Common use of Notice of Proceeding Clause in Contracts

Notice of Proceeding. The parties hereto shall give all Mortgagees Notice of any arbitration, litigation, or Condemnation proceedings, or of any pending adjustment of insurance claims as each may relate to the Premises, and any Mortgagee shall have the right to intervene therein and to be made a party to such proceedings. The parties hereto do hereby consent to such intervention. In the event that any such Mortgagee shall not elect to intervene or become a party to the proceedings, such Mortgagee shall receive Notice and a copy of any award or decision made in connection therewith, but any such intervention shall not diminish Landlord’s rights under this Lease.

Notice of Proceeding. ‌ . The parties hereto shall give all Mortgagees Notice of any arbitration, litigation, or Condemnation proceedings, or of any pending adjustment of insurance claims as each may relate to the Premises, and any Mortgagee shall have the right to intervene therein and to be made a party to such proceedings. The parties hereto do hereby consent to such intervention. In the event that any such Mortgagee shall not elect to intervene or become a party to the proceedings, such Mortgagee shall receive Notice and a copy of any award or decision made in connection therewith, but any such intervention shall not diminish Landlord’s rights under this Lease.

Notice of Proceeding. The parties Parties hereto shall give all Mortgagees Notice notice of any arbitration, litigation, or Condemnation condemnation proceedings, or of any pending adjustment of insurance claims as each may relate to the Premises, and any Mortgagee shall have the right to intervene therein and to be made a party to such proceedings. The parties Parties hereto do hereby consent to such intervention. In the event that any such Mortgagee shall not elect to intervene or become a party to the proceedings, such Mortgagee shall receive Notice notice and a copy of any award or decision made in connection therewith, but any such intervention shall not diminish Landlord’s rights under this Lease.