Common use of Bankruptcy Provisions Clause in Contracts

Bankruptcy Provisions. (a) So long as a Leasehold Mortgage shall remain outstanding, the right of election arising under Section 365 (h)(1) of the Bankruptcy Code shall be exercised by the Lender and not by the Tenant. Any exercise or attempted exercise by the Tenant of such right of election in violation of the preceding sentence shall be void.

Bankruptcy Provisions. (a) So long as a the Leasehold Mortgage shall remain outstanding, the right of election arising under Section 365 (h)(1365(h)(1) of the Bankruptcy Code Code, 11 U.S.C. §101 et seq. (the "Bankruptcy Code") shall be exercised by the Lender Leasehold Mortgagee and not by the TenantVTUSA. Any exercise or attempted exercise by the Tenant VTUSA of such right of election in violation of the preceding sentence shall be void.