No Mortgage of Fee. While the Permitted Leasehold Mortgage is outstanding, Landlord shall not mortgage or encumber the fee.”
No Mortgage of Fee. University may not under any circumstance engage in any financing or other transaction creating any mortgage, lien or other encumbrance on City’s fee interest in the Property. City’s fee interest in the Property shall not be subordinated under any circumstance whatsoever to any Mortgage (as defined in the Ground Lease) allowed under the Ground Lease.
No Mortgage of Fee. Tenant may not under any circumstance engage in any financing or other transaction creating any mortgage, lien or other encumbrance on the County’s fee interest, or Landlord’s leasehold interest, in the Site, the Improvements or any other physical portion of the Project, except as set forth in the A&R Lease.
