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<br /> � Agreement, Assignee grants to Assignor a license, revocable as her�inafter. provided, to �y�
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<br /> '• operate and manage the Facility aatd to collect and use the Rents subject to the �����3�`-
<br /> � ' rsquirements of the Loan Agreement. Upon the occunence and durins the cantinusnce •_.�.��
<br /> r of an Event of Default,the license granted to Assignor herein shall, at Assignee's - - -- _
<br /> ' election, be revoked by Assignee, and Assignee shall immediately ba entitled to -, _
<br /> � possession of all Rents then or thereafter in the Collection Account end in the Cash
<br /> � Collateral Account and all Rents collected thereafter(including Rents past due and Y„-;=:,
<br /> ' :� unpaid) whether or not Assignee enters upon or takes control of the Facility. Upon such
<br /> � '� a revocation of the license granted herein, Assignee shall promptly provide Assignar _
<br /> � ° wi4h written notice of s�me. Any Rents coUected by Assignor from and after the date on - -
<br /> ,; � which an Event of Default occun•ed shall be held by Assignor in trust for Assignee. ���
<br /> � Assignee is hereby gr�nted and assigned by Assignor the ri�ht, at its aption, upon �A��
<br /> .� revocation of the license granted herein, to enter upon the Facility in person, by agent ur ,::_
<br /> by court appointed receiver to collect the Rents and apply such Rents in accordanGe with —
<br /> ;� the Lvan A�reement. -
<br />� �! 3. Leases. Assi�nor shall not, without the prior written consent and
<br /> approval of Assignee, enter into, amend or terminate any Material I.eases. �
<br /> � � 4. Covenants. Assignor (a) shall observe and perform all the � -
<br />-� � � obligations imposcd upon the lessor under the Leases except where such failure does ctot
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<br />-; �-.,�.., givo rise to rights of tenant to set-off against rent payments or to terminate the Lease ,
<br />_�'�����'�1• � � and shall not do or permit to be done anything with respect to such L.eases that could
<br />-�_"`' ` have a Material Adverse Effect; (b) shall, in accordance with Assig,nor's ndrmal and ,
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<br />���-���� ���� � customary business practices, enforce the Leases; (c) shall not collect any r�f the Rents
<br />�`''":���.� (other than security deposits) under the Leases more than one month in advance (except ���-
<br />_;�;::.��r��:. that Assignor may collect in advance such security deposits as are permitted pursuant to __
<br />;���''' applicabl� Legal Requirements and are commercially reasonable in the prevailing F
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<br /> _��;��_'-..�� macket); (d) shall not execute any other assignment of lessor's interest in the Leases or �__
<br />=-j1'=�-����' `�� the Rents except a Pcrmitted Trans£er or as otherwise permitted pursuant to the L,oAn -
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<br /> - � A�reem�nt; �e) except to the extent permitted by the Loan Agreement,shall not _ �__
<br />��..�•�,=µ;'� iransfCr c.�r suuer or pe;mii to occur a Transf�:r o� a�l o? any�art of tY�e Facility or of = - -
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<br /> �`�"''�n'`�;;� any tnterest therein so as to effect a merger of the estates and rights of lessees = -
<br />--~��-�" tktereunder; (t� hereby assigns and transfers to Assignee any and all subsequent Leases -
<br />=—'�j �t �-��� and FZexits; and (g)shall,without limiting any other provision hereof, execute and deliver __
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<br />� ° . , at the request of Assignee all such further assurances, confirmations and assignments in _
<br />_'�� . connection with the Facility as Assignee shall from time to time reasonably require. __
<br /> . � 5. SecurityDeposits. Assignor shall collect or cause the collection and -.�--�=��-�:_
<br /> � deposit or cause the deposit of all security deposits directly into the Security Deposit '""'�""''""�"`"
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<br /> 5 Account for the Faciliry in accordance with Section 2.12(a) of the L.oan Agreeznent. Any � •�`��`
<br /> � �� bond or other instrument which Assignor is permitted to hold in Tieu of casli securiry - .'�`�"'����
<br /> � � deposits under applicable Legal Requirements shall be maintained in full force and effect '���'"��'°'�� '
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<br /> = unless eeplaced by cash deposits, shall be issued by a Person reasonably satisfact�ry to ;, : � "�"�'
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