Common use of Priority of Encumbrances Clause in Contracts

Priority of Encumbrances. This Lease is subordinate to any ground lease, mortgage, deed of trust or any other hypothecation for security now or hereafter placed upon the real property of which the Leased Premises are a part and to any and all advances made on the security thereof and to all renewals, modifications, consolidations, replacements and extensions thereof. If any mortgagee, trustee or ground lessor shall elect to have this Lease prior to the lien of its mortgage, deed of trust or ground lease, and shall give written notice thereof to Tenant, this Lease shall be deemed prior to such mortgage, deed of trust or ground lease, whether this Lease is dated prior or subsequent to the date of said mortgage, deed of trust or ground lease or the date of recording thereof.

Priority of Encumbrances. This Lease is subordinate to any ground lease, mortgage, deed of trust or any other hypothecation for security now or hereafter placed upon the real property of which the Leased Premises are a part and to any and all advances made on the security thereof and to all renewals, modifications, consolidations, replacements and extensions thereof. If any mortgagee, trustee or ground lessor shall elect to have this Lease prior to the lien of its mortgage, deed of trust or ground lease, and shall give written notice thereof to Tenant, this Lease shall be deemed prior to such mortgage, deed of trust or ground lease, whether this Lease is dated prior or subsequent to the date of said mortgage, deed of trust or ground lease or the date of recording thereof.

Priority of Encumbrances. This Lease is at Landlord's option shall be subordinate to any ground lease, mortgage, deed of trust or any other hypothecation for security mortgage now or hereafter placed upon encumbering the real property of which the Leased Premises are a part and to Premises, any and all advances made on the security thereof and to all any renewals, modifications, consolidations, replacements and or extensions thereof, whenever made or recorded. However, Tenant's right to quiet possession of the Premises during the Lease Term shall not be disturbed if Tenant pays the Rent and performs all of Tenant's obligations under this Lease and is not otherwise in default. If any mortgageeground lessor, trustee beneficiary or ground lessor shall elect mortgagee elects to have this Lease designated as prior to the lien of its mortgageground lease, deed of trust or ground lease, mortgage and shall give gives written notice thereof to Tenant, this Lease shall be deemed prior to such mortgageground lease, deed of trust or ground lease, mortgage whether this Lease is dated prior or subsequent to the date of said mortgageground lease, deed of trust or ground lease mortgage or the date of recording thereof.