Common use of Notice to Mortgagees and Lessors Clause in Contracts

Notice to Mortgagees and Lessors. Upon the occurrence of any act or omission on the part of Landlord which would give Tenant the right, either immediately or after the lapse of a period of time, to terminate this lease or the term hereof or to claim a partial or total eviction, Tenant shall not exercise such right until (i) it has given notice of the occurrence of such act or omission to holders of any mortgages which at the time shall be liens on the leasehold estate under any ground lease or the Real Property, and the lessors under all underlying leases, if the names and addresses of such holders and lessors shall previously have been furnished to Tenant, and (ii) a period of time has elapsed after such notice as shall equal the greater of (y) twice the length of time to which Landlord would be entitled under this lease or otherwise, after similar notice, to remedy such act or omission, or (z) the same time to which Landlord would be so entitled, plus the time reasonably required to enable the holder of such mortgage or lease to become legally entitled (through receivership or otherwise) to remedy such act or omission.

Notice to Mortgagees and Lessors. Upon the occurrence of any act or omission on the part of Landlord which would give Tenant the right, either immediately or after the lapse of a period of time, to terminate this lease or the term hereof or to claim a partial or total eviction, Tenant shall not exercise such right until (i) it has given notice of the occurrence of such act or omission to holders of any mortgages which at the time shall be liens on the leasehold estate under any ground lease or the Real Property, and the lessors under all underlying leases, if the names and addresses of such holders and lessors shall previously have been furnished to Tenant, and (ii) a period of time has elapsed after such notice as shall equal the greater of (y) twice the 58 length of time to which Landlord would be entitled under this lease or otherwise, after similar notice, to remedy such act or omission, or (z) the same time to which Landlord would be so entitled, plus the time reasonably required to enable the holder of such mortgage or lease to become legally entitled (through receivership or otherwise) to remedy such act or omission.