Common use of Leasehold and Leasehold Instruments Clause in Contracts

Leasehold and Leasehold Instruments. (a) Mortgagor covenants and agrees to faithfully comply with and perform all of its obligations under the Leasehold Instruments, and to promptly cure any default by it under the Leasehold Instruments. (b) Mortgagor may modify, amend or terminate any Leasehold Instrument without the prior written consent provided such action is consistent with the terms of the Agreement. (c) Mortgagor will promptly give Mortgagee a copy of any default notice given to Mortgagor with respect to any Leasehold Instrument.

Appears in 2 contracts

Samples: Mortgage (Payless Cashways Inc), Mortgage, Leasehold Mortgage, Security Agreement and Assignment of Leases and Rents (Payless Cashways Inc)

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Leasehold and Leasehold Instruments. (a) Mortgagor Trustor covenants and agrees to faithfully comply with and perform all of its obligations under the Leasehold Instruments, Instruments and to promptly cure any default by it under the Leasehold Instruments. (b) Mortgagor Trustor may modify, amend or terminate any Leasehold Instrument without the prior written consent provided such action is consistent with the terms of the Agreement. (c) Mortgagor Trustor will promptly give Mortgagee Beneficiary a copy of any default notice given to Mortgagor Trustor with respect to any Leasehold Instrument.

Appears in 2 contracts

Samples: Deed of Trust (Payless Cashways Inc), Deed of Trust (Payless Cashways Inc)

Leasehold and Leasehold Instruments. (a) Mortgagor Trustor covenants and agrees to faithfully comply with and perform all of its obligations under the Leasehold Instruments, Instruments and to promptly cure any default by it under the Leasehold Instruments. (b) Mortgagor Trustor may modify, amend or terminate any Leasehold Instrument without the prior written consent provided such action is consistent with the terms of the AgreementAgreement and the Prior Deed of Trust. (c) Mortgagor Trustor will promptly give Mortgagee Beneficiary a copy of any default notice given to Mortgagor Trustor with respect to any Leasehold Instrument.

Appears in 1 contract

Samples: Deed of Trust (Payless Cashways Inc)

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Leasehold and Leasehold Instruments. (a) Mortgagor covenants and agrees to faithfully comply with and perform all of its obligations under the Leasehold Instruments, and to promptly cure any default by it under the Leasehold Instruments. (b) Mortgagor may modify, amend or terminate any Leasehold Instrument without the prior written consent provided such action is consistent with the terms of the AgreementAgreement and the Prior Mortgage. (c) Mortgagor will promptly give Mortgagee a copy of any default notice given to Mortgagor with respect to any Leasehold Instrument.

Appears in 1 contract

Samples: Second Mortgage (Payless Cashways Inc)

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