Common use of ACKNOWLEDGEMENT BY TENANT Clause in Contracts

ACKNOWLEDGEMENT BY TENANT. The foregoing provisions shall inure to the benefit of any such owner, mortgagee or holder and shall be self- operative upon any such demand, without requiring any further instrument to give effect to such provisions. Tenant, however, upon demand of any such owner, mortgagee or holder, agrees to execute, from time to time and within ten (10) days of Landlord’s written request, a SNDA to Landlord’s mortgagees or such instrument in confirmation of the foregoing provisions, satisfactory to any such owner, mortgagee or holder, in which Tenant shall acknowledge such attornment and shall set forth the terms and conditions of its tenancy, which shall be the same as those set forth herein and shall apply for the remainder of the Term. Nothing contained in this Article shall be construed to impair any right otherwise exercisable to any such owner, mortgagee or holder.