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Common use of LICENSE TO COLLECT Clause in Contracts

LICENSE TO COLLECT. Subject to Mortgagee's rights under Section 11, Mortgagee hereby confers upon Mortgagor a non-exclusive license to collect and retain the Rents as they become due and payable.

Appears in 2 contracts

Sources: Leasehold Mortgage, Assignment of Leases and Rents and Security Agreement (General Housing Inc), Deed to Secure Debt, Assignment of Leases and Security Agreement (General Housing Inc)

Related Clauses

  • Taxes and Fees Imposed on Purchasing Party But Collected And Remitted By Providing Party
  • Sublicense to Use the Scudder Trademarks
  • License to Use
  • Intellectual Property Indemnification by Vendor
  • Loss Leader Prohibition

Parent Clauses

  • INSURANCE
  • FAILURE TO COLLECT PROCEEDS
  • STAMP TAX
  • PAYMENT OF TAXES IMPOSED ON BENEFICIARY
  • Leases and Rents

Sub-Clauses

  • ACCELERATION
  • MAINTENANCE OF TRUST PROPERTY
  • DOCUMENTS
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