Common use of Financing by Lessor Clause in Contracts

Financing by Lessor. SNDA. Lessor may at any time and from time to time finance or refinance the Leased Premises and in connection therewith assign this Lease to the Property Lender providing such financing, so long as Lessor uses commercially reasonable efforts to obtain a SNDA of this Lease from any such Property Lender, acceptable to Lessee and similar in form and substance to that set forth in Exhibit C. Nothing herein shall be construed as requiring Lessee to subordinate its interests in this Lease to the lien of a future Property Lender in the absence of an SNDA.

Appears in 3 contracts

Sources: Site Lease Agreement, Site Lease Agreement, Site Lease Agreement