Notice to Lessor. If Tenant shall mortgage Tenant's interest in one or more Leased Properties to a Lending Institution in accordance with the terms of this Lease, and if the holder of the Leasehold Mortgage shall provide Lessor with a true copy of the Leasehold Mortgage and the name and address of the Leasehold Mortgagee (as hereinafter defined) and Lessor shall approve the Leasehold Mortgage, Lessor and Tenant agree that the provisions of this Section shall apply in respect to the Leasehold Mortgage. Lessor hereby approves of the standard Leasehold Mortgage form draft that was forwarded to Lessor's counsel on February 28, 2001 and that is intended to be used in connection with the Tenant Senior Secured Notes and further agrees that it would approve the same form for use in connection with the Exit Financing; provided, however, that such approval shall not constitute an agreement by Lessor to be bound by the terms of any such Leasehold Mortgage. In the event of any assignment of a Leasehold Mortgage or in the event of a change of address of a Leasehold Mortgagee or of an assignee of a Leasehold Mortgage, notice of the new name and address shall be provided to Lessor.
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Samples: Master Lease Agreement (Ventas Inc)
Notice to Lessor. If Tenant shall mortgage Tenant's ---------------- interest in one or more Leased Properties to a Lending Institution in accordance with the terms of this Lease, and if the holder of the Leasehold Mortgage shall provide Lessor with a true copy of the Leasehold Mortgage and the name and address of the Leasehold Mortgagee (as hereinafter defined) and Lessor shall approve the Leasehold Mortgage, Lessor and Tenant agree that the provisions of this Section shall apply in respect to the such Leasehold Mortgage. Lessor hereby approves of has heretofore approved the standard Leasehold Mortgage form draft that was forwarded to Lessor's counsel on February 28Mortgages dated April 20, 2001 and that is intended to be used in connection with securing the Tenant Senior Secured Notes and further agrees that it would approve the same form for use in connection with the Exit Financing; provided, however, provided that such approval shall not constitute an agreement by Lessor to be bound by the terms of any such Leasehold Mortgage. In the event of any assignment of a Leasehold Mortgage or in the event of a change of address of a Leasehold Mortgagee or of an assignee of a Leasehold Mortgage, notice of the new name and address shall be provided to LessorLessor and any Facility Mortgagee(s) (provided that Lessor has notified Tenant (and any Leasehold Mortgagee(s) of which Lessor has been provided the name(s) and address(es)) of the name(s) and address(es) of any such Facility Mortgagee(s)).
Appears in 1 contract
Notice to Lessor. If Tenant shall mortgage Tenant's interest ---------------- in one or more Leased Properties to a Lending Institution in accordance with the terms of this Lease, and if the holder of the Leasehold Mortgage shall provide Lessor with a true copy of the Leasehold Mortgage and the name and address of the Leasehold Mortgagee (as hereinafter defined) and Lessor shall approve the Leasehold Mortgage, Lessor and Tenant agree that the provisions of this Section shall apply in respect to the Leasehold Mortgage. Lessor hereby approves of the standard Leasehold Mortgage form draft that was forwarded to Lessor's counsel on February 28, 2001 and that is intended to be used in connection with the Tenant Senior Secured Notes and further agrees that it would approve the same form for use in connection with the Exit Financing; provided, however, that such approval shall not constitute an agreement by Lessor to be bound by the terms of any such Leasehold Mortgage. In the event of any assignment of a Leasehold Mortgage or in the event of a change of address of a Leasehold Mortgagee or of an assignee of a Leasehold Mortgage, notice of the new name and address shall be provided to Lessor.
Appears in 1 contract
Notice to Lessor. If Tenant shall mortgage Tenant's interest ---------------- in one or more Leased Properties to a Lending Institution in accordance with the terms of this Lease, and if the holder of the Leasehold Mortgage shall provide Lessor with a true copy of the Leasehold Mortgage and the name and address of the Leasehold Mortgagee (as hereinafter defined) and Lessor shall approve the Leasehold Mortgage, Lessor and Tenant agree that the provisions of this Section shall apply in respect to the such Leasehold Mortgage. Lessor hereby approves of has heretofore approved the standard Leasehold Mortgage form draft that was forwarded to Lessor's counsel on February 28Mortgages dated April 20, 2001 and that is intended to be used in connection with securing the Tenant Senior Secured Notes and further agrees that it would approve the same form for use in connection with the Exit Financing; provided, however, provided that such approval shall not constitute an agreement by Lessor to be bound by the terms of any such Leasehold Mortgage. In the event of any assignment of a Leasehold Mortgage or in the event of a change of address of a Leasehold Mortgagee or of an assignee of a Leasehold Mortgage, notice of the new name and address shall be provided to LessorLessor and any Facility Mortgagee(s) (provided that Lessor has notified Tenant (and any Leasehold Mortgagee(s) of which Lessor has been provided the name(s) and address(es)) of the name(s) and address(es) of any such Facility Mortgagee(s)).
Appears in 1 contract
Samples: Master Lease Agreement (Ventas Inc)