Mortgage of Lease Sample Clauses

Mortgage of Lease. The restrictions on Transfer as aforesaid shall apply, mutatis mutandis, to any assigning, subletting, mortgaging, charging or otherwise transferring of the Premises or this Lease for the purpose of securing any loan or the repayment thereof by Tenant.
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Mortgage of Lease. The Tenant shall not assign, sublet, mortgage, charge or otherwise transfer the Leased Premises or this Lease for the purpose of securing any loan or the repayment thereof by the Tenant or any other obligation of the Tenant.
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Mortgage of Lease. TENANT is given and has the absolute right, without LANDLORD'S consent, to mortgage its interest in this lease, except that no such mortgage shall extend to or affect the fee, the reversionary interest, or the estate of LANDLORD in and to any land or building and improvements, other than the Tenant Improvements, now or hereafter erected on the leased property. Any leasehold mortgagee, including TENANT'S initial leasehold mortgagee, MassDevelopment shall have the benefit of the leasehold mortgagee protection provisions attached hereto as Exhibit E. Within ten (10) days of the request of any leasehold mortgagee, LANDLORD shall deliver in recordable form a certification to such leasehold mortgagee certifying that this Lease is in full force and effect and that there are no defenses or offsets thereto, or stating those claimed by LANDLORD.
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Mortgage of Lease. The Tenant must not create any security over this Lease or the Tenant's Property.
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Mortgage of Lease. Notwithstanding the first clause in this Part, the Tenant may mortgage the Lease only with the prior consent of the Landlord which will not be unreasonably withheld or refused if before the Tenant grants the mortgage of the Lease:
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Mortgage of Lease. The Tenant must not create any security over this Lease or the Tenant's Property. 25 Clause 22.8 provides how Council can exercise this consent right. 26 As above.
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Mortgage of Lease. The Tenant shall be entitled upon receiving the Landlord's written consent, which consent will not be unreasonably withheld, to mortgage, pledge or hypothecate this Lease as security for any loan by the Tenant which is specifically taken out and used for the Tenant's Improvements to the Leased Premises during this Lease provided that the amount secured by such mortgage does not exceed seventy-five percent (75%) of the then current value of the Tenant's Improvements on the Leased Premises supplied by the Tenant and the lender is a chartered bank, trust company, life insurance company or other financial institution authorized to do such business in Canada and that within ten (10) days after the execution of such mortgage, pledge or hypothecation agreement, a true and complete copy thereof shall be served on the Landlord.
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Mortgage of Lease. LESSEE is given and has the right, without LESSOR's consent, to mortgage its interest in this lease to the MDFA (the "Leasehold Mortgagee"), except that no such leasehold mortgage shall extend to or affect the fee interest, the reversionary interest, or the estate of LESSOR in and to any land, building or improvements, now or hereafter located or erected on the property of which the leased premises are a part. The Leasehold Mortgagee shall have the benefit of the leasehold mortgagee protection provisions attached hereto as Exhibit G for so long as the ETF Loan remains outstanding. Upon satisfaction of the ETF Loan, Exhibit G shall be of no further force or effect. Within fifteen (15) days of receipt of the request of the Leasehold Mortgagee, LESSOR shall deliver in recordable form a certification to Leasehold Mortgagee certifying that this lease is in full force and effect and that there are no defenses or offsets thereto, or stating those defenses or offsets claimed by LESSOR; provided, however that LESSOR shall not be required to deliver such certification on more than two (2) occasions in any 12-month period. LESSOR: XXXXXXXX PROPERTIES, LLC LESSEE: BIOVEX, INC. By: /s/ Xxxxxx Xxxxxx By: /s/ Xxxxxx Xxxxxx-Xxxxxx --------------------------------- ------------------------------------ Duly authorized Duly authorized Print Name: Xxxxxx Xxxxxx Print Name: Xxxxxx Xxxxxx-Xxxxxx Title: President Title: President Date: 12/2/5 Date: 12/2/5
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Mortgage of Lease. Under no circumstances whatsoever may this lease be mortgaged or otherwise financially encumbered by way of sublease, assignment or otherwise.
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Related to Mortgage of Lease

  • Date of Lease July 1, 1997 -------------

  • Amendment of Lease The Lease is hereby amended as follows:

  • Ground Lease Reserved.

