Common use of Mortgage Protection Clause in Contracts

Mortgage Protection. 28.01 In the event of any default on the part of Landlord, Tenant will give notice by registered or certified mail to any beneficiary of a deed or trust or holder of a security deed or mortgage covering the Leased Premises whose address shall have been furnished it, and shall offer such beneficiary or holder a reasonable opportunity to cure the default, including time to obtain possession of the Leased Premises by power of sale or a judicial foreclosure, if such should prove necessary to effect a cure. OPTION TO RE-LEASE PREMISES

Appears in 2 contracts

Samples: Lease Agreement (Albecca Inc), Lease Agreement (Albecca Inc)

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Mortgage Protection. 28.01 In the event of any default on the part of Landlord, Tenant will give notice by registered or certified mail to any beneficiary of a deed or of trust or holder of a security deed or mortgage covering the Leased Premises whose address shall have been furnished itto Tenant, and shall offer such beneficiary beneficiary, or holder mortgagee a reasonable opportunity to cure the default, including time to obtain possession of the Leased Premises by power of sale or a judicial foreclosure, if such should prove necessary to effect a cure. OPTION TO RE-LEASE PREMISES.

Appears in 2 contracts

Samples: Alpha Technologies Group Inc, Alpha Technologies Group Inc

Mortgage Protection. 28.01 34.01 In the event of any default on the part of Landlord, Tenant will give notice by registered or certified mail to any beneficiary of a deed or trust or holder of a security deed or mortgage covering the Leased Premises whose address shall have been furnished it, and shall offer such beneficiary or holder a reasonable opportunity to cure the default, including time to obtain possession of the Leased Premises by power of sale or a judicial foreclosure, if such should prove necessary to effect a cure. OPTION TO RE-LEASE PREMISES.

Appears in 2 contracts

Samples: Lease Agreement (CNB Holdings Inc /Ga/), Lease Agreement (TRX Inc/Ga)

Mortgage Protection. 28.01 31.01 In the event of any default on the part of Landlordlandlord, Tenant will give notice by registered or certified mail to any beneficiary of a deed or trust or holder of a security deed or mortgage covering the Leased Premises whose address shall have been furnished it, and shall offer such beneficiary or holder a reasonable opportunity to cure the default, including time to obtain possession of the Leased Premises by power of sale or a judicial foreclosure, if such should prove necessary to effect a cure. OPTION TO RE-LEASE PREMISEScure (but no more than 90 days).

Appears in 1 contract

Samples: Lease Agreement (Leisure Time Casinos & Resorts Inc)

Mortgage Protection. 28.01 In the event of any default on the part of Landlord, Tenant will give notice by registered or certified mail to any beneficiary of a deed or of trust or holder mortgagee of a security deed or mortgage covering the Leased Premises whose address shall have been furnished fur­nished it, and shall offer such beneficiary or holder mortgagee a reasonable opportunity to cure the default, including time to obtain possession of the Leased Premises by power of sale or a judicial foreclosure, if such should prove necessary to effect a cure. OPTION TO RE-LEASE PREMISES.

Appears in 1 contract

Samples: Exhibits and Addendums (Ir Biosciences Holdings Inc)

Mortgage Protection. 28.01 In the event of any default on the part of Landlord, Tenant will give notice by registered or certified mail to any beneficiary of a deed or of trust or holder mortgagee of a security deed or mortgage covering the Leased Premises whose address shall have been furnished it, Property and shall offer such the beneficiary or holder mortgagee a reasonable opportunity to cure the default, including time to obtain possession of the Leased Property or the Premises by power of sale or a judicial foreclosure, if such should prove necessary to effect a cure. OPTION TO RE-LEASE PREMISES.

Appears in 1 contract

Samples: Sub Sublease (Computer Literacy Inc)

Mortgage Protection. 28.01 In the event of any default on the part of Landlord, Tenant will give notice by registered or certified mail to any beneficiary of a deed or of trust or holder of a security deed or mortgage covering the Leased Premises whose address shall have been furnished itto Tenant, and shall offer allow such beneficiary or holder mortgagee a reasonable opportunity to cure the default, including time default prior to obtain possession exercise of the Leased Premises by power of sale or a judicial foreclosure, if such should prove necessary to effect a cure. OPTION TO RE-LEASE PREMISESany remedy.

