Lessee Financing. Lessor acknowledges and agrees that, notwithstanding ---------------- anything to the contrary contained in this Agreement: interest of Lessee in and to this Agreement, including, without limitation, the right to occupy the Premises pursuant to the terms hereof, to Lessee's lender or lenders and any successors and assigns or any refinancing or replacement lender (hereinafter collectively called "Lenders") in connection with certain debt ------- financing to Lessee or to any of its affiliates or successors as security for such debt financing.
Lessee Financing. Lessor hereby waives any contractual, statutory or other Lessor’s lien on Lessee’s property or on the Lessee’s interest created by this Lease. In no event shall Lessee grant or assign any mortgage or other security interest in Lessee’s interest in this Lease.
Lessee Financing. Lessee warrants and represents that Lessee shall secure sufficient financial resources to pay for the construction and completion of the Facilities. Prior to Commencement of Construction, Lessee shall provide to Lessor a letter from its primary lender regarding the financing of the cost of construction of the Facilities. Lessee understands and acknowledges that Lessor's agreement to execute this Lease has been in reliance upon the representation made in this Section 12.03.
Lessee Financing. No later than April 23, 2011, Lessee shall provide to the Parks Finance Director, for his/her review and approval (which approval shall not be unreasonably withheld, conditioned or delayed), reasonable evidence that it has funding committed to complete all Building alterations necessary to obtain a certificate of occupancy (“Funding”). If Lessee fails to provide reasonable evidence it has secured adequate Funding by this date, the City may terminate this Lease upon thirty (30) days written notice to Lessee and the parties shall have no further rights or obligations under this Lease. Notwithstanding the foregoing, in the event that Lessee obtains such Funding within the thirty (30) day period, this Lease shall continue in full force and effect. The City shall be deemed to have approved the Funding unless it rejects the Funding in writing within thirty (30) days of Lessee’s request for approval.
Lessee Financing. Lessor acknowledges and agrees that, notwithstanding ---------------- anything to the contrary contained in this Agreement:
Lessee Financing. Lessee shall have the absolute right from time to ---------------- time during the term hereof (or any extension hereof) and without Lessor's further approval, written or otherwise, to grant and assign a mortgage or other security interest in Lessee's property to Lessee's lenders in connection with any Lessee financing arrangements. Lessor agrees to execute such confirmation, certificates and other documents (except amendments to this Lease unless Lessor hereafter consents) as Lessee's lenders may reasonably request in connection with any such financing.
Lessee Financing. LESSEE shall have the right, at any time and from time to time, in addition to any other rights herein granted and without any requirement to obtain LESSOR’s consent, to encumber any or all of the improvements and LESSEE’s leasehold interest hereunder. LESSOR acknowledges that so long as any leasehold mortgage shall remain unsatisfied of record or until written notice of satisfaction is given by the leasehold lender to LESSOR, the following provisions shall apply in respect of such leasehold lender notwithstanding any other provisions of this Lease to the contrary:
Lessee Financing. Lessee shall have the right at any time and from time-to-time during the Term hereof and during any Extended Term to mortgage, encumber, or hypothecate the leasehold estate of Lessee created hereby and all right, title and interest of Lessee therein. In the event that Lessee, pursuant to a mortgage, deed of trust, or other instrument, mortgages or otherwise encumbers, conveys, or transfers an interest in the leasehold estate of Lessee created hereby, the mortgagee or other secured party or pledgee (the "Mortgagee") shall in no event become liable to perform the obligations of the Lessee under this Agreement unless and until said Mortgagee becomes the owner of the leasehold estate pursuant to foreclosure, assignment in lieu of foreclosure, or otherwise; and thereafter, said Mortgagee shall remain liable for such obligations only so long as such Mortgagee remains the owner of the leasehold estate. Any purchase money, mortgage or deed of trust delivered in connection with any assignment of this Agreement by such a leasehold Mortgagee shall be entitled to the benefit of all of the provisions of this Agreement with respect to a leasehold mortgage. If any Mortgagee requests any changes in this Agreement as a condition to funding any loan to Lessee, Board agrees to cooperate in amending this Agreement so long as the changes
Lessee Financing. Lessor acknowledges that Lessee shall have the right from time to time during the Lease Term and without Lessor's further approval, written or otherwise, to grant a security interest in Lessee's personal property and equipment (including the Personalty) to Lessee's institutional lenders in connection with Lessee's financing arrangements. In connection with any such financing, Lessor agrees to execute such confirmations, subordinations and other documents (except amendments to this Lease unless Lessor hereafter consents) as Lessee's lenders may reasonably request and in form and substance acceptable to Lessor.
Lessee Financing
