Recording; Modification. A memorandum of each Ground Lease has been duly recorded, the Ground Leases permit the interest of Borrower to be encumbered by a mortgage or each Ground Lessor has approved and consented to the encumbrance of the applicable Individual Property by the applicable Mortgages and there have not been amendments or modifications to the terms of the Ground Leases since recordation of the applicable memorandum of ground lease pertaining thereto, with the exception of written instruments listed on Schedule V. The Ground Lease may not be canceled, terminated, surrendered or amended without the prior written consent of Lender.
Appears in 2 contracts
Sources: Loan Agreement (Equity Inns Inc), Loan Agreement (Equity Inns Inc)
Recording; Modification. A memorandum of each Ground Lease has been duly recorded, the . Each Ground Leases permit Lease permits the interest of Borrower to be encumbered by a mortgage or each Ground Lessor has approved and consented to the encumbrance of the applicable Individual Property by the applicable Mortgages and there mortgage. There have not been written amendments or modifications to the terms of the any Ground Leases Lease since recordation of the applicable memorandum of ground lease pertaining theretoits recordation, with the exception of written instruments listed on Schedule V. The which have been recorded or provided to Lender prior to the date hereof. No Ground Lease may not be canceled, terminated, surrendered or amended without the prior written consent of Lender.
Appears in 1 contract
Recording; Modification. A memorandum of each the Ground Lease has been duly recorded, the Ground Leases permit Lease permits the interest of the Borrower to be encumbered by a mortgage or each mortgage, the landlord under the Ground Lessor Lease, to the extent required thereby, has approved and consented to the encumbrance of the applicable Individual Property by the applicable Mortgages Mortgage and there have not been amendments a complete and correct description of each Ground Lease, including all amendments, modifications or modifications to the terms of the Ground Leases since recordation of the applicable memorandum of ground lease pertaining supplements thereto, with the exception of written instruments listed is set forth on Schedule V. The Ground Lease may not be canceled, terminated, surrendered or amended without the prior written consent of Lender.
Appears in 1 contract
Sources: Loan Agreement (Horizon Group Inc)
Recording; Modification. A memorandum notice of lease for each of the Ground Lease Leases has been duly recorded, the . The Ground Leases each permit the interest of Borrower to be encumbered by a mortgage or each Ground Lessor the respective ground lessors have has approved and consented to the encumbrance of the applicable Individual Property by the applicable Mortgages and there Mortgage. There have not been amendments or modifications to the terms of the Ground Leases since recordation of the applicable memorandum of ground lease pertaining theretotheir recordation, with the exception of written instruments listed on Schedule V. which have been recorded. The Ground Lease Leases may not be canceled, terminated, surrendered or amended without the prior written consent of Lender.
Appears in 1 contract
Recording; Modification. A memorandum of each The Ground Lease (or a memorandum thereof) has been duly recorded, the . The Ground Leases permit Lease permits the interest of Borrower to be encumbered by a deed of trust or mortgage or each the Ground Lessor has approved and consented to the encumbrance of the applicable Individual Property by the applicable Mortgages and there Mortgage. There have not been amendments or modifications to the terms of the Ground Leases Lease since recordation of the applicable memorandum of ground lease pertaining theretoits recordation, with the exception of written instruments listed which have been recorded and any other instruments which have been provided to Lender prior to or on Schedule V. The the Closing Date. Borrower will not cancel, terminate, surrender or amend the Ground Lease may not be canceled, terminated, surrendered or amended without the prior written consent of Lender, except as otherwise expressly permitted by this Agreement.
Appears in 1 contract
Sources: Loan Agreement (Taubman Centers Inc)