Common use of Duties of Grantor Clause in Contracts

Duties of Grantor. Grantor will observe and perform all covenants and conditions to be observed or performed by the lessor under the Leases and enforce the observance and performance of the Leases by the lessees. Grantor will not cancel, surrender, terminate, or materially alter, amend or modify any Leases, release any party liable thereunder or consent to the assignment of the interests of any lessees without the prior written consent of Beneficiary which consent will not be unreasonably withheld; and Beneficiary will be deemed to have consented to any such items if Beneficiary fails to object thereto within 5 days of receipt of a written request for Beneficiary's consent.

Duties of Grantor. Grantor will observe and perform all covenants and conditions to be observed or performed by the lessor under the Leases and enforce the observance and performance of the Leases by the lessees. Grantor will not cancel, surrender, terminate, or materially alter, amend or modify any Leases, release any party liable thereunder or consent to the assignment of the interests of any lessees without the prior written consent of Beneficiary Grantee which consent will not be unreasonably withheld; and Beneficiary Grantee will be deemed to have consented to any such items if Beneficiary Grantee fails to object thereto within 5 days of receipt of a written request for BeneficiaryGrantee's consent.