the Rents definition

the Rents means the Principal Rent and ‘Rents’ shall be construed accordingly
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the Rents. Security Agreement" the Borrower Security Agreement (as defined in the Omnibus Agreement) "Trust Estate" the Trust Estate EXHIBIT A Legal Description of the Property EXHIBIT B Permitted Liens and Encumbrances TRACT I:
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the Rents means the sum or sums reserved as rent by this Lease as more particularly defined and detailed at Clause 3
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Examples of the Rents in a sentence

  • There are no prior assignments of the Leases or any portion of the Rents due and payable or to become due and payable which are presently outstanding.

  • However, if this present, absolute and unconditional assignment of Rents is not enforceable by its terms under the laws of the Property Jurisdiction, then the Rents shall be included as a part of the Mortgaged Property and it is the intention of the Borrower that in this circumstance this Instrument create and perfect a lien on Rents in favor of Lender, which lien shall be effective as of the date of this Instrument.

  • Any application of the Rents will not cure or waive any Default or invalidate any other right or remedy of Lender.

  • If the Rents are not sufficient to cover the costs of taking control of and managing the Property and of collecting the Rents, any funds paid by Lender for such purposes will become indebtedness of Borrower to Lender secured by this Security Instrument pursuant to Section 9.

  • Borrower may not collect any of the Rents more than one month in advance of the time when the Rents become due, except for security or similar deposits.

  • Lender shall have the right to have a receiver appointed to take possession of all or any part of the Collateral, with the power to protect and preserve the Collateral, to operate the Collateral preceding foreclosure or sale, and to collect the Rents from the Collateral and apply the proceeds, over and above the cost of the receivership, against the Indebtedness.

  • However, Borrower will receive the Rents until (i) Lender has given Borrower notice of Default pursuant to Section 26, and (ii) Lender has given notice to the Tenant that the Rents are to be paid to Lender.

  • Borrower represents, warrants, covenants, and agrees that ▇▇▇▇▇▇▇▇ has not signed any prior assignment of the Rents, will not make any further assignment of the Rents, and has not performed, and will not perform, any act that could prevent Lender from exercising its rights under this Security Instrument.

  • If the Property is leased to, used by, or occupied by a third party (“Tenant”), Borrower is unconditionally assigning and transferring to Lender any Rents, regardless of to whom the Rents are payable.

  • Borrower shall hold the Rents, or a portion thereof sufficient to discharge all current sums due on the Debt, for use in the payment of such sums.