Acquisition of New Interests. If the Ground Lease shall be rejected, canceled, or terminated, and if Mortgagee or its nominee thereafter or in connection therewith shall acquire any right, title, interest or estate in or to the Mortgaged Property (which may include without limitation any new lease of the Mortgaged Property) then Mortgagor shall have no right, title, interest or estate in or to such new lease, or the leasehold estate created by such new lease, or any other interest of Mortgagee or its nominee in the Mortgaged Property.
Appears in 2 contracts
Samples: HRPT Properties Trust, HRPT Properties Trust
Acquisition of New Interests. If the Ground Lease shall be rejected, canceled, or terminated, and if Mortgagee Beneficiary or its nominee thereafter or in connection therewith shall acquire any right, title, interest or estate in or to the Mortgaged Property (which may include without limitation any new lease of the Mortgaged Property) then Mortgagor Trustor shall have no right, title, interest or estate in or to such new lease, or the leasehold estate created by such new lease, or any other interest of Mortgagee Beneficiary or its nominee in the Mortgaged Property.
Appears in 2 contracts
Samples: HRPT Properties Trust, HRPT Properties Trust
Acquisition of New Interests. If the Ground Lease shall be rejected, canceled, or terminated, and if Mortgagee Beneficiary or its nominee thereafter or in connection therewith shall acquire any right, title, interest or estate in or to the Mortgaged Property Leasehold Parcel (which may include without limitation any new lease Lease of the Mortgaged PropertyLeasehold Parcel) then Mortgagor Trustor shall have no right, title, interest or estate in or to such new leaseLease, or the leasehold estate created by such new lease, or any other interest of Mortgagee Beneficiary or its nominee in the Mortgaged PropertyLeasehold Parcel.
Appears in 1 contract
Samples: Leasehold and Fee (Grubb & Ellis Healthcare REIT, Inc.)
Acquisition of New Interests. If the Ground Lease shall be rejected, canceled, or terminated, and if Mortgagee Agent or its nominee thereafter or in connection therewith shall acquire any right, title, interest or estate in or to the Mortgaged Property Premises (which may include without limitation any new lease Lease of the Mortgaged PropertyPremises) then Mortgagor shall have no right, title, interest or estate in or to such new leaseLease, or the leasehold estate created by such new lease, or any other interest of Mortgagee Agent or its nominee in the Mortgaged PropertyPremises.
Appears in 1 contract
