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

Tenant’s Right to Encumber. Tenant may, at any time, encumber all or any portion of its interest in this Lease and the leasehold estate of Tenant in the Premises by a Leasehold Mortgage (as hereafter defined) provided that each Leasehold Mortgage complies with the terms and provisions of this Article 6. Each Leasehold Mortgage shall be a lien or mortgage on Tenant's interest in and to this Lease and the leasehold estate created hereby, but shall not be a lien on the fee interest of the Premises, Landlord's leasehold interest in the Premises, or any reversionary interest in the improvements located thereon. The Leasehold Mortgagee (as hereafter defined) shall not acquire by virtue a Leasehold Mortgage any greater rights to the Premises than Tenant has under this Lease. Landlord shall have no obligation under or to any such Leasehold Mortgagee.

Tenant’s Right to Encumber. Tenant may, at any time, encumber all or any portion of its interest in this Lease Secondary Sublease and the leasehold estate of Tenant in the Premises by a Leasehold Mortgage (as hereafter defined) provided that each Leasehold Mortgage complies with the terms and provisions of this Article 6. Each Leasehold Mortgage shall be a lien or mortgage on Tenant's interest in and to this Lease Secondary Sublease and the leasehold estate created hereby, but shall not be a lien on the fee interest of the Premises, Landlord's leasehold interest in the Premises, or any reversionary interest in the improvements located thereon. The Leasehold Mortgagee (as hereafter defined) shall not acquire by virtue a Leasehold Mortgage any greater rights to the Premises than Tenant has under this LeaseSecondary Sublease. Landlord shall have no obligation under or to any such Leasehold Mortgagee.