Affecting Tenant Sample Clauses
The "Affecting Tenant" clause defines circumstances or actions that have a direct impact on the tenant's rights, obligations, or use of the leased premises. Typically, this clause outlines specific events, such as landlord maintenance, construction, or regulatory changes, that may temporarily disrupt or alter the tenant's ability to fully utilize the property. Its core function is to clarify when and how the tenant may be affected by external factors, thereby allocating responsibility and setting expectations for both parties in situations that could interfere with normal tenancy.
Affecting Tenant. If Lessee (as debtor in possession) or a trustee in bankruptcy for Lessee rejects this Lease in any Bankruptcy Proceeding affecting Lessee, then such rejection shall be deemed ▇▇▇▇▇▇’s assignment of its interest in this Lease and the leasehold estate created by this Lease to a new tenant to be designated in writing by the Leasehold Mortgagee holding the most senior Leasehold Mortgage, in the nature of an assignment in lieu of foreclosure, subject to all security instruments. Upon such deemed assignment, this Lease shall not terminate. Each Leasehold Mortgagee shall continue to have all the rights of a Leasehold Mortgagee as if the Bankruptcy Proceeding had not occurred, unless such Leasehold Mortgagee shall disapprove such deemed assignment by written notice delivered to Lessor within thirty (30) days after such lender receives written notice of the rejection of this Lease in any Bankruptcy Proceeding. If any court of competent jurisdiction shall determine that this Lease shall have been terminated notwithstanding the deemed assignment provided for in place of rejection of this Lease, then each Leasehold Mortgagee shall continue to be entitled to a new lease as provided in this Lease.
Affecting Tenant. If Tenant (as debtor in possession) or a trustee in bankruptcy for Tenant rejects this Lease in connection with any proceeding involving Tenant under the United States Bankruptcy Code or any similar state or federal statute for the relief of debtors (a "Bankruptcy Proceeding"), then Landlord agrees for the benefit of each and every Leasehold Mortgagee that such rejection shall be deemed Tenant's assignment of the Lease and the Leasehold Estate to Tenant's Leasehold Mortgagee(s), in the nature of an assignment in lieu of foreclosure. Upon such deemed assignment, this Lease shall not terminate and each Leasehold Mortgagee shall continue to have all the rights of a Leasehold Mortgagee under this Lease as if the Bankruptcy Proceeding had not occurred, unless such Leasehold Mortgagee shall reject such deemed assignment by Notice to Landlord within thirty (30) days after receiving Notice of the