Nebraska Assignment of Commercial Leases as Collateral for Commercial Loan is a legal document used to secure a commercial loan by using commercial leases as collateral in the state of Nebraska. This arrangement allows a borrower to pledge their rights and interests in the commercial lease agreements to the lender as a form of security for the loan. Keywords: Nebraska, Assignment, Commercial Leases, Collateral, Commercial Loan There are different types of Nebraska Assignment of Commercial Leases as Collateral for Commercial Loan, including: 1. Absolute Assignment: This type involves a complete transfer of the borrower's rights and interests in the commercial leases to the lender. The lender assumes full control over the leases and is entitled to receive all payments, rents, and other income generated from the leased properties. 2. Conditional Assignment: In this type, the assignment of commercial leases as collateral for a commercial loan is conditioned upon the borrower defaulting on the loan. If the borrower fails to fulfill their repayment obligations, the lender can enforce the assignment and step in to manage and collect the rents from the leased properties. 3. Partial Assignment: This type allows the borrower to assign only a portion of their rights and interests in the commercial leases to the lender. It could be a specific dollar amount or a percentage of the rents received from the leased properties. This type of assignment provides flexibility for borrowers who want to retain some control over their leases while securing a commercial loan. 4. Revocable Assignment: In certain cases, the borrower may have the option to revoke or cancel the assignment of commercial leases as collateral for a commercial loan. This type of assignment offers more flexibility to the borrower, providing them with the ability to regain complete control over their leases if certain conditions are met. 5. Irrevocable Assignment: In contrast to a revocable assignment, an irrevocable assignment permanently transfers the borrower's rights and interests in the commercial leases to the lender. The borrower cannot revoke or cancel the assignment, and the lender has full rights to manage the leases and collect rents throughout the loan term. It is crucial for both borrowers and lenders to consult legal professionals experienced in commercial loan transactions in Nebraska to ensure that the Assignment of Commercial Leases as Collateral is drafted accurately and in compliance with state laws.