Absolute Assignment of Leases and Rents definition

Absolute Assignment of Leases and Rents means the Loan Document bearing this heading.
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Absolute Assignment of Leases and Rents means the Loan Document bearing this heading. an “Affiliate” of any person means any entity controlled by, or under common control with, that person.
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Absolute Assignment of Leases and Rents means that certain Absolute Assignment of Leases and Rents substantially in the form set forth in Exhibit 6, with appropriate insertions, to be executed by ▇▇▇▇▇▇▇▇ and delivered to lender at the Closing of the Loan, by which Borrower grants Lender the rights set forth therein to secure full payment of the Loan and complete performance of this Agreement.
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Examples of Absolute Assignment of Leases and Rents in a sentence

  • To secure, among other things, the payment and performance of all sums and obligations owing by Seller under the Loan, Seller has granted or will grant to the Administrative Agent as agent for the Lenders, a Construction Mortgage with Absolute Assignment of Leases and Rents, Security Agreement, Fixture Filing and Financing Statement (the “Mortgage”), covering Seller's interest in the Land and the Project, including the Property covered by this Agreement.

  • The Lender may, however, terminate the license by written Notice to the Borrower on certain conditions set forth in the Absolute Assignment of Leases and Rents.

  • Under the Absolute Assignment of Leases and Rents, the Borrower has assigned to the Lender, and to its successors and assigns, all of the Borrower’s right and title to, and interest in, the Leases, including all rights under the Leases and all benefits to be derived from them.

  • The Borrower shall not, without the prior written consent of the Lender, demolish, reconfigure, or materially alter the structural elements of the Improvements, unless such an action is the obligation of the Borrower under a Lease approved by Lender or for which the Lender's approval is not required under the Absolute Assignment of Leases and Rents.

  • The form of AIMCO Loan Documents attached to the Contract as Exhibit I (Secured Promissory Note), Exhibit J (AIMCO Loan Security Instrument), Exhibit K (Absolute Assignment of Leases and Rents) and Exhibit M (Environmental Indemnity) shall be deleted and replaced with Exhibit I, Exhibit J, Exhibit K and Exhibit M attached to this Amendment.

  • Mortgagor acknowledges that, concurrently herewith, Mortgagor has executed and delivered to Lender, as additional security for the repayment of the Loan, an Absolute Assignment of Leases and Rents (the “Assignment”) pursuant to which Mortgagor has assigned to Lender interests in the leases of the Premises and the rents and income from the Premises.

  • This assignment is present and absolute, but under the terms of the Absolute Assignment of Leases and Rents, the Lender has granted the Borrower a conditional license to collect and use the Rents, and to exercise the rights assigned, in a manner consistent with the Obligations, all as more particularly set forth in the Absolute Assignment of Leases and Rents.

  • This assignment is present and absolute and includes all rights conferred by RCW 7.28.230 and related laws, statutes and cases, as amended, but under the terms of the Absolute Assignment of Leases and Rents, the Lender has granted the Borrower a conditional license to collect and use the Rents, and to exercise the rights assigned, in a manner consistent with the Obligations, all as more particularly set forth in the Absolute Assignment of Leases and Rents.

  • Exhibit A to Open-End Mortgage with Absolute Assignment of Leases and Rents, Security Agreement and Fixture Filing executed by KBSII I-81 INDUSTRIAL PORTFOLIO TRUST, a Delaware statutory trust, as Mortgagor for the benefit of ▇▇▇▇▇ FARGO BANK, NATIONAL ASSOCIATION, acting as Administrative Agent for certain lenders, as Mortgagee, dated as of February 8, 2011.

  • Absolute Assignment of Leases and Rents, dated March 22, 2005, executed by and among H▇▇▇▇ 7▇ ▇▇▇▇ ▇▇▇▇▇▇▇ LP (“Hines 70”) and The Northwestern Mutual Life Insurance Company (“NWM”).


More Definitions of Absolute Assignment of Leases and Rents

Absolute Assignment of Leases and Rents means the Loan Document bearing this heading. “Affiliate” of any Person means any entity controlled by, or under common control with, that Person.
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Absolute Assignment of Leases and Rents means the Loan Document bearing this heading. "Appurtenances" means all rights, estates, titles, interests, privileges, easements, tenements,
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Absolute Assignment of Leases and Rents means the Loan Document bearing this heading. Deed of Trust, Security Agreement and Fixture Filing 1 Wallingford Plaza, Seattle, Washington AEGON Loan No. 10518230 99068637.3 0027988-00963
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Related to Absolute Assignment of Leases and Rents

  • Assignment of Leases and Rents means the Assignment of Leases and Rents, executed by Borrower for the benefit of Lender, and pertaining to leases of space in the Project.

  • Assignment of Leases With respect to any Mortgaged Property, any assignment of leases, rents and profits or similar agreement executed by the Mortgagor, assigning to the mortgagee all of the income, rents and profits derived from the ownership, operation, leasing or disposition of all or a portion of such Mortgaged Property, in the form which was duly executed, acknowledged and delivered, as amended, modified, renewed or extended through the date hereof and from time to time hereafter.

  • Assignment of Lease means the Assignment of Lease to be executed by the Seller and the Purchaser at the Closing with respect to each parcel of Leased Real Property listed on Section 3.14(b) of the Disclosure Schedule, substantially in the form of Exhibit 1.01(b).

  • Assignment of Rents and Leases means, with respect to the Mortgaged Property, an Assignment of Rents and Leases (and, if there are more than one, each and every one of them), dated as of the Closing Date, granted by the Borrower to Lender with respect to the Leases, as same may thereafter from time to time be supplemented, amended, modified or extended.

  • Assignment of Rents means a transfer of an interest in rents in connection with an obligation secured by real property located in this state and from which the rents arise.