Assignment of Leasehold Interests Sample Clauses

The Assignment of Leasehold Interests clause governs the conditions under which a tenant may transfer their rights and obligations under a lease to another party. Typically, this clause outlines whether the landlord's consent is required for an assignment, any procedures that must be followed, and potential restrictions or qualifications on the assignee. Its core practical function is to provide clarity and control over changes in tenancy, ensuring that the landlord maintains oversight of who occupies the property and that the lease terms are upheld by any new tenant.
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Assignment of Leasehold Interests. Upon the request of the Agent, execute and deliver to the Agent such fee mortgages, leasehold mortgages or other appropriate security instruments, in such form as the Agent requests, in respect of any real property owned or leased by either Obligor.
Assignment of Leasehold Interests. An Assignment and Assumption of Leasehold Interests duly executed by applicable Sellers in the form of Exhibit 9.2(a)(xiii)
Assignment of Leasehold Interests. Upon request of the Collateral Agent, execute and deliver to the Collateral Agent (a) such fee mortgages, leasehold mortgages or other appropriate security instruments, as and in such form as the Collateral Agent requests, in respect of any real property owned or leased by the Borrower or any Subsidiary, and (b) any and all environmental assessments, surveys, title insurance policies, opinions, certificates, instruments, documents and agreements as the Collateral Agent or the Majority Lenders may reasonably request in connection therewith.
Assignment of Leasehold Interests. Upon the request of the Agent, execute and deliver to Agent such fee mortgages, leasehold mortgages or other appropriate security instruments, as and in such form as the Agent requests, in respect of any real property owned or leased by Borrower.
Assignment of Leasehold Interests. For value received, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Assignor hereby grants, transfers and assigns to the Assignee, its successors and assigns, all right, title and interest of the Assignor, as Lessee, in and to those certain leases described on Schedule A hereto, together with the leasehold estate created thereby and any modifications, extensions or renewals thereof, and all benefits accruing to the Assignor thereunder, including any purchase options thereunder (said leases, together with the leasehold estate created thereby, and all such modifications, extensions, renewals and benefits being hereinafter referred to collectively as the "Leases"). The within assignment is for the purpose of securing payment and performance of all debts, liabilities and obligations of the Assignor to the Assignee of every kind and description, direct or indirect, absolute or contingent, due or to become due, now existing or hereafter arising (all hereinafter referred to collectively as the "Obligations") pursuant to the Credit Agreement dated as of August 30, 2002, by and between the Assignor, it subsidiary, Green Mountain Coffee Roasters Franchising Corporation (the "Subsidiary"), the Assignee, and the Lenders that become a party thereto from time to time (as the same may be amended from time to time hereafter, the "Credit Agreement"). Terms not otherwise defined herein shall have the meanings ascribed to them in the Credit Agreement. The Assignee, by acceptance hereof, agrees: a. Not to take any action to assert its rights to possession of the premises demised under the Leases (the "Premises") unless and until there shall exist or occur an Event of Default (as defined in the Credit Agreement).. b. Upon payment and performance in full of all Obligations, this Assignment shall be void and of no effect. However, the affidavit, certificate, or other written statement of any officer of the Assignee indicating that any of the Obligations remain unpaid or unperformed shall be and constitute conclusive evidence of the continuing validity and effectiveness of this Assignment, and any person may, and is hereby authorized to, rely thereon.
Assignment of Leasehold Interests. Upon final reconciliation and settlement of all drilling, completion and equipment costs for the Required ▇▇▇▇▇, Range will assign to LJM a 43.75% interest in the leases referenced in Exhibit A by executing an assignment in form substantially similar to the document attached hereto as Exhibit F. In addition, effective at the time Exhibit F is executed, Range agrees that it will assign to LJM without further payment from LJM 43.75% of any interest in any additional well that Range may acquire pursuant to the Farmouts. This covenant shall survive the termination of this Agreement.

