Common use of Tenant’s Right to Encumber Leasehold Estate Clause in Contracts

Tenant’s Right to Encumber Leasehold Estate. No Right to Encumber County’s Fee Interest. Provided that an Event of Default has not occurred and is continuing, Tenant may, at any time during the Term of this Lease (after providing prior written notice to County, no later than 30 days prior to the encumbrance, along with evidence that all requirements of this Lease have been complied with), encumber all or any portion of Tenant’s Leasehold Estate with one (1) or more Leasehold Mortgages (and to amend, modify, and supplement any such encumbrance, including encumbrances refinancing the same); provided, however:

Appears in 4 contracts

Samples: Ground Lease, Ground Lease, Ground Lease

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