Additional Mortgagee Protective Clauses Sample Clauses

Additional Mortgagee Protective Clauses. In addition to the other rights, notices and cure periods afforded to Mortgagees, the Agency further agrees that: (a) without the prior written consent of each Mortgagee, the Agency will neither agree to any modification or amendment of this Agreement which would have an adverse effect on such holder, nor accept a surrender or cancellation of this Agreement; (b) the Agency shall consider in good faith any modification to this Agreement or the Subordination, Non-Disturbance and Attornment Agreement requested by a Mortgagee as a condition or term of granting financing to Lessee, provided that the same does not materially increase the Agency’s obligations or diminish the Agency’s rights and immunities hereunder (and is otherwise consistent with the Act); (c) at the request of the Lessee from time to time, the Agency shall execute and deliver an instrument addressed to the holder of any Mortgage confirming that such holder is a Mortgagee or Mezzanine Lender and entitled to the benefit of all provisions contained in the Agreement which are expressly stated to be for the benefit of Mortgagees.