Common use of Master Leases Clause in Contracts

Master Leases. (a) The Borrower shall not enter into any amendment, modification, consent or waiver of any term of the Master Leases, in a manner that is (as reasonably determined by the Borrower on the date of effectiveness of such amendment, modification, consent or waiver) materially adverse to the Lenders (in their capacities as such); provided that the Borrower shall not enter into or permit any amendment, modification, consent or waiver of the Initial Master Lease with respect to any provision of the Initial Master Lease that has the effect of shortening the initial term of the Initial Master Lease to a date earlier than the tenth (10th) anniversary of the Closing Date (it being understood that any removal of a property from the Initial Master Lease in accordance with its terms shall not, by itself, constitute a shortening of the term of the Initial Master Lease). (b) Cause the number of Income Properties whichthat are Mortgaged Real Properties that are subject to a Master LeaseLeases to be less than 6 at any time.

Master Leases. (a) The Borrower shall not enter into any amendment, modification, consent or waiver of any term of the Master Leases, in a manner that is (as reasonably determined by the Borrower on the date of effectiveness of such amendment, modification, consent or waiver) materially adverse to the Lenders (in their capacities as such); provided that the Borrower shall not enter into or permit any amendment, modification, consent or waiver of the Initial Master Lease with respect to any provision of the Initial Master Lease that has the effect of shortening the initial term of the Initial Master Lease to a date earlier than the tenth (10th) anniversary of the Closing Date (it being understood that any removal of a property from the Initial Master Lease in accordance with its terms shall not, by itself, constitute a shortening of the term of the Initial Master Lease). (b) Cause the number of Income Properties whichthat that are Mortgaged Real Properties that are subject to a Master LeaseLeases Leases to be less than 6 at any time.

Master Leases. (a) The Borrower shall not enter into any amendment, modification, consent or waiver of any term of the Master Leases, in a manner that is (as reasonably determined by the Borrower on the date of effectiveness of such amendment, modification, consent or waiver) materially adverse to the Lenders (in their capacities as such); provided that the Borrower shall not enter into or permit any amendment, modification, consent or waiver of the Initial Master Lease with respect to any provision of the Initial Master Lease that has the effect of shortening the initial term of the Initial Master Lease to a date earlier than the tenth (10th) anniversary of the Closing Date (it being understood that any removal of a property from the Initial Master Lease in accordance with its terms shall not, by itself, constitute a shortening of the term of the Initial Master Lease). (b) Cause the number of Income Properties whichthat which are Mortgaged Real Properties that are subject to a Master LeaseLeases Lease to be less than 6 at any time.