Common use of Modification, Amendment, or Waiver Clause in Contracts

Modification, Amendment, or Waiver. Any modification or amendment of the Lease, or any waiver of any terms of the Lease, made without Mortgagee’s written consent if such modification or amendment (i) materially reduces the rights of Landlord or materially increases the obligations of Landlord, or (ii) materially increases the rights of Tenant or materially reduces the obligations of Tenant. Execution by Tenant of Tenant’s Commencement Letter (attached as Exhibit E to the Lease) is not considered a modification or amendment of the Lease.