Common use of Mortgage Protection Clause in Contracts

Mortgage Protection. In the event of any default on the part of Landlord, Tenant will give notice by registered or certified mail to any beneficiary of a deed or trust or mortgagee of a mortgage covering the Premises whose address shall have been furnished it, and shall offer such beneficiary or mortgagee a reasonable opportunity to cure the default, including time to obtain possession of the Premises by power of sale or a judicial foreclosure, if such should prove necessary to effect a cure.

Appears in 2 contracts

Samples: Lease Agreement (Intelligent Systems Corp), Lease Agreement (Intelligent Systems Corp)

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Mortgage Protection. In the event of any default on the part of Landlord, Tenant will give notice by registered or certified mail to any beneficiary of a deed or trust or mortgagee holder of a security deed or mortgage covering the Leased Premises whose address shall have been furnished it, and shall offer such beneficiary or mortgagee holder a reasonable opportunity to cure the default, including time to obtain possession of the Leased Premises by power of sale or a judicial foreclosure, if such should prove necessary to effect a cure.. OPTION TO RE-LEASE PREMISES

Appears in 2 contracts

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

Mortgage Protection. In the event of any default on the part of Landlord, Tenant will give notice by registered or certified mail to any beneficiary of a deed or of trust or mortgagee of a mortgage covering the Premises whose address shall have been furnished itto Tenant, and shall offer such beneficiary beneficiary, or mortgagee a reasonable opportunity to cure the default, including time to obtain possession of the Premises by power of sale or a judicial foreclosure, if such should prove necessary to effect a cure.

Appears in 2 contracts

Samples: Industrial Space Lease (Alpha Technologies Group Inc), Industrial Space Lease (Alpha Technologies Group Inc)

Mortgage Protection. In the event of any default on the part of Landlord, Tenant will give notice by registered or certified mail to any beneficiary of a deed or trust or mortgagee holder of a security deed or mortgage covering the Leased Premises whose address shall have been furnished it, and shall offer such beneficiary or mortgagee holder a reasonable opportunity to cure the default, including time to obtain possession of the Leased Premises by power of sale or a judicial foreclosure, if such should prove necessary to effect a cure.

Appears in 2 contracts

Samples: Office Lease (TRX Inc/Ga), Office Lease (CNB Holdings Inc /Ga/)

Mortgage Protection. In the event of any default on the part of ------------------- Landlord, Tenant will give notice by registered or certified mail to any beneficiary of a deed or of trust or mortgagee of a mortgage covering encumbering the Premises Premises, whose address shall have been furnished itto Tenant, and shall offer such beneficiary or mortgagee a reasonable opportunity to cure the default, including time to obtain possession of the Premises by power of sale or a judicial foreclosure, if such should prove necessary to effect a cure.

Appears in 1 contract

Samples: Sublease Agreement (Verisign Inc/Ca)

Mortgage Protection. In the event of any default on the part of Landlord, Tenant will give notice by registered or certified mail to any beneficiary of a deed Lender or trust or mortgagee of a mortgage covering the Premises whose address lessor under any underlying ground lease who shall have been furnished itrequested, in writing, to Tenant that it be provided with such notice, and Tenant shall offer such beneficiary Lender or mortgagee lessor a reasonable opportunity to cure the default, including time to obtain possession of the Leased Premises by power of sale or a judicial foreclosure, foreclosure or other appropriate legal proceedings if such should prove reasonably necessary to effect a cure.

Appears in 1 contract

Samples: Industrial Space Lease (Gatefield Corp)

Mortgage Protection. In the event of any default on the part of Landlord, Tenant will give notice by registered or certified mail to any beneficiary of a deed or of trust or mortgagee of a mortgage covering the Premises whose address shall have been furnished fur­nished it, and shall offer such beneficiary or mortgagee a reasonable opportunity to cure the default, including time to obtain possession of the Premises by power of sale or a judicial foreclosure, if such should prove necessary to effect a cure.

Appears in 1 contract

Samples: Lease Agreement (Ir Biosciences Holdings Inc)

Mortgage Protection. In the event of any default on the part of Landlord, Tenant will give notice by registered or certified mail to any beneficiary of a deed or of trust or mortgagee of a mortgage covering the Premises whose address shall have been furnished it, Property and shall offer such the beneficiary or mortgagee a reasonable opportunity to cure the default, including time to obtain possession of the Property or the Premises by power of sale or a judicial foreclosure, if such should prove necessary to effect a cure.

