Common use of Leasehold Financing Clause in Contracts

Leasehold Financing. In order to facilitate and permit the Lessee the opportunity to obtain a Leasehold Mortgage from a Leasehold Mortgagee (both terms as hereinafter defined), the Lessor and Lessee hereby make the following additional agreements for the benefit of such Leasehold Mortgagee. To the extent the provisions of this paragraph 18 are inconsistent with other provisions of this Lease, the provisions of this paragraph 18 shall control for the term of any Leasehold Mortgage.

Appears in 2 contracts

Sources: Lease Agreement, Lease Agreement

Leasehold Financing. In order to facilitate and permit the Lessee the opportunity to obtain a Leasehold Mortgage from a Leasehold Mortgagee (both terms as hereinafter defined), the Lessor and Lessee hereby make the following additional agreements for the benefit of such Leasehold Mortgagee. To the extent the provisions of this paragraph Section 18 are inconsistent with other provisions of this Lease, the provisions of this paragraph Section 18 shall control for the term of any Leasehold Mortgage.

Appears in 1 contract

Sources: Lease Agreement