignment of Leases and Rents (the “Assignment”) pursuant to which Mortgagor has assigned to Lender interests in the leases of the Premises and the rents and income from the Premises.

  • This assignment is present and absolute and includes all rights conferred by RCW 7.28.230 and related laws, statutes and cases, as amended, but under the terms of the Absolute Assignment of Leases and Rents, the Lender has granted the Borrower a conditional license to collect and use the Rents, and to exercise the rights assigned, in a manner consistent with the Obligations, all as more particularly set forth in the Absolute Assignment of Leases and Rents.

  • Exhibit A to Open-End Mortgage with Absolute Assignment of Leases and Rents, Security Agreement and Fixture Filing executed by KBSII I-81 INDUSTRIAL PORTFOLIO TRUST, a Delaware statutory trust, as Mortgagor for the benefit of XXXXX FARGO BANK, NATIONAL ASSOCIATION, acting as Administrative Agent for certain lenders, as Mortgagee, dated as of February 8, 2011.

  • The term “Mortgage” shall mean that Mortgage, Security Agreement and Absolute Assignment of Leases and Rents of even date herewith, covering the Property, as hereinafter defined, and securing the payment of the Note and the payment and performance of all obligations specified in the Mortgage, the Loan Documents and this Loan Agreement, and evidencing a valid and enforceable lien on the Property.


More Definitions of Absolute Assignment of Leases and Rents

Absolute Assignment of Leases and Rents means the Loan Document bearing this heading. Deed of Trust, Security Agreement and Fixture Filing 1 Wallingford Plaza, Seattle, Washington AEGON Loan No. 10518230 99068637.3 0027988-00963
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Absolute Assignment of Leases and Rents means the Loan Document bearing this heading. "Appurtenances" means all rights, estates, titles, interests, privileges, easements, tenements,
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Related to Absolute Assignment of Leases and Rents

  • Assignment of Leases and Rents means the Assignment of Leases and Rents, executed by Borrower for the benefit of Lender, and pertaining to leases of space in the Project.

  • Assignment of Leases With respect to any Mortgaged Property, any assignment of leases, rents and profits or similar agreement executed by the Mortgagor, assigning to the mortgagee all of the income, rents and profits derived from the ownership, operation, leasing or disposition of all or a portion of such Mortgaged Property, in the form which was duly executed, acknowledged and delivered, as amended, modified, renewed or extended through the date hereof and from time to time hereafter.

  • Assignment of Lease means the Assignment of Lease to be executed by the Seller at the Closing with respect to each parcel of Leased Real Property listed on Section 3.16(b) of the Disclosure Schedule, in a form to be mutually agreed by the Seller and the Purchaser.

  • Assignment of Rents and Leases means, with respect to the Mortgaged Property, an Assignment of Rents and Leases (and, if there are more than one, each and every one of them), dated as of the Closing Date, granted by the Borrower to Lender with respect to the Leases, as same may thereafter from time to time be supplemented, amended, modified or extended.

  • Assignment of Rents means a transfer of an interest in rents in connection with an obligation secured by real property located in this state and from which the rents arise.

  • Lease Assignments means the assignments of real property leases and subleases by and between a member of the Nuance Group, as assignor, and a member of the SpinCo Group, as assignee, in each case as set forth on Schedule XII under the caption “Lease Assignments.”

  • Collateral Assignments means, collectively, the Assignment of the Development Agreement, and the Assignment of Management Agreement, the Assignment of the Right to Receive Tax Credits, Capital Contributions and Partnership Interests, each in form and substance satisfactory to the Significant Bondholder and the Financial Monitor and as each may be amended or supplemented from time to time with the prior written consent of the Significant Bondholder.

  • Collateral Assignment Agreement has the meaning set forth in Section 10.05.

  • Lease Assignment has the meaning set forth in Section 3.5(d).

  • Collateral Assignment means, with respect to any Contracts, the original instrument of collateral assignment of such Contracts by the Company, as Seller, to the Collateral Agent, substantially in the form included in Exhibit A hereto.

  • Assignment of Contracts shall have the meaning provided in Section 5.07.

  • Fixture filing means the filing of a financing statement covering goods that are or are to become fixtures and satisfying section 9502(1) and (2). The term includes the filing of a financing statement covering goods of a transmitting utility which are or are to become fixtures.

  • Assignment Agreements The following Assignment, Assumption and Recognition Agreements, each dated as of March 29, 2006, whereby certain Servicing Agreements solely with respect to the related Mortgage Loans were assigned to the Depositor for the benefit of the Certificateholders:

  • Assignment of Proprietary Lease With respect to a Cooperative Loan, the assignment of the related Cooperative Lease from the Mortgagor to the originator of the Cooperative Loan.

  • Assignment and Conveyance Agreement As defined in Subsection 6.01.

  • Assignment and Conveyance An assignment and conveyance of the Mortgage Loans purchased on a Closing Date in the form annexed hereto as Exhibit 4.

  • IP Assignment Agreement has the meaning set forth in Section 3.2(a)(iii).

  • Loan Assignment has the meaning set forth in the Purchase and Sale Agreement.

  • Lender Assignment Agreement means an assignment agreement substantially in the form of Exhibit D hereto.

  • Trademark Assignment Agreement has the meaning set forth in Section 2.01.

  • Mortgage Assignment means an assignment of the Mortgage in recordable form, sufficient under the laws of the jurisdiction wherein the related Mortgaged Property is located to reflect the sale of the Mortgage.

  • Assignment of Agreements means that certain Assignment of Agreements, Licenses, Permits and Contracts, dated as of the date hereof, from Borrower, as assignor, to Lender, as assignee.

  • Patent Assignment Agreement means the Patent Assignment Agreement attached hereto as Exhibit G.

  • Existing Mortgages means any mortgage, deed of trust or deed delivered pursuant to the Existing Credit Agreement including any amendments, modifications, restatements or assignments thereof.

  • Intellectual Property Assignment Agreement means, with respect to each Specified Business, an agreement in form and substance reasonably acceptable to Seller and Buyer, providing for the assignment of the Transferred Intellectual Property Related to such Specified Business.

  • Existing Mortgage has the meaning specified in Section 5.02(a)(vi).