Common use of Assignment of Subleases Clause in Contracts

Assignment of Subleases. (a) Existing Subleases are hereby assigned by Lessor to Lessee for the Term, and Lessee assumes and agrees to perform each and every obligation of the landlord with respect to the Existing Subleases affecting the Leased Property, whether such obligations accrued prior to the Closing Date or accrue during the period from and after the Closing Date to the date such Existing Subleases are absolutely reassigned to Lessor as provided in Section 9.7(b) hereof. (b) Upon the expiration of the Term in circumstances in which Lessee is returning the Leased Property to Lessor in accordance with Article 13 hereof, (1) each Existing Sublease and (2) each and every sublease that Lessee may enter into with respect to the Leased Property from time to time after the Closing Date (the "Assigned Subleases") in the Leased Property shall automatically and without further action of Lessor or Lessee be assigned to Lessor, in all cases free and clear of all Liens except Lessor's Liens and Owner Participant's Liens. Upon Lessor's reasonable request, Lessee shall execute an assignment of leases in form and substance reasonably satisfactory to Lessor confirming the foregoing.