Common use of Modification for Lender Clause in Contracts

Modification for Lender. Upon Lessor's request, Lessee agrees to modify this Lease to meet the requirements of any or all lenders or ground lessors selected by Lessor who request such modification as a condition precedent to providing any loan or financing or to entering into any ground lease affecting or encumbering the Property or any part thereof, provided that such modification does not (a) increase Base Rental, (b) alter the Term, or (c) materially adversely affect Lessee's rights under this Lease.

Appears in 4 contracts

Sources: Lease Agreement (iDcentrix, Inc.), Lease Agreement (Advanced Communications Technologies Inc), Lease Agreement (Advanced Communications Technologies Inc)

Modification for Lender. Upon Lessor's ’s request, Lessee agrees to modify this Lease to meet the requirements of any or all lenders or ground lessors selected by Lessor who request such modification as a condition precedent to providing any loan or financing or to entering into any ground lease affecting or encumbering the Property or any part thereof, provided that such modification does not (a) increase Base Rental, (b) alter the Term, or (c) materially adversely affect Lessee's ’s rights under this Lease.

Appears in 1 contract

Sources: Lease Agreement (Peerless Systems Corp)

Modification for Lender. Upon Lessor's request, Lessee agrees to modify this Lease to meet the requirements of any or all lenders or ground lessors selected by Lessor who request such modification as a condition precedent to providing any loan or financing or to entering into any ground lease affecting or encumbering the Property or any part thereof, provided that such modification does not (a) increase Base Rental, (b) alter the Term, or (c) materially adversely affect Lessee's rights under this Lease.

Appears in 1 contract

Sources: Lease Agreement (A-Mark Precious Metals, Inc.)

Modification for Lender. Upon Lessor's ’s request, Lessee agrees to modify this Lease to meet the requirements of any or all lenders or ground lessors selected by Lessor who request such modification as a condition precedent to providing any loan or financing or to entering into any ground lease affecting or encumbering the Property or any part thereof, provided that such modification does not (a) increase Base RentalRental or other costs, (b) alter the Term, or (c) materially adversely affect Lessee's ’s rights under this LeaseLease or materially increase Lessee’s obligations.

Appears in 1 contract

Sources: Lease Agreement (Manhattan Bancorp)