Common use of Covenants for Benefit of Lender Clause in Contracts

Covenants for Benefit of Lender. Tenant and Borrower agree for the benefit of Lender that: (a) Tenant shall not pay and Borrower shall not accept, any rent or additional rent more than one month advance; and (b) Tenant and Borrower will not enter into any agreement for the cancellation, surrender, amendment, or modification of the Lease without Lender's prior written consent. Tenant will not terminate the Lease because of a default thereunder by Borrower unless Tenant shall have first given Lender notice and a reasonable opportunity to cure such default.

Covenants for Benefit of Lender. Tenant and Borrower agree for the benefit of Lender that: (a) Tenant shall not pay and Borrower shall not accept, any rent or additional rent more than one month advanceadvance except as may be specifically required in the Lease; and (b) Tenant and Borrower will not enter into any agreement for the cancellation, surrender, amendment, or modification of the Lease without Lender's ’s prior written consent. Tenant will not terminate the Lease because of a default thereunder by Borrower unless Tenant shall have first given Lender notice and a reasonable opportunity to cure such default.

Covenants for Benefit of Lender. Tenant and Borrower agree for the benefit of Lender that: (a) Tenant shall not pay and Borrower shall not accept, any rent or additional rent more than one month in advance; and (b) Tenant and Borrower will not enter into any agreement for the cancellation, surrender, amendment, or modification of the Lease without Lender's ’s prior written consent. Tenant will not terminate the Lease because of a default thereunder by Borrower unless Tenant shall have first given Lender notice and a reasonable opportunity to cure such default.