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 Owner shall not accept a surrender of the Property or any part thereof or accept a cancellation, termination or release of this Agreement from 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 parties agree that so long as there exists an unpaid Mortgage, this Agreement shall not be modified or amended and Owner Landlord shall not accept a surrender of the Property Leased Premises or any part thereof or accept a cancellation, termination cancellation or release of this Agreement from Grantee 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 amended, and Owner Landlord shall not accept a surrender of the Property Leased Premises or any part thereof or accept a cancellation, termination cancellation or release of this Agreement from Grantee 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.