Assignment Of Leases

Assignment Of Leases-42
Assignments of Leases and Rents means each of those certain Assignments of Leases and Rents, dated as of August 28, 2003, by each Borrower and Operator in favor of the Administrative Agent (on behalf of the Lenders), as amended by a certain modification agreement dated as of the date hereof by each Borrower, each Operator and the Administrative Agent.Assignments of Leases and Rents means each of those certain Assignments of Leases and Rents, dated as of August 28, 2003, or December 22, 2005, as applicable, by each Borrower and Operator in favor of the Administrative Agent (on behalf of the Lenders), in each case as the same may be joined in, amended, ratified, confirmed, or consented to from time to time.We can help you in negotiation, securing the future of your business, and ensuring an amicable and efficient solution for all concerned.

Assignments of Leases and Rents means each of those certain Assignments of Leases and Rents, dated as of August 28, 2003, by each Borrower and Operator in favor of the Administrative Agent (on behalf of the Lenders), as amended by a certain modification agreement dated as of the date hereof by each Borrower, each Operator and the Administrative Agent.Assignments of Leases and Rents means each of those certain Assignments of Leases and Rents, dated as of August 28, 2003, or December 22, 2005, as applicable, by each Borrower and Operator in favor of the Administrative Agent (on behalf of the Lenders), in each case as the same may be joined in, amended, ratified, confirmed, or consented to from time to time.We can help you in negotiation, securing the future of your business, and ensuring an amicable and efficient solution for all concerned.

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If you’re unhappy about your current commercial lease situation, an assignment of lease may be the answer.

If you know or can find someone who would be willing to take over as tenant of the property, you can apply to your landlord for an assignment of lease.

Any additional assignments shall require Lessors' consent as set forth in the Lease. Lessor may Transfer all or any portion of its right, title or interest under this Lease without the consent of the Lessee, except that an assignment to any company engaged in the terminalling, storage, throughput and/or transloading of crude oil and petroleum products shall require Lessee’s consent unless (a) a Lessee Event of Default has occurred, (b) Lessee has delivered a termination notice to Lessor under Section 25.5, or (c) Lessee has failed to exercise its Renewal Option prior to the date that is twenty-one (21) months before the Current Lease Term End.

Upon any such Transfer Lessor shall be released from all future liability in or arising out of this Lease to the extent of its assignment. Assignor hereby assigns all of its right, title and interest in and to the Lease to Assignee.

Some leases may contain restrictions on assignments or subleases.

Value Of Homework - Assignment Of Leases

In the era that preceded the Bankruptcy Reform Act of 1978 and its enactment of the Bankruptcy Code, bankruptcy estates often lost the value of leases and other contracts that could have been realized for creditors by use or sale as a result of termination provisions (either discretionary or ), limitations or outright prohibitions on assignment, and counterparty self-help.[1] The Code sought to preserve that value for creditors by a skein of related provisions that (among other things) greatly strengthened the automatic stay,[2] rendered bankruptcy termination provisions unenforceable,[3] and constrained provisions that limit the assignment of contracts for value by bankruptcy estates.[4] The constraint on provisions limiting assignments not only outlaws any provision in a contract or lease (and not only so, but also “in applicable law”) that “prohibits .

Assignments of Leases and Rents Either a collateral or an absolute assignment of leases and rents may be accom- plished within the deed of trust or by separate instrument, and both practices are common and equally effective.

All references in the Loan Documents to the Credit Agreement, the Guaranty, the Mortgages and the Assignments of Leases and Rents shall be deemed a reference to the Credit Agreement, the Guaranty, the Mortgages and the Assignments of Leases and Rents, as modified and amended herein or pursuant hereto.

The new tenant will be vetted in the same way as you, with financial checks and references, and will have to sign the lease themselves.

An assignment of lease might be the best thing for your business, but to make sure that you act within the law, and to know where you stand, call us for help in contacting your landlord.

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