Common use of Modifications to Secure Financing Clause in Contracts

Modifications to Secure Financing. If any Superior Party or prospective Superior Party shall request modifications of this Lease as a condition to the provision, continuance or renewal of any such financing, Tenant will not unreasonably withhold, delay or defer its consent thereto, provided that (i) either such modifications do not materially increase the obligations of Tenant hereunder or materially adversely affect Tenant's rights under this Lease or (ii) if such modifications would materially increase the obligations of Tenant hereunder or materially adversely affect Tenant's rights under this Lease, then Landlord shall compensate Tenant for the same. Disputes as between Landlord and Tenant regarding whether a proposed modification would materially increase the obligations of Tenant hereunder or materially adversely affect Tenant's rights under this Lease, and the compensation that would be payable to Tenant as a result thereof shall be determined by arbitration in accordance with the terms of Schedule 15.4 hereto.

Appears in 3 contracts

Samples: Master Lease Agreement (Vornado Operating Co), Master Lease Agreement (Vornado Operating Co), Master Lease Agreement (Vornado Operating Co)

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Modifications to Secure Financing. If any Superior Party or prospective Superior Party shall request modifications Modifications of this Lease as a condition to the provision, continuance or renewal of any such financing, Tenant will not unreasonably withhold, delay or defer its consent thereto, provided that (i) either such modifications Modifications do not materially increase the obligations of Tenant hereunder or materially adversely affect Tenant's ’s rights under this Lease or (ii) if such modifications Modifications would materially increase the obligations of Tenant hereunder or materially adversely affect Tenant's ’s rights under this Lease, then Landlord shall compensate Tenant for the same. Disputes as between Landlord and Tenant regarding whether a proposed modification Modification would materially increase the obligations of Tenant hereunder or materially adversely affect Tenant's ’s rights under this Lease, and the compensation that would be payable to Tenant as a result thereof shall be determined by arbitration in accordance with the terms of Schedule 15.4 hereto.

Appears in 1 contract

Samples: Master Lease Agreement (Station Casinos Inc)

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Modifications to Secure Financing. If any Superior Party or prospective Superior Party shall request modifications of this Lease as a condition to the provision, continuance or renewal of any such financing, Tenant will not unreasonably withhold, delay or defer its consent thereto, provided that (i) either such modifications do not materially increase the obligations of Tenant hereunder or materially adversely affect Tenant's rights under this Lease or (ii) if such modifications would materially increase the obligations of Tenant hereunder or materially adversely affect Tenant's rights under this Lease, then Landlord shall compensate Tenant for the same. Disputes as between Landlord and Tenant regarding whether a proposed modification would materially increase the obligations of Tenant hereunder or materially adversely affect Tenant's rights under this Lease, and the compensation that would be payable to Tenant as a result thereof shall be determined by arbitration in accordance with the terms of Schedule 15.4 hereto."

Appears in 1 contract

Samples: Master Lease Agreement (Vornado Operating Co)

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