Agency Lease definition
Examples of Agency Lease in a sentence
The Entity shall promptly forward to the Mortgagee a copy of each notice of default received or forwarded under the Agency Lease Agreement.
The Entity shall (a) perform and observe all of the material covenants and agreements required to be performed or observed by it under each Lease and perform and observe all of its covenants and agreements under the Agency Lease Agreement and (b) enforce the performance and observance of all covenants and agreements required to be performed or observed under each Lease and under the Agency Lease Agreement by the other party thereto.
The Entity or the Agency shall not terminate or cancel the Agency Lease Agreement, assign or modify or supplement the same, provided that nothing contained herein shall restrict the right of the Agency to terminate the Agency Lease Agreement or to exercise its right to reconvey its interest in the Mortgaged Property to the Entity (subject to the lien of this Mortgage) upon the occurrence of an event of default under the Agency Lease Agreement.
Nothing contained herein shall restrict the Agency from reconveying its interest in the Mortgaged Property to the Entity (subject to the lien of this Mortgage) pursuant to the provisions of the Agency Lease Agreement.
The Mortgagor shall not terminate or cancel the Agency Lease Agreement, assign or modify or supplement the same.