Common use of Rights of Mortgagee Clause in Contracts

Rights of Mortgagee. Notwithstanding anything in this Article 5 to the contrary, if a Mortgagee (provided such Mortgagee is an Institutional Lender) requires Tenant to deposit funds to ensure payment of such Impositions, any amount so deposited by Tenant with such Mortgagee will be credited against the amount, if any, which Tenant would otherwise be required to deposit under this Article 5.

Appears in 3 contracts

Samples: Deed of Lease, Deed of Lease, www.fairfaxcounty.gov

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Rights of Mortgagee. Notwithstanding anything in this Article 5 to the contrary, if in the event that a Mortgagee (provided such Mortgagee is be an Institutional Lender) requires shall require Tenant to deposit funds to ensure payment of such Impositions, any amount so deposited by Tenant with such Mortgagee will shall be credited against the amount, if any, which Tenant would otherwise be required to deposit under this Article 5.5.‌

Appears in 2 contracts

Samples: www.fairfaxcounty.gov, Comprehensive Agreement

Rights of Mortgagee. Notwithstanding anything in this Article 5 to the contrary, if a Mortgagee (provided such Mortgagee is an Institutional Lender) requires Tenant to deposit funds to ensure payment of such Impositions, any amount so deposited by Tenant with such Mortgagee will be credited against the amount, if any, which Tenant would otherwise be required to deposit under this Article 5.5.‌

Appears in 1 contract

Samples: Comprehensive Agreement

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Rights of Mortgagee. Notwithstanding anything in this Article 5 to the contrary, if in the event that a Mortgagee (provided such Mortgagee is be an Institutional Lender) requires shall require Tenant to deposit funds to ensure payment of such Impositions, any amount so deposited by Tenant with such Mortgagee will shall be credited against the amount, if any, which Tenant would otherwise be required to deposit under this Article 5.

Appears in 1 contract

Samples: www.fairfaxcounty.gov

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