Future Leases. Deliver to Agent, concurrently with the execution by Borrower, as lessee, of any lease pertaining to real property, (i) an executed copy thereof, (ii) at the option of Agent, either a leasehold mortgage upon or a collateral assignment of such lease in favor of Agent, in either case in form and substance satisfactory to Agent, and (iii) a Landlord Consent and Waiver from the lessor under such lease.
Future Leases. Deliver to Trustee, concurrently with the execution by Issuer, as lessee, of any lease pertaining to real property, either a second leasehold mortgage upon or a collateral assignment of such lease in favor of Trustee but only to the extent such leasehold mortgage or collateral assignment is first required by the Senior Creditors, and is delivered to the Senior Creditors, to secure the Senior Notes.
Future Leases. Except as otherwise set forth in the Loan Agreement, Mortgagor will not hereafter make any Lease to any tenant, or amend, modify, terminate, renew or extend any Lease (other than a renewal, extension or expansion to which a tenant is entitled under the terms of an existing Lease or contained in a Lease that is subsequently approved by Mortgagee), affecting the Security unless Mortgagee shall first consent in writing to the terms of the Lease and the form of the Lease. Except as otherwise set forth in the Loan Agreement, all Leases and subleases and any amendments, modifications, replacements, extensions, renewals or terminations thereof executed after the date hereof must be submitted to Mortgagee for prior written approval. Notwithstanding the foregoing, (i) Mortgagee’s consent to the above matters shall be required only to the extent provided for in the Loan Agreement, and (ii) whenever such consent is required, the standards and procedures for the giving (or deemed giving) or withholding of such consent shall be as set forth in the Loan Agreement. Mortgagor shall promptly deliver to Mortgagee a fully-executed copy (certified by Mortgagor to be true, complete and correct) of each approved Lease, together with a Lease estoppel certificate and subordination, non-disturbance and attornment agreement (an “SNDA”), each in form reasonably acceptable to Mortgagee. All Leases must be subordinate to the lien of this Mortgage unless Mortgagee otherwise specifies. Unless otherwise approved by Mortgagee, each Lease must contain a provision that, upon notice to tenant by Mortgagee, the Lease shall become superior, in whole or in part, to the lien of the Mortgage. Without limiting the foregoing, Mortgagee hereby reserves the right to subordinate this Mortgage to any Lease subsequently made by recording with the [INSERT RECORDING OFFICE] in which this Mortgage is recorded, a declaration to that effect, executed by Mortgagee, which declaration once so recorded shall be binding upon the tenant under such Lease and such tenant’s successors and assigns. Mortgagor will from time to time upon reasonable demand of Mortgagee, confirm in writing the assignment to Mortgagee of any or all Leases of the Land and space in the Improvements, and such written confirmation shall be in such form as Mortgagee shall reasonably require and as shall be necessary to make the same recordable. Nothing in this Mortgage shall be construed to obligate Mortgagee, expressly or by implication, to pe...
Future Leases. Neither the Company nor any Subsidiary shall become a party to any Lease after the Closing Date except for a Lease where the obligations of the lessee to make payments under such Lease cover fully the Company's or such Subsidiary's obligations to make principal, interest and other payments on the Indebtedness relating to the Facility which is the subject of such Lease, if any, including, without limitation, all interest rate adjustments or escalations, prepayment penalties and similar payments.
Future Leases. Without limiting the generality of the foregoing subsection (a), prior to entering into any new lease of Real Property or renewing any existing lease of Real Property following the Closing Date, each Borrower shall, and shall cause each Loan Party to, use its (and their) commercially reasonable efforts to deliver to the Administrative Agent a Lien Waiver, in form and substance reasonably satisfactory to the Administrative Agent, executed by the lessor of any Real Property, to the extent the value of any Collateral (other than Rolling Stock or Aircraft) of the Borrowers held or to be held at such leased property exceeds (or it is anticipated that the value of such Collateral will exceed at any point in time during the term of such leasehold term) $100,000.
Future Leases. Deliver to Lender an executed copy of any lease pertaining to real property entered into by any Obligor and such other documents as Lender may reasonably request.
Future Leases. MAC shall be free in its discretion to rent any other space or concessions on the Airport to any other person, persons, or corporations, and for any purpose that it desires, subject, however, to the provisions of Minn. Stat. § 473.651.
Future Leases. Deliver to Lender, concurrently with the execution by Borrower or any Subsidiary of Borrower, as lessee, of any Lease, an executed copy thereof and a Landlord's Consent to the assignment of such Lease pursuant to an Assignment of Leases.
Future Leases. 44 6.8 Future Acquisitions of Real Estate ................................. 44 6.9
Future Leases. The Lessor shall be free, in its discretion to rent any other space of concessions of the field to any other person, persons or corporations, and for any purpose that it is desired.
