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and unilaterally revocable by either Lessee or Lessor for any reason, with or without cause, and which <br />license shall be for no longer than three (3) consecutive days, such license shall not be deemed an <br />assignment or transfer of Lessee's rights in violation of this Section 11.2. Lessee agrees to pay on <br />behalf of Lessor any and all costs of Lessor, including reasonable attorneys' fees, occasioned by such <br />any such assignment or transfer or by any such license. <br /> <br /> 11.3) Mortga~ng - Lessee may not give any person or entity a mortgage deed to or other <br />security interest in the Leasehold Property or Improvements, or any part thereof, without the express <br />written consent of Lessor. <br /> <br />(01) Lessor shall consent to Lessee's pledge of its rights and interests pursuant to this <br />Lease Agreement for one (1) construction mortgage loan to finance construction of the <br />Improvements on the general terms and conditions set forth on Exhibit C attached hereto and <br />incorporated herein by this reference, pursuant to documentation and additional or different <br />terms to be approved by Lessor at Lessor's sole reasonable discretion (the "Leasehold <br />Mortgage"). <br /> <br />(02) In the event that the Lessee's proposed mortgagee for the Leasehold Mortgage <br />requires additional assurances by Lessor as a condition to making a commitment for the <br />Leasehold Mortgage, Lessor will give reasonable consideration to entering into an agreement <br />with said mortgagee (the "Mortgagee Agreement") in which Lessor agrees with said <br />mortgagee that, if said mortgagee institutes foreclosure proceedings pursuant to the <br />Leasehold Mortgage, Lessor will, upon the expiration of the applicable Lessee's right of <br />redemption pursuant to the Leasehold Mortgage, either (i) cure any default by Lessee <br />pursuant to the Leasehold Mortgage and assume Lessee' s obligations thereunder; or (ii) pay <br />the Leasehold Mortgage in full. The Mortgagee Agreement shall contain, among other <br />things, the provisions and conditions set forth on Exhibit D attached hereto and incorporated <br />herein by reference <br /> <br />(03) Lessor's agreement with Lessee hereunder regarding a Mortgagee Agreement is not <br />intended to constitute a present or future guaranty of any Leasehold Mortgage, and neither <br />Lessee nor any mortgagee pursuant to a Leasehold Mortgage shall have any rights or claims <br />against Lessor except as may arise pursuant to a fully executed Mortgagee Agreement that <br />complies with the terms and conditions stated on Exhibit D hereof. <br /> <br />ARTICLE 12. <br /> <br /> EVENTS OF DEFAULT <br /> <br /> 12.1) Events of Default Defined - The following shall be "Events of Default" under this <br />Lease Agreement and the "Event of Default" shall mean, whenever used in this Lease Agreement, any <br />one or more of the following events: <br /> <br />BURNIS 566679.3 15 of 22 <br /> <br /> <br />