Common use of Mortgagee’s Liability Clause in Contracts

Mortgagee’s Liability. The obligations and Liabilities of Landlord, Landlord's Mortgagees or their successors under this Lease will exist only if and for so long as each of these respective parties owns fee title to the Premises or is the lessee under a ground lease of the Premises. Tenant will be liable to Landlord's Mortgagees or their successors if any of those parties become the owner of the Premises for any payment of base rent made more than thirty (30) days in advance of the due date for such payment as set forth in this Lease. Landlord's Mortgagees and their successors will not be liable for: (a) acts or omissions of prior owners; (b) the return of any security deposit not delivered to them; or (c) amendments to this Lease made without their consent (if their consent is required under a Superior Lease or Mortgage).

Appears in 3 contracts

Samples: Option Agreement (Polycom Inc), Agreement (Picturetel Corp), Picturetel Corp

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Mortgagee’s Liability. The obligations and Liabilities of Landlord, Landlord's ’s Mortgagees or their successors under this Lease will exist only if and for so long as each of these respective parties owns fee title to the Premises Project or is the lessee under a ground lease of the PremisesProject. Tenant will be liable to Landlord's ’s Mortgagees or their successors if any of those parties become the owner of the Premises Project for any payment of base rent made paid more than thirty (30) days in advance of except to the due date for extent that such payment as set forth in this Leaserent is actually received by the Mortgagee. Landlord's ’s Mortgagees and their successors will not be liable for: (a) acts or omissions of prior owners; (b) the return of any security deposit not delivered to them; or (c) amendments to this Lease made without their consent (if their consent is required under a Superior Lease or Mortgage).

Appears in 2 contracts

Samples: Lease (Transmedics Inc), Lease (Transmedics Inc)

Mortgagee’s Liability. The obligations and Liabilities of Landlord, Landlord's ’s Mortgagees or their successors under this Lease will exist only if and for so long as each of these respective parties owns fee title to the Premises Project or is the lessee under a ground lease of the PremisesProject. Tenant will be liable to Landlord's ’s Mortgagees or their successors if any of those parties become the owner of the Premises Project for any payment of base rent made paid more than thirty (30) days in advance of except to the due date for extent that such payment as set forth in this Leaserent is actually received by the Mortgagee. Landlord's ’s Mortgagees and their successors will not be liable for: (a) acts or omissions of prior owners; (b) the return of any security deposit not delivered to them; or (c) amendments to this Lease made without their consent (if Of their consent is required under a Superior Lease or Mortgage).

Appears in 2 contracts

Samples: Lease (TransMedics Group, Inc.), Lease (TransMedics Group, Inc.)

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Mortgagee’s Liability. The obligations and Liabilities of Landlord, Landlord's Mortgagees or their successors under this Lease will exist only if and for so long as each of these respective parties owns fee title to the Premises or is the thc. lessee under a ground lease of the Premises. Tenant will be liable to Landlord's Mortgagees or their successors if any of those parties become the owner of the Premises for any payment of base rent made more than thirty (30) days in advance of the due date for such payment as set forth in this Lease. Landlord's Mortgagees and their successors will not be liable for: (a) acts or omissions of prior owners; (b) the return of any security deposit not delivered to them; or (c) amendments to this Lease made without their consent (if their consent is required under a Superior Lease or Mortgage).

Appears in 1 contract

Samples: Lease (Cabletron Systems Inc)

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