Common use of Mortgagee Protection Clause in Contracts

Mortgagee Protection. If Landlord defaults under this Lease, Tenant shall give written notice of such default to any beneficiary of a deed of trust or mortgagee of a mortgage covering the Premises, and 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 9 contracts

Samples: Sublease (BigBand Networks, Inc.), Sublease (Realnames Corp), Lease Agreement (Broadvision Inc)

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Mortgagee Protection. If Landlord defaults under this Lease, Tenant shall give written notice of such default shall, if earlier requested by Landlord or any lender with respect to the Project, notify by registered or certified mail to any beneficiary of a deed of trust or mortgagee of a mortgage covering the Premises, Premises and 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 6 contracts

Samples: Office Lease Agreement, Office Lease Agreement (Corcept Therapeutics Inc), Office Lease Agreement (Geron Corp)

Mortgagee Protection. If Landlord defaults under this Lease, Tenant shall give written notice of such default will notify by registered or certified mail to any beneficiary of a deed of trust or mortgagee of a mortgage covering the Premises, of whom Tenant has been notified in writing, and 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 4 contracts

Samples: Lease (Vocera Communications, Inc.), Standard Single Tenant Lease Triple Net (Media Arts Group Inc), Standard Single Tenant Lease Triple Net (Media Arts Group Inc)

Mortgagee Protection. If Landlord defaults under this Lease, Tenant shall give written notice of such default to any beneficiary of a deed of trust or mortgagee of a mortgage covering the Premises, so long as Tenant has received written notice of the existence of such beneficiary or mortgagee, and 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 3 contracts

Samples: Lease (BigBand Networks, Inc.), Lease Agreement (Claria Corp), Lease (Supportsoft Inc)

Mortgagee Protection. If Landlord defaults under this Lease, Tenant shall give written notice of such default to will notify any beneficiary of a deed of trust or mortgagee of a mortgage covering the PremisesBuilding or the Project, and offer such beneficiary or mortgagee a reasonable opportunity to cure the default, including time to obtain possession of the Premises Building or the Project by power of sale or a judicial foreclosure, if such should prove necessary to effect a cure.

Appears in 3 contracts

Samples: Lease Agreement (Utstarcom Inc), Standard Office Lease (VirnetX Holding Corp), Standard Office Lease (Pasw Inc)

Mortgagee Protection. If Landlord defaults under this Lease, Tenant shall give written notice of such default to any beneficiary of a deed of trust or mortgagee of a mortgage covering the Premises, so long as Tenant has received notice of the existence of such beneficiary or mortgagee, and 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 (Excite Inc), Lease Agreement (Excite Inc)

Mortgagee Protection. If Landlord defaults under this Lease, . Tenant shall give written notice of such default to will notify any beneficiary of a deed of trust or mortgagee of a mortgage covering the Premises, and 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: Sublease Agreement (Fogdog Inc), Lease (Ampex Corp /De/)

Mortgagee Protection. If Landlord defaults under this LeaseIn the event of any default on the part of Landlord, Tenant shall give written notice of such default to notify, by registered or on certified mail, any beneficiary of a deed of trust or mortgagee of a mortgage covering the PremisesPremises whose address shall have been furnished to 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 2 contracts

Samples: Office Lease (Cougar Biotechnology, Inc.), Office Space Lease (Kaleidoscope Media Group Inc)

Mortgagee Protection. If Landlord defaults under this LeaseIn the event of any default on the part of Landlord, Tenant shall will give written notice of such default by registered or certified mail to any beneficiary of a deed of trust or mortgagee of a mortgage covering the PremisesPremises (provided Landlord has provided Tenant wixx xxx xame and address of such beneficiary or mortgagee), 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: Consent to Assignment (Convera Corp)

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Mortgagee Protection. If Landlord defaults under this Lease, Tenant shall give written notice of such default to will notify any beneficiary of a first deed of trust or mortgagee of a first mortgage covering the PremisesPremises for whom Tenant has an address for notice, and 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 (Storage Dimensions Inc)

Mortgagee Protection. If Landlord defaults under this Lease, Tenant shall give written notice of such default to will notify any beneficiary of a deed of trust or mortgagee of a mortgage covering the PremisesPremises whose address has been furnished to Tenant in writing, and 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, and provided that such attempt to cure by any such beneficiary or mortgagee shall not limit the remedies otherwise available to Tenant as a result of the default of Landlord.

Appears in 1 contract

Samples: Assignment of Lease (Oni Systems Corp)

Mortgagee Protection. If Landlord defaults under this Lease, Tenant shall give written notice of such default to any beneficiary of a deed of trust or mortgagee of a mortgage covering the Premises, and 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 (Communication Telesystems International)

Mortgagee Protection. If Landlord defaults under this Lease, Tenant shall give written notice of such default to will notify any beneficiary of a first deed of trust or mortgagee of a first mortgage covering the PremisesPremises (of which Tenant has been given prior written notice and the address thereof), and 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 (C Cube Microsystems Inc)

Mortgagee Protection. If Landlord defaults under this Lease, Tenant shall give written notice of such default to will notify any beneficiary of a deed of trust or mortgagee of a mortgage covering the Premises, and 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 (Ampex Corp /De/)

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