Appears in 1 contract

Samples: Lease Agreement (Tut Systems Inc)

Mortgage Protection. 28.01 In the event of any default on the part of ------------------- Landlord, Tenant will give notice by registered or certified mail to any beneficiary of a deed or of trust or holder mortgagee of a security deed or mortgage covering encumbering the Leased Premises Premises, whose address shall have been furnished itto Tenant, and shall offer such beneficiary or holder mortgagee a reasonable opportunity to cure the default, including time to obtain possession of the Leased Premises by power of sale or a judicial foreclosure, if such should prove necessary to effect a cure. OPTION TO RE-LEASE PREMISES.

Appears in 1 contract

Samples: Sublease Agreement (Verisign Inc/Ca)

Mortgage Protection. 28.01 In the event of any default on the part of Landlord, Tenant will give notice by registered or certified mail to any beneficiary of a deed or of trust or holder mortgagee of a security deed or mortgage covering the Leased Premises Landlord's leasehold estate under this Lease whose address shall have been furnished it, and shall offer such beneficiary or holder mortgagee a reasonable opportunity to cure the default, including time to obtain possession of the Leased Demised Premises by power of sale or a judicial foreclosure, if it such should prove necessary to effect a cure. OPTION TO RE-LEASE PREMISES.

Appears in 1 contract

Samples: Ground Lease Agreement (Wells Real Estate Investment Trust Inc)

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Mortgage Protection. 28.01 31.01 In the event of any default on the part of Landlord, Tenant will give notice by registered or certified mail to any beneficiary of a deed or trust or holder mortgagee of a security deed or mortgage covering the Leased Premises whose address shall have been furnished it, and shall offer such beneficiary or holder mortgagee a reasonable opportunity to cure the default, including time to obtain possession of the Leased Premises by power of sale or a judicial foreclosure, if such should prove necessary to effect a cure. OPTION TO RE-LEASE PREMISES.

Appears in 1 contract

Samples: Lease Agreement (Intelligent Systems Corp)

Mortgage Protection. 28.01 In the event of any default on the part of Landlord, Tenant will give notice by registered or certified mail to any beneficiary of a deed or of trust or holder mortgagee of a security deed or mortgage covering encumbering the Leased Premises whose address shall have been furnished itto Tenant, and before Tenant shall offer have any right to terminate this Lease, Tenant shall grant such beneficiary or holder mortgagee a reasonable opportunity period within which to cure the default, including time to obtain possession of the Leased Premises by power of sale or a judicial foreclosure, if such should prove action is necessary to effect a cure. OPTION TO RE-LEASE PREMISES.

Appears in 1 contract

Samples: Lease Agreement (Emcon)

Mortgage Protection. 28.01 30.01 In the event of any default on the part of Landlord, Tenant will give notice by registered or certified mail to any beneficiary of a deed or trust or holder mortgagee of a security deed or mortgage covering the Leased Premises whose address shall have been furnished it, and shall offer such beneficiary or holder mortgagee a reasonable opportunity to cure the default, including time to obtain possession of the Leased Premises by power of sale or a judicial foreclosure, if such should prove necessary to effect a cure. OPTION TO RE-LEASE PREMISES.

Appears in 1 contract

Samples: Lease Agreement (Intelligent Systems Corp)

Mortgage Protection. 28.01 In the event of any default on the part of Landlord, Tenant will give notice by registered or certified mail to any beneficiary of a deed or of trust or holder mortgagee of a security deed or mortgage covering the Leased Premises whose who has provided Tenant with notice of its interest together with an address shall have been furnished itfor receiving notice, and Tenant, without terminating this Lease, shall offer such beneficiary or holder mortgagee a reasonable opportunity to cure the default, including time to obtain possession of the Leased Premises by power of sale or a judicial foreclosure, if such should prove necessary to effect a cure. OPTION TO RE-LEASE PREMISES.

Appears in 1 contract

Samples: Lease (Ingenex Inc)

Mortgage Protection. 28.01 31.01 In the event of any default on the part of Landlord, Tenant will give notice by registered or certified mail to any beneficiary of a deed or trust or holder of or a security deed or mortgage covering the Leased Premises whose address shall have been furnished it, and shall offer such beneficiary or holder a reasonable opportunity to cure the default, including time to obtain possession of the Leased Premises by power of sale or a judicial foreclosure, if such should prove necessary to effect a cure. OPTION TO RE-LEASE PREMISES.

Appears in 1 contract

Samples: Lease Agreement (MST Enterprises Inc)

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