Issues and Profits definition

Issues and Profits means all present and future rents, royalties, issues, profits, receipts, revenues, income, earnings and other benefits accruing from any of the Land, Improvements or Appurtenant Rights (whether in the form of accounts, chattel paper, instruments, documents, investment property, general intangibles or otherwise) including all rents and other amounts payable pursuant to any Subleases.
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Examples of Issues and Profits in a sentence

  • Neither the performance by Lessor of any of Lessee's obligations pursuant to Paragraph 3.13 nor the exercise by Lessor of any of its other rights and remedies under this Agreement or any other Operative Document (including the collection of Issues and Profits and the application thereof to the Lessee Obligations) shall constitute a cure or waiver of any Default or nullify the effect of any notice of default or sale, unless and until all Lessee Obligations are paid in full.

  • All Rents, Issues and Profits, income and revenue therefrom shall be applied by such receiver to the payment of the Obligations according to the orders and directions of the court, or in the absence of such orders or directions, in the manner set forth in Section 3.7 below.

  • In such event, receipt by Beneficiary of Rents, Issues and Profits from such Tenants or their successors shall be a release of such Tenants or their successors to the extent of all amounts so received by Beneficiary.

  • Collection of any Issues and Profits by Lessor shall not cure or waive any default or notice of default hereunder or invalidate any acts done pursuant to such notice.

  • Beneficiary shall not be liable for its failure to collect, or its failure to exercise diligence in the collection of Rents, Issues and Profits, but shall be accountable only for Rents, Issues and Profits that Beneficiary shall actually receive.

  • Beneficiary shall be entitled to a receiver for the Trust Property, and of the Rents, Issues and Profits, after any such default, including without limitation the time covered by any proceedings for sale by the public trustee or foreclosure proceedings and the period of redemption, if any.

  • From and after receipt of written notice from Beneficiary to pay Rents, Issues and Profits directly to Beneficiary or another party designated by Beneficiary, each Tenant shall pay all such payments under its Tenant Lease in the manner instructed by Beneficiary.

  • All Issues and Profits thereafter collected by Lessee shall be held by Lessee as trustee in a constructive trust for the benefit of Lessor.

  • Until receipt from Beneficiary of notice of the occurrence of an Event of Default hereunder and during the continuance thereof, all Tenants of the Tenant Leases and any successors to the leasehold interest of such Tenants may pay Rents, Issues and Profits directly to Trustor, but after notice of the occurrence of any Event of Default and during the continuance of same, Trustor covenants to and shall hold all Rents, Issues and Profits paid to Trustor in trust for Beneficiary.

  • If any such Rents, Issues and Profits are paid to or received by Trustor, Trustor shall hold same in trust for Beneficiary and immediately pay the same to Beneficiary (in the form received, except for any necessary endorsement), without the necessity of any request or demand therefor.

Related to Issues and Profits

  • Operating Profits means, as applied to any Person for any period, the operating income of such Person for such period, as determined in accordance with GAAP.

  • Common profits means the balance of all income, rents, profits and revenues from the common areas and facilities remaining after the deduction of the common expenses;

  • unrealized profits means the fair market value of the gain to such Person of replacing such Rate Management Transaction as of the date of determination (assuming such Rate Management Transaction were to be terminated as of that date).

  • Operating Profit means the excess of Gross Revenues over the following deductions (“Deductions”) incurred by Manager, on behalf of Owner, in operating the Hotel:

  • Profits or “Losses” means, for each Fiscal Year or other taxable period, an amount equal to the Company’s taxable income or loss for such year or period, determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain, loss or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall be included in taxable income or loss), with the following adjustments (without duplication):