Common use of Mortgage Financing Clause in Contracts

Mortgage Financing. In the event Landlord desires to obtain mortgage financing and Landlord's mortgagee or mortgagees reasonably request certain modifications or amendments to this Lease, then Tenant, on not less than twenty (20) days advance notice, agrees to execute such modifications or amendments as required. Notwithstanding the foregoing, Tenant shall not be required to execute any modifications or amendments to this Lease which shall modify the provisions of this Lease relating to the amount of Rent or other charges or costs to be paid by Tenant, Tenant's rights or obligations under the Lease, the size of the Premises, notice periods, notice requirements, cure periods, the duration of the term of this Lease, or otherwise subject Tenant to additional cost, expense, risk, liability or obligations. Tenant agrees to cooperate with Landlord's efforts in obtaining said mortgage financing provided there is no cost or expense to Tenant.

Appears in 4 contracts

Samples: Lease Agreement (Firepond Inc), Lease Agreement (Firepond Inc), Lease Agreement (Firepond Inc)

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