Common use of Mortgagee Protection Clause Clause in Contracts

Mortgagee Protection Clause. Tenant shall give all mortgagees and deed of trust holders, by registered or certified mail, copies of all notices 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 Rents and Leases, or otherwise) of the addresses of such mortgagees or deed of trust holders. If Landlord fails to cure such default within the time provided in this Lease, then the mortgagees or deed of trust 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 that within such thirty (30) days any mortgagee or deed of trust holder commences and diligently pursues the remedies necessary to cure such default (including but not limited to commencement of judicial or nonjudicial foreclosure proceedings, if necessary, to effect such cure).

Appears in 2 contracts

Samples: First Lease Addendum (Smartsheet Inc), Office Lease Exhibits (Smartsheet Inc)

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Mortgagee Protection Clause. Tenant shall give all mortgagees and deed of trust holders, by registered or certified mail, copies of all notices 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 Rents and Leases, or otherwise) of the addresses of such mortgagees or deed of trust holders. If Landlord fails to cure such default within the time provided in this Lease, then the mortgagees or deed of trust 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 that within such thirty (30) days any mortgagee or deed of trust holder commences and diligently pursues the remedies necessary to cure such default (including but not limited to commencement of judicial or nonjudicial foreclosure proceedings, if necessary, to effect such cure).. 28

Appears in 1 contract

Samples: First Lease Addendum (Smartsheet Inc)

Mortgagee Protection Clause. Tenant shall give all mortgagees and deed of trust holders, by registered or certified mail, copies of all notices 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 Rents and Leases, or otherwise) of the addresses of such mortgagees or deed of trust holders. If Landlord fails to cure such default within the time provided in this Lease, then the mortgagees or deed of trust 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 that within such thirty (30) days any mortgagee m01tgagee or deed of trust holder commences and diligently pursues the remedies necessary to cure such default (including but not limited to commencement of judicial or nonjudicial foreclosure proceedings, if necessary, to effect such cure).

Appears in 1 contract

Samples: Office Lease Exhibits (Smartsheet Inc)

Mortgagee Protection Clause. Tenant shall will give all any mortgagees and or deed of trust holdersholders of Landlord, by registered or certified mail, copies a copy of all notices any notice of default served by Tenant upon the Landlord, provided that prior to such notice before the notice, Tenant has been notified notified, in writing (by way of a Notice of Assignment of Rents and Leases, Leases or otherwise) ), of the addresses of such the mortgagees or deed of trust holders. If Landlord fails to cure such the default within the time provided in this Lease, then the mortgagees or deed of trust holders shall will have an additional thirty (30) days within which to cure such the default or if such the default cannot be cured within that time, then such additional time as may be necessary, provided that if within such the thirty (30) days any days, the mortgagee or deed of trust holder commences has begun and is diligently pursues pursuing the remedies necessary to cure such the default (including but not limited to commencement of judicial or nonjudicial foreclosure proceedings, if necessary, necessary to effect such the cure), in which event this Lease will not be terminated while the remedies are being so diligently pursued.

Appears in 1 contract

Samples: Lease Agreement

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Mortgagee Protection Clause. Tenant shall give all mortgagees and deed of trust holders, by registered or certified mail, copies of all notices 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 Rents and Leases, or otherwise) of the addresses of such mortgagees or deed of trust holders. If Landlord fails to cure such default within the time provided in this Lease, then the mortgagees or deed of trust 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 that within such thirty (30) days any mortgagee or deed of trust holder commences and diligently pursues the remedies necessary to cure such default (including but not limited to commencement of judicial or nonjudicial foreclosure proceedings, if necessary, to effect such cure).. Xxxxxxxxxx.xxx NNN Lease 28

Appears in 1 contract

Samples: First Lease Addendum (Smartsheet Inc)

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