Common use of Mortgage of Leasehold Clause in Contracts

Mortgage of Leasehold. Tenant shall have the right to encumber the leasehold estate created by this Lease by a mortgage, deed of trust or other security instrument, including, without limitation, an assignment of the rents, issues and profits from the Premises, (the “Leasehold Mortgage”) to secure repayment of any loan to Tenant, and associated obligations, from any lender (a “Lender”). Notwithstanding the foregoing, Tenant shall not, and shall have no right to, encumber Landlord’s fee or reversionary interest in the Premises. Tenant covenants to keep Xxxxxxxx’s fee and reversionary interest in the Premises and every part thereof at all times free and clear of any and all liens and encumbrances of any kind whatsoever arising out of the acts or omissions of Tenant, including those liens and encumbrances created by the performance of Tenant of any construction, labor, or furnishing of any material, supplies or equipment to Tenant.

Mortgage of Leasehold. Tenant shall have the right to encumber the leasehold estate created by this Lease by a mortgage, deed of trust or other security instrument, including, without limitation, an assignment of the rents, issues and profits from the Premises, (the “Leasehold Mortgage”) to secure repayment of any loan to Tenant, and associated obligations, from any lender (a “Lender”). Notwithstanding the foregoing, Tenant shall not, and shall have no right to, encumber Landlord’s fee or reversionary interest in the Premises. Tenant covenants to keep XxxxxxxxLandlord’s fee and reversionary interest in the Premises and every part thereof at all times free and clear of any and all liens and encumbrances of any kind whatsoever arising out of the acts or omissions of Tenant, including those liens and encumbrances created by the performance of Tenant of any construction, labor, or furnishing of any material, supplies or equipment to Tenant.