CONDITIONS TO ENCUMBRANCE Sample Clauses

CONDITIONS TO ENCUMBRANCE. Tenant shall have the right, without Landlord’s consent, to encumber its interest in this Lease under a Trust Deed for the benefit of a Lender subject to the following:
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CONDITIONS TO ENCUMBRANCE. Notwithstanding the provisions of Article 11 above, if requested by Tenant in writing, Landlord shall execute its written consent to an assignment or hypothecation of this Lease under a Trust Deed for the benefit of a Lender upon and subject to the following covenants and conditions: (a) The Trust Deed and all rights acquired thereunder shall be subject to each and all of the covenants, conditions, restrictions and provisions set forth in this Lease and to all rights and interest of Landlord hereunder, except as herein otherwise provided. Landlord may condition such consent upon receipt from Tenant and said Lender of written documents satisfactory to Landlord by which Tenant and Lender expressly agree to be so bound and subject to such matters as to themselves and their respective successors and assigns. In the event of any conflict between the provisions of this Lease and any provisions of any Trust Deed, the provisions of this Lease shall control. Any notice to Lender of Tenant's default or of termination of this Lease provided for in this Article may be given concurrently with or after Landlord's notice of default to Tenant as provided in Article 13. (b) Immediately after the recording of the Trust Deed, Tenant, at Tenant's expense, shall cause to be recorded in the office of the Recorder of Orange County, California, a written request executed and acknowledged by Landlord for a copy of any notice of default and of any notice of sale under the Trust Deed as provided by the statutes of the State of California. Concurrently with the execution of said consent, Tenant shall furnish to Landlord a complete copy of the Trust Deed and note secured thereby, and all other instruments evidencing or securing the indebtedness secured thereby, together with the name and address of the holder thereof. No such encumbrance shall be valid or effective unless and until Landlord shall execute its written consent thereto.
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Related to CONDITIONS TO ENCUMBRANCE

  • Conditions to Loan Section 3.1 Conditions to Funding of the Loan on the Closing Date......................................... 33

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  • CONDITIONS TO MERGER Section 7.01 Conditions to Each Party's Obligation To Effect the Merger. The respective obligations of each party to this Agreement to effect the Merger shall be subject to the satisfaction prior to the Closing Date of the following conditions:

  • Conditions to Obligations OF EACH PARTY TO EFFECT THE MERGER. The respective obligations of each party to this Agreement to effect the Merger shall be subject to the satisfaction at or prior to the Effective Time of the following conditions:

  • Conditions to Loans The obligations of Lenders to make Loans are subject to satisfaction of all of the applicable conditions set forth below.