Encumbrance of Leasehold Estate. Tenant may not, at any time and from time-to-time, encumber the leasehold interest, by deed of trust mortgage, or other security instrument without obtaining the Landlord's consent, but no such encumbrance constitutes a lien on Landlord's fee title. The indebtedness secured by the encumbrance will at all times be and remain inferior and subordinate to all conditions, covenants, and obligations of this Lease and all of Landlord's rights under this Lease.
Encumbrance of Leasehold Estate. TENANT'S RIGHT TO ENCUMBER
Encumbrance of Leasehold Estate. (a) Nothing contained in this Lease shall be construed to prevent Lessee from executing a mortgage on the leasehold estate created hereby to secure a loan to construct, make additions to, refurbish, or repair the Chapter House situated on the Premises. Before any encumbrance of the Chapter House or leasehold estate can take place, however, Lessee must obtain consent from Lessor in writing to encumber Lessee’s leasehold estate. However, Lessor acknowledges that Lessee may require construction and term financing for the Chapter House and Lessor will not unreasonably withhold, condition or delay its approval for the mortgaging of Lessee’s Chapter House or leasehold estate for such purposes. Such approval shall also include Lessor’s consent to a collateral assignment of Lessee’s rights under this Lease to Lessee’s mortgagee. In the event of a default hereunder, Lessor shall not pursue any remedies against Lessee or against the Leased Premises until Lessee’s mortgagee has been given notice of such default and the right to cure such default within thirty (30) days of such notice (or a longer period of time when a cure is not practical within such period and Lessee’s mortgagee has commenced curative efforts and is diligently pursuing the same).
Encumbrance of Leasehold Estate. 12. Xxxxxx's Right to Encumber. Lessee may, at any time and from time to time, encumber the leasehold estate, by deed of trust, mortgage or other security instrument, without obtaining the consent of the Lessor, but no such encumbrance shall constitute a lien on the fee title of Lessor, and the indebtedness secured thereby shall at all times be and remain inferior and subordinate to all the conditions, covenants and obligations of this Lease Agreement and to all of the rights of the Lessor hereunder unless otherwise provided in a written subordination agreement. For this purpose, Lessee may subject the leasehold estate to a mortgage and may require Xxxxxx to execute a non-disturbance agreement in favor of such lender, subject, however, to the following:
Encumbrance of Leasehold Estate. 4 8. WARANTIES AND LIMITATIONS AND DISCLAIMERS .........................................4 9.
Encumbrance of Leasehold Estate. 5.1 Zond's Right to Encumber Zond may, at any time and from time to time during the term of this Agreement, encumber, mortgage or hypothecate to any person or entity (herein, the "Mortgagee") by deed of trust or mortgage or other security instrument all or any part of its interests under this Agreement, including without limitation any or all improvements located on the Property and owned by Zond or any of its affiliates, for any purpose, without the consent of Lessor.
Encumbrance of Leasehold Estate. Lessee shall at no time encumber or attempt to encumber its leasehold interest in the Leased Premises by deed of trust, mortgage, security agreement or other security interest.
Encumbrance of Leasehold Estate. Section 6.01. District shall not encumber the leasehold estate under this lease without the express written permission of City, which permission shall not be unreasonably withheld.
Encumbrance of Leasehold Estate. Section 6.1
Encumbrance of Leasehold Estate. Subject to the limitations contained in this Article 6, Lessee may encumber to any person or entity, herein called “Lender,” by deed of trust or mortgage or other security instrument all of Lessee’s interest under this lease and the leasehold estate hereby created in Lessee for the purposes of interim or permanent financing of the construction, installation or alteration of buildings or other improvements upon the Premises. Provided, however, that contemporaneous with such encumbrance the Lender shall, in a writing duly acknowledged and delivered to Lessor, subordinate any such encumbrance to the rights and interests of the Lessor in the premises as created by this Lease, all in a form acceptable to Lessor. The term of any such loan shall not exceed the remaining term of this lease, including any renewal option granted by Lessor.
