Lender’s Requirements. Tenant will make such modifications to this Lease as may hereafter be required to conform to any lender's requirements, so long as such modifications do not increase Tenant's obligations or materially alter its rights.
Lender’s Requirements. If any mortgagee or committed financier of Landlord should require, as a condition precedent to the closing of any loan or the disbursal of any money under any loan, that this Lease be amended or supplemented in any manner, (other than in the description of the Leased Premises, the term, the purpose or the rent or other charges hereunder) Landlord shall give written notice thereof to Tenant, which notice shall be accompanied by a Lease Supplement Agreement embodying such amendments and supplements. Tenant shall, within ten (10) days after the effective date of Landlord’s notice, either consent to such amendments and supplements (which consent shall not be unreasonably withheld) and execute the tendered Lease Supplement Agreement, or deliver to Landlord a written statement of its reason or reasons for refusing to so consent and execute. Failure of Tenant to respond within said ten (10) day period shall be a default under this Lease without further notice. If Landlord and Tenant are then unable to agree on a Lease Supplement Agreement satisfactory to each of them and to the lender within thirty (30) days after delivery of Tenant’s written statement, Landlord shall have the right to terminate this Lease within sixty (60) days after the end of said thirty (30) day period.
Lender’s Requirements. Construction Manager shall provide to the lender or lenders furnishing financing for the development and construction of the Project (if any, (referred to herein collectively as “Owner’s Lender”) any Project information that such lender(s) or its (their) designated representatives reasonably require or any such certification that Construction Manager is obligated to provide to the Owner under the Contract Documents. The Construction Manager further agrees to execute such documents as may be reasonably required by Owner’s Lender and which are consistent with reasonable commercial practices for the financing of a project of the size and scope of the Project, including but not limited to, the following: (a) a subordination of Construction Manager's lien rights (including a lien on removables or fixtures) to any liens of the Lender(s) securing any obligations arising from the Project; (b) an agreement by Construction Manager to provide notice prior to suspension of the Work or termination of the Contract by Construction Manager and providing such Lender(s) with a reasonable opportunity to cure Owner's default; (c) a contingent assignment of this Agreement to the Lender(s) in the event of a default by Owner under this Contract or under the documents creating the loan(s), provided that Construction Manager shall not be required to perform additional work for Lender unless Xxxxxx has assumed responsibility for payment of such additional work;
Lender’s Requirements. Each of the Seller Companies will execute and provide all corporate authorities, certificates, notices and other documentation required by the Lenders (or any other third party) in connection with any new charter pursuant to the exercise by the Partnership of the Option.
Lender’s Requirements. Upon request of Tenant or Tenant's assignees or any subtenant, Landlord shall execute and deliver any real estate consent or waiver forms submitted by any vendors, lessors, chattel mortgages, or holders or owners of any trade fixtures, signs, equipment, furniture or other personal property of any kind and description kept on or installed on the Premises setting forth the fact that Landlord waives, in favor of said vendor, lessor, chattel mortgagee, owner or holder any lien, claim, interest or other right therein superior to that of such vendor, lessor, chattel mortgagee, owner or holder. Landlord shall further acknowledge that the property covered by such consent or wavier forms is personal property (if in fact such is the case) and not to become a part of the realty no matter how affixed thereto and that such property may be removed from the Premises by the vendor, lessor, chattel mortgagee, owner or holder at any time upon default in the terms of such chattel mortgage or other similar documents, free and clear of any claim or lien of Landlord.
Lender’s Requirements. Contractor agrees to cooperate with Owner as to any changes or additions to the insurance required to be provided by Contractor under the Agreement, which are made necessary by requirements imposed by Lenders of Owner, at Owner’s cost.
Lender’s Requirements. Lessee agrees to comply with such amended or additional insurance requirements as may be imposed by any Lender upon Lessor in regard to the Premises. Lessee further acknowledges, agrees and accepts that the availability of insurance or condemnation proceeds for restoration purposes shall be subject to such conditions, limitations and other provisions as may be imposed by any such Lender, and if and to the extent that insurance proceeds are not available for restoration, any such casualty may be treated by Lessor as an uninsured loss for purposes of this Lease.”
60. In Line 2 of Paragraph 9.1 (c) (“Insured Loss”), the words “event required to be covered” shall be changed to “event covered”.
61. In Line 1 of Paragraph 9.2 (Partial Damage-Insured Loss), the words “Lessor shall” shall be changed to “Lessor may (but shall not be obligated to)”.
62. In Line 3 of Paragraph 9.2 (Partial Damage-Insured Loss), the words “and this Lease shall continue” shall be changed to “in which case, this Lease shall continue”.
63. In the second sentence of Paragraph 9.4 (Total Destruction), the words “caused by the gross negligence or willful misconduct of Lessee” shall be changed to “not caused by the gross negligence or willful misconduct of Lessor”.
64. The following sentence shall be added at the end of Paragraph 30.4 (Self-Executing). “Lessee agrees to accept such limitations as may be requested by any such Lender upon such Lender’s liability under this Lease and such other conditions, requirements and provisions as may be requested by such Lender in regard to this Lease, and agrees not to hold Lessor liable for, and to indemnify and hold harmless Lessor from and against, failure to comply with such limitations, conditions, requirements and provisions.”
65. The following sentences shall be added at the end of Paragraph 37.1 (Execution): “In the event of an assignment, or in the event of any other transaction requiring Lessor’s consent under Paragraph 12 of the Lease, Lessor may require that a new guaranty or guaranties (collectively, the “New Guaranty”) be executed and delivered to Lessor, in the foregoing specified form, from one or more new guarantors reasonably acceptable to Lessor and otherwise in form and substance reasonably acceptable to Lessor (and, if applicable, any Lender of Lessor). Delivery to Lessor of such required New Guaranty shall be a condition to the permissibility of any such assignment, subletting or other transaction, and failure to deliver same, imme...
Lender’s Requirements. If any mortgagee or committed financier of Landlord should require, as a condition precedent to the closing of any loan or the disbursal of any money under any loan, that this Lease be amended or supplemented in any manner (other than in the description of the Leased Premises, the term, the purpose or the rent or other changes hereunder, or in any other regard as will substantially or materially affect the rights of Tenant under this Lease), Landlord shall give written notice thereof to Tenant, which notice shall be accompanied by a Lease Supplement Agreement embodying such amendments and supplements. Tenant shall, within ten (10) days after the effective date of Landlord’s notice, either consent to such amendments and supplements (which consent shall not be unreasonably withheld) and execute the tendered Lease Supplement Agreement, or deliver to Landlord a written statement of its reason or reasons for refusing to so consent and execute. Failure of Tenant to respond within said ten (10) day period shall be a default under this Lease without further notice.
Lender’s Requirements. Manager will operate and manage the Operated Facilities in accordance with all requirements of any lender having or acquiring a mortgage or other lien against the Operated Facilities, provided, however, that Owner has provided Manager with the terms and conditions of such requirements a reasonable time in advance;
Lender’s Requirements. Tenant agrees to execute and deliver to Landlord an amendment to this Lease incorporating such modifications of, and additions to, the terms and provisions of this Lease as the parties secured by the Deed of Trust shall require as a condition precedent to their approving this Lease. Notwithstanding the foregoing, Tenant shall not be required to execute any such amendment which shall modify the provisions of this Lease as to the amounts of Basic Annual Rent, additional rent, or other sums payable by Tenant hereunder, or any other material economic terms hereof as reasonably determined by Tenant.
