New Leases. If the Mortgaged Lease shall be terminated prior to the natural expiration of its term due to default by Mortgagor or any tenant thereunder, and if, pursuant to the provisions of the Mortgaged Lease, Mortgagee or its designee shall acquire from the lessor a new lease of the premises subject to the Mortgaged Lease, Mortgagor shall have no right, title or interest in or to such new lease or the leasehold estate created thereby, or renewal privileges therein contained.
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Samples: Credit Agreement (Cpi International, Inc.), Credit Agreement (Cpi International, Inc.)
New Leases. If the Mortgaged Lease shall be terminated prior to the natural expiration of its term due to default by Mortgagor Grantor or any tenant thereunder, and if, pursuant to the provisions of the Mortgaged Lease, Mortgagee Beneficiary or its designee shall acquire from the lessor a new lease of the premises subject to the Mortgaged Lease, Mortgagor Grantor shall have no right, title or interest in or to such new lease or the leasehold estate created thereby, or renewal privileges therein contained.
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Samples: Credit Agreement (Energy Future Intermediate Holding CO LLC), Purchase Agreement (Terremark Worldwide Inc)
New Leases. If the Mortgaged Lease shall be terminated prior to the natural expiration of its term due to default by Mortgagor Grantor or any tenant thereunder, and if, pursuant to the provisions of the Mortgaged Lease, Mortgagee Beneficiary or its designee shall acquire from the lessor Lessor a new lease of the premises subject to the Mortgaged LeaseLand, Mortgagor Grantor shall have no right, title or interest in or to such new lease or the leasehold estate created thereby, or renewal privileges therein contained.
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New Leases. If the Mortgaged Lease Leases shall be terminated prior to the natural expiration of its term due to default by Mortgagor the Grantor or any tenant Tenant thereunder, and if, pursuant to the provisions of the Mortgaged LeaseLeases, Mortgagee the Beneficiary or its designee shall acquire from the lessor Lessor a new lease of the premises Premises subject to the Mortgaged LeaseLeases, Mortgagor the Grantor shall have no right, title or interest in or to such new lease or the leasehold estate created thereby, or renewal privileges therein contained.
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