Common use of Enforcement of Leasehold Mortgages Clause in Contracts

Enforcement of Leasehold Mortgages. The Authority agrees that any Leasehold Mortgagee may enforce its Leasehold Mortgage and acquire title to StadCo’s interest in the leasehold, license, and other estates or interests, as applicable, created by this Agreement in the Premises in any lawful way and, pending Foreclosure of such Leasehold Mortgage, may take possession of StadCo’s interest in the Premises and, subject to Section 17.2(g) below, upon Foreclosure of such Leasehold Mortgage, may sell and assign StadCo’s interest in the leasehold, license and other estates or interests created by this Agreement, subject to the following: (i) such Leasehold Mortgage shall be subject to this Agreement and shall encumber only StadCo’s interest in this Agreement and its leasehold interest in the Premises, or the Team’s interest under the Team Use Agreement; (ii) any Leasehold Mortgagee taking possession of StadCo’s or the Team’s Interest in the Premises or any Person acquiring StadCo’s or the Team’s interest in the leasehold, license, and other estates or interests sold or assigned by such Leasehold Mortgagee shall attorn to the Authority and shall be liable to perform or cause performance of all of the obligations imposed on StadCo by this Agreement, except that with respect to obligations arising in periods before such Leasehold Mortgagee or Person has ownership of such leasehold, license, and other estates or interests created by this Agreement or possession of the Premises such Leasehold Mortgagee shall only be obligated to cure the matters set forth in Section 17.2(l) below; (iii) in no event shall any Leasehold Mortgage, or other collateral security agreement related thereto permit the Leasehold Mortgagee thereunder to remove any FF&E (other than the Team’s personal property and trade fixtures) located within or affixed to the Premises; and (iv) failure of a Leasehold Mortgagee to satisfy any of the above conditions shall preclude such Leasehold Mortgagee from taking possession of or operating StadCo’s or the Team’s interest in the Premises and shall render such Leasehold Mortgage unenforceable for such purpose only, but shall not affect the validity, enforceability or priority of such Leasehold Mortgage in any other respect, including with respect to any other security interest in connection with StadCo’s or Team’s interest in the leasehold, license and other estates or interests created by this Agreement.

Enforcement of Leasehold Mortgages. The Authority agrees that any Leasehold Mortgagee may enforce its Leasehold Mortgage and acquire title to StadCo’s interest in the leasehold, license, and other estates or interests, as applicable, created by this Agreement in the Premises in any lawful way and, pending Foreclosure foreclosure of such Leasehold Mortgage, may take possession of StadCo’s interest in the Premises and, subject to Section 17.2(g) below, upon Foreclosure of such Leasehold Mortgage, may sell and assign StadCo’s interest in the leasehold, license and other estates or interests created by this AgreementPremises, subject to the following: (i) such Leasehold Mortgage shall be subject to this Agreement and shall encumber only StadCo’s interest in this Agreement and its leasehold interest in the Premises, or the Team’s interest under the Team Use Agreement; (ii) any Leasehold Mortgagee taking possession of StadCo’s or the Team’s Interest in the Premises or any Person acquiring StadCo’s or the Team’s interest in the leasehold, license, and other estates or interests sold or assigned by such Leasehold Mortgagee shall attorn to the Authority and shall be liable to perform or cause performance of all of the obligations imposed on StadCo by this Agreement, except that with respect to obligations arising in periods before such Leasehold Mortgagee or Person has ownership of such leasehold, license, and other estates or interests created by this Agreement or possession of the Premises such Leasehold Mortgagee shall only be obligated to cure the matters set forth in Section 17.2(l17.2(k) below; (iii) in no event shall any Leasehold Mortgage, or other collateral security agreement related thereto permit the Leasehold Mortgagee thereunder to remove any FF&E fixtures, equipment or furnishings (other than StadCo Personal Property or the Team’s personal property and trade fixtures) located within or affixed to the Premises; and (iv) failure of a Leasehold Mortgagee to satisfy any of the above conditions shall preclude such Leasehold Mortgagee from taking possession of or operating StadCo’s or the Team’s interest in the Premises and shall render such Leasehold Mortgage unenforceable for such purpose only, but shall not affect the validity, enforceability or priority of such Leasehold Mortgage in any other respect, including with respect to any other security interest in connection with StadCo’s or Team’s interest in the leasehold, license and other estates or interests created by this Agreement.

