Consent of Mortgagee Required Sample Clauses

Consent of Mortgagee Required. No cancellation, surrender or modification of this Lease shall be effective without the written consent of the holder of any Mortgage.
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Consent of Mortgagee Required. There shall be no cancellation, modification, surrender or amendment of this Lease without the prior written consent of all Mortgagees, unless an Event of Default has occurred under this Lease and, unless the Event of Default is of a kind or nature that it cannot be cured by the Mortgagee, the Mortgagee has not timely caused said Event of Default to be cured as provided herein. In addition, Landlord and Tenant acknowledge and agree that Tenant may not exercise any renewal option or purchase rights contained in this Lease unless Tenant has obtained the consent of the Mortgagee to such exercise, and Tenant shall give Landlord evidence reasonably satisfactory to Landlord of such consent prior to or contemporaneously with such exercise; otherwise such exercise shall be null and void. Mortgagee (or its nominee or designee) or any purchaser at any foreclosure sale under the Mortgage shall have the right to mortgage its leasehold interest in the Premises as provided in this Paragraph 34.

Related to Consent of Mortgagee Required

  • Condition of Mortgaged Property Except as Borrower may have disclosed to Lender in writing in connection with the issuance of the Commitment Letter, the Mortgaged Property has not been damaged by fire, water, wind or other cause of loss, or any previous damage to the Mortgaged Property has been fully restored.

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