Automatic Subordination. 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 that is customary in the industry specifically subordinating this Lease to the lien of such mortgage or mortgages. The foregoing subordination is hereby and shall be hereafter be subject to the limitation that Tenant’s use and occupancy of the Leased Premises shall not be disturbed so long as there is no uncured Event of Default hereunder.
Appears in 1 contract
Sources: Lease Agreement (ExactTarget, Inc.)
Automatic Subordination. 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 that is customary in the industry specifically subordinating this Lease to the lien of such mortgage or mortgages. The foregoing subordination is hereby and shall be hereafter be subject to the limitation that Tenant’s 's use and occupancy of the Leased Premises shall not be disturbed so long as there is no uncured Event of Default hereunder.
Appears in 1 contract
Sources: Lease Agreement (ExactTarget, Inc.)