Assignments of Leases and Rents Sample Clauses

Assignments of Leases and Rents. The Assignments of Leases and Rents create a valid assignment of, or a valid security interest in, certain rights under the Leases, subject only to a license granted to Borrowers to exercise certain rights and to perform certain obligations of the lessor under the Leases, including the right to operate the Properties. No Person other than Lender has any interest in or assignment of the Leases or any portion of the Rents due and payable or to become due and payable thereunder.

Assignments of Leases and Rents. There exists as part of the related Purchased Loan File an Assignment of Leases (either as a separate instrument or incorporated into the related Mortgage). Subject to the Permitted Encumbrances, each related Assignment of Leases creates a valid first-priority collateral assignment of, or a valid first-priority lien or security interest in, rents and certain rights under the related lease or leases, subject only to a license granted to the related Mortgagor to exercise certain rights and to perform certain obligations of the lessor under such lease or leases, including the right to operate the related leased property, except as the enforcement thereof may be limited by the Standard Qualifications. The related Mortgage or related Assignment of Leases, subject to applicable law, provides that, upon an event of default under the Purchased Loan, a receiver is permitted to be appointed for the collection of rents or for the related mortgagee to enter into possession to collect the rents or for rents to be paid directly to the mortgagee.

Assignments of Leases and Rents. Not later than ninety (90) days following the Closing Date, at its own expense, the Initial Borrower shall have caused to be filed and/or recorded in the appropriate jurisdictions (i) assignments of leases and rents sufficient to create for the benefit of Lender a perfected lien on the Initial Borrower’s interest in any and all Leases now existing or subsequently entered into in respect of the Other Pledged Sites and the right to receive and collect the revenues, income and rents arising from the Other Pledged Sites and (ii) assignments of the foregoing assignments from the Lender to the Trustee sufficient to assign such lien to the Trustee for the benefit of the Certificateholders.

Assignments of Leases and Rents. The second assignments of rents and leases from the Mortgagor to the Agent pursuant to which the Mortgagor shall grant and assign to the Agent as agent for the Lenders a security interest in and assignment of the Mortgagor’s interest as lessor with respect to all Leases and rents thereunder of all or any part of the Mortgaged Properties as security for the Obligations, subject to the liens in favor of the “Agent” under the Secured Revolving Credit Agreement.

Assignments of Leases and Rents. Not later than ninety (90) days following the Original Closing Date, at its own expense, SBA Properties shall have delivered to be filed and/or recorded in the appropriate jurisdictions (i) assignments of leases and rents or other appropriate documents, based on the existing mortgage form, sufficient to create for the benefit of the Lender a perfected lien on SBA Properties’ interest in any and all Leases now existing or subsequently entered into in respect of the Other Pledged Sites and the right, following an Event of Default, to receive and collect the revenues, income and rents arising from the Other Pledged Sites and (ii) assignments of the foregoing assignments from the Lender to the Trustee sufficient to assign such lien to the Trustee for the benefit of the Securityholders.

Assignments of Leases and Rents. The assignments of rents and leases from the Borrower to the Agent pursuant to which the Borrower shall grant and assign to the Agent as agent for the Lenders a security interest in and assignment of the Borrower's interest as lessor with respect to all Leases and rents thereunder of all or any part of the Mortgaged Properties. Balance Sheet Date. December 31, 2000. Base Rate. The variable per annum rate of interest designated from time to time by FNB as its Prime Rate. The Prime Rate is a reference rate and does not necessarily represent the lowest or best rate being charged to any customer. Base Rate Loans. Those Loans bearing interest calculated by reference to the Base Rate.

Assignments of Leases and Rents. As additional security, Grantor hereby assigns to Beneficiary all rents accruing on the Property. Grantor shall have the right to collect and retain the rents until the occurrence of an Event of Default (as defined in the Loan Agreement). Upon the occurrence of an Event of Default, Beneficiary in person, by an agent or by a judicially appointed receiver shall be entitled to enter upon, take possession of and manage the Property and collect the rents. All rents so collected shall be applied first to the costs of managing the Property and collecting the rents, including fees for a receiver and an attorney, commissions to rental agents, repairs and other necessary related expenses and then to payments on the amount of the Secured Obligations then remaining unpaid.

Assignments of Leases and Rents i. The term “First Assignments” means that document (or those documents) identified on Exhibit B hereto as a “First Assignment of Leases and Rents” executed by Borrower.

Assignments of Leases and Rents collectively, each assignment of leases and rents executed by Borrower or Guarantor in favor of Lender pertaining to the Leases and Rents applicable to the Real Estate identified therein, as the same may be amended, modified, supplemented or restated from time to time.