  • Status of Lease Except as amended by this Amendment, the Lease remains unchanged, and, as amended by this Amendment, the Lease is in full force and effect.

  • Assignment of Lease 10.01. The Tenant may not assign the Lease or sublet all or any part of the Premises or otherwise grant possession of the Premises or any portion thereof to any other person without first obtaining the prior written consent of the Landlord, such consent not to be unreasonably withheld. In no event shall the Tenant be released or discharged from the full performance of this Lease and the payment of all rents and monies and the observance of all covenants, agreements, terms and conditions herein contained and any such consent granted by the Landlord shall not be deemed or implied as consent to any further or subsequent assignment or subletting. In the event this Lease is assigned or all or a portion of the Premises sublet, the Tenant shall pay all reasonable out-of-pocket expenses incurred by the Landlord in any such assignment or subletting, including the Landlord’s legal costs in connection therewith and a non-refundable amount of Five Hundred Dollars ($500.00) in advance to the Landlord, representing a reasonable cost to the Landlord for reviewing such application. Any transferee shall enter into an agreement directly with the Landlord covenanting to be bound by all of the Tenant’s obligations hereunder to the extent applicable to it. Notwithstanding the foregoing provisions of this Section 10.01 or anything else contained herein, so long as Tenant is not then in default under this Lease beyond any applicable curative period provided for in this Lease, Tenant shall have the right, without the consent of Landlord, but otherwise in accordance with the requirements of this Lease, including without limitation, the obligation of any transferee to enter into an agreement directly with the Landlord covenanting to be bound by all of the Tenant’s obligations hereunder to the extent applicable, to assign this Lease and/or sublease the whole or part of the Premises to:

  • Term of Lease This Lease shall commence on the date of ________ and shall continue until its natural termination under this part on the date of ________ at 11:59 PM. After the date of termination, this Lease shall automatically renew and shall continue for the same term amount until Landlord or Tenant undertake cancellation of this Lease in writing. At the expiration of this Lease, Tenant shall be responsible for providing a forwarding address to Landlord to receive any funds owed or other notices.

  • Term of Leases All Leases for residential dwelling units with respect to the Mortgaged Property satisfy each of the following conditions:

  • Grant of Lease Landlord does hereby lease unto Tenant, and Xxxxxx does hereby rent from Landlord, solely for use as a personal residence, excluding all other uses, the personal residence located in USA, GA, with address of: 0000 Xxxxxxxx Xxxxxxx XX, #X, Xxxxxxxx, XX, XXX Heirs And Assigns It is agreed and understood that all covenants of this lease shall succeed to and be binding upon the respective heirs, executors, administrators, successors and, except as provided herein, assigns of the parties hereto, but nothing contained herein shall be construed so as to allow the Tenant to transfer or assign this lease in violation of any term here of.

  • SURRENDER OF LEASE The voluntary or other surrender of this Lease by Lessee, or a mutual cancellation thereof, shall not work a merger, and shall, at the option of Lessor, terminate all or any existing subleases or sub tenancies, or may, at the option of Lessor, operate as an assignment to him of any or all such subleases or sub tenancies.

  • Assignment of Leases The Assignment of Leases creates a valid assignment of, or a valid security interest in, certain rights under the Leases, subject only to a license granted to Borrower to exercise certain rights and to perform certain obligations of the lessor under the Leases, including the right to operate the Property. No Person other than Lender has any interest in or assignment of the Leases or any portion of the Rents due and payable or to become due and payable thereunder.

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