Common use of Landlord’s Contingency Clause in Contracts

Landlord’s Contingency. Tenant acknowledges and agrees that the terms and conditions of this Lease are specifically contingent upon the approval by Landlord's Mortgagee(s) of this Lease. Accordingly, in the event that Landlord's Mortgagee(s) fails to approve this Lease, this Lease shall automatically terminate and be of no further force or effect.

Appears in 4 contracts

Samples: Office Lease (Pegasus Systems Inc), Office Lease (Pegasus Systems Inc), Office Lease (Pegasus Systems Inc)

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Landlord’s Contingency. Tenant acknowledges and agrees that the ---------------------- terms and conditions of this Lease are specifically contingent upon the approval by Landlord's Mortgagee(s) Mortgagee of this Lease. Accordingly, in the event that Landlord's Mortgagee(s) Mortgagee fails to approve this Lease, this Lease shall automatically terminate and be of no further force or effect.

Appears in 1 contract

Samples: Office Lease (Intek Information Inc)

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