Common use of Future Leases Clause in Contracts

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. Deliver to Trustee, concurrently with the execution by Issuer, as lessee, of any lease pertaining to real property, either a second third 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.