Common use of Assignment of Rents and Leases Clause in Contracts

Assignment of Rents and Leases. An Assignment of Rents and Leases dated as of even date herewith (the “Assignment of Rents”), duly executed by Borrower to and for the benefit of Lender, collaterally assigning to Lender all of Borrower’s rents, leases and profits of the Project as security for the Note, the Loan and all obligations of Borrower in connection therewith.

Assignment of Rents and Leases. An Assignment Assignments of Rents and Leases dated as of even date herewith (the “Assignment Assignments of Rents”), duly executed by Borrower to and for the benefit of Lenderthe Bank, collaterally assigning to Lender the Bank all of Borrower’s rents, leases and profits of the Project Property as security for the Note, the Loan and all obligations of Borrower in connection therewith.