88102044 - Laserfiche WebLink

Browse

I 88- 102044 5.5 Modification of Leases. Assignor shall not assign, sublet, modify, cancel, terminate or consent to any termination or surrender of any Primary Lease wi thout the prior wri tten consent of Assignee. with respect to any other Lease, Assignor sha 11 not assign, sublet, modi fy, terminate or consent to any surrender of any Lease other than a Primary Lease or terminate or commence any action of ejectment or any summary proceedings for dispossession of the Lessee under any Lease other than a Primary Lease or exercise any right of recapture provided in any Lease other than a Primary Lease, nor modify or in any way alter the terms thereof, except in accordance with the provisions of Section 7.2 of the Loan Agreement. Assignor shall not renew or extend the term of any Lease unless an option therefor was originally so reserved by the Lessee and for a fixed and definite rental, without the prior written consent of Assignee, and Assignor shall not relocate any Lessee within the Property nor consent to any modification of the express purposes for which the Property has been leased, except in accordance wi th the prov is ions of Sect ion 7.2 of the Loan Agreement. 5.6 Delivery of Leases, Notices; Further Acts and Assurance. Unti 1 the Indebtedness has been paid in full and discharged, Assignor wi 11 deliver to Assignee executed copies (or executed originals if requested by Assignee) of all existing and all other and future Leases when executed upon all or any part of the Property and will transfer and assign such other and future Leases upon the same terms and conditions as herein contained, and Assignor hereby covenants and agrees to make, execute and deliver to Assignee, upon demand and at any time or times, any and all assignments and other documents and instruments which Assignee may deem advisable to carry out the tru~ purpose and intent of this Assignment, it being understood and agreed, however, that no such further assignment shall be required for the effectiveness of this Assignment as to any such future Leases. Assignor further covenants and agrees to deliver to Assignee copies of. any and all notices delivered or received by Assignor pertaining to any Primary Lease and, upon the request of Assignee therefor, to deliver to Assignee any notices delivered or received by Assignor under any other Lease. ARTICLE 6 REMEDIES UPON DEFAULT 6.1 Remedies. Upon or any time after the occurrence of an Event of Default, Assignee, at its option, shall have the complete right, power and authority hereunder, then or thereafter, to exercise and enforce any or all of the following rights and remedies: - a - L L ~ L