Separate Lease Properties Sample Clauses
The 'Separate Lease Properties' clause defines how multiple properties covered under a single lease agreement are treated as distinct entities for the purposes of the lease. In practice, this means that the rights, obligations, and remedies related to one property do not automatically apply to the others; for example, a default or issue affecting one leased property does not impact the status of the remaining properties under the same lease. This clause is essential for isolating risk and ensuring that problems with one property do not jeopardize the entire lease arrangement, thereby providing clarity and protection for both landlord and tenant.
Separate Lease Properties. If more than one Leasehold Mortgagee shall request a Separate Lease pursuant to Section 22.7(a) as to the same Leased Property(ies), Lessor shall enter into such Separate Lease with the Leasehold Mortgagee whose mortgage is prior in lien, or with the designee of the Leasehold Mortgagee. Lessor, without liability to Tenant or any Leasehold Mortgagee with an adverse claim, may rely upon a mortgagee title insurance policy or policies issued by a responsible title insurance company as the basis for determining the appropriate Leasehold Mortgagee who is entitled to such Separate Lease.
Separate Lease Properties. If more than one Leasehold ------------------------- Mortgagee shall request a Separate Lease pursuant to Section 22.7(a) as to the --------------- same Leased Property(ies), Lessor shall enter into such Separate Lease with the Leasehold Mortgagee whose mortgage is prior in lien, or with the designee of the Leasehold Mortgagee. Lessor, without liability to Tenant or any Leasehold Mortgagee with an adverse claim, may rely upon a mortgagee title insurance policy or policies issued by a responsible title insurance company as the basis for determining the appropriate Leasehold Mortgagee who is entitled to such Separate Lease.
Separate Lease Properties. 93 Section 22.9
Separate Lease Properties. 92 Section 22.9 Legal Proceedings ................................................ 92 Section 22.10