Common use of No Lease Default Clause in Contracts

No Lease Default. Notwithstanding anything to the contrary contained herein, if contesting the validity or amount of any Imposition shall cause a breach of any of the terms, conditions or covenants required to be performed by Mortgagor as lessor under any Lease, Mortgagor shall not have the right to contest the same as provided in Section 1.02H, and Mortgagor shall pay such Imposition pursuant to Section 1.02A.

Appears in 2 contracts

Samples: Rents and Security Agreement (Industrial Income Trust Inc.), Security Agreement and Fixture Filing (Dividend Capital Total Realty Trust Inc.)

AutoNDA by SimpleDocs

No Lease Default. Notwithstanding anything to the contrary contained herein, if If contesting the validity or amount of any ---------------- Imposition shall cause a breach of any of the terms, conditions or covenants required to be performed by Mortgagor as lessor under any LeaseLease (as hereinafter defined), then Mortgagor shall not have the right to contest the same as provided in Section 1.02HSubsection ---------- 1.02G, and Mortgagor shall pay payment of such Imposition shall be made pursuant to Section 1.02A.Subsection 1.02A ----- ---------------- above.

Appears in 1 contract

Samples: And Security Agreement (Overseas Partners LTD)

AutoNDA by SimpleDocs

No Lease Default. Notwithstanding anything to the contrary contained herein, if If contesting the validity or amount of any Imposition or Contested Lien shall cause a breach of any of the terms, conditions or covenants required to be performed by Mortgagor as lessor under any Lease, Mortgagor shall not have the right to contest the same as provided in Section 1.02H, and Mortgagor shall pay such Imposition and/or Contested Lien pursuant to Section 1.02A.

Appears in 1 contract

Samples: Security Agreement and Fixture (KBS Real Estate Investment Trust II, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.