Example ContractsClausesAssignment and Assumption of Lease and Security Deposits
Assignment and Assumption of Lease and Security Deposits
Assignment and Assumption of Lease and Security Deposits contract clause examples

Assignment and Assumption of Lease and Security Deposits. An assignment and assumption of Lease and Security Deposits and, to the extent required elsewhere in this Agreement, in the form attached hereto as [Schedule 2] (the “Assignment and Assumption of Lease”);

Assignment and Assumption. The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, and shall pay or cause to be paid to the Administrative Agent a processing and recordation fee in the amount of $3,500; provided, however, that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment, and such fee shall be waived in the event of an assignment by a Lender to its Affiliate. The assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire.

Ground Lease Rentals and Ground Lease Security Deposits. All rentals and other charges due from the lessee under the Ground Leases (collectively, “Ground Lease Rentals”), shall be prorated such that Seller shall be responsible for all Ground Lease Rentals attributable to the period prior to the Closing Date and Purchaser shall be responsible for all Ground Lease Rentals attributable to the period from and thereafter such date. Seller shall assign to Purchaser all unapplied deposits held by the Ground Lessor pursuant to the Ground Lease as of the date of Closing, and such amounts shall be credited to Seller’s account and increase the amount of funds payable by Purchaser at Closing. The amount of any Ground Lease Rentals paid by Seller on the Closing Date and applicable to the period from and after Closing shall be credited to Seller and increase the amount of funds payable by Purchaser at Closing.

Assignment and Assumption. The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee in the amount of $3,500; provided, that, the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment. The assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire.

Assignment and Assumption. The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee in the amount of $3,500; provided that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment; and provided, further, that in no event shall the Borrower be required to pay such fee. The assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire.

Assignment and Assumption. The parties to each assignment shall execute and deliver to the Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500, provided, that the Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment; and provided, further, that it is hereby agreed that no such fee shall be payable in connection with the initial syndication hereof (notwithstanding that such initial syndication may not be completed until after the Closing Date). The assignee, if it shall not be a Lender, shall deliver to the Agent an Administrative Questionnaire.

Assignment and Assumption. The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee in the amount of $3,500; provided, however, that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment. The assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire.

Assignment and Assumption. The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee in the amount of $3,500; provided, however, that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment.

Assignment of Security Deposits. Assignor hereby sells, transfers and assigns to Assignee all of its right, title and interest in and to those security deposits held by Assignor pursuant to the Leases, and identified on Attachment B attached hereto and made a part hereof (collectively, the “Security Deposits”), which Assignee shall segregate and maintain as required by applicable law and the terms of the Leases.

Assignment and Assumption of Lease and Security Deposits. An assignment and assumption of Lease and Security Deposit in the form attached hereto as SCHEDULE 2 (each, an "Assignment and Assumption of Lease");

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