Common use of Assignment of Rents Clause in Contracts

Assignment of Rents. With reference to any assignment by Landlord of Landlord’s interest in this Lease, or the rents payable hereunder, conditional in nature or otherwise, which assignment is made to the holder of a mortgage or ground lease on property which includes the Premises, Tenant agrees: (a) that the execution thereof by Landlord, and the acceptance thereof by the holder of such mortgage, or the ground lessor, shall never be treated as an assumption by such holder or ground lessor of any of the obligations of Landlord hereunder, unless such holder or ground lessor shall, by notice sent to Tenant, specifically otherwise elect; and (b) that, except as aforesaid, such holder or ground lessor shall be treated as having assumed Landlord’s obligations hereunder only upon foreclosure of such holder’s mortgage and the taking of possession of the Premises, or in the case of a ground lessor, the assumption of Landlord’s position hereunder by such ground lessor.

Assignment of Rents. With reference to any assignment by the Landlord of the Landlord’s interest in this Lease, or the rents payable hereunder, conditional in nature or otherwise, which assignment is made to the holder of a mortgage or a ground lease lessor on property which includes the Premises, the Tenant agrees:; (a) that That the execution thereof by the Landlord, and the acceptance thereof by the holder of such mortgage, mortgage or the ground lessor, shall never be treated as an assumption by such holder or ground lessor of any of the obligations of the Landlord hereunder, unless such holder or ground lessor shall, by notice sent to the Tenant, specifically otherwise electmake such election; and (b) thatThat, except as aforesaid, such holder or ground lessor shall be treated as having assumed the Landlord’s obligations hereunder only upon foreclosure of such holder’s mortgage and or the taking of possession of the PremisesProperty, or or, in the case of a ground lessor, the assumption termination of Landlord’s position hereunder by such the ground lessorlease.

Assignment of Rents. With reference to any assignment by Landlord of Landlord’s interest in this Lease, or the rents payable hereunder, conditional in nature or otherwise, which assignment is made to the holder of a mortgage or ground lease on property which that includes the Premises, Tenant ▇▇▇▇▇▇ agrees: (a) that the execution thereof by Landlord▇▇▇▇▇▇▇▇, and the acceptance thereof by the holder of such mortgage, or the ground lessor, shall never be treated as an assumption by such holder or ground lessor of any of the obligations of Landlord hereunder, unless such holder or ground lessor shall, by notice sent to Tenant, specifically otherwise elect; and (b) that, except as aforesaid, such holder or ground lessor shall be treated as having assumed Landlord’s obligations hereunder only upon foreclosure of such holder’s mortgage and the taking of possession of the Premises, or in the case of a ground lessor, the assumption of Landlord’s position hereunder by such ground lessor.

Assignment of Rents. With reference to any assignment by the Landlord of the Landlord’s interest in this Lease, or the rents payable hereunder, conditional in nature or otherwise, which assignment is made to the holder of a mortgage or a ground lease lessor on property which includes the Premises, the Tenant agrees: (a) that That the execution thereof by the Landlord, and the acceptance thereof by the holder of such mortgage, mortgage or the ground lessor, shall never be treated as an assumption by such holder or ground lessor of any of the obligations of the Landlord hereunder, unless such holder or ground lessor shall, by notice sent to the Tenant, specifically otherwise electmake such election; and (b) thatThat, except as aforesaid, such holder or ground lessor shall be treated as having assumed the Landlord’s obligations hereunder only upon foreclosure of such holder’s mortgage and or the taking of possession of the PremisesProperty, or or, in the case of a ground lessor, the assumption termination of Landlord’s position hereunder by such the ground lessorlease.

Assignment of Rents. With reference to any assignment by the Landlord of the Landlord’s interest in this Lease, or the rents payable hereunder, conditional in nature or otherwise, which assignment is made to the holder of a mortgage or a ground lease lessor on property which includes the Premises, the Tenant agrees:; (a) that That the execution thereof by the Landlord, and the acceptance thereof by the holder of such mortgage, mortgage or the ground lessor, shall never be treated as an assumption by such holder or ground lessor of any of the obligations of the Landlord hereunder, unless such holder or ground lessor shall, by notice sent to the Tenant, specifically otherwise electmake such election; and (b) thatThat, except as aforesaid, such holder or ground lessor shall be treated as having assumed the Landlord’s obligations hereunder only upon foreclosure of such holder’s mortgage and or the taking of possession of the PremisesProperty, or or, in the case of a ground lessor, the assumption termination of Landlord’s position hereunder by such the ground lessor.lease

Assignment of Rents. With reference to any assignment by Landlord of Landlord’s interest in this Lease, or the rents payable hereunder, conditional in nature or otherwise, which assignment is made to the holder of a mortgage or ground lease on property which prop- erty that includes the Premises, Tenant ▇▇▇▇▇▇ agrees: (a) that the execution thereof by Landlord▇▇▇▇▇▇▇▇, and the acceptance thereof by the holder of such mortgage, or the ground lessor, shall never be treated as an assumption by such holder or ground lessor of any of the obligations of Landlord hereunder, unless such holder or ground lessor shall, by notice sent to Tenant, specifically otherwise other- wise elect; and (b) that, except as aforesaid, such holder or ground lessor shall be treated as having assumed Landlord’s obligations obliga- tions hereunder only upon foreclosure of such holder’s mortgage and the taking of possession of the Premises, or in the case of a ground lessor, the assumption of Landlord’s position hereunder by such ground lessor.

Assignment of Rents. With reference to any assignment by Landlord of Landlord’s 's interest in this Lease, or the rents payable hereunder, conditional in nature or otherwise, which assignment is made to the holder of a mortgage or ground lease on property which includes the Premises, Tenant agrees: (a) that the execution thereof by Landlord, and the acceptance thereof by the holder of such mortgage, or the ground lessor, shall never be treated as an assumption by such holder or ground lessor of any of the obligations of Landlord hereunder, unless such holder or ground lessor shall, by notice sent to Tenant, specifically otherwise elect; and (b) that, except as aforesaid, such holder or ground lessor shall be treated as having assumed Landlord’s 's obligations hereunder only upon and only with respect to obligations occurring after foreclosure of such holder’s 's mortgage and the taking of possession of the Premises, or in the case of a ground lessor, the assumption of Landlord’s 's position hereunder by such ground lessor.

Assignment of Rents. With reference to any assignment by the Landlord of the Landlord’s interest in this Lease, or the rents payable hereunder, conditional in nature or otherwise, which assignment is made to the holder of a mortgage or a ground lease lessor on property which includes the Premises, the Tenant agrees: (a) that ; That the execution thereof by the Landlord, and the acceptance thereof by the holder of such mortgage, mortgage or the ground lessor, shall never be treated as an assumption by such holder or ground lessor of any of the obligations of the Landlord hereunder, unless such holder or ground lessor shall, by notice sent to the Tenant, specifically otherwise electmake such election; and (b) thatand That, except as aforesaid, such holder or ground lessor shall be treated as having assumed the Landlord’s obligations hereunder only upon foreclosure of such holder’s mortgage and or the taking of possession of the PremisesProperty, or or, in the case of a ground lessor, the assumption termination of Landlord’s position hereunder by such the ground lessorlease.