Mortgagee Protections. Nothing contained in this Articles 24 shall be deemed to modify the provisions of Section 10.04 and Section 10.05 hereof.
Mortgagee Protections. Nothing contained in this Article 24 shall be deemed to modify the provisions of Section 10.04 hereof (including without limitation, as they apply, where applicable, to a Tax Equity Investor under Section 38.01).
Mortgagee Protections. No breach of any of the covenants, conditions or restrictions contained in this Agreement, nor the enforcement of any lien or other monetary provisions herein, shall render invalid the lien of any Mortgagee holding a first Mortgage of record (meaning a Mortgage with first priority over any other Mortgage) on any of the Land made in good faith and for value, but all of such covenants, conditions or restrictions shall be binding upon and effective against any Owner whose title is derived through foreclosure or trustee's sale.
Mortgagee Protections. The following provisions are for the benefit of the holder (“Mortgagee”) of any first mortgage (“Mortgage”) encumbering the Grantor’s Parcel. Any Mortgagee who provides a written request to the GRANTEE stating its name and address and indicating that its Mortgage encumbers all or part of the Grantor’s Parcel shall be entitled to a copy of any notice of default by GRANTOR under this Agreement, and the Mortgagee shall have the right, but not the obligation, to cure any such default within thirty (30) days after its receipt of such notice of default, or within such longer period of time as may be reasonably required under the circumstances.
Mortgagee Protections. Once Tenant has received written notice identifying the name and address of any Mortgagee, and immediately with respect to the Master Lessor (whose address for purposes of this provision is initially c/o CEO/ Real Estate, ATTN: Chief Real Estate Officer, 000 X. Xxxxx Xxx Xxxx, 3rd Floor, Santa Ana, CA 92701, Facsimile: 714/834-6166, subject to change in the event the County offices are relocated), Tenant agrees to notify such Mortgagee and Master Lessor by certified mail, return receipt requested, with postage prepaid, of any default on the part of Landlord under this Lease, and Tenant further agrees that, notwithstanding any provisions of this Lease, no cancellation or termination of this Lease and no abatement or reduction of the Rent payable hereunder shall be effective unless the Mortgagee and Master Lessor has received notice of the same and shall have failed within the period of time provided under this Lease after receipt of such notice to commence to cure such default and thereafter diligently prosecute such cure to completion, and if the Mortgagee or Master Lessor needs to obtain possession of the Premises to cure such default, to allow the Mortgagee or Master Lessor to obtain possession of the Premises, provided the Mortgagee or Master Lessor commences judicial or non- judicial proceedings to obtain possession within such period and thereafter diligently prosecutes such efforts and cure to completion. It is understood that the Mortgagee and Master Lessor shall have the right, but not the obligation, to cure any default on the part of Landlord. Tenant agrees that if a Mortgagee or Master Lessor shall succeed to the interest of Landlord under this Lease, neither the Mortgagee, Master Lessor nor its successors or assigns shall be: liable for any prior act or omission of any prior landlord (including Landlord); subject to any claims, offsets, credits or defenses which Tenant might have against any prior landlord (including Landlord) (except that Mortgagee or Master Lessor shall not be relieved from the obligation to cure any defaults which are non-monetary, continuing in nature and reasonably susceptible to being cured); bound by any assignment (except as otherwise expressly permitted hereunder), surrender, release, waiver, amendment or modification of this Lease made without such Mortgagee’s or Master Lessor’s prior written consent; or obligated to make any payment to Tenant or liable for refund of all or any part of any Security Deposit or other pr...
Mortgagee Protections. The "Mortgagee Protections" means, as to any Mortgagee or Investor Limited Partner, all rights, protections, and privileges of such Mortgagee as expressly provided for under this Lease, including the following: (1) any right to receive notices and/or to cure defaults (including, in the case of a Leasehold Mortgagee or Investor Limited Partner, all Leasehold Mortgagee's Cure Rights); (2) any requirement for Leasehold Mortgagee's or Investor Limited Partner Consent to any matter; (3) in the case of a Leasehold Mortgagee, all provisions of this Lease relating to a New Lease and all rights of any New Lessee or Successor Lessee; and (4) all other rights, protections, and privileges of such Mortgagee under this Lease.
Mortgagee Protections. Notwithstanding any other provision of this Lease Agreement:
Mortgagee Protections. Tenant agrees to give any holder of any lien or other such encumbrance covering any part of the project of which the Building is a part (“Mortgagee”), by registered mail, a copy of any notice of default served upon Landlord, provided that prior to such notice Tenant has been notified in writing (by way of notice of assignment of rents and leases, or otherwise) of the address of such Mortgagee. If Landlord shall have failed to cure such default within thirty (30) days from the effective date of such notice of default, then the Mortgagee shall have an additional thirty (30) days within which to cure such default or if such default cannot be cured within that time, then such additional time as may be necessary to cure such default (including the time necessary to foreclose or otherwise terminate its lien or other such encumbrance, if necessary to effect such cure), and this Lease shall not be terminated so long as such remedies are being diligently pursued.
Mortgagee Protections. Landlord’s rights contained in this Article 24 are subject to the rights of Mortgagee set forth in Section 10.04 and Section 10.05 and nothing contained in this Articles 24 will be deemed to modify or limit Mortgagee’s rights thereunder. NOTICES
Mortgagee Protections. If any lender requires, as a condition to its lending funds the repayment of which is to be secured by a mortgage or trust deed on the Building or any portion thereof, that certain modifications be made to this Lease, which modifications will not require Tenant to pay any additional amounts or otherwise change materially the rights or obligations of Tenant hereunder, Tenant shall, upon Landlord's request, execute appropriate instruments effecting such modifications. In the event of any act or omission by Landlord which would give Tenant the right to damages from Landlord or the right to terminate this Lease, Tenant will not sxx for such damages or exercise any such right to terminate until (i) it shall have given written notice of the act or omission to Landlord and to the holder(s) of any mortgage or deed of trust encumbering the Building, if the name and address of such holder(s) have been furnished to Tenant, and (ii) such holder(s) shall have been given a reasonable opportunity to cure Landlord's default, including time to obtain possession of the Building or portion thereof by power of sale or judicial foreclosure or other appropriate legal proceedings, if such should prove necessary to effect a cure.
