We continue to recover value were possible and, to this end, the assignment of leases
of closed stores continues apace, as does the collection of international debtors.
It involved arranging the assignment of leases
on two buildings and the sale of two others.
A merger allows the acquirer to avoid many of the costly and time-consuming aspects of asset purchases, such as the assignment of leases
and bulk-sales notifications.
An amendment to the original complaint was to be filed Friday after an assignment of leases
document was prepared.
A revised Assignment of Leases
and Rents--provides broader lender protection in the event of a borrower bankruptcy filing.
The series 2009-FDG certificates represent the beneficial interests in a single non-recourse loan secured by the fee interest in 37 office and industrial buildings, easement interests in the right-of-way along a 351-mile railroad corridor extending from Jacksonville to Miami, the fee interest in 23 parcels adjacent to the railroad corridor, and collateral assignment of interest in the leases, rents, and licenses associated with these parcels, and the collateral assignment of leases
and licenses encumbering five additional parcels adjacent to the rail corridor.
Property owners are quite naturally worried that the company which takes over the lease will not be as good a payer and not have such a strong credit rating as their existing tenant - so refusals to accept assignment of leases
are becoming much more common,' she said.