Common use of Hypothecation of Lease Clause in Contracts

Hypothecation of Lease. Without the prior written consent of Landlord, which consent shall not be unreasonably withheld, conditioned or delayed, Tenant may not mortgage, pledge or otherwise encumber its leasehold estate hereunder, and any attempt to mortgage, pledge or otherwise encumber such estate shall be null and void and of no force and effect.

Appears in 3 contracts

Samples: Lease (ProNAi Therapeutics Inc), Lease (ProNAi Therapeutics Inc), Center Lease (ProNAi Therapeutics Inc)

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Hypothecation of Lease. Without the prior written consent of Landlord, which consent shall not be unreasonably withheld, conditioned or delayed, Tenant may not mortgage, pledge or otherwise encumber its leasehold estate hereunder, and any attempt to mortgage, pledge or otherwise encumber such estate shall be null and void and of no force and effect.

Appears in 2 contracts

Samples: Lease (Esperion Therapeutics, Inc.), Lease (Esperion Therapeutics, Inc.)

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