Lender Discretion. Notwithstanding anything herein to the contrary, in the event the holder of any indebtedness secured by a mortgage or deed of trust covering the Premises requires that the insurance proceeds from insurance held by Landlord be applied to such indebtedness, then Landlord shall have the right to deliver written notice to Tenant terminating this Lease.
Appears in 8 contracts
Samples: Industrial Lease Agreement, Lease Agreement (Palmsource Inc), Lease Agreement (Palm Inc)
Lender Discretion. Notwithstanding anything herein to the contrary, in the event if the holder of any indebtedness secured by a mortgage or deed of trust covering the Premises requires that the insurance proceeds from insurance held by Landlord be applied to such indebtedness, then Landlord shall have the right to deliver written notice to Tenant Tenant, thereby terminating this Lease.
Appears in 2 contracts
Samples: Single Tenant Commercial Lease (R F Industries LTD), Single Tenant Commercial Lease (R F Industries LTD)
Lender Discretion. Notwithstanding anything herein to the contrary, in the event the holder of any indebtedness secured by a mortgage or deed of trust covering the Premises requires that the insurance proceeds from insurance held by Landlord be applied to such indebtedness, then Landlord shall have the right to deliver written notice to Tenant terminating this Lease. 12.
Appears in 2 contracts
Samples: Industrial Lease Agreement, Standard Industrial Lease Agreement (Intest Corp)
