Common use of Mortgage Modification Clause in Contracts

Mortgage Modification. If a mortgagee of the Building requests modifications to this Lease as a condition to disbursing any monies to be secured by the mortgage, Tenant agrees that within ten (10) business days after request by the mortgagee Tenant will execute, acknowledge and deliver to the mortgagee an agreement, in form and substance reasonably satisfactory to the mortgagee, evidencing such modifications, provided they do not increase Tenant’s obligations under this Lease reduce its rights or adversely affect the leasehold interest created by this Lease.

Appears in 4 contracts

Samples: Lease Agreement, Lease Agreement, Summit Financial Services Group Inc

AutoNDA by SimpleDocs

Mortgage Modification. If a mortgagee of the Building requests modifications to this Lease as a condition to disbursing any monies to be secured by the mortgage, Tenant agrees that within ten seven (107) business days after request by the mortgagee Tenant will execute, acknowledge and deliver to the mortgagee an agreement, in form and substance reasonably satisfactory to the mortgagee, evidencing such modifications, provided they do not increase Tenant’s 's obligations under this Lease reduce its rights or materially adversely affect the leasehold interest created by this Lease.

Appears in 1 contract

Samples: Lease (Hiway Technologies Inc)

Mortgage Modification. If a mortgagee mortgage of the Building requests modifications to this Lease as a condition to disbursing any monies to be secured by the mortgage, Tenant agrees that within ten (10) business days after request by the mortgagee mortgagee, Tenant will execute, acknowledge and deliver to the mortgagee an and agreement, in form and substance reasonably satisfactory to the mortgagee, evidencing such modifications, provided they do not increase Tenant’s 's obligations under this Lease reduce its rights or materially and adversely affect the leasehold interest created by this Lease.

Appears in 1 contract

Samples: Commercial Lease (Odimo INC)

AutoNDA by SimpleDocs

Mortgage Modification. If a mortgagee of the Building requests modifications to this Lease as a condition to disbursing any monies to be secured by the mortgage, Tenant agrees that within ten (10) business days after request by the mortgagee xxxxxagee Tenant will shall execute, acknowledge and deliver to the mortgagee an agreement, in form and substance reasonably satisfactory to the mortgagee, evidencing such modifications, provided they that such modifications do not alter the Lease Term or increase Tenant’s 's obligations under this Lease reduce its rights or materially adversely affect the leasehold interest created by this Lease.

Appears in 1 contract

Samples: Office Lease (Continucare Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.