Common use of Ground Lease Clause in Contracts

Ground Lease. (a) Borrower shall, at Borrower’s sole cost and expense, promptly and timely perform and observe all the material terms, covenants and conditions required to be performed and observed by Borrower as lessee under the Ground Lease (including, but not limited to, the payment of all rent, additional rent, percentage rent and other charges required to be paid under the Ground Lease). Borrower shall not provide any notice of non-renewal of the Ground Lease to Ground Lessor.

Appears in 4 contracts

Samples: Loan Agreement (Retail Value Inc.), Loan Agreement (Retail Value Inc.), Loan Agreement (Retail Value Inc.)

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Ground Lease. (a) Borrower shall, at Borrower’s its sole cost and expense, promptly and timely perform and observe all the material terms, covenants and conditions required to be performed and observed by Borrower as lessee under the Ground Lease (including, but not limited to, the payment of all rent, additional rent, percentage rent and other charges required to be paid under the Ground Lease). Borrower shall not provide any notice of non-renewal of the Ground Lease to Ground Lessor.

Appears in 4 contracts

Samples: Loan Agreement (New York REIT, Inc.), Rents and Security Agreement (Acadia Realty Trust), Building Loan Agreement (Acadia Realty Trust)

Ground Lease. (a) Borrower shall, at Borrower’s its sole cost and expense, promptly and timely perform and observe all the material terms, covenants and conditions required to be performed and observed by Borrower as lessee under the each Ground Lease (including, but not limited to, the payment of all rent, additional rent, percentage rent and other charges required to be paid under the such Ground Lease). Borrower shall not provide any notice of non-renewal of the Ground Lease to Ground Lessor.

Appears in 2 contracts

Samples: Senior Mezzanine Loan Agreement (Brixmor Property Group Inc.), Loan Agreement (Brixmor Property Group Inc.)

Ground Lease. (a) Borrower shall, at Borrower’s its sole cost and expense, cause Mortgage Borrower to promptly and timely perform and observe all the material terms, covenants and conditions required to be performed and observed by Mortgage Borrower as lessee under the each Ground Lease (including, but not limited to, the payment of all rent, additional rent, percentage rent and other charges required to be paid under the such Ground Lease). Borrower shall not provide any notice of non-renewal of the Ground Lease to Ground Lessor.

Appears in 1 contract

Samples: Senior Mezzanine Loan Agreement (Brixmor Property Group Inc.)

Ground Lease. (a) Borrower shall, at Borrower’s its sole cost and expense, promptly and timely perform and observe all the material terms, covenants and conditions required to be performed and observed by Borrower as lessee under the Ground Lease (including, but not limited towithout limitation, the payment of all rent, additional rent, percentage rent and other charges required to be paid under the Ground LeaseRents). Borrower shall not provide any notice of non-renewal of the Ground Lease to Ground Lessor.

Appears in 1 contract

Samples: Loan Agreement (Morgans Hotel Group Co.)

Ground Lease. (a) Borrower shall, at Borrower’s sole cost and expense, promptly and timely perform and observe all the material terms, covenants and conditions required to be performed and observed by Borrower as lessee under the Ground Lease (including, but not limited to, the payment of all rent, additional rent, percentage rent and other charges required to be paid under the Ground Lease). Borrower shall not provide any notice of non-renewal of the any Ground Lease to the applicable Ground Lessor.

Appears in 1 contract

Samples: Loan Agreement (BRE Select Hotels Corp)

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Ground Lease. (a) Borrower shall, at Borrower’s its sole cost and expense, promptly and timely perform and observe (or cause to be promptly and timely performed and observed) all the material terms, covenants and conditions required to be performed and observed by such Borrower as lessee under the Ground Lease (including, but not limited to, the payment of all rent, additional rent, percentage rent and other charges required to be paid under the Ground Lease). Borrower shall not provide any notice of non-renewal of the Ground Lease to Ground Lessor.

Appears in 1 contract

Samples: Loan Agreement (TNP Strategic Retail Trust, Inc.)

Ground Lease. (a) Borrower shall, at Borrower’s its sole cost and expense, promptly and timely perform and observe all the material terms, covenants and conditions required to be performed and observed by Borrower Borrower, as lessee under the Ground Lease (including, but not limited to, the payment of all rent, additional rent, percentage rent and other charges required to be paid under the Ground Lease). Borrower shall not provide any notice of non-renewal of the Ground Lease to Ground Lessor.

Appears in 1 contract

Samples: Loan Agreement (Park Hotels & Resorts Inc.)

Ground Lease. (a) Borrower shallshall (or shall cause Mortgage Borrower to), at Borrower’s its sole cost and expense, promptly and timely perform and observe all the material terms, covenants and conditions required to be performed and observed by Mortgage Borrower as lessee under the Ground Lease (including, but not limited to, the payment of all rent, additional rent, percentage rent and other charges required to be paid under the Ground Lease). Borrower shall not provide any notice of non-renewal of the Ground Lease to Ground Lessor.

Appears in 1 contract

Samples: Mezzanine Loan Agreement (New York REIT, Inc.)

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