Governmental Regulation of Mortgagee. Mortgagee is subject to various Governmental Authorities and the laws, rules and regulations enacted, adopted and promulgated by them. To the extent that Mortgagee's authority to perform its obligations (if any) under this Mortgage, now or hereafter, may be limited or regulated by such Governmental Authorities, Mortgagee is hereby excused from such performance.
Appears in 2 contracts
Samples: Rents and Security Agreement (Plasma Therm Inc), Construction Loan Agreement (Plasma Therm Inc)
Governmental Regulation of Mortgagee. Mortgagee is subject to various Governmental Authorities and the laws, rules and regulations enacted, adopted and promulgated by them. To the extent that Mortgagee's authority to perform its obligations (if any) under this Amended and Restated Mortgage, now or hereafter, may be limited or regulated by such Governmental Authorities, Mortgagee is hereby excused from such performance.,
Appears in 1 contract
Samples: Security Agreement (Thackeray Corp)
Governmental Regulation of Mortgagee. Mortgagee is subject to various Governmental Authorities governmental authorities and the laws, rules and regulations enacted, adopted and promulgated by them. To the extent that Mortgagee's authority to perform its obligations (if any) under this Mortgage, now or hereafter, may be limited or regulated by such Governmental Authoritiesgovernmental authorities, Mortgagee is hereby excused from such performance.
Appears in 1 contract
Samples: Mortgage With Power of Sale, Security Agreement (Glimcher Realty Trust)
