Default Under Mortgage. In the event that Mortgagee notifies Tenant of a default that has continued beyond applicable notice and cure periods under the Mortgage and demands that Tenant pay its rent and all other sums due under the Lease directly to Mortgagee, Tenant shall honor such demand and pay directly to Mortgagee the full amount of its rent and all other sums due under the Lease, without offset, or as otherwise required pursuant to such notice beginning with the payment next due after such notice of default, without inquiry as to whether a default actually exists under the Mortgage and notwithstanding any contrary instructions of or demands from Landlord.
Default Under Mortgage. In the event that Lender notifies Tenant of a default under the Mortgage and demands that Tenant pay its rent and all other sums due under the Lease directly to Lender, Tenant shall honor such demand and pay the full amount of its rent and all other sums due under the Lease directly to Lender, without offset, or as otherwise required pursuant to such notice beginning with the payment next due after such notice of default, without inquiry as to whether a default actually exists under the Mortgage and notwithstanding any contrary instructions of or demands from Landlord. The consent and approval of Landlord to this Agreement shall constitute an express authorization for Tenant to make such payments to Lender and a release and discharge of all liability of Tenant to Landlord for any such payments made to Lender in compliance with Lender’s written demand.
Default Under Mortgage. A Default under the Deed of Trust or the Mortgage (as defined therein), which, as to the Mortgage shall specifically include a Default under the note evidencing the Snow View Plaza Loan; or
Default Under Mortgage. In the event that Administrative Agent notifies Tenant of a default under the Mortgage and demands that Tenant pay its rent and all other sums due under the Lease directly to Lender, Tenant shall honor such demand and pay the full amount of its rent and all other sums due under the Lease in accordance with the terms of the Lease directly to Administrative Agent pursuant to such notice, beginning with the payment next due after such notice of default, without inquiry as to whether a default actually exists under the Mortgage and notwithstanding any contrary instructions of or demands from Landlord. The consent and approval of Landlord to this Agreement shall constitute an express authorization for Tenant to make such payments to Administrative Agent and a release and discharge of all liability of Tenant to Landlord for any such payments made to Administrative Agent in compliance with Administrative Agent’s written demand.
Default Under Mortgage. If Landlord shall be in default in performing any of the covenants, terms and conditions under any mortgages against the Premises executed by Landlord, and the holder of any of said mortgages commences foreclosure proceedings, Tenant shall have the right to terminate this Lease upon thirty (30) days written notice to Landlord unless, however, such mortgage or the applicable subordination, non-disturbance and attornment agreement provide that the mortgagee, in the event of acquiring title to the Premises through foreclosure, power of sale, deed in lieu of foreclosure or equivalent, shall recognize the validity of this Lease and shall honor the rights of the Tenant hereunder so long as Tenant is not in default of this Lease and agrees to attorn to such mortgagee as if it were the original landlord hereunder. Notwithstanding anything to the contrary contained in this Lease or in any other document, by virtue of that certain Subordination, Non-Disturbance and Attornment Agreement (the "SNDA") among Landlord, Tenant and Jefferson Pilot Financial Insurance Company ("Lender"), Tenant's right to terminate this Lease under this Section 19.06 shall be of no force and effect as to, and shall not be applicable to, or binding upon: the "Mortgage" or "Deed of Trust" (as defined in the SNDA) and/or any document related thereto; Lender; any "New Owner" (as defined in the SNDA) and/or any document related thereto; Lender; any "New Owner" (as defined in the SNDA); and/or any legal representative, successor or assign of Lender and or any New Owner.
Default Under Mortgage. The occurrence of an Event of Default under (i) the certain Arkansas Mortgage with Power of Sale between Grantor and Beneficiary dated as of October 1, 1997, or (ii) any Senior Trust or (iii) the certain Mortgage and Security Agreement dated as of October 1, 1997 from the County of Saratoga Industrial Development Agency and the Grantor to the Beneficiary.
Default Under Mortgage. An Event of Default under the ------------------------ Mortgage that shall occur and be continuing.
Default Under Mortgage. In the event that Lender notifies Tenant in writing of a Landlord default under the Mortgage and demands that Tenant pay its rent and all other sums due under the Lease directly to Lender, Tenant shall honor such demand and pay the full amount of its rent and all other sums due under the Lease directly to Lender, without offset (except as expressly provided in the Lease), or as otherwise required pursuant to such notice beginning with the payment next due after such notice of default, without inquiry as to whether a default actually exists under the Mortgage and notwithstanding any contrary instructions of or demands from Landlord. The consent and approval of Landlord to this Agreement shall constitute an express authorization for Tenant to make such payments to Lender and a release and discharge of all liability of Tenant to Landlord for any such payments made to Lender in compliance with Lender’s written demand.
Default Under Mortgage. If an Event of Default under the Mortgage shall occur and be continuing after the grace and cure periods, if any, provided therein; or
Default Under Mortgage. In the event of default under the Mortgage as declared by Lender and/or foreclosure of the Mortgage by Lender, Escrowee shall have the right to discontinue further disbursements under this Agreement. Dated this day of , Day Month Year FOR LENDER: FOR OWNER: Title Title The undersigned agrees that this Agreement shall not be construed as, nor is it the intent of any of the parties hereto to give any benefits, rights, privileges, actions or remedies to any person, partnership, firm, or corporation, other than ATG, Lender, and Owner, under a third-party beneficiary theory or otherwise. The undersigned agrees that the Improvement referred to in this Agreement will be constructed and completed in strict accordance with the plans and specifications and the building contract. The undersigned also concurs in and agrees to be bound by and comply with the terms, provisions, and conditions of this Agreement signed by Owner and Lender or their representatives. FOR THE GENERAL CONTRACTOR: Title Accepted this day of , Day Month Year By: Title Policy No.: State Issued:
1. Covered Risk 11(a) of this policy is deleted.
2. The insurance (for Construction Loan Advances) added by Section 3 of this endorsement is subject to the exclusions in Section 4 of this endorsement and the Exclusions from Coverage in the Policy, the provisions of the Conditions, and the exceptions contained in Schedule B. For the purposes of this endorsement and each subsequent Disbursement Endorsement:
