Examples of Facility Mortgage in a sentence
Landlord will use commercially reasonable efforts to include a covenant by each Facility Mortgagee in the applicable Facility Mortgage to execute, at Tenant’s request, a commercially reasonable acknowledgment of any Permitted Leasehold Mortgagee’s rights under Article XVII.
For purposes of the foregoing, any proposed implementation of new financial covenants shall be deemed to diminish Tenant’s rights under this Lease in a material respect (it being understood that Landlord may agree to such financial covenants in any Facility Mortgage Documents and such financial covenants will not impose obligations on Tenant).
Without the consent of Tenant, Landlord may from time to time, directly or indirectly, create or otherwise cause to exist any Facility Mortgage upon the Leased Property or any portion thereof or interest therein.
At Tenant’s request, Lxxxxxxx will execute (and use commercially reasonable efforts to cause any Facility Mortgagee to execute) a commercially reasonable acknowledgment of such Permitted Leasehold Mortgagee’s rights under this Article XVII and Landlord will use commercially reasonable efforts to include a covenant by each Facility Mortgagee in the applicable Facility Mortgage to execute such an acknowledgement.
If any new Facility Mortgage Documents to be executed by Landlord or any Affiliate of Landlord would impose on Tenant any obligations under this Section 31.3(a), Landlord shall provide copies thereof that contain such obligations to Tenant for informational purposes upon Tenxxx’x written request.