Common use of Foreclosures Clause in Contracts

Foreclosures. If any mortgage is foreclosed, then: (i) This Lease shall continue; (ii) Tenant's quiet possession shall not be disturbed if Tenant is not in Default; (iii) Tenant will attorn to and recognize the mortgagee or purchaser at foreclosure sale (Successor Landlord) as Tenant's landlord for the remaining Term; and (iv) The Successor Landlord shall not be bound by: (1) any payment of Base Rent or Additional Rent for more than one month in advance, except the Security Deposit and free rent, if any, specified in the Lease, (2) any amendment, modification, or ending of this Lease without Successor Landlord's consent after the Successor Landlord's name is given to Tenant unless the amendment, modification, or ending is specifically authorized by the original Lease and does not require Landlord's prior agreement or consent, and (3) any liability for any act or omission of a prior Landlord.

Appears in 2 contracts

Sources: Office Lease Agreement (Total Sports Inc), Office Lease Agreement (Engage Technologies Inc)

Foreclosures. If any mortgage is foreclosed, then: (i) This Lease shall continue; (ii) Tenant's ’s quiet possession shall not be disturbed if Tenant is not in Default; (iii) Tenant will attorn to and recognize the mortgagee or purchaser at foreclosure sale (Successor Landlord) as Tenant's ’s landlord for the remaining Term; and (iv) The Successor Landlord shall not be bound by: (1) any payment of Base Rent or Additional Rent for more than one month in advance, except the Security Deposit and free rent, if any, specified in the Lease, (2) any amendment, modification, or ending of this Lease without Successor Landlord's ’s consent after the Successor Landlord's ’s name is given to Tenant unless the amendment, modification, or ending is specifically authorized by the original Lease and does not require Landlord's ’s prior agreement or consent, and (3) any liability for any act or omission of a prior Landlord.

Appears in 1 contract

Sources: Lease (North State Bancorp)

Foreclosures. If any mortgage is foreclosed, then: (i) This Lease shall continue; (ii) Tenant's ’s quiet possession shall not be disturbed if Tenant is not in Default; (iii) Tenant will attorn attom to and recognize the mortgagee or purchaser at foreclosure sale (Successor Landlord) as Tenant's ’s landlord for the remaining Term; and (iv) The Successor Landlord shall not be bound by: (1a) any payment of Base Rent or Additional Rent for more than one month in advance, except the Security Deposit and free rent, if any, specified in the Lease, (2b) any amendment, modification, or ending of this Lease without Successor Landlord's ▇▇▇▇▇▇▇▇’s consent after the Successor Landlord's ’s name is given to Tenant unless the amendment, modification, or ending is specifically authorized by the original Lease and does not require Landlord's ’s prior agreement or consent, and (3c) any liability for any act or omission of a prior Landlord.

Appears in 1 contract

Sources: Commercial Lease (HealthLynked Corp)

Foreclosures. If any mortgage is foreclosed, then: (i) This Lease shall continue; (ii) Tenant's quiet possession shall not be disturbed if Tenant is not in Default; (iii) Tenant will attorn to and recognize the mortgagee or purchaser at foreclosure sale (Successor Landlord) as Tenant's landlord for the remaining Term; and (iv) The Successor Landlord shall not be bound by: (1) any payment of Base Rent or Additional Rent for more than one month in advance, except the Security Deposit and free rent, if any, specified in the Lease, (2) any amendment, modification, or ending of this Lease without Successor Landlord's consent after the Successor Landlord's name is given to Tenant unless the amendment, modification, or ending is specifically authorized by the original Lease and does not require Landlord's prior agreement or consent, and and (3) any liability for any act or omission of a prior Landlord.

Appears in 1 contract

Sources: Office Lease (United Therapeutics Corp)

Foreclosures. If any mortgage is foreclosed, then: (i) This Lease shall continue; (ii) Tenant's ’s quiet possession shall not be disturbed if Tenant is not in Default; (iii) Tenant will attorn to and recognize the mortgagee or purchaser at foreclosure sale (Successor Landlord) as Tenant's ▇▇▇▇▇▇’s landlord for the remaining Term; and (iv) The Successor Landlord shall not be bound by: (1a) any payment of Base Rent or Additional Rent for more than one month in advance, except the Security Deposit and free rent, if any, specified in the Lease,. (2b) any amendment, modification, or ending of this Lease without Successor Landlord's ▇▇▇▇▇▇▇▇’s consent after the Successor Landlord's ’s name is given to Tenant unless the amendment, modification, or ending is specifically authorized by the original Lease and does not require Landlord's ’s prior agreement or consent, and (3c) any liability for any act or omission of a prior Landlord.

Appears in 1 contract

Sources: Commercial Lease (HealthLynked Corp)

Foreclosures. If any mortgage or deed of trust is foreclosed, then: (ia) This Lease shall continue; (iib) TenantLessee's quiet possession shall not be disturbed if Tenant Lessee is not in Default; (iiic) Tenant Lessee will attorn to and recognize the mortgagee or purchaser at foreclosure sale ("Successor LandlordLessor") as TenantLessee's landlord for the remaining Term; and (ivd) The Successor Landlord Lessor shall not be bound by: (1i) any payment of Base Rent or Additional Rent additional rent for more than one month in advance, except the Security Deposit and free rent, if any, specified in the Lease,; (2ii) any amendment, modification, or ending of this Lease without Successor LandlordLessor's consent after the Successor LandlordLessor's name is given to Tenant Lessee unless the amendment, modification, or ending is specifically authorized by the original Lease and does not require LandlordLessor's prior agreement or consent, ; and (3iii) any liability for any act or omission of a prior Landlordlessor.

Appears in 1 contract

Sources: Standard Office Lease (Loudeye Technologies Inc)

Foreclosures. If any mortgage is foreclosed, then: (i) This Lease shall continue; (ii) Tenant's quiet possession shall not be disturbed if Tenant is not in Default; (iii) Tenant will attorn to and recognize the mortgagee or purchaser at foreclosure sale (Successor Landlord) as Tenant's landlord for the remaining Term; and (iv) The Successor Landlord shall not be bound by: (1) any payment of Base Gross Rent or Additional Rent for more than one month in advance, except the Security Deposit and free rent, if any, specified in the Lease, (2) any amendment, modification, or ending of this Lease without Successor Landlord's consent after the Successor Landlord's name is given to Tenant unless the amendment, modification, or ending is specifically authorized by the original Lease and does not require Landlord's prior agreement or consent, and (3) any liability for any act or omission of a prior Landlord.

Appears in 1 contract

Sources: Office Lease Agreement (Inflow Inc)