Common use of Mortgagee Clauses Clause in Contracts

Mortgagee Clauses. A standard mortgagee clause naming each Leasehold Mortgagee may be added to any and all insurance policies required to be carried by Tenant hereunder, provided that any such Leasehold Mortgagee shall hold and apply such insurance proceeds subject to the provisions of this Lease.

Appears in 12 contracts

Samples: Ground Lease, Ground Lease, Ground Lease

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Mortgagee Clauses. A standard mortgagee clause naming each Leasehold Mortgagee may be added to any and all insurance policies required to be carried by Tenant hereunder, provided that any such Leasehold Mortgagee shall hold and apply such insurance proceeds subject to the provisions of this LeaseLease to the extent not in conflict with the terms of such Leasehold Mortgage.

Appears in 4 contracts

Samples: Ground Lease, Ground Lease, Ground Lease

Mortgagee Clauses. A standard mortgagee clause naming each Leasehold Mortgagee and Tenant Mezzanine Lender may be added to any and all insurance policies required to be carried by Tenant hereunder, provided hereunder on condition that any such Leasehold Mortgagee shall hold and apply such the insurance proceeds subject are to be applied in the provisions of this Leasemanner specified in the Leasehold Mortgage.

Appears in 1 contract

Samples: Ground Lease

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Mortgagee Clauses. A standard mortgagee clause or endorsement naming each Leasehold Mortgagee may be added to any and all insurance policies required to be carried by Tenant hereunderhereunder on condition that the insurance proceeds are to be applied in the manner specified in this Lease and each Leasehold Mortgage shall so provide, provided except that any such Leasehold Mortgagee shall hold Mortgage may provide in a manner for the disposition of such proceeds, if any, otherwise payable directly to Tenant (but not such proceeds, if any, payable jointly to Landlord and apply such insurance proceeds subject Tenant) pursuant to the provisions of this Lease.

Appears in 1 contract

Samples: Ground Lease (Hoku Scientific Inc)

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