Common use of Termination of Ground Lease or Foreclosure of Mortgage Clause in Contracts

Termination of Ground Lease or Foreclosure of Mortgage. If any ------------------------------------------------------- ground lease is terminated or mortgage foreclosed or deed in lieu of foreclosure given and the ground lessor, mortgagee, or purchaser at a foreclosure sale shall thereby become the owner of the Project, Tenant shall attorn to such ground lessor or mortgagee or purchaser without any deduction or setoff by Tenant, and this Lease shall continue in effect as a direct lease between Tenant and such ground lessor, mortgagee or purchaser. The ground lessor or mortgagee or purchaser shall be liable as Landlord only with respect to matters arising during the time such ground lessor or mortgagee or purchaser is the owner of the Project. At the request of Landlord, ground lessor or mortgagee, Tenant shall execute and deliver within ten (10) days of the request any document furnished by the requesting party to evidence Tenant's agreement to attorn.

Appears in 1 contract

Samples: Lease (Watchguard Technologies Inc)

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Termination of Ground Lease or Foreclosure of Mortgage. If any ------------------------------------------------------- ground lease is terminated or mortgage foreclosed or deed in lieu of foreclosure given and the ground lessor, mortgagee, or purchaser at a foreclosure sale shall thereby become the owner of the Project, and provided that Tenant is not then in default hereunder, such new owner shall recognize Tenant’s rights under this Lease and Tenant shall attorn to such ground lessor or mortgagee or purchaser without any deduction or setoff by Tenant, and this Lease shall continue in effect as a direct lease between Tenant and such ground lessor, mortgagee mortgagee, or purchaser. The ground lessor or mortgagee or purchaser shall be liable as Landlord only with respect to matters arising during the time such ground lessor or mortgagee or purchaser is the owner of the Project. At the request of Landlord, ground lessor lessor, or mortgagee, Tenant shall execute and deliver deliver, within ten (10) business days of the request request, any document furnished by the requesting party to evidence Tenant's ’s agreement to attorn.

Appears in 1 contract

Samples: Lease Agreement (Cra International, Inc.)

Termination of Ground Lease or Foreclosure of Mortgage. If any ------------------------------------------------------- ground lease is terminated or mortgage foreclosed or deed in lieu of foreclosure given and the ground lessor, mortgagee, or purchaser at a foreclosure sale shall thereby become the owner of the Project, Tenant shall attorn to such ground lessor or mortgagee or purchaser upon Tenant's receipt of written request therefrom without any deduction or setoff by Tenant, and this Lease shall continue in effect as a direct lease between Tenant and such ground lessor, mortgagee or purchaser. The ground lessor or mortgagee or purchaser shall be liable as Landlord only with respect to matters arising during the time such ground lessor or mortgagee or purchaser is the owner of the Project. At the request of Landlord, ground lessor or mortgagee, Tenant shall execute and deliver within ten (10) days of the request any document furnished by the requesting party to evidence Tenant's agreement to attorn.

Appears in 1 contract

Samples: Lease (Navisite Inc)

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Termination of Ground Lease or Foreclosure of Mortgage. If any ------------------------------------------------------- ground lease is terminated or mortgage foreclosed or deed in lieu of foreclosure given and the ground lessor, mortgagee, or purchaser at a foreclosure sale shall thereby become the owner of the Project, Tenant shall attorn to such ground lessor or mortgagee or purchaser, such ground lessor or mortgagee or purchaser without any deduction or setoff by shall recognize Tenant’s rights under this Lease, and this Lease shall continue in effect as a direct lease between Tenant and such ground lessor, mortgagee or purchaser. The ground lessor or mortgagee or purchaser shall be liable as Landlord only with respect to matters arising during the time such ground lessor or mortgagee or purchaser is the owner of the Project. At the request of Landlord, ground lessor or mortgagee, Tenant shall execute and deliver within ten twenty (1020) days of the request any document furnished by the requesting party to evidence Tenant's ’s agreement to attorn, provided that any such document recognizes Tenant’s rights hereunder.

Appears in 1 contract

Samples: Lease Agreement (United Stationers Inc)

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