Enforcement of Leasehold Mortgages. The Authority agrees that any Leasehold Mortgagee may enforce its Leasehold Mortgage and acquire title to StadCo’s interest in the leasehold, license, and other estates or interests, as applicable, created by this Agreement in the Premises (or direct or indirect equity interest in StadCo) in any lawful way and, pending Foreclosure of such Leasehold Mortgage, may take possession of StadCo’s interest in the Premises (or direct or indirect equity interest in StadCo) and, subject to Section 17.2(g) (Authority’s Right of Approval) below, upon Foreclosure of such Leasehold Mortgage, may sell and assign StadCo’s interest in the leasehold, license license, and other estates or interests created by this Agreement, subject to the following: (i) such Leasehold Mortgage shall be subject to this Agreement and shall encumber only StadCo’s interest in this Agreement and its leasehold interest in the Premises, or the Team’s interest under the Team Use Agreement, or direct or indirect equity interest in StadCo; (ii) any Leasehold Mortgagee taking possession of StadCo’s or the Team’s Interest in the Premises or any Person acquiring StadCo’s or the Team’s interest in the leasehold, license, and other estates or interests sold or assigned by such Leasehold Mortgagee shall attorn to the Authority and shall be liable to perform or cause performance of all of the obligations imposed on StadCo by this Agreement, except that with respect to obligations arising in periods before such Leasehold Mortgagee or Person has ownership of such leasehold, license, and other estates or interests created by this Agreement or possession of the Premises such Leasehold Mortgagee shall only be obligated to cure the matters set forth in Section 17.2(l17.2(q) (Recognition; Certain Obligations) below; (iii) in no event shall any Leasehold Mortgage, or other collateral security agreement related thereto permit the Leasehold Mortgagee thereunder to remove any FF&E (other than the Team’s personal property and trade fixtures) located within or affixed to the Premises; and (iv) failure of a Leasehold Mortgagee to satisfy any of the above conditions shall preclude such Leasehold Mortgagee from taking possession of or operating StadCo’s or the Team’s interest in the Premises and shall render such Leasehold Mortgage unenforceable for such purpose only, but shall not affect the validity, enforceability or priority of such Leasehold Mortgage in any other respect, including with respect to any other security interest in connection with StadCo’s or Team’s interest in the leasehold, license license, and other estates or interests created by this Agreement.

Enforcement of Leasehold Mortgages. The Authority agrees that any Leasehold Mortgagee may enforce its Leasehold Mortgage and acquire title to StadCo’s interest in the leasehold, license, and other estates or interests, as applicable, created by this Agreement in the Premises in any lawful way and, pending Foreclosure fForeclosure of such Leasehold Mortgage, may take possession of StadCo’s interest in the Premises and, subject to Section 17.2(g) below, upon Foreclosure of such Leasehold Mortgage, may sell and assign StadCo’s interest in the leasehold, license and other estates or interests created by this Agreement, subject to the following: (i) such Leasehold Mortgage shall be subject to this Agreement and shall encumber only StadCo’s interest in this Agreement and its leasehold interest in the Premises, or the Team’s interest under the Team Use Agreement; (ii) any Leasehold Mortgagee taking possession of StadCo’s or the Team’s Interest in the Premises or any Person acquiring StadCo’s or the Team’s interest in the leasehold, license, and other estates or interests sold or assigned by such Leasehold Mortgagee shall attorn to the Authority and shall be liable to perform or cause performance of all of the obligations imposed on StadCo by this Agreement, except that with respect to obligations arising in periods before such Leasehold Mortgagee or Person has ownership of such leasehold, license, and other estates or interests created by this Agreement or possession of the Premises such Leasehold Mortgagee shall only be obligated to cure the matters set forth in Section 17.2(l17.2(kl) below; (iii) in no event shall any Leasehold Mortgage, or other collateral security agreement related thereto permit the Leasehold Mortgagee thereunder to remove any FF&E fixtures, equipment or furnishingsFF&E (other than StadCo Personal Property or the Team’s personal property and trade fixtures) located within or affixed to the Premises; and (iv) failure of a Leasehold Mortgagee to satisfy any of the above conditions shall preclude such Leasehold Mortgagee from taking possession of or operating StadCo’s or the Team’s interest in the Premises and shall render such Leasehold Mortgage unenforceable for such purpose only, but shall not affect the validity, enforceability or priority of such Leasehold Mortgage in any other respect, including with respect to any other security interest in connection with StadCo’s or Team’s interest in the leasehold, license and other estates or interests created by this Agreement.

