Common use of Assignment by Leasehold Mortgagee Clause in Contracts

Assignment by Leasehold Mortgagee. If a Permitted Leasehold Mortgagee shall acquire title to Tenant’s interest in this Lease by foreclosure, assignment in lieu of foreclosure or otherwise, or obtain a new lease pursuant to Section 13.3, Permitted Leasehold Mortgagee may assign this lease or such new lease in accordance with the terms and conditions of Article X.

Appears in 2 contracts

Sources: Ground Lease, Ground Lease (Universal City Travel Partners)

Assignment by Leasehold Mortgagee. If a Permitted Leasehold Mortgagee shall acquire title to Tenant’s 's interest in this Lease by foreclosure, assignment in lieu of foreclosure or otherwise, or obtain a new lease pursuant to Section 13.3, Permitted Leasehold Mortgagee may assign this lease or such new lease in accordance with the terms and conditions of Article X.

Appears in 1 contract

Sources: Ground Lease (Universal City Development Partners LTD)