Mortgagee Provisions. Any person or entity that holds or is the beneficiary of a first position mortgage, deed of trust or other security interest in this Lease or in any Permitted Improvements located on the Premises (any such first position mortgage, deed of trust or other security interest is referred to herein as a “Leasehold Mortgage,” and any such beneficiary a “Leasehold Mortgagee”) shall, for so long as its Leasehold Mortgage is in existence and until the lien thereof has been extinguished, be entitled to the protections set forth in this Article XV. No Leasehold Mortgage shall encumber the interest of Lessor or Lessor’s fee interest in and to the Premises, or Lessor’s rights under this Lease.
Mortgagee Provisions. The following provisions are for the benefit of holders, insurers, and guarantors of First Mortgages on Units in the Community. The provisions of this Article apply to both this Declaration and to the Bylaws, notwithstanding any other provisions contained therein.
Mortgagee Provisions. The following provisions are for the benefit of Mortgagees that are the beneficiary or holder of a first Mortgage on a Parcel or Parcels within the Property.
Mortgagee Provisions. Any person or entity that holds or is the beneficiary of a first position mortgage, deed of trust or other security interest in this Lease or in any Permitted Improvements located on the Premises (any such first position mortgage, deed of trust or other security interest is referred to herein as a “Leasehold Mortgage,” and any such beneficiary a “Leasehold Mortgagee”) shall, for so long as its Leasehold Mortgage is in existence and until the lien thereof has been extinguished, be entitled to the protections set forth in this Article 15. No Leasehold Mortgage shall encumber the interest of Lessor or Lessor’s fee interest in and to the Premises, or Lessor’s rights under this Lease.
Mortgagee Provisions. Equipment Financing. Lessor acknowledges that Lessee may in the future enter into a financing arrangement including promissory notes and financial and security agreements for the financing of the Tower and Base Station and that Lessee’s tenants, lessees or licensees may have entered into (or may in the future enter into) such financing arrangements for the financing of their equipment installed as part of the Base Station (collectively, the “Collateral”). In connection therewith, Lessor (i) consents to the installation of the Collateral (subject to the terms and provisions of the Lease); and (ii) disclaims any interest in the Collateral, as fixtures or otherwise.
Mortgagee Provisions. (a) Landlord covenants and represents that there are no mortgages or liens, recorded or otherwise, secured by the fee estate of the demised premises or Landlord’s interest therein.
Mortgagee Provisions. 30.1 If Lessor finances the construction of the improvements contemplated by this Lease, Lessor shall notify Lessee of such financing and if Lessee is notified thereof, then while such debt remains outstanding:
Mortgagee Provisions. For the purpose of protecting the interests of -------------------- and security of an institutional first mortgage lender to Tenant, Tenant and Owner agree that the following provisions and conditions shall be applicable and binding upon Owner and Tenant during such periods of time and for so long as the loan or loans made by any such first mortgage lender have not been fully paid, satisfied, performed and discharged:
Mortgagee Provisions. In the event that this Lease continues in effect following a foreclosure, Tenant agrees that: (i) Tenant shall not be credited as against the foreclosure purchaser with any rent allocable to the period after such foreclosure sale and paid more than sixty days in advance of its due date, except in the event of additional rent required to be paid pursuant to Section 14 (J) (4) of this Lease in which event such Rent paid in advance shall be the amount of Rent credited to Tenant against a foreclosure purchaser and (ii) neither mortgagee nor any other successor to Landlord shall ever be liable or responsible: (a) for any breach of a covenant contained in this Lease that occurred before such party acquired its interest in the property, or (b) for any continuing breach thereof, except to the extent such breach continues after acquisition and mortgagee or its successor, as applicable, has received at least thirty days prior written notice thereof and the right to cure, or (c) for any security deposits held by Landlord which have not been actually received by mortgagee or its successor. Tenant agrees that, prior to exercising any rights or remedies Tenant may have under this Lease by reason of such default, Tenant shall give mortgagee written notice of any default by Landlord under this Lease and an opportunity to cure such default within thirty days after receipt of such notice or, if such cure requires more than thirty days, within a reasonable time after such notice provided mortgagee or its successor proceeds diligently to effect such cure.
Mortgagee Provisions
