Common use of Lessor authorized to execute Assignment of Lease Clause in Contracts

Lessor authorized to execute Assignment of Lease. 20.14.1. If the Lessee refuses, neglects or fails to execute in registrable form, and deliver to the Homeowners Corporation, the Severed Phases Assignment as provided in subsection 20.10.2 within 10 days of the notice under subsection 20.10.1, the Lessor is irrevocably authorized for and on behalf of the Lessee to execute and deliver the Severed Phases Assignment and such other documents as are required (if any) to be executed and delivered by the Lessee to give effect to the provisions of subsection 20.10.

Appears in 2 contracts

Sources: Commercial Ground Lease, Commercial Ground Lease