Common use of Assignment of Management Agreement Clause in Contracts

Assignment of Management Agreement. As additional collateral security for the Loan, Borrower hereby conditionally transfers, sets over and assigns to Lender all of Borrower's right, title and interest in and to the Management Agreement, said transfer and assignment to automatically become a present, unconditional assignment, at Lender's option, upon and during the continuance of an Event of Default by Borrower under the Loan Agreement or any of the other Loan Documents.

Assignment of Management Agreement. As additional collateral security for the Loan, Borrower hereby conditionally transfers, sets over and assigns to Lender all of Borrower's ’s right, title and interest in and to the Management Agreement, said transfer and assignment to automatically become a present, unconditional assignment, at Lender's ’s option, upon and during in the continuance event of an Event of Default a default by Borrower under the Loan Agreement or Documents, including but not limited to escrow agreements, and the failure of Borrower to cure such default within any of the other Loan Documentsapplicable notice and/or grace period.

Assignment of Management Agreement. As additional collateral security for the Loan, Borrower hereby conditionally transfers, sets over and assigns to Lender all of Borrower's ’s right, title and interest in and to the Management Agreement, said transfer and assignment to automatically become a present, unconditional assignment, at Lender's ’s option, upon and during in the continuance event of an Event of Default a default by Borrower under the Loan Agreement or any of the other Loan Documents.

Assignment of Management Agreement. As additional collateral security for the LoanLoan Agreement, Borrower hereby conditionally transfers, sets over and assigns to Lender all of Borrower's ’s right, title and interest in and to the Management Agreement, said transfer and assignment to automatically become a present, unconditional assignment, at Lender's ’s option, upon and during the continuance occurrence of an Event of Default by Borrower under the Loan Agreement or any of the other Loan DocumentsDefault.

Assignment of Management Agreement. As additional collateral security for the Loan, Borrower hereby conditionally transfers, sets over and assigns to Lender all of Borrower's ’s right, title and interest in and to the Management Agreement, said transfer and assignment to automatically become a present, unconditional assignment, at Lender's ’s option, upon and during in the continuance event of an Event of Default a default by Borrower under the Loan Agreement Note, the Security Instrument or any of the other Loan DocumentsDocuments (as defined in the Note) and the failure of Borrower to cure such default within any applicable grace period.

Assignment of Management Agreement. (a) As additional collateral security for the Loan, Borrower hereby conditionally unconditionally transfers, sets over and assigns to Lender all of Borrower's right, title and interest in and to the Management Agreement, said transfer and assignment to automatically become a present, unconditional assignment, at Lender's option, upon and during the continuance occurrence of an Event of Default by Borrower under the Loan Agreement or any of the other Loan Documents(as hereinafter defined).

Assignment of Management Agreement. As additional collateral security for the Loan, Borrower hereby conditionally transfers, sets over and assigns to Lender all of Borrower's right, title and interest in and to the Management Agreement, said transfer and assignment to automatically become a present, unconditional assignment, at Lender's option, upon the occurrence and during the continuance of an Event of Default by Borrower under the Note, the Loan Agreement Agreement, the Mortgage or any of the other Loan DocumentsDocuments (each, an "EVENT OF DEFAULT").

Assignment of Management Agreement. As additional collateral security for the Loan, Borrower hereby conditionally transfers, sets over and assigns to Lender all of Borrower's ’s right, title and interest in and to the Management Agreement, and in and to any operating accounts contemplated by the Management Agreement, said transfer and assignment to automatically become a present, unconditional assignment, at Lender's ’s option, upon and during in the continuance event of an Event of Default a default by Borrower under the Loan Agreement or any of the other Loan Documents.

Assignment of Management Agreement. As additional collateral security for the Loan, Borrower hereby conditionally transfers, sets over and assigns to Lender all of Borrower's right, title and interest in and to the Management Agreement, said transfer and assignment to automatically become a present, unconditional assignment, at Lender's option, upon and during in the continuance event of an Event of Default a default by Borrower under the Loan Agreement or Documents, including but not limited to escrow agreements, and the failure of Borrower to cure such default within any of the other Loan Documentsapplicable grace period.

Assignment of Management Agreement. As additional collateral security for the Loan, Borrower hereby conditionally transfers, sets over and assigns to Lender all of Borrower's ’s right, title and interest in and to the Management Agreement, said Agreement and all extensions and renewals. This transfer and assignment to will automatically become a present, unconditional assignment, at Lender's ▇▇▇▇▇▇’s option, upon and during the continuance of an Event of Default a default by Borrower under the Loan Agreement or Documents (each, an “Event of Default”), and the failure of Borrower to cure such Event of Default within any of the other Loan Documentsapplicable grace period.

Assignment of Management Agreement. As additional collateral security for the Loan, Borrower hereby conditionally transfers, sets over and assigns to Lender all of Borrower's ’s right, title and interest in and to the Management Agreement, said transfer and assignment to automatically become a present, unconditional assignment, at Lender's ’s option, upon the occurrence and during the continuance continuation of an Event of Default by Borrower under the Loan Agreement or any of the other Loan DocumentsDefault.

Assignment of Management Agreement. As additional collateral security for the Loan, Borrower hereby conditionally collaterally transfers, sets over and assigns to Lender Administrative Bank all of Borrower's ’s right, title and interest in and to the Management Agreement, said transfer and assignment to automatically become a present, unconditional assignment, at Lender's Administrative Bank’s option, upon the occurrence and during the continuance of an Event of Default by Borrower under the Loan Agreement or any of the other Loan DocumentsDefault.