Common use of Continuation of Security Instruments Clause in Contracts

Continuation of Security Instruments. The lien of any Security Instrument that was in effect before rejection of this Lease shall extend to Tenant’s continuing possessory and other rights under 11 U.S.C. § 365(h) in the Premises and this Lease following such rejection, with the same priority as such lien would have enjoyed against the leasehold estate created by this Lease had such rejection not taken place.

Appears in 2 contracts

Samples: Ground Lease (XCF Global Capital, Inc.), Ground Lease (Hall of Fame Resort & Entertainment Co)

AutoNDA by SimpleDocs

Continuation of Security Instruments. The lien of any Security Instrument security instrument that was in effect before rejection of this Lease shall extend to TenantXxxxxx’s continuing possessory and other rights under 11 U.S.C. § 365(h) in the Premises and this Lease following such rejection, with the same priority as such lien would have enjoyed against the leasehold estate created by this Lease had such rejection not taken place.

Appears in 2 contracts

Samples: Ground Lease, Ground Lease

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!