Common use of Mortgagee Protection Clause Clause in Contracts

Mortgagee Protection Clause. Tenant agrees to give any mortgagees, trust deed holders and/or ground lessor, 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 (by way of notice of assignment of lease, or otherwise) of the addresses of such mortgagees, trust deed holders and/or ground lessor. 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, provided such mortgagees, trust deed holders and/or ground lessor commence such cure within thirty (30) days and diligently pursue the remedies necessary to cure such default (including but not limited to commencement of foreclosure proceedings to effect such cure), in which event this Lease shall not be terminated while such remedies are being so diligently pursued.

Appears in 4 contracts

Samples: Lease Agreement (Cinemark Holdings, Inc.), Lease Agreement (Cinemark Holdings, Inc.), Lease Agreement (Cinemark Holdings, Inc.)

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Mortgagee Protection Clause. Tenant agrees to give any mortgagees, mortgagees and/or trust deed holders and/or ground lessorholders, by registered mail, a copy of any notice of default default, served upon the Landlord, provided that prior to delivery of such notice Tenant has been notified in writing (by way of notice Notice of assignment Assignment of leaseRents and Leases, or otherwise) of the addresses of such mortgagees, mortgagees and/or trust deed holders and/or ground lessorand the same have executed a Non-Disturbance Agreement as provided and defined below. 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 fifteen days (3015) days 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, provided necessary if within such mortgagees, fifteen days (15) any mortgagee and/or trust deed holders and/or ground lessor commence such cure within thirty (30) days holder has commenced and is diligently pursue 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.

Appears in 2 contracts

Samples: Ground Lease Agreement (Petco Animal Supplies Inc), Lease Agreement (Petco Animal Supplies Inc)

Mortgagee Protection Clause. Tenant agrees to give any mortgagees, trust deed holders Mortgagees and/or ground lessorTrust Deed Holders, by registered 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 Notice of assignment Assignment of leaseRents and Leases, or otherwise) of the addresses of such mortgagees, trust deed holders Mortgagees and/or ground lessorTrust Deed Holders. Tenant further agrees that if Landlord shall have failed to cure such default within the time provided for in this Leasedefault, then the mortgagees Mortgagees and/or trust deed holders Trust Deed Holders 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, provided necessary if within such mortgagees, trust deed holders and/or ground lessor commence such cure within thirty (30) days any Mortgagee and/or Trust Deed Holder has commenced and is diligently pursue 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.

Appears in 2 contracts

Samples: Lease Agreement (Sync Research Inc), Lease Agreement (Entrada Networks Inc)

Mortgagee Protection Clause. Tenant agrees to give any mortgagees, mortgagees and/or trust deed holders and/or ground lessorholders, 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 (by way of notice of assignment of lease, or otherwise) of the addresses of such mortgagees, mortgagees and/or trust deed holders and/or ground lessorholders. 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, provided such mortgagees, mortgagees and/or trust deed holders and/or ground lessor commence such cure within thirty (30) days and diligently pursue the remedies necessary to cure such default (including including, but not limited to to, commencement of foreclosure proceedings proceedings, if necessary to effect such cure), in which event this Lease shall not be terminated while such remedies are being so diligently pursued.

Appears in 2 contracts

Samples: Net Lease Agreement (Financial Pacific Insurance Group Inc), Lease Agreement (Access Health Inc)

Mortgagee Protection Clause. Tenant agrees to give any mortgagees, rnortgagees and/or trust deed holders and/or ground lessorholders, by registered mail, a copy of any orally notice of default default, served upon the Landlord, provided that prior to such notice Tenant has been notified in writing (by way of notice Notice of assignment Assignment of leaseRents and Leases, or otherwise) of the addresses of such mortgageesmortgagees and/or nest deed holders, trust deed holders and/or ground lessor. 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 decd holders shall have an all additional thirty days (30) days 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, provided necessary if within such mortgagees, trust deed holders and/or ground lessor commence such cure within thirty days (30) days any mortgagee and/or trust deed holder has commenced and is diligently pursue pursuing the remedies necessary to cure such default (including but not limited to commencement of foreclosure proceedings if necessary to effect affect such cure), in which event this Lease shall not be terminated while such remedies are being so diligently pursued.

Appears in 1 contract

Samples: Lease Agreement (Bank Holdings)

Mortgagee Protection Clause. Tenant agrees to give any mortgagees, mortgagees and/or trust deed holders and/or ground lessorholders, by registered mail, a copy of any notice of default default, served upon the Landlord, provided that prior to such notice Tenant has been notified in writing (by way of notice Notice of assignment Assignment of leaseRents and Leases, or otherwise) of the addresses of such mortgagees, mortgagees and/or trust deed holders and/or ground lessor. 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 days (30) days 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, provided necessary if within such mortgagees, trust deed holders and/or ground lessor commence such cure within thirty days (30) days any mortgagee and/or trust deed holder has commenced and is diligently pursue pursuing the remedies necessary to cure such default (including but not limited to commencement of foreclosure proceedings if necessary to effect affect such cure), in which event this Lease shall not be terminated while such remedies are being so diligently pursued.

Appears in 1 contract

Samples: Lease (Community Bancorp Inc)

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Mortgagee Protection Clause. Tenant agrees to give any mortgagees, mortgagees and/or trust deed holders and/or ground lessorholders, by registered mail, a copy of any notice of default default, served upon the Landlord, provided that prior to such notice Tenant has been notified in writing (by way of notice Notice of assignment Assignment of leaseRents and Leases, or otherwise) of the addresses of such mortgagees, mortgagees and/or trust deed holders and/or ground lessorholders. 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 days (30) days 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, provided necessary if within such mortgagees, trust deed holders and/or ground lessor commence such cure within thirty days (30) days any mortgagee and/or trust deed holder has commenced and is diligently pursue 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.

Appears in 1 contract

Samples: Ground Lease Agreement (Petco Animal Supplies Inc)

Mortgagee Protection Clause. Tenant agrees to give any mortgagees, mortgagees and/or trust deed holders and/or ground lessorholders, by registered mail, a copy of any notice of default default, served upon the Landlord, provided that prior to such notice Tenant has been notified in writing (by way of notice Notice of assignment Assignment of leaseRents and Leases, or otherwise) of the addresses of such mortgagees, mortgagees and/or trust deed holders and/or ground lessor. 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 days (30) days 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, provided necessary if within such mortgagees, trust deed holders and/or ground lessor commence such cure within thirty days (30) days any mortgagee and/or trust deed holder has commenced and is diligently pursue pursuing the remedies necessary to cure such default (including but not limited to commencement of foreclosure proceedings if necessary to effect affect such cure), in which event this Lease shall not be terminated while such remedies are being so diligently pursued.. ARTICLE XVIII

Appears in 1 contract

Samples: Standard Shopping Center Lease (California Independent Bancorp)

Mortgagee Protection Clause. Tenant agrees to give any mortgagees, mortgagees and/or trust deed holders and/or ground lessorholders, 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 (by way of notice Notice of assignment Assignment of leaseRents and Leases, or otherwise) of the addresses of such mortgagees, mortgagees and/or trust deed holders and/or ground lessorholders. 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 from the time in which they are entitled under the mortgage to remedy any default, 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, provided necessary if within such mortgagees, trust deed holders and/or ground lessor commence such cure within thirty (30) days any mortgagee and/or trust deed holder has commenced and is diligently pursue 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 if such remedies are being so diligently pursued.

Appears in 1 contract

Samples: Lease Agreement (Central Credit, LLC)

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