Examples of Facility Mortgagee in a sentence
In the event of a foreclosure of any Facility Mortgage or conveyance in lieu of foreclosure of any Facility Mortgage, the applicable Facility Mortgagee shall recognize the rights of Tenant under this Lease so long as no Event of Default shall have occurred under this Lease, and the foregoing obligation shall be self-operative.
Upon Landxxxx’x request, Tenaxx xxxees to provide any such prospective Facility Mortgagee the information to which Landlord is entitled hereunder, provided that, if any such information constitutes Confidential Information, the provisions of Section 16 hereof shall be applicable thereto.
Notwithstanding anything in this Lease to the contrary, any Facility Mortgagee may retain and disburse the Property Loss Insurance Proceeds, and Tenant shall comply with the reasonable requests and requirements of such Facility Mortgagee in connection with the Work and the disbursement of Property Loss Insurance Proceeds provided the same are commercially reasonable and do not diminish Tenant’s entitlement to such proceeds.
Tenant’s and such Cooperating Persons’ cooperation shall include agreeing to be bound by and comply with such terms as are requested by the Facility Mortgagee or its servicer (including, without limitation, modifications of this Lease), provided that the terms do not increase Tenant’s obligations, or decrease Tenant’s rights, under this Lease except to a de minimis extent.