Common use of Rights of Leasehold Mortgagee Clause in Contracts

Rights of Leasehold Mortgagee. A Leasehold Mortgagee may enforce its rights under its Leasehold Mortgage and acquire title to the leasehold estate of Tenant in the Premises in any lawful manner but subject to the applicable provisions of this Lease. On foreclosure under the Leasehold Mortgage, a Leasehold Mortgagee may take possession of the Premises; subject, however, to the terms of this Lease, any lease between Tenant, as Landlord, and any Tenant in the Building and any Leasehold Mortgage that is senior in lien to the Leasehold Mortgage being foreclosed.

Rights of Leasehold Mortgagee. A Leasehold Mortgagee may enforce its rights under its Leasehold Mortgage and acquire title to the leasehold estate of Tenant in the Premises in any lawful manner but subject to the applicable provisions of this LeaseSecondary Sublease. On foreclosure under the Leasehold Mortgage, a Leasehold Mortgagee may take possession of the Premises; subject, however, to the terms of this LeaseSecondary Sublease, any lease between Tenant, as Landlord, and any Tenant in the Building and any Leasehold Mortgage that is senior in lien to the Leasehold Mortgage being foreclosed.