Common use of Mortgagee’s Consent to Amendment, Termination or Surrender Clause in Contracts

Mortgagee’s Consent to Amendment, Termination or Surrender. Notwithstanding any provision of this Agreement to the contrary, the parties agree that so long as there exists an unpaid Mortgage, this Agreement shall not be modified or amended and Landlord shall not accept a surrender of the Leased Premises or any part thereof or a cancellation or release of this Agreement from Tenant prior to expiration of the Term without the prior written consent of the Mortgagee. This provision is for the express benefit of and shall be enforceable by such Mortgagee.

Mortgagee’s Consent to Amendment, Termination or Surrender. Notwithstanding any provision of this Agreement to the contrary, the parties Parties agree that so long as there exists an unpaid Mortgage, this Agreement shall not be modified or amended and Landlord Owner shall not accept a surrender of the Leased Premises Property or any part thereof or accept a cancellation cancellation, termination or release of this Agreement from Tenant Grantee prior to expiration of the Term without the prior written consent of the Mortgagee. This provision is for the express benefit of and shall be enforceable by such Mortgagee.

Mortgagee’s Consent to Amendment, Termination or Surrender. Notwithstanding any provision of this Agreement to the contrary, the parties agree that so long as there exists an unpaid Mortgage, this Agreement shall not be modified or amended amended, and Landlord shall not accept a surrender of the Leased Premises or any part thereof or a cancellation or release of this Agreement from Tenant prior to expiration of the Term without the prior written consent of the Mortgagee. This provision is for the express benefit of and shall be enforceable by such Mortgagee.

Mortgagee’s Consent to Amendment, Termination or Surrender. Notwithstanding any provision of this Agreement Lease to the contrary, the parties Parties agree that so long as there exists an unpaid Mortgage, this Agreement Lease shall not be modified or amended and Landlord shall not accept a surrender of the Leased Premises or any part thereof or a cancellation or release of this Agreement Lease from Tenant prior to expiration of the Term without the prior written consent of the Mortgagee. This provision is for the express benefit of and shall be enforceable by such Mortgagee.