Common use of Mortgagee Protection Clause Clause in Contracts

Mortgagee Protection Clause. Tenant agrees to give any mortgagees and/or trust deed holders, by registered mail, a copy of any notice of default served upon the Landlord, provided that prior to such notice Tenant has been notified in writing of the addresses of such mortgagees and/or trust deed holders. Tenant further agrees that if Landlord shall have failed to cure such default within the time provided for in this Lease, then the mortgagees and/or trust deed holders shall have an additional thirty (30) days within which to cure such default or if such default cannot be cured within that time, then such additional time as may be necessary if within such thirty (30) days any mortgagee and/or trust deed holder has commenced and is diligently pursuing the remedies necessary to cure such default (including but not limited to commencement of foreclosure proceedings if necessary to effect such cure), in which event this Lease shall not be terminated while such remedies are being so diligently pursued.

Mortgagee Protection Clause. Tenant agrees to give any mortgagees and/or trust deed holders, by registered mail, a copy of any notice of default served upon the Landlord, provided that prior to such notice Tenant has been notified in writing of the addresses of such mortgagees and/or trust deed holders. Tenant further agrees that if Landlord shall have failed to cure such default within the time provided for in this Lease, then the mortgagees and/or trust deed holders shall have an additional thirty (30) days within which to cure such default or if such default cannot be cured within that time, then such additional time as may be necessary if within such thirty (30) days any mortgagee and/or trust deed holder has commenced and and. is diligently pursuing the remedies necessary to cure such default (including but not limited to commencement of foreclosure proceedings if necessary to effect such cure), in which event this Lease shall not be terminated while such remedies are being so diligently pursued.

Mortgagee Protection Clause. Tenant agrees to give any mortgagees and/or trust deed holdersMortgagees, by registered certified mail, a copy of any notice of default served upon the Landlord, provided that prior to such notice notice, Tenant has been notified in writing (by way of Notice of Assignment of Rents and Leases, or otherwise) of the addresses of such mortgagees and/or trust deed holdersMortgagees. Tenant further agrees that if Landlord shall have failed to cure such default within the time provided for in this Leasedefault, then the mortgagees and/or trust deed holders Mortgagees shall have an additional thirty (30) days from the date of receiving notice within which to cure such default or if such default cannot be cured by such Mortgagee within that time, then such additional time as may be reasonably necessary if within such thirty (30) days any mortgagee and/or trust deed holder Mortgagee has commenced and is diligently pursuing the remedies necessary to cure such default (including but not limited to commencement of foreclosure proceedings if necessary to effect such cure), in which event this Lease shall not be terminated while such remedies are being so diligently pursued.

Mortgagee Protection Clause. Tenant agrees to give any mortgagees and/or trust deed holders, all Mortgagees by registered certified mail, a copy of any notice of default served upon the Landlord, provided that prior to such notice notice, Tenant has been notified in writing (by way of notice of assignment of rents and leases, or otherwise) of the addresses address of such mortgagees and/or trust deed holdersMortgagee(s). Tenant further agrees that if Landlord shall have failed to cure such default within the time provided for in this Leasedefault, then the mortgagees and/or trust deed holders Mortgagee(s) shall have an additional thirty (30) days from the date of receiving notice within which to cure such default default, or if such default cannot be cured within that time, then such additional time as may be necessary if within such thirty (30) days any mortgagee and/or trust deed holder Mortgagee has commenced and is diligently pursuing the remedies necessary to cure such default (including but not limited to commencement of foreclosure proceedings if necessary to effect such cure), in which event this Lease shall not be terminated while such remedies are being so diligently pursued.