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<br /> _..;;.,,��.++�w Assignec, eball, if permitted pursuant to Legal Requirements, name Assignee as payee or
<br /> � ' beneficlary thereunder (or at Assignee's option, be fully assignable to Assignee) and shall,
<br /> in all respects, be reasonably satisfactory to Assignee. Assignor shall, upon request,
<br /> " `. provide Assignee with evidence reasonably gatisfactory to Assignee of Assignor's _-=
<br /> compllance with the provisions of this ectin S, Upon the occurrence and durIng the �
<br /> continuance of an L�vent of Default, the license gtanted to Assignor herein shall at
<br /> . �� As�ignee's el�ction be automatically revoked by Assignee, and, upon notice of such -
<br /> „ � revocation,Assignee shall immediately be entitled to possession of aU of the security ___
<br /> ,,, dCpClYfl9� rlhether or not Assignee enters upnn or takes contrnl of the Facility and T.
<br /> ', wh�ther or not the security deposits are deposited in ths Security Deposit Accaunt. �`�-
<br /> ti; .. � 6. ReFrescntatiana. Assignor hereby covenants, represents and °�
<br /> warrants to Assignee that Assignor has not and will not (a) execute any other assignment :;=ri
<br />;; of tho Leases or the Rents except in connection with a Permitted Transfer; (b) perform ��•
<br />'��' <� ' any act or execute any o4her instrument which might pr�vent Assignee &om performing �
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<br /> ' under any of the terms and conditions of this Assignment or which would limit Assignee _
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<br /> In such performance; and (c) execute or grant any modi5cation whatsoever of any Lease `��
<br /> -- � which in tUe aggregate might have a MaterIal Adverse Effect; To Assignor's knowledge, �!�
<br />-� •' • - no events or circumstances exist which with or without the giving of notice, the passage �
<br />`""^����j ��." of tlmc or both may constitute a defa�lt under any of the Leases which in the aggregate -'=
<br /> °Y��,��*.�� mlght havc a Material Adversc Effect.
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<br /> `'- �'��� 7. Even� of D�fauit. The occurrence of any one or more of the =_.__.
<br /> �� following events shall constitute an Lvent of Default (an "Event of Default") under this
<br />�R':� Assignment:
<br />- - _-� --
<br /> �-���� � (a) if any representation or warranty made herein shall be false in any -
<br /> .'"°. materlal respect as of the date such representation or wananty was made or remade; —
<br /> --- �rovt�ed-hawever• �if Assignor had no knowledge that such representation or =-
<br /> �-'"—"` wertanty was false then such falsity shall only constitute an Event of Default if Assignor "
<br /> f �� f�ile tn cnre such falsity within ten (10)days of t�e day on which Assignor first had =
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<br /> -= knowicdga�t such fala�ty; ==-
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<br /> ----=-�_�_ (b) subject to the noticc and grace p�riods set forth in Section 7.1(x�) nf —
<br /> the Laan Agreement, a default under any other obligations, agreements,undertakings, -
<br /> =--��-;�� tcrms,cnvcnants� provisions �r eonditions of this Assignment; _
<br /> �-��_�� (c) u default (subJect to applicable notice and cure periods)by Assignor �;u�=—
<br /> �;���:'� under thc termy nf uny nf the Ground Leases; ��r-
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<br /> . . (d) if Asslgnor shaU fai!to observe and perform all the obligations ---
<br />—� � , .� Impused upan the lessor under the Leases except where such failure does not gi.e rise to � '-��__
<br /> . rlghtti of ten�tnt tu set•off�gainst rent payments or to termina¢e the Lease; and =--
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