Common use of Tenant’s Ability to Grant Liens on Tenant Property Clause in Contracts

Tenant’s Ability to Grant Liens on Tenant Property. Nothing contained in this Lease shall be deemed to limit or otherwise restrict Tenant’s ability to xxxxx x Xxxx on Tenant’s interest in the Leased Property under this Lease or on Tenant Property, in any such case to a lender for the purpose of securing indebtedness of Tenant or its Affiliates to such lender. Landlord acknowledges and agrees, following a default by Tenant under any Tenant mortgage, to allow Tenant’s lender access to the Leased Property to seize and remove all or any of the Tenant Property and Landlord agrees to execute an SNDA with Tenant’s lender to evidence such right as provided in Section 13.1.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (CorEnergy Infrastructure Trust, Inc.), Connection and Access Agreement (CorEnergy Infrastructure Trust, Inc.)

AutoNDA by SimpleDocs

Tenant’s Ability to Grant Liens on Tenant Property. Nothing contained in this Lease shall be deemed to limit or otherwise restrict Tenant’s ability to xxxxx x Xxxx on Tenant’s interest in the Leased Property under this Lease or on Tenant Property, in any such case to a lender for the purpose of securing indebtedness of Tenant or its Affiliates to such lender. Landlord acknowledges and agrees, following a default by Tenant under any Tenant mortgage, to allow Tenant’s lender access to the Leased Property to seize and remove all or any of the Tenant Property and Landlord agrees to execute an SNDA with Tenant’s lender to evidence such right as provided in Section 13.113.1 .

Appears in 1 contract

Samples: Connection and Access Agreement (Energy XXI LTD)

AutoNDA by SimpleDocs

Tenant’s Ability to Grant Liens on Tenant Property. Nothing contained in this Lease shall be deemed to limit or otherwise restrict Tenant’s ability to xxxxx gxxxx x Xxxx on Tenant’s interest in the Leased Property under this Lease or on Tenant Property, in any such case to a lender for the purpose of securing indebtedness of Tenant or its Affiliates to such lender. Landlord acknowledges and agrees, following a default by Tenant under any Tenant mortgage, to allow Tenant’s lender access to the Leased Property to seize and remove all or any of the Tenant Property and Landlord agrees to execute an SNDA with Tenant’s lender to evidence such right as provided in Section 13.1.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Energy XXI LTD)

Time is Money Join Law Insider Premium to draft better contracts faster.