Limited Exclusion. Notwithstanding anything to the contrary contained in this Mortgage, solely to the extent that a conveyance of an interest in a real property leasehold interest or other interest in real estate pursuant to this Mortgage is prohibited by an enforceable provision of a Mortgaged Lease, or in any right of way, easement, license or similar conveyance instrument (collectively, the “Other Instruments”), then the provisions of this Mortgage which purport to ▇▇▇▇▇ ▇ ▇▇▇▇ on the real property leasehold interest of Mortgagor in such Mortgaged Lease or such Other Instruments shall be of no effect solely with respect to such real property leasehold interest, it being expressly understood that the ineffectiveness of such provisions shall in no way affect the enforceability and effectiveness of the remaining provisions of this Mortgage, including without limitation, Mortgagee’s interests in and liens on all other Mortgaged Property.
Appears in 2 contracts
Sources: Put Option Agreement, Securities Purchase Agreement