Appears in 1 contract

Samples: Sub Sublease (Computer Literacy Inc)

Mortgage Protection. In the event of any default on the part of Landlord, Tenant will give notice by registered or certified mail to any beneficiary of a deed or of trust or mortgagee of a mortgage covering encumbering the Premises whose address shall have been furnished itto Tenant, and before Tenant shall offer have any right to terminate this Lease, Tenant shall grant such beneficiary or mortgagee a reasonable opportunity period within which to cure the default, including time to obtain possession of the Premises by power of sale or a judicial foreclosure, if such should prove action is necessary to effect a cure.

Appears in 1 contract

Samples: Lease Agreement (Emcon)

Mortgage Protection. In the event of any default on the part of Landlordlandlord, Tenant will give notice by registered or certified mail to any beneficiary of a deed or trust or mortgagee holder of a security deed or mortgage covering the Leased Premises whose address shall have been furnished it, and shall offer such beneficiary or mortgagee holder a reasonable opportunity to cure the default, including time to obtain possession of the Leased Premises by power of sale or a judicial foreclosure, if such should prove necessary to effect a curecure (but no more than 90 days).

Appears in 1 contract

Samples: Lease Agreement (Leisure Time Casinos & Resorts Inc)

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Mortgage Protection. In the event of any default on the part of Landlord, Tenant will give notice by registered or certified mail to any beneficiary of a deed or of trust or mortgagee of a mortgage covering the Premises Landlord's leasehold estate under this Lease whose address shall have been furnished it, and shall offer such beneficiary or mortgagee a reasonable opportunity to cure the default, including time to obtain possession of the Demised Premises by power of sale or a judicial foreclosure, if it such should prove necessary to effect a cure.

Appears in 1 contract

Samples: Ground Lease Agreement (Wells Real Estate Investment Trust Inc)

Mortgage Protection. In the event of any default on the part of Landlord, at any time there is an outstanding Mortgage covering the Premises, Tenant will give notice by registered or certified mail to any beneficiary of a deed or of trust or mortgagee of a mortgage covering the Premises whose address shall have been furnished it, and shall offer such beneficiary or mortgagee a reasonable opportunity to cure the default, including time to obtain possession of the Premises by power of sale or a judicial foreclosure, if such should prove necessary to effect a cure.

Appears in 1 contract

Samples: Office Space Lease (Acubid Com Inc)

Mortgage Protection. In the event of any default on the part of Landlord, Tenant will give notice by registered or certified mail to any beneficiary of a deed or of trust or mortgagee of a mortgage covering the Premises whose who has provided Tenant with notice of its interest together with an address shall have been furnished itfor receiving notice, and Tenant, without terminating this Lease, shall offer such beneficiary or mortgagee a reasonable opportunity to cure the default, including time to obtain possession of the Premises by power of sale or a judicial foreclosure, if such should prove necessary to effect a cure.

Appears in 1 contract

Samples: Lease (Ingenex Inc)

Mortgage Protection. In the event of any default on the part of Landlord, Tenant will give notice by registered or certified mail to any beneficiary of a deed lessor under any underlying ground lease or trust Lender who directly or mortgagee of a mortgage covering the Premises whose address through Landlord shall have been furnished itrequested of Tenant, in writing, that it be provided with such notice, and Tenant shall offer such beneficiary Lender or mortgagee lessor a reasonable opportunity to cure the default, including time to obtain possession of the Premises by power of sale or a judicial foreclosure, foreclosure or other appropriate legal proceedings if such should prove reasonably necessary to effect a cure.

Appears in 1 contract

Samples: Lease (Crawford & Co)

Mortgage Protection. In the event of any default on the part of Landlord, Tenant will give notice by registered or certified mail to any beneficiary of a deed or trust or mortgagee of holder or a security deed or mortgage covering the Leased Premises whose address shall have been furnished it, and shall offer such beneficiary or mortgagee holder a reasonable opportunity to cure the default, including time to obtain possession of the Leased Premises by power of sale or a judicial foreclosure, if such should prove necessary to effect a cure.

Appears in 1 contract

Samples: Lease Agreement (MST Enterprises Inc)

Mortgage Protection. In the event of any default on the part of Landlord, Tenant will give notice by registered or certified mail to any beneficiary of a deed or of trust or mortgagee of a mortgage covering the Premises whose address shall have been furnished itto Tenant, and shall offer allow such beneficiary or mortgagee a reasonable opportunity to cure the default, including time default prior to obtain possession exercise of the Premises by power of sale or a judicial foreclosure, if such should prove necessary to effect a cureany remedy.

Appears in 1 contract

Samples: Office Building Lease (Tut Systems Inc)

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