Common use of Acknowledgment by Landlord Clause in Contracts

Acknowledgment by Landlord. In the event of a default under the Mortgage, at the election of Lender, Tenant shall and is directed to pay all rent and all other sums due under the Lease to Lender.

Acknowledgment by Landlord. In Landlord hereby acknowledges that, in the event of a default under the Mortgage, at the election of Lender, Tenant shall and is may be directed by Lender to pay all rent and all other sums due under the Lease to Lender, in which case Tenant’s compliance therewith shall constitute performance for purposes of the Lease.

Acknowledgment by Landlord. In the event of a default under the MortgageSecurity Instrument, at the election of Lender, Tenant shall and is directed to pay all rent and all other sums due under the Lease to Lender.