Common use of Notice to Mortgagee Clause in Contracts

Notice to Mortgagee. No act or failure to act on the part of Landlord which would entitle Tenant under the terms of this Lease, or by law, to be relieved of Tenant's obligations hereunder or to terminate this Lease, shall result in a release or termination of such obligations or a termination of this Lease unless (i) Tenant shall have first given written notice of Landlord's act or failure to act to Landlord's mortgagees of record, if any, specifying the act or failure to act on the part of Landlord which could or would give basis to Tenant's rights; and (ii) such mortgagees, after receipt of such notice, have had the opportunity to cure such default within a reasonable time thereafter; but nothing contained in this Section 19.03 shall be deemed to impose any obligation on any such mortgagees to correct or cure any such condition. "

Appears in 1 contract

Samples: Lifeline Systems Inc

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Notice to Mortgagee. No act or failure to act on the part of Landlord which would entitle Tenant under the terms of this Leaselease, or by law, to be relieved of Tenant's obligations hereunder or to terminate this Lease, shall result in a release or termination of or such obligations or a termination of this Lease unless (i) Tenant shall have first given written notice of Landlord's act or failure to act to Landlord's mortgagees of record, if any, specifying the act or failure to act on the part of Landlord which could or would give basis to Tenant's rights; and (ii) such mortgagees, after receipt of such notice, have had the opportunity to cure such default within a reasonable time thereafter; but nothing contained in this Section 19.03 shall be deemed to impose any obligation on any such mortgagees to correct or cure any such condition. "

Appears in 1 contract

Samples: Office Lease (Nexar Technologies Inc)

Notice to Mortgagee. No act or failure to act on the part of Landlord which would entitle Tenant under the terms of this Lease, or by law, to be relieved of Tenant's Tenant s obligations hereunder or to terminate this Lease, shall result in a release or termination of or such obligations or a termination of this Lease unless (i) Tenant shall have first given written notice of Landlord's act or failure to act to Landlord's mortgagees of record, whose identity has been furnished to Tenant in writing, if any, specifying the act or failure to act on the part of Landlord which could or would give basis to Tenant's rights; and (ii) such mortgagees, after receipt of such notice, have had the opportunity to cure such default within a reasonable the same time thereafterperiod as applicable to Landlord; but nothing contained in this Section 19.03 shall be deemed to impose any obligation on any such mortgagees to correct or cure any such condition. "

Appears in 1 contract

Samples: Office Lease (Sync Research Inc)

Notice to Mortgagee. No act or failure to act on the part of Landlord which would entitle Tenant under the terms of this Lease, or by law, to be relieved of Tenant's ’s obligations hereunder or to terminate this Lease, shall result in a release or termination of such obligations or a termination of this Lease unless (i) Tenant shall have first given written notice of Landlord's ’s act or failure to act to Landlord's ’s mortgagees of record, which Tenant has been given notice by Landlord (if any, ) specifying the act or failure to act on the part of Landlord which could or would give basis rise to Tenant's ’s rights; , and (ii) such mortgagees, after receipt of such notice, have had the opportunity to cure such default within a reasonable time thereafterthereafter (not to exceed sixty (60) days after the date of such notice); but nothing contained in this Section 19.03 shall be deemed to impose any obligation on any such mortgagees to correct or cure any such condition. ".

Appears in 1 contract

Samples: Tenant Estoppel Certificate (A123 Systems, Inc.)

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Notice to Mortgagee. No act or failure to act on the part of Landlord which would entitle Tenant under the terms of this Lease, or by law, to be relieved of Tenant's obligations hereunder or to terminate this Lease, shall result in a release or termination of or such obligations or a termination of this Lease unless (i) Tenant shall have first given written notice of Landlord's act or failure to act to Landlord's mortgagees of recordrecord (provided Tenanx xxx xxen given written notice of the identity of such mortgagee), if any, specifying the act or failure to act on the part of Landlord which could or would give basis to Tenant's rights; and (ii) such mortgagees, after receipt of such notice, have had the same opportunity to cure such default within a reasonable time thereafteras afforded Landlord; but nothing contained in this Section 19.03 9.15.3 shall be deemed to impose any obligation on any such mortgagees to correct or cure any such condition. ".

Appears in 1 contract

Samples: Disturbance and Attornment Agreement (Softlock Com Inc)

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