Automatic Subordination. Subject to Section 12.04 below, this Lease, and the rights of Tenant hereunder, shall be subordinate to the lien or liens of any mortgage or mortgages now or at any time hereafter in force with respect to the Building and to all advances made or hereafter to be made upon the security thereof. If requested by the holder of any such mortgage or mortgages, Tenant shall execute and deliver to such holder an instrument in form and substance satisfactory to such holder specifically subordinating this Lease to the lien of such mortgage or mortgages.
Appears in 2 contracts
Sources: Office Lease (ExactTarget, Inc.), Office Lease (ExactTarget, Inc.)
Automatic Subordination. Subject to Section 12.04 below, this This Lease, and and, subject to Article X, the rights of Tenant hereunder, shall be subject and subordinate to the lien Leasehold Loan or liens of any mortgage or mortgages now or at any time hereafter in force with respect to the Building portion thereof and to all advances made or hereafter to be made upon the security thereof. If requested by the holder of any such mortgage or mortgagesLeasehold Lender, Tenant shall execute and deliver to such holder Leasehold Lender an instrument in form and substance satisfactory to such holder Leasehold Lender specifically subordinating this Lease to the lien of such mortgage or mortgagesmortgage.
Appears in 1 contract
Sources: Office Lease