BLANKET ENCUMBRANCE. Lessee is aware of the fact that the Lot may be ------------------- subject to a deed of trust, mortgage, or other lien known as a "Blanket Encumbrance." According to California law, Lessee could lose its interest through foreclosure of the Blanket Encumbrance or other legal process even though Lessee is not delinquent in Lessee's payments or other obligations under the Lease.
Appears in 2 contracts
Samples: Lease Agreement (Jetfax Inc), Lease Agreement (Jetfax Inc)
BLANKET ENCUMBRANCE. Lessee is aware of the fact that the Lot lot on which the Premises are located may be ------------------- subject to a deed of trust, mortgage, or other lien known as a "Blanket Encumbrance." According to California law, Lessee could lose its interest through foreclosure of the Blanket Encumbrance or other legal process even though Lessee is not delinquent in Lessee's payments or other obligations under the Lease.
Appears in 2 contracts
Samples: Lease Agreement (Monterey Pasta Co), Lease Agreement (Learningstar Inc)
BLANKET ENCUMBRANCE. Lessee is aware of the fact that the Lot may be ------------------- subject to a deed of trust, mortgage, mortgage or other lien known as a "Blanket Encumbrance." "). According to California law, Lessee could lose its interest through foreclosure of the Blanket Encumbrance or other legal process even though Lessee is not delinquent in Lessee's payments or other obligations under the Lease.
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