Common use of Landlord's Mortgagee Clause in Contracts

Landlord's Mortgagee. If the Property and/or the Leased Premises are at any time subject to a mortgage and/or mortgage deed of trust, then in any instance in which Tenant gives notice to Landlord alleging default by Landlord hereunder, Tenant will also simultaneously give a copy of such notice to each Landlord’s Mortgagee (provided Landlord or Landlord’s Mortgagee shall have advised Tenant of the name and address of Landlord’s Mortgagee) and Landlord’s Mortgagee shall have the right (but not the obligation) to cure or remedy such default during the period that is permitted to Landlord hereunder, as provided in the Subordination, Non-Disturbance and Attornment Agreement attached hereto as Exhibit F or otherwise executed by Tenant, and Tenant will accept such curative or remedial action taken by Landlord’s Mortgagee with the same effect as if such action had been taken by Landlord.

Appears in 1 contract

Samples: Lease Agreement (Pharmaceutical Product Development Inc)

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Landlord's Mortgagee. (a) If the Property Project. Building and/or the Leased Premises are at any time subject to a mortgage and/or mortgage or deed of trusttrust lien, then in any instance in which Tenant gives notice to Landlord alleging default by by' Landlord hereunder, . Tenant will also simultaneously give a copy of such notice to each Landlord’s 's Mortgagee (provided Landlord or Landlord’s 's Mortgagee shall have advised provided written notice to Tenant of the name and address of Landlord’s 's Mortgagee) ), and each Landlord’s 's Mortgagee shall have the right (but not the obligation) to cure or remedy such default during the period that is permitted to Landlord hereunder, as provided in the Subordination, Non-Disturbance plus and Attornment Agreement attached hereto as Exhibit F additional period or otherwise executed by Tenantthirty (30) days, and Tenant will accept such curative or remedial action (if any) taken by Landlord’s 's Mortgagee with the same effect as if such action had been taken by Landlord.

Appears in 1 contract

Samples: Office Building Lease (Deep Down, Inc.)

Landlord's Mortgagee. (a) If the Property and/or the Leased Premises are at any time subject to a mortgage and/or mortgage or deed of trusttrust lien, then in any instance in which Tenant gives notice to Landlord alleging default by Landlord hereunder, Tenant will also simultaneously give a copy of such notice to each Landlord’s 's Mortgagee (provided Landlord or Landlord’s 's Mortgagee shall have advised Tenant of the name and address of Landlord’s 's Mortgagee) ), and each Landlord’s 's Mortgagee shall have the right (but not the obligation) to cure or remedy such default during the period that is permitted to Landlord hereunder, as provided in the Subordination, Non-Disturbance and Attornment Agreement attached hereto as Exhibit F or otherwise executed by Tenantplus an additional period of thirty (30) days, and Tenant will accept such curative or remedial action (if any) taken by Landlord’s 's Mortgagee with the same effect as if such action had been taken by Landlord.

Appears in 1 contract

Samples: Release and Settlement Agreement (North American Gaming & Entertainment Corp)

Landlord's Mortgagee. If the Property Building and/or the Leased Premises are at any time subject to a mortgage and/or mortgage ground lease, mortgage, deed of trusttrust or other lien, then in any instance in which Tenant gives notice to Landlord alleging default by Landlord hereunder, Tenant will also simultaneously give a copy of such notice to each Landlord’s 's Mortgagee (provided Landlord or Landlord’s 's Mortgagee shall have advised Tenant of the name and address of Landlord’s 's Mortgagee) and each Landlord’s 's Mortgagee shall have the right (but not the no obligation) to cure or remedy such default during the period that is permitted to Landlord hereunder, as provided in the Subordinationplus an additional period of thirty (30) days, Non-Disturbance and Attornment Agreement attached hereto as Exhibit F or otherwise executed by Tenant, and then Tenant will accept such curative or remedial action (if any) taken by Landlord’s 's Mortgagee with the same effect as if such action had been taken by Landlord.

Appears in 1 contract

Samples: Office Lease (Windsor Woodmont Black Hawk Resort Corp)

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Landlord's Mortgagee. If the Property Building and/or the Leased Premises are at any time subject to a mortgage and/or mortgage ground lease, mortgage, deed of trusttrust or other lien, then in any instance in which Tenant gives notice to Landlord alleging default by Landlord hereunder, Tenant will also simultaneously give a copy of such notice to each Landlord’s 's Mortgagee (provided Landlord or Landlord’s 's Mortgagee shall have advised Tenant of the name and address of Landlord’s 's Mortgagee) and each Landlord’s 's Mortgagee shall have the right (but not the no obligation) to cure or remedy such default during the period that is permitted to Landlord hereunder, as provided in the Subordination, Non-Disturbance and Attornment Agreement attached hereto as Exhibit F or otherwise executed by Tenantplus an additional period of thirty (30) days, and Tenant will accept such curative or remedial action (if any) taken by Landlord’s 's Mortgagee with the same effect as if such action had been taken by Landlord.

Appears in 1 contract

Samples: Office Lease Agreement (Communication Telesystems International)

Landlord's Mortgagee. If the Property Building and/or the Leased Premises are at any time subject to a mortgage and/or mortgage ground lease, mortgage, deed of trusttrust or other lien, then in any instance in which Tenant gives notice to Landlord alleging default by Landlord hereunder, Tenant will also simultaneously give a copy of such notice to each Landlord’s Mortgagee (provided Landlord or Landlord’s Mortgagee shall have advised Tenant of the name and address of Landlord’s Mortgagee) and each Landlord’s Mortgagee shall have the right (but not the no obligation) to cure or remedy such default during the period that is permitted to Landlord hereunder, as provided in the Subordinationplus an additional period of thirty (30) days, Non-Disturbance and Attornment Agreement attached hereto as Exhibit F or otherwise executed by Tenant, and then Tenant will accept such curative or remedial action (if any) taken by Landlord’s Mortgagee with the same effect as if such action had been taken by Landlord.

Appears in 1 contract

Samples: Lease Agreement (Rave Restaurant Group, Inc.)

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