Common use of ASSIGNEE'S RIGHTS AND REMEDIES Clause in Contracts

ASSIGNEE'S RIGHTS AND REMEDIES. Upon the occurrence and during the continuance of any Event of Default under this Assignment or any other Financing Document, Assignee shall have all of the rights, remedies and benefits granted to it under the Mortgage with respect to the Leases and Income, it being agreed and understood that for purposes of this SECTION 3, (i) the term "Mortgaged Property" as used in the Mortgage includes the Site, the Facilities, the Easement Premises, the Leases and Income, (ii) references therein to "Mortgagor" shall be deemed to be references to Assignor and (iii) references therein to "Mortgagee" shall be deemed to be references to Assignee.

ASSIGNEE'S RIGHTS AND REMEDIES. Upon the occurrence and during the continuance of any Event of Default under this Assignment Assignment, the Mortgage or any other Financing Documentthe URC Loan Agreement, Assignee shall have all of the rights, remedies and benefits granted to it under the Mortgage with respect to the Leases and Income, it being agreed and understood that for purposes of this SECTION 3, (i) the term "Mortgaged Property" as used in the Mortgage includes the Site, the Facilities, the Easement Premises, the Leases and Income, (ii) references therein to "Mortgagor" shall be deemed to be references to Assignor and (iii) references therein to "Mortgagee" shall be deemed to be references to Assignee.