Additional Encumbrance Holder Assurances Sample Clauses

Additional Encumbrance Holder Assurances. In order to facilitate any financing or refinancing by Lessee which involves the hypothecation of Xxxxxx's leasehold estate and rights hereunder, Lessor, if requested so to do by Xxxxxx, agrees to join in executing any instruments which legal counsel for any Encumbrance Holder which is or may become a Encumbrance Holder and the holder of a lien that is an Encumbrance upon the leasehold estate of Lessee may reasonably require in order: (i) to grant to the Encumbrance Holder or prospective Encumbrance Holder the right to act for Lessee in enforcing or exercising any of Lessee's rights, options or remedies under this Lease; (ii) to amend the provisions of this Lease which relate to the application of Xxxxxx's portion of any insurance proceeds or condemnation award as may reasonably be requested by any Mortgagee; and (iii) to otherwise amend or supplement this Lease, provided that in no event shall Lessor be required to incur any personal liability for the repayment of any obligations secured by any such hypothecation of the leasehold estate of Lessee nor to subordinate the Lessor's rights and reversionary interests in and to the Premises to any such hypothecation nor shall any such amendment or supplement to this Lease adversely affect Lessor's rental, Lessee's payment of taxes, assessments, insurance and/or Lessee's payment or performance of other obligations under this Lease or otherwise diminish or reduce Xxxxxx's rights under this Lease (including without limitation, Lessor's rights under this Article) except in a manner which is not material.
Sample 1
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Related to Additional Encumbrance Holder Assurances

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