Common use of Description of Exception Clause in Contracts

Description of Exception. 5 Tan-Tar-A Resort The related Ground Lease is silent as to whether the lessor is required to give the Mortgagee notice of a default under such Ground Lease and whether notice of default is deemed effective against the Mortgagee unless a copy has been delivered to the Mortgagee.

Description of Exception. 5 Tan-Tar-A Resort The related Ground Lease is silent as to whether the lessor is required to give the Mortgagee notice of a default under such Ground Lease may be amended or modified without the consent of the Mortgagee and whether notice any amendment or modification is binding without the consent of default is deemed effective against the Mortgagee unless a copy has been delivered to the Mortgagee.

Description of Exception. 5 Tan-Tar-A Resort The related Ground Lease is silent as to whether the lessor Mortgagee is required permitted a reasonable opportunity to give the Mortgagee notice of a cure any default under such Ground Lease before the related lessor may terminate the related Ground Lease and whether notice the rights of default is deemed effective against the Mortgagee unless a copy has been delivered to related Mortgagor under such Ground Lease may be exercised by the Mortgagee.