Related to Assignment of Leasehold Interests

  • Assignment of Leases The Assignment of Leases creates a valid assignment of, or a valid security interest in, certain rights under the Leases, subject only to a license granted to Borrower to exercise certain rights and to perform certain obligations of the lessor under the Leases, including the right to operate the Property. No Person other than Lender has any interest in or assignment of the Leases or any portion of the Rents due and payable or to become due and payable thereunder.

  • Assignment of Leases and Rents There exists as part of the related Mortgage File an Assignment of Leases (either as a separate instrument or incorporated into the related Mortgage). Subject to the Permitted Encumbrances and the Title Exceptions, each related Assignment of Leases creates a valid first-priority collateral assignment of, or a valid first-priority lien or security interest in, rents and certain rights under the related lease or leases, subject only to a license granted to the related Mortgagor to exercise certain rights and to perform certain obligations of the lessor under such lease or leases, including the right to operate the related leased property, except as the enforcement thereof may be limited by the Standard Qualifications. The related Mortgage or related Assignment of Leases, subject to applicable law, provides that, upon an event of default under the Mortgage Loan, a receiver is permitted to be appointed for the collection of rents or for the related Mortgagee to enter into possession to collect the rents or for rents to be paid directly to the Mortgagee.

  • Assignment of Lease The Tenant may not assign the Lease or sublet all or any part of the Premises or otherwise grant possession of the Premises or any portion thereof to any other person without first obtaining the prior written consent of the Landlord, such consent not to be unreasonably withheld. In no event shall the Tenant be released or discharged from the full performance of this Lease and the payment of all rents and monies and the observance of all covenants, agreements, terms and conditions herein contained and any such consent granted by the Landlord shall not be deemed or implied as consent to any further or subsequent assignment or subletting. In the event this Lease is assigned or all or a portion of the Premises sublet, the Tenant shall pay all reasonable out-of-pocket expenses incurred by the Landlord in any such assignment or subletting, including the Landlord’s legal costs in connection therewith and a non-refundable amount of Five Hundred Dollars ($500.00) in advance to the Landlord, representing a reasonable cost to the Landlord for reviewing such application. Any transferee shall enter into an agreement directly with the Landlord covenanting to be bound by all of the Tenant’s obligations hereunder to the extent applicable to it. Notwithstanding the foregoing provisions of this Section 10.01 or anything else contained herein, so long as Tenant is not then in default under this Lease beyond any applicable curative period provided for in this Lease, Tenant shall have the right, without the consent of Landlord, but otherwise in accordance with the requirements of this Lease, including without limitation, the obligation of any transferee to enter into an agreement directly with the Landlord covenanting to be bound by all of the Tenant’s obligations hereunder to the extent applicable, to assign this Lease and/or sublease the whole or part of the Premises to:

  • Assignment of Leases, Rents and Profits There exists as part of the related Mortgage File an Assignment of Leases, Rents and Profits (either as a separate instrument or incorporated into the related Mortgage). Subject to the Permitted Encumbrances and the Title Exceptions (and, in the case of a Mortgage Loan that is part of a Whole Loan, subject to the related Assignment of Leases, Rents and Profits constituting security for the entire Whole Loan), each related Assignment of Leases, Rents and Profits creates a valid first-priority collateral assignment of, or a valid first-priority lien or security interest in, rents and certain rights under the related lease or leases, subject only to a license granted to the related Borrower to exercise certain rights and to perform certain obligations of the lessor under such lease or leases, including the right to operate the related leased property, except as the enforcement thereof may be limited by the Standard Qualifications. The related Mortgage or related Assignment of Leases, Rents and Profits, subject to applicable law, provides that, upon an event of default under the Mortgage Loan, a receiver is permitted to be appointed for the collection of rents or for the related mortgagee to enter into possession to collect the rents or for rents to be paid directly to the mortgagee.

  • Payment of Leasehold Obligations Each Borrower shall at all times pay, when and as due, its rental obligations under all leases under which it is a tenant, and shall otherwise comply, in all material respects, with all other terms of such leases and keep them in full force and effect and, at Agent’s request will provide evidence of having done so.