Common use of Effect of Subordination Clause in Contracts

Effect of Subordination. The effect of this Subordination shall be the same as if the Junior Mortgage, together with any and all modifications, amendments, supplements or restatements thereof at any time made or entered into were dated, executed, delivered and recorded after the dating execution, delivery and recording of the Senior Mortgage, together with any and all modifications, amendments, supplements, restatements or assignments thereof at any time made or entered into, including Other Advances thereunder. It is intended by the parties that this Subordination shall serve to subordinate the Junior Mortgage to the Senior Mortgage and any and all modifications, amendments, supplements, restatements or assignments thereof for all purposes; however, the Junior Mortgagee(s) hereby agree to execute any further documents, including, but not limited to, acknowledgments and/or subordinations, as may be requested by Senior Mortgagee, its successors and/or assigns.

Effect of Subordination. The effect of this Subordination shall be the same as if the Junior Mortgage, together with any and all modifications, amendments, supplements supplements, or restatements thereof at any time made or entered into were dated, executed, delivered delivered, and recorded after the dating execution, delivery delivery, and recording of the Senior Mortgage, together with any and all modifications, amendments, supplements, restatements restatements, or assignments thereof at any time made or entered into, including Other Advances thereunder. It is intended by the parties that this Subordination shall serve to subordinate the Junior Mortgage to the Senior Mortgage and any and all modifications, amendments, supplements, restatements restatements, or assignments thereof for all purposes; however, the Junior Mortgagee(s) hereby agree agrees to execute any further documents, including, but not limited to, acknowledgments and/or subordinations, as may be requested by Senior Mortgagee, its successors and/or assigns.