Enforcement of Leasehold Mortgages. The Authority agrees that any Leasehold Mortgagee may enforce its Leasehold Mortgage and acquire title to StadCo’s interest in the leasehold, license, and other estates or interests, as applicable, created by this Agreement Lease in the Premises in any lawful way and, pending Foreclosure of such Leasehold Mortgage, may take possession of StadCo’s interest in the Premises and, subject to Section 17.2(g25.2(g) below, upon Foreclosure of such Leasehold Mortgage, may sell and assign StadCo’s interest in the leasehold, license and other estates or interests created by this AgreementLease, subject to the following: (i) such Leasehold Mortgage shall be subject to this Agreement Lease and shall encumber only StadCo’s interest in this Agreement Lease and its leasehold interest in the Premises, or the TeamTeamCo’s interest under the Team Use AgreementSublease; (ii) any Leasehold Mortgagee taking possession of StadCo’s or the TeamTeamCo’s Interest in the Premises or any Person acquiring StadCo’s or the TeamTeamCo’s interest in the leasehold, license, and other estates or interests sold or assigned by such Leasehold Mortgagee shall attorn to the Authority and shall be liable to perform or cause performance of all of the obligations imposed on StadCo by this AgreementLease, except that with respect to obligations arising in periods before such Leasehold Mortgagee or Person has ownership of such leasehold, license, and other estates or interests created by this Agreement Lease or possession of the Premises such Leasehold Mortgagee shall only be obligated to cure the matters set forth in Section 17.2(l) 23.2 below; (iii) in no event shall any Leasehold Mortgage, or other collateral security agreement related thereto permit the Leasehold Mortgagee thereunder to remove any FF&E (other than the TeamTeamCo’s personal property and trade fixtures) located within or affixed to the Premises; and; (iv) failure of a Leasehold Mortgagee to satisfy any of the above conditions shall preclude such Leasehold Mortgagee from taking possession of or operating StadCo’s or the TeamTeamCo’s interest in the Premises and shall render such Leasehold Mortgage unenforceable for such purpose only, but shall not affect the validity, enforceability or priority of such Leasehold Mortgage in any other respect, including with respect to any other security interest in connection with StadCo’s or TeamTeamCo’s interest in the leasehold, license and other estates or interests created by this AgreementLease.

