Common use of Assignment of the Lease Clause in Contracts

Assignment of the Lease. The Tenant hereby assigns to the Assignee as of the Effective Date all of the right, title, benefit and interest of the Tenant in and to the Premises, together with the unexpected residue of the Term and the Lease and all the benefit and advantage to be derived therefrom, to hold the same unto the Assignee henceforth for and during the residue of the Term, subject to the payment of the rent and performance of the covenants and agreements of the Tenant under the Lease.

Assignment of the Lease. The Tenant hereby assigns assignees to the Assignee as of the Effective Date all of the right, title, benefit title and interest of the Tenant in and to the Premises, together with the unexpected unexpired residue of the Term and the Lease lease and all the benefit and advantage to be derived therefrom, to hold the same unto the Assignee henceforth for and the during the residue of the Term, subject to the payment of the rent and performance of the covenants and agreements of the Tenant tenant under the Lease.