FACILITY MORTGAGE PROTECTION. Tenant agrees that the holder of any Landlord Encumbrance shall have no duty, liability or obligation to perform any of the obligations of Landlord under this Lease, but that in the event of Landlord's default with respect to any such obligation, Tenant will give any such holder whose name and address have been furnished Tenant in writing for such purpose notice of Landlord's default and allow such holder thirty (30) days following receipt of such notice for the cure of said default before invoking any remedies Tenant may have by reason thereof.
Appears in 16 contracts
Samples: Lease (Golf Trust of America Inc), Secondary Collateral Pledge Agreement (Golf Trust of America Inc), Lease (Golf Trust of America Inc)
FACILITY MORTGAGE PROTECTION. Tenant agrees that the holder of ---------------------------- any Landlord Encumbrance shall have no duty, liability or obligation to perform any of the obligations of Landlord under this Lease, but that in the event of Landlord's default with respect to any such obligation, Tenant will give any such holder whose name and address have been furnished to Tenant in writing for such purpose notice of Landlord's default and allow such holder thirty (30) days following receipt of such notice for the cure of said default before invoking any remedies Tenant may have by reason thereof.
Appears in 2 contracts
Samples: Lease (National Golf Properties Inc), Lease (National Golf Properties Inc)
FACILITY MORTGAGE PROTECTION. Tenant agrees that the holder of any Landlord Encumbrance shall have no duty, liability or obligation to perform any of the obligations of Landlord under this Lease, but that in the event of Landlord's default with respect to any such obligation, Tenant will give any such holder whose name and address have been furnished to Tenant in writing for such purpose notice of Landlord's default and allow such holder thirty (30) days following receipt of such notice for the cure of said default before invoking any remedies Tenant may have by reason thereof.
Appears in 2 contracts
Samples: Lease Agreement (Eldertrust), Lease Agreement (Eldertrust)
FACILITY MORTGAGE PROTECTION. Tenant agrees that the holder of ---------------------------- any Landlord Encumbrance shall have no duty, liability or obligation to perform any of the obligations of Landlord under this Lease, but that in the event of Landlord's default with respect to any such obligation, Tenant will give any such holder whose name and address have been furnished to Tenant in writing for such purpose notice of Landlord's default and allow such holder thirty (30) 30 days following receipt of such notice for the cure of said default before invoking any remedies Tenant may have by reason thereof.
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