Assignments of Leases and Rents definition

Assignments of Leases and Rents means the Assignments of Leases and Rents to be given by Borrower to Lender, as security for the payment of the Debt and constituting a first lien on all of Borrower's right, title and interest now owned or hereafter acquired in and to all Leases and Rents pertaining to or derived from the Properties, the form of which is attached to this Agreement as EXHIBIT F, as the same may from time to time be amended, modified, extended, supplemented, renewed, replaced or restated.

Assignments of Leases and Rents means each Assignment of Leases and Rents from time to time entered into by a Loan Party for the benefit of the Administrative Agent, the Lenders and the Specified Derivatives Providers in connection with the addition of an Eligible Property as a Borrowing Base Property. Any Assignment of Leases and Rents may, at the discretion of the Administrative Agent, be included within the applicable Mortgage.

Assignments of Leases and Rents. (each an “Assignment of Leases and Rents”) means collectively those certain Assignments of Leases and Rents dated as of the Closing Date made by Borrower in favor of Agent for the benefit of Lenders with respect to each Property.

Examples of Assignments of Leases and Rents in a sentence

• Borrower also agrees that the venue of any litigation arising in connection with the Debt or in respect of any of the obligations of Borrower under the Note, this Agreement or the other Loan Documents (other than enforcement actions brought under the Mortgages and the Assignments of Leases and Rents) shall, to the extent permitted by law, be in New York County, New York.

• Borrower has no knowledge that any of the representations or warranties of the Guarantors contained in the Mortgages, the Assignments of Leases and Rents or any other Loan Document are untrue or inaccurate in any material respect.

• The Administrative Agent hereby appoints and authorizes the Collateral Agent to take such action as agent on its behalf with respect to the Mortgage Documents (including execution of the Mortgages and Assignments of Leases and Rents) and to exercise such powers under this Agreement as are delegated to the Collateral Agent by the terms of the Loan Documents, together with such powers as are reasonably incidental thereto.

• The Obligations shall be secured by (i) a perfected first priority lien to be held by the Agent for the benefit of the Lenders on the Mortgaged Properties, pursuant to the terms of the Mortgages, (ii) a perfected first priority security interest to be held by the Agent for the benefit of the Lenders in the Leases pursuant to the terms of the Assignments of Leases and Rents and (iii) the Indemnity Agreements and the other Security Documents.

• Collectively, the Joinder Agreements, the Cash Collateral Agreement, the Mortgages, the Assignments of Leases and Rents, the Indemnity Agreement, the Guaranty, the UCC-1 financing statements and any further collateral assignments to the Agent for the benefit of the Lenders.

More Definitions of Assignments of Leases and Rents

Assignments of Leases and Rents. The term "Assignments of Leases and Rents" as used in this Agreement shall mean the Assignments of Leases and Rents to be given by Borrowers to Agent, as security for the payment of the Debt and constituting a first lien on all of Borrowers's right, title and interest now owned or hereafter acquired in and to all Leases and Rents pertaining to or derived from the Properties, the form of which is attached to this Agreement as Exhibit I.

Assignments of Leases and Rents means, each Assignment of Leases and Rents dated as of the Closing Date, by the applicable Borrower for the benefit of Lender, as same may thereafter from time to time be amended, consolidated, extended, supplemented, restated or otherwise modified from time to time.

Assignments of Leases and Rents means, collectively, each of those certain Assignment of Leases and Rents dated of even date herewith by the Borrower in favor of the Lender, as the same may be amended, reaffirmed, modified or supplemented from time to time.

Assignments of Leases and Rents means, collectively, each Assignment of Leases and Rents, dated as of the Closing Date, made by the applicable Borrower to and for the benefit of Lender, as the same may be amended, supplemented or otherwise modified from time to time.

Assignments of Leases and Rents means each of those certain Assignments of Leases and Rents, dated the date hereof, by each Borrower and Operator in favor of the Administrative Agent (on behalf of the Lenders).

Assignments of Leases and Rents. 1.1 (Definition of Loan Documents)

Assignments of Leases and Rents means each Assignment of Leases and Rents, Hotel Revenues and Security Deposits, dated as of the Third Amendment Closing Date, by each Borrowing Base Entity in favor of Administrative Agent on behalf of Lenders.”.