Common use of Rights and Obligations of the Mortgagee Clause in Contracts

Rights and Obligations of the Mortgagee. 3.3.1 Except as set out in this agreement, the Mortgage is subject and subordinate to the Lease and to the Lessor’s and the Locatee’s rights under the Lease. 3.3.2 The Mortgagee will ensure that the Mortgage does not conflict with the Lease or, by the Lessee complying with the Mortgage, cause the Lessee to default on the Lease. 3.3.3 The Mortgagee will have all the rights and obligations of a Mortgagee set out in section 10.2 of the Lease as terms of this agreement between the Parties. 3.3.4 The Lessor will provide the Mortgagee with a copy of a default notice provided by the Lessor to the Lessee under the Lease and the Mortgagee may cure the default within the period specified in the notice on behalf of the Lessee. 3.3.5 The Lessor will provide the Mortgagee with a copy of a termination notice provided by the Lessor to the Lessee under the Lease.

Rights and Obligations of the Mortgagee. 3.3.1 1.3.1 Except as set out in this agreement, the Mortgage is subject and subordinate to the Lease and to the Lessor’s and the LocateeFirst Nation’s rights under the Lease. 3.3.2 1.3.2 The Mortgagee will ensure that the Mortgage does not conflict with the Lease or, by the Lessee complying with the Mortgage, cause the Lessee to default on the Lease. 3.3.3 1.3.3 The Mortgagee will have all the rights and obligations of a Mortgagee set out in section 10.2 of the Lease as terms of this agreement between the Parties. 3.3.4 1.3.4 The Lessor will provide the Mortgagee with a copy of a default notice provided by the Lessor to the Lessee under the Lease and the Mortgagee may cure the default within the period specified in the notice on behalf of the Lessee. 3.3.5 1.3.5 The Lessor will provide the Mortgagee with a copy of a termination notice provided by the Lessor to the Lessee under the Lease.

Rights and Obligations of the Mortgagee. 3.3.1 1.3.1 Except as set out in this agreement, the Mortgage is subject and subordinate to the Lease and to the Lessor’s and the LocateeFirst Nation’s rights under the Lease. 3.3.2 1.3.2 The Mortgagee will ensure that the Mortgage does not conflict with the Lease or, by the Lessee complying with the Mortgage, cause the Lessee to default on the Lease. 3.3.3 1.3.3 The Mortgagee will have all the rights and obligations of a Mortgagee set out in section 10.2 9.2 of the Lease as terms of this agreement between the Parties. 3.3.4 1.3.4 The Lessor will provide the Mortgagee with a copy of a default notice provided by the Lessor to the Lessee under the Lease and the Mortgagee may cure the default within the period specified in the notice on behalf of the Lessee. 3.3.5 1.3.5 The Lessor will provide the Mortgagee with a copy of a termination notice provided by the Lessor to the Lessee under the Lease. 1.3.6 The Mortgagee will promptly file a discharge in the Registry when the Lease is no longer subject to the Mortgage.

Rights and Obligations of the Mortgagee. 3.3.1 1.3.1 Except as set out in this agreement, the Mortgage is subject and subordinate to the Lease and to the Lessor’s and the Locatee’s rights under the Lease. 3.3.2 1.3.2 The Mortgagee will ensure that the Mortgage does not conflict with the Lease or, by the Lessee complying with the Mortgage, cause the Lessee to default on the Lease. 3.3.3 1.3.3 The Mortgagee will have all the rights and obligations of a Mortgagee set out in section 10.2 9.2 of the Lease as terms of this agreement between the Parties. 3.3.4 1.3.4 The Lessor will provide the Mortgagee with a copy of a default notice provided by the Lessor to the Lessee under the Lease and the Mortgagee may cure the default within the period specified in the notice on behalf of the Lessee. 3.3.5 1.3.5 The Lessor will provide the Mortgagee with a copy of a termination notice provided by the Lessor to the Lessee under the Lease. 1.3.6 The Mortgagee will promptly file a discharge in the Registry when the Lease is no longer subject to the Mortgage.