Common use of Cancellation or Termination Clause in Contracts

Cancellation or Termination. If the Ground Lease is cancelled or terminated, Lender or its nominee shall acquire an interest in any new lease of the Leasehold Estate by Borrower.

Appears in 1 contract

Samples: Loan Agreement (Macquarie Infrastructure CO LLC)

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Cancellation or Termination. If the Ground any Parking Lease is cancelled or terminated, Lender or its nominee shall acquire an interest in any new lease of the Leasehold Estate by Borrower.

Appears in 1 contract

Samples: Loan Agreement (Macquarie Infrastructure CO LLC)

Cancellation or Termination. If the Ground Lease is cancelled or terminated, Lender or its nominee shall acquire an interest in any new lease of the Leasehold Estate by Borrowersubject to and in accordance with the terms of the Ground Lease.

Appears in 1 contract

Samples: Loan Agreement (CNL Hotels & Resorts, Inc.)

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Cancellation or Termination. If the Ground Lease is cancelled or terminated, Lender or its nominee shall acquire an interest in any new lease of the Leasehold Estate by BorrowerEstate.

Appears in 1 contract

Samples: Fee and Leasehold Mortgage and Security Agreement (Konover Property Trust Inc)

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