Common use of Leasehold Mortgagee Transfer a Permitted Sale Clause in Contracts

Leasehold Mortgagee Transfer a Permitted Sale. Notwithstanding --------------------------------------------- any other provisions of this Lease, any sale of this Lease and of the Leasehold Estate hereby created in any proceedings for the foreclosure of any Leasehold Mortgage, or the assignment or transfer of this Lease and of the Leasehold Estate hereby created in lieu of the foreclosure of any Leasehold Mortgage shall be deemed to be a permitted sale, transfer or assignment of this Lease and of the Leasehold Estate hereby created.

Appears in 2 contracts

Samples: Lease Agreement (Kilroy Realty Corp), Lease Agreement (Kilroy Realty Corp)

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Leasehold Mortgagee Transfer a Permitted Sale. Notwithstanding --------------------------------------------- any other provisions of this Lease, any sale of this Lease and of the Leasehold Estate hereby created in any proceedings for the foreclosure of any Leasehold Mortgage, or the assignment or transfer of this Lease and of the Leasehold Estate hereby created create in lieu of the foreclosure of any Leasehold Mortgage shall be deemed to be a permitted sale, transfer or assignment of this Lease and of the Leasehold Estate hereby created.

Appears in 1 contract

Samples: Lease Agreement (Kilroy Realty Corp)

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Leasehold Mortgagee Transfer a Permitted Sale. Notwithstanding --------------------------------------------- any other provisions of this Lease, any sale of this Lease and of the Leasehold Estate hereby created in any proceedings for the foreclosure of any Leasehold Mortgage, or the assignment or transfer of this Lease and of the Leasehold Estate hereby created in lieu of the foreclosure of any Leasehold Mortgage shall be deemed to be a permitted sale, transfer or assignment of this Lease and of the Leasehold Estate hereby created.

Appears in 1 contract

Samples: Lease Agreement (Kilroy Realty Corp)

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