Fee Mortgage. Landlord shall not have any right to execute, deliver or record a Fee Mortgage during the Term of this Lease. Landlord represents and warrants that no Fee Mortgage exists as of the Commencement Date.
Fee Mortgage. Landlord shall have the right at any time during the Term to subject its interest in the Premises, the Building, the Complex and/or this Lease to any one or more mortgages on Landlord’s interest therein (“Fee Mortgage”) and to renew, modify, consolidate, replace, extend and/or refinance any such Fee Mortgage. Landlord shall be entitled to all of the proceeds from any such Fee Mortgage at any time effected pursuant hereto.
Fee Mortgage. Landlord shall comply with the terms and provisions of each Fee Mortgage and any Regulatory Agreement for Multifamily Housing Projects with HUD to which Landlord is a party.
Fee Mortgage. Fee Mortgage" shall mean any Mortgage at any time given by Landlord and remaining uncancelled on the Official Records, encumbering all or any portion of Landlord's right, title and estate in the Land or in this Lease.
Fee Mortgage. Landlord represents and warrants to Tenant that there are no existing mortgages or deeds of trust encumbering the Land as of the date hereof, and there will be no such mortgages or deeds of trust existing as of the Possession Date.
Fee Mortgage. Landlord may mortgage its interest in the demised premises provided such mortgage expressly provides that the rights and interest of the mortgagee thereunder are subject and subordinate to the rights and interest of Tenant hereunder and any Leasehold Mortgagee under any Leasehold Mortgage then or thereafter existing. Notwithstanding the foregoing, upon written request by Landlord, Tenant shall execute and deliver an agreement in form satisfactory to Tenant subordinating this Lease to any first mortgage encumbering the fee interest in the demised premises; provided, however, such subordination shall be upon the express condition that the validity of this Lease shall be recognized by such mortgagee and that, notwithstanding any default by Landlord with respect to the mortgage, or any foreclosure or termination thereof, Tenant's possession of the demised premises and its rights under this Lease shall not be disturbed by such mortgagee unless and until the occurrence of an event of default and the expiration of the cure period, if any, with respect thereto, and this Lease and Tenant's right to possession hereunder shall have been terminated in accordance with the provisions of this Lease. Provided the holder of a properly recorded first mortgage shall have notified Tenant, in writing, that it is the holder of such lien on the demised premises and shall so request, Tenant shall provide such holder with a duplicate copy of any notice sent to Landlord covering a default of Landlord hereunder and such holder shall be granted sixty (60) days after receipt thereof to correct or remedy such default (provided however, that such holder shall provide written notice
Fee Mortgage. Landlord shall have the right at any time during the Lease Term, without the consent of Tenant, to subject its fee interest in the Demised Premises, or any part thereof, but not any property of Tenant, to any one or more mortgages, deeds of trust, deeds to secure debt or similar security instrument (as it may be renewed, modified, consolidated, replaced, or extended a "Fee Mortgage"). The owner or holder of any Fee Mortgage as to which Tenant has received written notice shall be referred to as the "Fee Mortgagee". This Lease (including, without limitation, Tenant's leasehold estate and other rights hereunder) shall not be subject or subordinate to any Fee Mortgage except pursuant to the terms of a Subordination, Non-Disturbance and Attornment Agreement (an “SNDA”) to be entered into between Landlord, Tenant and the holder of the Fee Mortgage and in a form acceptable to all parties. The form of SNDA attached to this Lease as Exhibit D is acceptable to Landlord and Tenant.
Fee Mortgage. The lien of any mortgage now or hereafter placed upon the fee title to the Premises (a “Fee Mortgage”) shall be subject and subordinate to this Lease and to any amendments of this Lease; provided, however, that so long as any Fee Mortgage shall constitute a lien on the fee title to the Premises no amendment hereafter made to this Lease (i) to reduce the amount of rent payable by Tenant hereunder or (ii) to increase Landlord’s obligations in any way shall be binding upon the holder of any Fee Mortgage and any such holder shall be entitled to enforce this Lease in accordance with its terms prior to such amendment.
Fee Mortgage. Unless Mortgagee otherwise consents, the acquisition of any fee title or other interest in the Leased Land or the Improvements by Mortgagor, whether pursuant to an option in a Lease or otherwise, shall not result in a merger of the leasehold estate with such fee title or other interest. If Mortgagor acquires any such fee title or other interest, such fee title or other interest shall be subject to the terms of this Mortgage.
