CONDITIONS TO ENCUMBRANCE Sample Clauses

CONDITIONS TO ENCUMBRANCE. Tenant shall have the right, without Landlord’s consent, to encumber its interest in this Lease under a Trust Deed for the benefit of a Lender subject to the following: The Trust Deed and all rights acquired under it will be subject to the provisions of this Lease and Landlord’s rights and interests under the Lease. In no event shall Landlord agree to subordinate the Lease for any purposes, including any encumbrances by Tenant pursuant to this Article 21. Tenant shall promptly deliver to Landlord a complete copy of the Trust Deed, secured note and all other instruments evidencing the secured indebtedness, together with the holder’s name and address. The Lease shall control over any conflict with the provisions of the Trust Deed. Immediately after the recording of the Trust Deed, Tenant, at Tenant’s expense, shall cause to be recorded in the Office of the Recorder of Orange County, California, a written request executed and acknowledged by Landlord for a copy of any notice of default and of any notice of sale under the Trust Deed.
Sample 1
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CONDITIONS TO ENCUMBRANCE. Notwithstanding the provisions of Article 11 above, if requested by Tenant in writing, Landlord shall execute its written consent to an assignment or hypothecation of this Lease under a Trust Deed for the benefit of a Lender upon and subject to the following covenants and conditions:
Sample 1

Related to CONDITIONS TO ENCUMBRANCE

  • Conditions to Loan Section 3.1 Conditions to Funding of the Loan on the Closing Date......................................... 33

  • Conditions to Xxxxx’x Obligations The obligations of Xxxxx hereunder with respect to a Placement will be subject to the continuing accuracy and completeness of the representations and warranties made by the Company herein, to the due performance by the Company of its obligations hereunder, to the completion by Xxxxx of a due diligence review satisfactory to Xxxxx in its reasonable judgment, and to the continuing satisfaction (or waiver by Xxxxx in its sole discretion) of the following additional conditions:

  • CONDITIONS TO MERGER Section 7.01 Conditions to Each Party's Obligation To Effect the Merger. The respective obligations of each party to this Agreement to effect the Merger shall be subject to the satisfaction prior to the Closing Date of the following conditions:

  • Conditions to MLV’s Obligations The obligations of MLV hereunder with respect to a Placement will be subject to the continuing accuracy and completeness of the representations and warranties made by the Company herein, to the due performance by the Company of its obligations hereunder, to the completion by MLV of a due diligence review satisfactory to it in its reasonable judgment, and to the continuing satisfaction (or waiver by MLV in its sole discretion) of the following additional conditions:

  • Conditions to Obligations OF EACH PARTY TO EFFECT THE MERGER. The respective obligations of each party to this Agreement to effect the Merger shall be subject to the satisfaction at or prior to the Closing Date of the following conditions:

  • CONDITIONS TO LOANS The obligations of Lenders to make Loans are subject to satisfaction of all of the applicable conditions set forth below.

  • Conditions to Obligation of Seller The obligation of Seller to consummate the transactions to be performed by it in connection with the Closing is subject to satisfaction of the following conditions:

  • Conditions for Advance and Conditions to Closing Section 7.1

  • Conditions to Obligation of Sellers The obligation of Sellers to consummate the transactions to be performed by them in connection with the Closing is subject to satisfaction of the following conditions:

  • Seller’s Conditions The obligations of Seller at the Closing are subject, at the option of Seller, to the satisfaction or waiver at or prior to the Closing of the following conditions precedent:

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