Enforcement of Leasehold Mortgages. The Authority agrees that any Any Leasehold Mortgagee may enforce its Leasehold Mortgage and acquire title to StadCothe Team’s interest in the leasehold, license, license and other estates or interests, as applicable, interests created by this Agreement in the Premises Stadium and Stadium Infrastructure in any lawful way and, pending Foreclosure of such Leasehold Mortgage, may take possession of StadCothe Team’s interest in the Premises and, subject to Section 17.2(g) below, Stadium and Stadium Infrastructure and upon Foreclosure of such Leasehold Mortgage, may sell and assign StadCothe Team’s interest in the leasehold, license and other estates or interests created by this Agreement, subject to the following: (i) such Leasehold Mortgage shall be subject to this Agreement and shall encumber only StadCothe Team’s interest in this Agreement and its leasehold interest in the Premises, or the Team’s interest under the Team Use Stadium and Stadium Infrastructure and shall be subject to this Agreement; (ii) any Leasehold Mortgagee taking possession of StadCo’s or the Team’s Interest in the Premises Stadium and Stadium Infrastructure or any Person acquiring StadCo’s or the Team’s interest in the leasehold, license, license and other estates or interests sold or assigned by such Leasehold Mortgagee shall attorn to the Authority and shall be liable to perform or cause performance of all of the obligations imposed on StadCo the Team by this Agreement, except that with respect to obligations arising in periods before such Leasehold Mortgagee or Person has ownership of such leasehold, license, license and other estates or interests created by this Agreement or possession of the Premises Stadium and Stadium Infrastructure such Leasehold Mortgagee shall only be obligated to cure the matters set forth in Section 17.2(l23.3(k) below; (iii) in no event shall any Leasehold Mortgage, or other collateral security agreement related thereto permit the Leasehold Mortgagee thereunder to remove any FF&E fixtures, equipment or furnishings (other than the Team’s personal property and trade fixtures) located within or affixed to the PremisesStadium and Stadium Infrastructure; and (iv) failure Failure of a Leasehold Mortgagee to satisfy any of the above conditions shall preclude such Leasehold Mortgagee from taking possession of or operating StadCo’s or the Team’s interest in the Premises Stadium and Stadium Infrastructure and shall render such Leasehold Mortgage unenforceable for such purpose only, but shall not affect the validity, enforceability or priority of such Leasehold Mortgage in any other respect, including with respect to any other security interest in connection with StadCo’s or the Team’s interest in the leasehold, license and other estates or interests created by this Agreement.

Enforcement of Leasehold Mortgages. The Authority agrees that any Leasehold Mortgagee may enforce its Leasehold Mortgage and acquire title to StadCo’s interest in the leasehold, license, and other estates or interests, as applicable, created by this Agreement in the Premises (or direct or indirect equity interest in StadCo) in any lawful way and, pending Foreclosure of such Leasehold Mortgage, may take possession of StadCo’s interest in the Premises (or direct or indirect equity interest in StadCo) and, subject to Section 17.2(g) below, upon Foreclosure of such Leasehold Mortgage, may sell and assign StadCo’s interest in the leasehold, license license, and other estates or interests created by this Agreement, subject to the following: (i) such Leasehold Mortgage shall be subject to this Agreement and shall encumber only StadCo’s interest in this Agreement and its leasehold interest in the Premises, or the Team’s interest under the Team Use Agreement, or direct or indirect equity interest in StadCo; (ii) any Leasehold Mortgagee taking possession of StadCo’s or the Team’s Interest in the Premises or any Person acquiring StadCo’s or the Team’s interest in the leasehold, license, and other estates or interests sold or assigned by such Leasehold Mortgagee shall attorn to the Authority and shall be liable to perform or cause performance of all of the obligations imposed on StadCo by this Agreement, except that with respect to obligations arising in periods before such Leasehold Mortgagee or Person has ownership of such leasehold, license, and other estates or interests created by this Agreement or possession of the Premises such Leasehold Mortgagee shall only be obligated to cure the matters set forth in Section 17.2(l17.2(q) below; (iii) in no event shall any Leasehold Mortgage, or other collateral security agreement related thereto permit the Leasehold Mortgagee thereunder to remove any FF&E (other than the Team’s personal property and trade fixtures) located within or affixed to the Premises; and (iv) failure of a Leasehold Mortgagee to satisfy any of the above conditions shall preclude such Leasehold Mortgagee from taking possession of or operating StadCo’s or the Team’s interest in the Premises and shall render such Leasehold Mortgage unenforceable for such purpose only, but shall not affect the validity, enforceability or priority of such Leasehold Mortgage in any other respect, including with respect to any other security interest in connection with StadCo’s or Team’s interest in the leasehold, license license, and other estates or interests created by this Agreement.