Common use of Tenant’s Securitization Rights; Estoppel Clause in Contracts

Tenant’s Securitization Rights; Estoppel. The Parties acknowledge and agree that Section 6 (b) of the Lease is hereby deleted in its entirety and is of no further force and effect. From and after the Effective Date the obligations of the Parties with respect to Tenant’s securitization rights shall be controlled by this Section of this Amendment. Landlord hereby consents to the granting by Tenant of one or more leasehold mortgages, collateral assignments, liens, and/or other security interests (collectively, a “Security Interest”) in Tenant's interest in the Lease, as amended, and all of Tenant’s property and fixtures attached to and lying within the Leased Premises and further consents to the exercise by Tenant's mortgagee (“Tenant’s Mortgagee”) of its rights to exercise its remedies, including without limitation foreclosure, with respect to any such Security Interest. Landlord shall recognize the holder of any such Security Interest of which Landlord is given prior written notice (any such holder, a “Holder”) as “Tenant” hereunder in the event a Holder succeeds to the interest of Tenant hereunder by the exercise of such remedies. Landlord further agrees to execute a written estoppel certificate within thirty (30) days of written request of the same by Tenant or Holder.

Tenant’s Securitization Rights; Estoppel. The Parties acknowledge and agree that Section 6 (b) 17 of the Lease is hereby deleted in its entirety and is of no further force and effect. From and after the Effective Date the obligations of the Parties with respect to TenantXxxxxx’s securitization rights shall be controlled by this Section of this Amendment. Landlord hereby consents to the granting by Tenant of one or more leasehold mortgages, collateral assignments, liens, and/or other security interests (collectively, a “Security Interest”) in Tenant's interest in the Lease, as amended, and all of Tenant’s property and fixtures attached to and lying within the Leased Premises and further consents to the exercise by TenantXxxxxx's mortgagee (“Tenant’s Mortgagee”) of its rights to exercise its remedies, including without limitation foreclosure, with respect to any such Security Interest. Landlord shall recognize the holder of any such Security Interest of which Landlord is given prior written notice (any such holder, a “Holder”) as “Tenant” hereunder in the event a Holder succeeds to the interest of Tenant hereunder by the exercise of such remedies. Landlord Xxxxxxxx further agrees to execute a written estoppel certificate within thirty (30) days of written request of the same by Tenant Xxxxxx or HolderXxxxxx.

Tenant’s Securitization Rights; Estoppel. The Parties acknowledge and agree that Section 6 (b24(g) of the Lease is hereby deleted in its entirety and is of no further force and effect. From and after the Effective Date the obligations of the Parties with respect to TenantXxxxxx’s securitization rights shall be controlled by this Section of this Amendment. Landlord hereby consents to the granting by Tenant of one or more leasehold mortgages, collateral assignments, liens, and/or other security interests (collectively, a “Security Interest”) in Tenant's interest in the Lease, as amended, and all of Tenant’s property and fixtures attached to and lying within the Leased Premises and further consents to the exercise by TenantXxxxxx's mortgagee (“Tenant’s Mortgagee”) of its rights to exercise its remedies, including without limitation foreclosure, with respect to any such Security Interest. Landlord shall recognize the holder of any such Security Interest of which Landlord Xxxxxxxx is given prior written notice (any such holder, a “Holder”) as “Tenant” hereunder in the event a Holder succeeds to the interest of Tenant hereunder by the exercise of such remedies. Landlord Xxxxxxxx further agrees to execute a written estoppel certificate within thirty (30) days of written request of the same by Tenant Xxxxxx or HolderXxxxxx.

Tenant’s Securitization Rights; Estoppel. The Parties acknowledge and agree that Section 6 (b) 15 of the Lease First Amendment is hereby deleted in its entirety and is of no further force and effect. From and after the Effective Date the obligations of the Parties with respect to Tenant’s securitization rights shall be controlled by this Section of this Amendment. Landlord hereby consents to the granting by Tenant of one or more leasehold mortgages, collateral assignments, liens, and/or other security interests (collectively, a “Security Interest”) in Tenant's interest in the this Lease, as amended, and all of Tenant’s property and fixtures attached to and lying within the Leased Premises and further consents to the exercise by Tenant's mortgagee (“Tenant’s Mortgagee”) of its rights to exercise its remedies, including without limitation foreclosure, with respect to any such Security Interest. Landlord shall recognize the holder of any such Security Interest of which Landlord is given prior written notice (any such holder, a “Holder”) as “Tenant” hereunder in the event a Holder succeeds to the interest of Tenant hereunder by the exercise of such remedies. Landlord further agrees to execute a written estoppel certificate within thirty (30) days of written request of the same by Tenant or Holder.

Tenant’s Securitization Rights; Estoppel. The Parties acknowledge and agree that Section 6 (b) of the Lease is hereby deleted in its entirety and is of no further force and effect. From and after the Effective Date the obligations of the Parties with respect to TenantXxxxxx’s securitization rights shall be controlled by this Section of this Amendment. Landlord hereby consents to the granting by Tenant of one or more leasehold mortgages, collateral assignments, liens, and/or other security interests (collectively, a “Security Interest”) in Tenant's interest in the Lease, as amended, and all of Tenant’s property and fixtures attached to and lying within the Leased Premises and further consents to the exercise by TenantXxxxxx's mortgagee (“Tenant’s Mortgagee”) of its rights to exercise its remedies, including without limitation foreclosure, with respect to any such Security Interest. Landlord shall recognize the holder of any such Security Interest of which Landlord is given prior written notice (any such holder, a “Holder”) as “Tenant” hereunder in the event a Holder succeeds to the interest of Tenant hereunder by the exercise of such remedies. Landlord Xxxxxxxx further agrees to execute a written estoppel certificate within thirty (30) days of written request of the same by Tenant Xxxxxx or HolderXxxxxx.

Tenant’s Securitization Rights; Estoppel. The Parties acknowledge and agree that Section 6 (b) of the Lease is hereby deleted in its entirety and is of no further force and effect. From and after the Effective Date the obligations of the Parties with respect to Tenant’s securitization rights shall be controlled by this Section of this Amendment. Landlord hereby consents to the granting by Tenant of one or more leasehold mortgages, collateral assignments, liens, and/or other security interests (collectively, a “Security Interest”) in Tenant's interest in the this Lease, as amended, and all of Tenant’s property and fixtures attached to and lying within the Leased Premises and further consents to the exercise by Tenant's mortgagee (“Tenant’s Mortgagee”) of its rights to exercise its remedies, including without limitation foreclosure, with respect to any such Security Interest. Landlord shall recognize the holder of any such Security Interest of which Landlord is given prior written notice (any such holder, a “Holder”) as “Tenant” hereunder in the event a Holder succeeds to the interest of Tenant hereunder by the exercise of such remedies. Landlord further agrees to execute a written estoppel certificate within thirty (30) days of written request of the same by Tenant or Holder.