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 interest thereunder may be encumbered by the related Mortgage or if consent of the lessor is required to so encumber the Ground Lease. In addition, the related Ground Lease has not been recorded.

Description of Exception. 5 Tan-Tar-A Resort The related Ground Lease is silent as to whether the interest thereunder may be encumbered by lessor is required to enter into a new lease with the Mortgagee upon the termination of such Ground Lease. 18 The Towers of Dadeland The related Mortgage or if consent of Ground Lease is silent as to whether the lessor is required to so encumber enter into a new lease with the Mortgagee upon the rejection of the Ground Lease. In addition, the related Ground Lease has not been recordedin a bankruptcy proceeding.