Common use of MORTGAGEE'S APPROVAL Clause in Contracts

MORTGAGEE'S APPROVAL. If any mortgagee of the Center requires any modification of the terms and provisions of this Lease as a condition to such financing as Landlord may desire, then Landlord shall have the right to cancel this Lease if Tenant fails or refuses to approve and execute such modification(s) within thirty (30) days after Xxxxxxxx’s request therefor, provided said request is made at least thirty (30) days prior to delivery of possession. Upon such cancellation by Landlord, this Lease shall be null and void and neither party shall have any liability either for damages or otherwise to the other by reason of such cancellation. In no event, however, shall Tenant be required to agree, and Landlord shall not have any right of cancellation for Xxxxxx’s refusal to agree, to any modification of the provisions of this Lease relating to: the amount of rent or other charges reserved herein; the size and/or location of the Premises; the duration and/or Commencement Date of the Lease Term; or reducing the improvements to be made by Landlord to the Premises prior to delivery of possession.

Appears in 7 contracts

Samples: Lease (Impossible Kicks Holding Company, Inc.), Lease (Impossible Kicks Holding Company, Inc.), Lease (Impossible Kicks Holding Company, Inc.)

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MORTGAGEE'S APPROVAL. If any mortgagee of the Center requires any modification of the terms and provisions of this Lease as a condition to such financing as Landlord may desire, then Landlord shall have the right to cancel this Lease if Tenant fails or refuses to approve and execute such modification(s) within thirty (30) days after Xxxxxxxx’s Landlord's request therefor, provided said request is made at least thirty (30) days prior to delivery of possession. Upon such cancellation by Landlord, this Lease shall be null and void and neither party shall have any liability either for damages or otherwise to the other by reason of such cancellation. In no event, however, shall Tenant be required to agree, and Landlord shall not have any right of cancellation for Xxxxxx’s Tenant's refusal to agree, to any modification of the provisions of this Lease relating to: the amount of rent or other charges reserved herein; the size and/or location of the Premises; the duration and/or Commencement Date of the Lease Term; or reducing the improvements to be made by Landlord to the Premises prior to delivery of possession.

Appears in 2 contracts

Samples: Lease (St John Knits Inc), Havana Republic Inc/Fl

MORTGAGEE'S APPROVAL. If any mortgagee of the Shopping Center requires any modification of the terms and provisions of this Lease as a condition to such financing as Landlord may desire, then Landlord shall have the right to cancel this Lease if Tenant fails or refuses to approve and execute such modification(s) within thirty (30) days after XxxxxxxxLandlord’s request therefor, provided said request is made at least thirty (30) days prior to delivery the commencement of possessionthe Lease Term. Upon such cancellation by Landlord, this Lease shall be null and void and neither party shall have any liability either for damages or otherwise to the other by reason of such cancellation. In no event, however, shall Tenant be required to agree, and Landlord shall not have any right of cancellation for XxxxxxTenant’s refusal to agree, to any modification of the provisions of this Lease relating to: the amount of rent Rent or other charges reserved herein; the size and/or location of the Premises; or the duration and/or Commencement Date commencement date of the Lease Term; or reducing the improvements to be made by Landlord to the Premises prior to delivery of possession.

Appears in 1 contract

Samples: Lease Guaranty (FBC Holding, Inc.)

MORTGAGEE'S APPROVAL. If any mortgagee of the Center Lessor's premises requires any modification of the terms and provisions of this Lease as a condition to such financing as Landlord may desirefinancing, then Landlord Lessor shall have the right to cancel this Lease if Tenant Lessee fails or refuses to approve be approved and execute such modification(s) modifications within thirty (30) days after Xxxxxxxx’s Lessor's request therefor, provided that said request is made at least thirty (30) days prior to the delivery of possession. Upon such cancellation by LandlordLessor, this Lease shall be null and void and neither party shall have any liability either for damages or otherwise to the other by reason of such cancellation. In no event, however, shall Tenant Lessee be required to agree, agree and Landlord Lessor shall not have any right of cancellation for Xxxxxx’s Lessee's refusal to agree, agree to any modification of the provisions of this Lease relating to: the The amount of rent or other charges reserved herein; , the size and/or location of the Premises; premises, the duration and/or Commencement Date commencement date of the Lease Termterm; or reducing the improvements to be made by Landlord Lessor to the Premises demised premises prior to delivery of possession.

Appears in 1 contract

Samples: Lease Agreement (Ipayment Inc)

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MORTGAGEE'S APPROVAL. If any mortgagee of the Center requires --------------------- any modification of the terms and provisions of this Lease as a condition to such financing as Landlord may desire, then Landlord shall have the right to cancel this Lease if Tenant fails or refuses to approve and execute such modification(s) within thirty (30) days after Xxxxxxxx’s Landlord's request therefortherefore, provided said request is made at least thirty (30) days prior to delivery of possession. Upon such cancellation by Landlord, this Lease shall be null and void and neither party shall have any liability either for damages or otherwise to the other by reason of such cancellation. In no event, however, shall Tenant be required to agree, and Landlord shall not have any right of cancellation for Xxxxxx’s Tenant's refusal to agree, to any modification of the provisions of this Lease relating to: (a) the amount of rent or other charges reserved herein; (b) the size and/or location of the Premises; or (c) the duration and/or Commencement Date of the Lease Term; or reducing term of the improvements to be made by Landlord to the Premises prior to delivery of possessionLease.

Appears in 1 contract

Samples: Center Lease (Intellisys Group Inc)

MORTGAGEE'S APPROVAL. If any mortgagee of the Center Premises requires --------------------- any modification of the terms and provisions of this Lease as a condition to such financing as Landlord may desire, then Landlord shall have the right to cancel this Lease if Tenant fails or refuses to approve and execute such modification(s) within thirty (30) days after Xxxxxxxx’s Landlord's request therefor, provided said request is made at least thirty (30) days prior to delivery of possessionthe Commencement Date. Upon such cancellation by Landlord, this Lease shall be null and void and neither party shall have any liability either for damages or otherwise to the other by reason of such cancellation. In no event, however, shall Tenant be required to agree, and Landlord shall not have any right of cancellation for Xxxxxx’s Tenant's refusal to agree, to any modification of the provisions of this Lease relating to: the amount of rent or other charges reserved herein; the size and/or location of the Premises; the duration and/or Commencement Date of the Lease Termterm; or reducing the construction of the improvements to be made by Landlord to the Premises prior to delivery of possession.

Appears in 1 contract

Samples: Lease (Delta Woodside Industries Inc /Sc/)

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