MORTGAGES AND ENCUMBRANCES. 26) In the event the Leased Premises are encumbered by a prior mortgage, Xxxxxx shall not have the right to suspend payment of any moneys due hereunder solely due to such prior mortgage, unless the prior mortgage is subject to a foreclosure action. Xxxxxx, however, shall have the right to obtain, at its own expense, a subordination of such mortgage and Xxxxxx agrees to cooperate in securing any subordinations of prior mortgages.
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Samples: And Gas Lease, And Gas Lease, Entire Agreement
MORTGAGES AND ENCUMBRANCES. 26) In the event the Leased Premises are encumbered by a prior mortgage, Xxxxxx shall not have the right to suspend payment of any moneys due hereunder solely due to such prior mortgage, unless the prior mortgage is subject to a foreclosure actionhereunder. Xxxxxx, however, shall have the right to obtain, at its own expense, a subordination of such mortgage and Xxxxxx agrees to cooperate in securing any subordinations of prior mortgages.mortgage. CONDEMNATION
Appears in 2 contracts
Samples: And Gas Lease, And Gas Lease
MORTGAGES AND ENCUMBRANCES. 26) In the event the Leased Premises are encumbered by a prior mortgage, Xxxxxx shall not have the right to suspend payment of any moneys due hereunder solely due to such prior mortgage, unless the prior mortgage is subject to a foreclosure actionhereunder. Xxxxxx, however, shall have the right to obtain, at its own expense, a subordination of such mortgage and Xxxxxx agrees to cooperate in securing any subordinations of prior mortgagesmortgage.
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Samples: ohiodnr.gov