Common use of New Security Instruments Clause in Contracts

New Security Instruments. This Lease is subject and subordinate to any Security Instrument created after the Effective Date. Notwithstanding such subordination, Tenant’s right to quiet possession of the Premises shall not be disturbed and this Lease shall continue in full force and effect so long as Tenant is not in default (after applicable notice and cure periods) and performs all of its obligations under this Lease, unless this Lease is otherwise terminated pursuant to its terms. However, if any Lender so requires, this Lease shall become prior and superior to any such Security Instrument.

New Security Instruments. This Lease is shall be subject and subordinate to any Security Instrument created after the Effective Date. Notwithstanding such subordination, Tenant’s right to quiet possession of the Premises shall not be disturbed and this Lease shall continue in full force and effect so long as Tenant is an Event of Tenant’s Default does not in default (after applicable notice and cure periods) and performs all of its obligations under this Leaseexist, unless this Lease is otherwise terminated pursuant to its terms. However, if any Lender so requires, this Lease shall become prior and superior to any such Security Instrument.