Common use of Mortgagee’s Consent Clause in Contracts

Mortgagee’s Consent. If the Lessor wishes to grant a mortgage or charge over the title to the Land or any Dwelling at any time before the Commencement Date, it must obtain the unconditional written consent of the proposed mortgagee or chargee to the Leases over the Dwellings prior to granting such mortgage or charge and provide a copy of the consent to the Lessee within 14 days after having received it.

Mortgagee’s Consent. ‌ If the Lessor wishes to grant a mortgage or charge over the title to the Land or any Dwelling at any time before the Commencement Date, it must obtain the unconditional written consent of the proposed mortgagee or chargee to the Leases over the Dwellings prior to granting such mortgage or charge and provide a copy of the consent to the Lessee within 14 days after having received it.