Common use of Submerged Land Lease Clause in Contracts

Submerged Land Lease. Without Lender’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed, Borrower shall not cause or permit Mortgage Borrower to (a) surrender, terminate or cancel the Submerged Land Lease; (b) reduce or consent to the reduction of the term of the Submerged Land Lease; (c) increase or consent to the increase of the amount of any charges under the Submerged Land Lease; (d) modify, change, supplement, alter or amend in any material respect the Submerged Land Lease or waive or release in any material respect any of Borrower’s rights and remedies under the Submerged Land Lease; or (e) grant its consent or approval as may be requested in connection with the terms and provisions of the Submerged Land Lease except as may be required thereunder.

Submerged Land Lease. Without Lender’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed, Borrower shall not cause or permit Mortgage Borrower to (a) surrender, terminate or cancel the Submerged Land Lease; (b) reduce or consent to the reduction of the term of the Submerged Land Lease; (c) increase or consent to the any increase of the amount of any charges under the Submerged Land Lease; (d) modify, change, supplement, alter or amend in any material respect the Submerged Land Lease or waive or release in any material respect any of Borrower’s rights and remedies under the Submerged Land Lease; or (e) grant its consent or approval as may be requested in connection with the terms and provisions of the Submerged Land Lease with respect to any material matter except as may be required thereunder.

Submerged Land Lease. Without Lender’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed, Borrower shall not cause or permit Mortgage Borrower to (a) surrender, terminate or cancel the Submerged Land Lease; (b) reduce or consent to the reduction of the term of the Submerged Land Lease; (c) increase or consent to the increase of the amount of any charges under the Submerged Land Lease; (d) modify, change, supplement, alter or amend in any material respect the Submerged Land Lease or waive or release in any material respect any of Borrower’s rights and remedies under the Submerged Land Lease; or (e) grant its consent or approval as may be requested in connection with the terms and provisions of the Submerged Land Lease except as may be required thereunder.

Submerged Land Lease. Without Lender’s prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed, Borrower shall not cause or permit Mortgage Borrower to (a) surrender, terminate or cancel the Submerged Land Lease; (b) reduce or consent to the reduction of the term of the Submerged Land Lease; (c) increase or consent to the any increase of the amount of any charges under the Submerged Land Lease; (d) modify, change, supplement, alter or amend in any material respect the Submerged Land Lease or waive or release in any material respect any of Mortgage Borrower’s rights and remedies under the Submerged Land Lease; or (e) grant its consent or approval as may be requested in connection with the terms and provisions of the Submerged Land Lease with respect to any material matter except as may be required thereunder.