Common use of No Fee Mortgages Clause in Contracts

No Fee Mortgages. Notwithstanding anything to the contrary contained in the Lease, Landlord shall not hereafter encumber Landlord's reversionary fee interest in the Real Property or any part thereof with a deed of trust, mortgage or other security instrument without the prior written consent of Tenant and Lender, which consent may be withheld unless such encumbrance contains or is accompanied by recognition agreements which adequately protect Tenant's and Lender's interests in the Lease and the Leasehold.

No Fee Mortgages. Notwithstanding anything to the contrary contained in the Lease, Landlord shall not hereafter encumber Landlord's reversionary fee interest in the Real Property or any part thereof with a deed of trust, mortgage or other security instrument without the prior written consent of Tenant and Lender, which consent may be withheld unless such encumbrance contains or is accompanied by recognition agreements which adequately protect Tenant's and LenderXxxxxx's interests in the Lease and the Leasehold.