Leasehold Mortgage Provisions. Mortgagor hereby represents and warrants to, and covenants with, Mortgagee as follows:
Leasehold Mortgage Provisions. Tenant shall be entitled to subject its leasehold estate and all of its rights and interests in and to the Premises under this Lease (sometimes referred to herein as the “Leasehold Interest”) to a mortgage, mortgages, deed of trust or deeds of trust from time to time on the Leasehold Interest its rights, title, and interests in and to the Premises under or pursuant to this Lease (each a “Leasehold Mortgage”), for the benefit of, and to secure financing from, any mortgage lender(s) from time to time providing construction, interim, or permanent financing or refinancing for the Installations and/or the business of Tenant being conducted on the Premises (each a “Leasehold Mortgagee”). There may be one or more Leasehold Mortgages and Leasehold Mortgagees, at Tenant’s discretion. To facilitate the financing of the Installations, Xxxxxxxx agrees to the following:
Leasehold Mortgage Provisions. Notwithstanding anything to the contrary contained in this Lease, Tenant shall have the absolute right (without Landlord’s consent), at any time and from time to time, to mortgage the leasehold interest herein demised on such terms, conditions and maturity as Tenant shall determine, and to enter into any and all extensions, modifications, amendments, replacements, and refinancings of any such leasehold mortgage or mortgages as Tenant may desire. If Tenant, or Tenant’s successors or assigns shall mortgage said leasehold interest, then as long as any such leasehold mortgage or mortgages shall remain unsatisfied of record, the following provisions shall apply, notwithstanding anything to the contrary contained in this Lease, and any pertinent provisions of this Lease shall be deemed to be amended and modified to the extent necessary so as to provide as follows:
Leasehold Mortgage Provisions. The provisions of this Article 7 shall apply in the event that, and so long as, any portion of the Property consists of Mortgagor’s interests as tenant under any lease or leases encumbered by this Mortgage (collectively, including the Existing Ground Lease, the “Ground Leases”). Unless otherwise expressly provided, the lien of this Mortgage shall encumber all of Trustor’s rights and interests under and in connection with any Ground Lease, including without limitation, renewal and extension rights, options to expand, and purchase options (all of which rights shall be collectively referred to herein as a “Ground Leasehold”). Trustor hereby agrees, with respect to each Ground Lease, as follows:
Leasehold Mortgage Provisions. The provisions of this Article 7 ----------------------------- - shall apply in the event that, and so long as, any portion of the Property consists of Mortgagor's interests as tenant under any lease or leases (collectively, including the Existing Ground Lease, the "Ground Leases"). Unless otherwise expressly provided, the lien of this Mortgage shall encumber all of Mortgagor's rights and interests under and in connection with all Ground Leases, including without limitation renewal and extension rights, options to expand, and purchase options (all of which rights shall be collectively referred to herein as a "Ground Leasehold"). Mortgagor hereby agrees, with respect to each Ground Lease, as follows:
Leasehold Mortgage Provisions. [INTENTIONALLY OMITTED]
Leasehold Mortgage Provisions. (a) Mortgagor covenants and agrees specifically with respect to any Lease described in Schedule "A" (if any) and the leasehold estate created thereunder that: the Mortgagor shall maintain the Lease in full force and effect and not take or allow to be taken any action that would terminate or cancel, or permit the termination or cancellation of, the Lease without the prior written consent of the Mortgagee, and that:
Leasehold Mortgage Provisions. (a) Mortgagor hereby covenants, warrants and represents as follows:
Leasehold Mortgage Provisions. 2.15. Trustor hereby warrants and represents as follows with respect to: Hale Lane Peek Dennison and Howard Xxxxxxxxx xxx Xxxxxxxxxxx xx Xxx Las Vegas, Nevada (702) 222-2500
Leasehold Mortgage Provisions. A. Provided no Event of Default shall have occurred and be continuing, Lessee may encumber or otherwise mortgage its leasehold interest in this Lease pursuant to a Leasehold Mortgage in favor of a Lessee Lender; provided, further, that (i) any such Leasehold Mortgage shall, by its express terms, (A) not encumber Lessor’s interest in the Premises, and (B) be subordinate to any Mortgage (provided, however, that Lessee Lender’s interest under such Leasehold Mortgage shall not be disturbed so long as no Event of Default exists), (ii) Lessor, Lessee Lender and Lender, if any, shall enter into a non-disturbance agreement and such other agreements as reasonably requested by Lessee Lender and Lender, each in a form reasonably acceptable to such parties and (iii) Lessee shall promptly reimburse Lessor for all reasonable out-of-pocket costs and expenses incurred by Lessor in connection with the agreements requested under the foregoing clause (ii).
