Common use of RIDER TO MASTER TENANT SECURITY AGREEMENT Clause in Contracts

RIDER TO MASTER TENANT SECURITY AGREEMENT. A. Notwithstanding any provision in the Supplemental Master Tenant Security Agreement (the “Agreement”) to the contrary, upon the occurrence of an Event of Default under the Loan Documents, provided that (i) Master Tenant is not in violation of any Master Tenant Documents or this Agreement, (ii) Master Tenant’s master lease payments continue to be made to the satisfaction of Lender; (iii) Master Tenant is not in violation of any provision of the Master Lease; and (iv) there is no Material Risk of Termination, the Lender, on behalf of itself, and its successors and assigns, agrees that (x) it will not exercise any remedies available to it under Section 10 of the Supplemental Master Tenant Security Agreement against Master Tenant or the Collateral, and (y) Master Tenant shall retain its rights under the first sentence of Section 2(c) of the Master Tenant Security Agreement to collect Rents and exercise its rights, powers and authority under the Leases. Should an Event of Default under the Loan Documents or Master Lease Documents be subsequently cured, the Master Xxxxxx’s rights to collect Rents and to exercise its rights, powers and authority under the Leases shall be reinstated.

Appears in 6 contracts

Samples: Supplemental Master Tenant Security Agreement, Supplemental Master Tenant Security Agreement, Supplemental Master Tenant Security Agreement

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RIDER TO MASTER TENANT SECURITY AGREEMENT. A. Notwithstanding any provision in the Supplemental Master Tenant Security Agreement (the “Agreement”) to the contrary, upon the occurrence of an Event of Default under the Loan Documents, provided that (i) Master Tenant is not in violation of any Master of the Tenant Documents or this Agreement, ; (ii) Master Tenant’s master lease payments continue to be made to the satisfaction of Lender; , (iii) Master Tenant is not in violation of any provision of the Master Lease; , and (iv) there is no Material Risk of Termination, the Lender, on behalf of itself, and its successors and assigns, agrees that (x) it will not exercise any remedies available to it under Section 10 9 of the Supplemental Master Tenant Security Agreement against Master Tenant or the Collateral, and (y) Master Tenant shall retain its rights under the first sentence assignment of leases and rents referenced in Section 2(c) 21 of the Master Tenant Security Agreement to collect Rents and exercise its rights, powers and authority under the Leases. Should an Event of Default under the Loan Documents or Master Lease Documents be subsequently cured, the Master Xxxxxx’s rights to collect Rents and to exercise its rights, powers and authority under the Leases shall be reinstated.

Appears in 4 contracts

Samples: Master Tenant Security Agreement, Master Tenant Security Agreement, Master Tenant Security Agreement

RIDER TO MASTER TENANT SECURITY AGREEMENT. A. Notwithstanding any provision in the Supplemental Master Tenant Security Agreement (the “Agreement”) to the contrary, upon the occurrence of an Event of Default under the Loan Documents, provided that (i) Master Tenant is not in violation of any the Master Tenant Documents or this Regulatory Agreement, for so long as (iii) Master Tenant’s master lease payments continue to be made to the satisfaction of Lender; , (iiiii) Master Tenant is not in violation of any provision of the Master Lease; , and (iviii) there is no Material Risk of Termination, the Lender, on behalf of itself, and its successors and assigns, agrees that (x) it will not exercise any remedies available to it under Section 10 of the Supplemental Master Tenant Security Agreement against Master Tenant or the Collateral, and (y) Master Tenant shall retain its rights under the first sentence of Section 2(c) of the Master Tenant Security Agreement to collect Rents and exercise its rights, powers and authority under the Leases. Should an Event of Default under the Loan Documents or Master Lease Documents be subsequently cured, the Master Xxxxxx’s rights to collect Rents and to exercise its rights, powers and authority under the Leases shall be reinstated.

Appears in 2 contracts

Samples: Master Tenant Security Agreement, Master Tenant Security Agreement

RIDER TO MASTER TENANT SECURITY AGREEMENT. A. Notwithstanding any provision in the Supplemental Master Tenant Security Agreement (the “Agreement”) to the contrary, upon the occurrence of an Event of Default under the Loan Documents, provided that (i) Master Tenant is not in violation of any of the Master Tenant Documents Regulatory AgreementDocuments or this Agreement, for so long as (i); (ii) Master Tenant’s master lease payments continue to be made to the satisfaction of Lender; , (iii) Master Tenant is not in violation of any provision of the Master Lease; , and (iviiiv) there is no Material Risk of Termination, the Lender, on behalf of itself, and its successors and assigns, agrees that (x) it will not exercise any remedies available to it under Section 10 9 of the Supplemental Master Tenant Security Agreement against Master Tenant or the Collateral, and (y) Master Tenant shall retain its rights under the first sentence of assignment of leases and rents referenced in Section 2(c) 2(c)1 of the Master Tenant Security Agreement to collect Rents and exercise its rights, powers and authority under the Leases. Should an Event of Default under the Loan Documents or Master Lease Documents be subsequently cured, the Master Xxxxxx’s rights to collect Rents and to exercise its rights, powers and authority under the Leases shall be reinstated.

Appears in 1 contract

Samples: Master Tenant Security Agreement

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RIDER TO MASTER TENANT SECURITY AGREEMENT. A. Notwithstanding any provision in the Supplemental Master Tenant Security Agreement (the “Agreement”) to the contrary, upon the occurrence of an Event of Default under the Loan Documents, provided that (i) Master Tenant is not in violation of the any Master Tenant Regulatory Agreement Documents or this Agreement, for so long as (ii) Master Tenant’s master lease payments continue to be made to the satisfaction of Lender,; (iii) Master Tenant is not in violation of any provision of the Master Lease; ;, and (ivivii) there is no Material Risk of Termination, the Lender, on behalf of itself, and its successors and assigns, agrees that (x) it will not exercise any remedies available to it under Section 10 of the Supplemental Master Tenant Security Agreement against Master Tenant or the Collateral, and (y) Master Tenant shall retain its rights under the first sentence of Section 2(c) of the Master Tenant Security Agreement to collect Rents and exercise its rights, powers and authority under the Leases. Should an Event of Default under the Loan Documents or Master Lease Documents be subsequently cured, the Master Xxxxxx’s rights to collect Rents and to exercise its rights, powers and authority under the Leases shall be reinstated.

Appears in 1 contract

Samples: Supplemental Master Tenant Security Agreement

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