Rights of Ground Leasehold Mortgages. The District agrees that it shall execute such agreements and certificates with the holder or prospective holder of any mortgage or similar lien instrument (a "Mortgagee") encumbering the Tenant's interests in the Project Site (a "Ground Leasehold Mortgage") as the Tenant or such Mortgagee may from time to time reasonably require. As a condition precedent to the District's obligations under this Section 11.4, the Tenant must notify the District in writing of any Mortgagee that holds a Ground Leasehold Mortgage, and such notice shall include the name of the Mortgagee and its address for the purpose of all communications required to be given to such Mortgagee under this Section 11.4. Provided the District is so notified, the District agrees with the Tenant and with the specific intent to expressly benefit any such Mortgagee, as follows:
Appears in 1 contract
Rights of Ground Leasehold Mortgages. The District agrees that it shall execute such agreements and certificates with the holder or prospective holder of any mortgage or similar lien instrument (a "Mortgagee"“Mortgage”) encumbering the Tenant's ’s interests in the Project Site (a "“Ground Leasehold Mortgage"”) as the Tenant or such Mortgagee may from time to time reasonably require. As a condition precedent to the District's ’s obligations under this Section 11.4, the Tenant must notify the District in writing of any Mortgagee that holds a Ground Leasehold Mortgage, and such notice shall include the name of the Mortgagee and its address for the purpose of all communications required to be given to such Mortgagee under this Section 11.4. Provided the District is so notified, the District agrees with the Tenant and with the specific intent to expressly benefit any such Mortgagee, as follows:
Appears in 1 contract
Samples: Ground Lease Agreement (Pinnacle Entertainment Inc)
Rights of Ground Leasehold Mortgages. The District agrees that it shall execute such agreements and certificates with the holder or prospective holder of any mortgage or similar lien instrument (a "“Mortgagee"”) encumbering the Tenant's ’s interests in the Project Site (a "“Ground Leasehold Mortgage"”) as the Tenant or such Mortgagee may from time to time reasonably require. As a condition precedent to the District's ’s obligations under this Section 11.4, the Tenant must notify the District in writing of any Mortgagee that holds a Ground Leasehold Mortgage, and such notice shall include the name of the Mortgagee and its address for the purpose of all communications required to be given to such Mortgagee under this Section 11.4. Provided the District is so notified, the District agrees with the Tenant and with the specific intent to expressly benefit any such Mortgagee, as follows:
Appears in 1 contract
Rights of Ground Leasehold Mortgages. The District agrees that it shall execute such agreements and certificates with the holder or prospective holder of any mortgage or similar lien instrument (a "Mortgagee"“Mortgage”) encumbering the Tenant's ’s interests in the Project Site (a "“Ground Leasehold Mortgage"”) as the Tenant or such Mortgagee may from time to time reasonably require. As a condition precedent to the District's ’s obligations under this Section 11.4, the Tenant must notify the District in writing of any Mortgagee that holds a Ground Leasehold Mortgage, and such notice shall include the name of the Mortgagee and its address for the purpose of all communications required to be given to such Mortgagee under this Section 11.4. Provided the District is so notified, the District agrees with the Tenant and with the specific intent to expressly benefit any such Mortgagee, as follows:all
Appears in 1 contract
Samples: Ground Lease Agreement (Pinnacle Entertainment Inc)