Common use of Consent of Company Mortgagee Required Clause in Contracts

Consent of Company Mortgagee Required. No cancellation or surrender of this Agreement by the Company prior to the commencement of the Initial Term (as defined in the Lease) shall be effective as to any Company Mortgagee unless resulting from a failure or refusal by a Company Mortgagee to comply timely with the provisions of this Section 7 respecting the cure of Events of Default under this Agreement. No Company Mortgagee shall be bound by any material modification of this Agreement unless such modification is consented to by such Company Mortgagee, which consent shall not be unreasonably withheld unless the modification adversely affects the value of the Company Mortgagee's collateral.

Consent of Company Mortgagee Required. No cancellation or surrender of this Agreement by the Company prior to the commencement of the Initial Term (as defined in the Lease) shall be effective as to any Company Mortgagee unless resulting from a failure or refusal by a Company Mortgagee to comply timely with the provisions of this Section 7 5.2 respecting the cure of Events of Default under this Agreement. No Company Mortgagee shall be bound by any material modification of this Agreement unless such modification is consented to by such Company Mortgagee, which consent shall not be unreasonably withheld unless the modification adversely affects the value of the Company Mortgagee's collateral.

Consent of Company Mortgagee Required. No cancellation or surrender of this Agreement Lease by the Company prior to the commencement expiration of the Initial Term (as defined in the Lease) shall be effective as to any Company Mortgagee unless resulting from a failure or refusal by a Company Mortgagee to comply timely with the provisions of this Section 7 13 respecting the cure of Events of Default under this AgreementLease. No Company Mortgagee shall be bound by any material modification of this Agreement Lease unless such modification is consented to by such Company Mortgagee, which consent shall not be unreasonably withheld unless the modification adversely affects the value of the Company Mortgagee's collateral.