Common use of Entry and Possession Clause in Contracts

Entry and Possession. Upon entry and taking possession of the Property by a Mortgagee, for the purpose of foreclosure or otherwise, such Mortgagee shall have all the rights of Landlord, and shall be liable to perform all the obligations of Landlord arising during the period of such possession, provided, however, that upon the return of possession to Landlord by such Mortgagee, such rights and obligations of Mortgagee shall cease until a subsequent entry.

Appears in 3 contracts

Samples: Agreement of Lease (Investment Technology Group Inc), Agreement of Lease (Investment Technology Group Inc), Investment Technology Group Inc

AutoNDA by SimpleDocs

Entry and Possession. Upon entry and taking possession of the Property by a Mortgagee, for the purpose of foreclosure or otherwise, such Mortgagee shall have all the rights of Landlord, and shall be liable to perform all the obligations of Landlord arising and accruing during the period of such possession, provided, however, that upon the return of possession to Landlord by such Mortgagee, such rights and obligations of Mortgagee shall cease until a subsequent entry.

Appears in 2 contracts

Samples: Agreement of Lease (Fluidigm Corp), Entire Agreement (International Integration Inc)

Entry and Possession. Upon entry and taking possession of the -------------------- Property by a Mortgagee, for the purpose of foreclosure or otherwise, such Mortgagee shall have all the rights of Landlord, landlord and shall be liable to perform all the obligations of Landlord arising and accruing during the period of such possession, provided, however, that upon the return of possession to Landlord by such Mortgagee, such rights and obligations of Mortgagee shall cease until a subsequent entry.

Appears in 1 contract

Samples: Lease (Mainspring Communications Inc)

Entry and Possession. Upon entry and taking possession of the Property -------------------- by a Mortgagee, for the purpose of foreclosure or otherwise, such Mortgagee shall have all the rights of Landlord, and shall be liable to perform all the obligations of Landlord arising and accruing during the period of such possession, provided, however, that upon the return of possession to Landlord by such Mortgagee, such rights and obligations of Mortgagee shall cease until a subsequent entry.

Appears in 1 contract

Samples: Entire Agreement (Focal Communications Corp)

AutoNDA by SimpleDocs

Entry and Possession. Upon entry and taking possession of the Property by a Mortgagee, for the purpose of foreclosure or otherwise, such Mortgagee shall have all the rights of Landlord, and shall be liable to perform all the obligations of Landlord arising during the period of such possession, provided, however, provided however that upon the return of possession to Landlord by such Mortgagee, such rights and obligations of Mortgagee shall cease until a subsequent entry.

Appears in 1 contract

Samples: Lease (Viryanet LTD)

Time is Money Join Law Insider Premium to draft better contracts faster.