Common use of Mortgagee Approval Clause in Contracts

Mortgagee Approval. If any mortgagee shall have the right of approval of this Lease and such mortgagee shall, subsequent to the execution hereof by all parties hereto, require a change or changes in this Lease as a condition of its approval thereof and if within thirty (30) days after notice from Landlord, Tenant fails or refuses to execute the amendment(s) to this Lease accomplishing the change or changes which are stated by Landlord as being needed in connection with the approval of this Lease by the mortgagee, Landlord shall have the right to cancel this Lease. It is understood and agreed that any such change or changes required by such mortgagee shall not affect or alter: (1) the Fixed Basic Rent; or (2) the size of the Premises. Landlord represents and warrants to Tenant that no consent or approval is required from any third party for the execution by Landlord of this Lease.

Mortgagee Approval. If any mortgagee shall have the right of approval of this Lease and such mortgagee shall, subsequent to the execution hereof by all parties hereto, require a change or changes in this Lease as a condition of its approval thereof and if within thirty (30) days after notice from Landlord, Tenant fails or refuses to execute the amendment(s) to this Lease accomplishing the change or changes which are stated by Landlord as being needed in connection with the approval of this Lease by the mortgagee, Landlord shall have the right to cancel this Lease. It is understood and agreed that any such change or changes required by such mortgagee shall not materially affect or alter: : (1) the Fixed Basic Minimum Rent; or (2) the size of the Premises. Landlord represents and warrants ; or (3) any Tenant Work agreed to Tenant that no consent or approval is required from any third party for be performed in the execution Premises by Landlord of this LeaseLandlord.

Mortgagee Approval. If any mortgagee shall have the right of approval of this Lease and such mortgagee shall, subsequent to the execution hereof by all parties hereto, require a change or changes in this Lease as a condition of its approval thereof and if within thirty (30) days after notice from Landlord, Tenant fails or refuses to execute the amendment(s) to this Lease accomplishing the change or changes which are stated by Landlord as being needed in connection with the approval of this Lease by the mortgagee, Landlord shall have the right to cancel this Lease. It is understood and agreed that any such change or changes required by such mortgagee shall not materially affect or alter: (1) the Fixed Basic Minimum Rent; or (2) the size of the Premises. Landlord represents and warrants ; or (3) any Tenant Work agreed to Tenant that no consent or approval is required from any third party for be performed in the execution Premises by Landlord of this LeaseLandlord.

Mortgagee Approval. If any mortgagee shall have the right of approval of this Lease and such mortgagee shall, subsequent to the execution hereof by all parties hereto, require a change or changes in this Lease as a condition of its approval thereof and if within thirty (30) days after notice from Landlord, Tenant fails or refuses to execute the amendment(s) to this Lease accomplishing the change or changes which are stated by Landlord as being needed in connection with the approval of this Lease by the mortgagee, Landlord shall have the right to cancel this Lease. It is understood and agreed that any such change or changes required by such mortgagee shall not materially affect or alter: (1) the Fixed Basic Rent; or (2) the size of the Premises. ; or (3) any Landlord represents and warrants Work agreed to Tenant that no consent or approval is required from any third party for be performed in the execution Premises by Landlord of this LeaseLandlord.

Mortgagee Approval. If any mortgagee shall have the right of approval of this Lease and such mortgagee shall, subsequent to the execution hereof by all parties hereto, require a change or changes in this Lease as a condition of its approval thereof and if within thirty (30) days after notice from Landlord, Tenant fails or refuses to execute the amendment(s) to this Lease accomplishing the change or changes which are stated by Landlord as being needed in connection with the approval of this Lease by the mortgagee, Landlord shall have the right to cancel this Lease. It is understood and agreed that any such change or changes required by such mortgagee shall not materially affect or alter: (1) the Fixed Basic Rent; or (2) the size of the Premises. Landlord represents and warrants ; or (3) any Premises Work agreed to Tenant that no consent or approval is required from any third party for be performed in the execution Premises by Landlord of this LeaseLandlord.