Common use of Rights of Mortgagee Clause in Contracts

Rights of Mortgagee. In the event of any act or omission of Landlord which would give Tenant the right to cancel or terminate this Lease, or to claim a total or partial eviction, Tenant shall not exercise such right (a) until it has given written notice of such act or omission to the holder of each mortgage and ground lease whose name and address shall have been furnished previously to Tenant in writing, and (b) until a reasonable period for remedying such act or omission shall have elapsed following the giving of such notice, which reasonable period shall not be less than the period to which Landlord would be entitled under this Lease.

Rights of Mortgagee. In the event of any act or omission of Landlord which would give Tenant the right to cancel or otherwise terminate this Lease, or to claim a partial or total or partial eviction, Tenant shall not exercise such right right: (a1) until Until it has given written notice of such act or omission to the holder of each such mortgage and or ground lease whose name and address shall previously have been furnished previously to Tenant in writing, ; and (b2) until Until a reasonable period for remedying such act or omission shall have elapsed following the giving of such notice, notice (which reasonable period shall not in no event be less than the period to which Landlord would be entitled under this LeaseLease or otherwise, after similar notice, to effect such remedy).