Recognition and Attornment. Upon Successor Landlord taking title to the Property (i) Successor Landlord shall be bound to Tenant under all the terms and conditions of the Lease (except as provided in this Agreement); (ii) Tenant shall recognize and attorn to Successor Landlord as Tenant's direct landlord under the Lease as affected by this Agreement; and (iii) the Lease shall continue in full force and effect as a direct lease, in accordance with its terms (except as provided in this Agreement), between Successor Landlord and Tenant. Tenant hereby acknowledges notice that pursuant to the Mortgage and assignment of rents, leases and profits, Landlord has granted to the Mortgagee an absolute, present assignment of the Lease and Rents which provides that Tenant continue making payments of Rents and other amounts owed by Tenant under the Lease to the Landlord and to recognize the rights of Landlord under the Lease until notified otherwise in writing by the Mortgagee. After receipt of such notice from Mortgagee, the Tenant shall thereafter make all such payments directly to the Mortgagee or as the Mortgagee may otherwise direct, without any further inquiry on the part of the Tenant. Landlord consents to the foregoing and waives any right, claim or demand which Landlord may have against Tenant by reason of such payments to Mortgagee or as Mortgagee directs.
Appears in 4 contracts
Sources: Office/Retail Lease (KBS Real Estate Investment Trust II, Inc.), Office Lease (Inforte Corp), Lease Agreement (Parlex Corp)
Recognition and Attornment. Upon Successor Landlord taking title to the Property (i) Successor Landlord shall be bound to Tenant under all the terms and conditions of the Lease (except as provided in this Agreement); (ii) Tenant shall recognize and attorn to Successor Landlord as Tenant's ’s direct landlord under the Lease as affected by this Agreement; and (iii) the Lease shall continue in full force and effect as a direct lease, in accordance with its terms (except as provided in this Agreement), between Successor Landlord and Tenant. Tenant hereby acknowledges notice that pursuant to the Mortgage and assignment of rents, leases and profits, Landlord has granted to the Mortgagee an absolute, present assignment of the Lease and Rents which provides that Tenant continue making payments of Rents and other amounts owed by Tenant under the Lease to the Landlord and to recognize the rights of Landlord under the Lease until notified otherwise in writing by the Mortgagee. After receipt of such notice from Mortgagee, the Tenant shall thereafter make all such payments directly to the Mortgagee or as the Mortgagee may otherwise direct, without any further inquiry on the part of the Tenant. Landlord consents to the foregoing and waives any right, claim or demand which Landlord may have against Tenant by reason of such payments to Mortgagee or as Mortgagee directs.
Appears in 4 contracts
Sources: Office Lease (Rocket Companies, Inc.), Office Lease (Rocket Companies, Inc.), Office Lease (Choice Hotels International Inc /De)
Recognition and Attornment. Upon Successor Landlord taking title to the Property (i) Successor Landlord shall be bound to Tenant under all the terms and conditions of the Lease (except as provided in this Agreement); (ii) Tenant shall recognize and attorn to Successor Landlord as Tenant's ’s direct landlord under the Lease as affected by this Agreement; and (iii) the Lease shall continue in full force and effect as a direct lease, in accordance with its terms (except as provided in this Agreement), between Successor Landlord and Tenant. Tenant hereby acknowledges notice that pursuant to the Mortgage and assignment of rents, leases and profits, Landlord has granted to the Mortgagee an absolute, present assignment of the Lease and Rents which provides that Tenant continue making payments of Rents and other amounts owed by Tenant under the Lease to the Landlord and to recognize the rights of Landlord under the Lease until notified otherwise in writing by the Mortgagee. After receipt of such notice from Mortgagee, the Tenant shall thereafter make all such payments directly to the Mortgagee or as the Mortgagee may otherwise direct, without any further inquiry on the part of the Tenant. Landlord consents to specifically agrees that Tenant may conclusively rely upon any written notice Tenant receives from Mortgagee notwithstanding any claim by Landlord contesting the foregoing validity of any term or condition of such notice, including, but not limited to, any default claimed by Mortgagee, and waives that Landlord shall not make any right, claim or demand which Landlord may have of any kind whatsoever against Tenant by reason of such payments or Tenant’s leasehold interest with respect to any amounts paid to Mortgagee by Tenant or any acts performed by Tenant pursuant to such written notice and such amounts paid to Mortgagee shall be credited to amounts due under the Lease as Mortgagee directsif such amounts were paid directly to Landlord.
Appears in 2 contracts
Sources: Master Land and Building Lease (Getty Realty Corp /Md/), Master Land and Building Lease (Getty Realty Corp /Md/)
Recognition and Attornment. Upon Successor Landlord taking title to the Property (i) Successor Landlord shall be bound to Tenant under all the terms and conditions of the Lease (except as provided in this Agreement); (ii) Tenant shall recognize and attorn to Successor Landlord as Tenant's ’s direct landlord under the Lease as affected by this Agreement; and (iii) the Lease shall continue in full force and effect as a direct lease, in accordance with its terms (except as provided in this Agreement), between Successor Landlord and Tenant. Tenant hereby acknowledges notice that that, pursuant to the Mortgage and assignment of rents, leases and profits, Landlord has granted to the Mortgagee an absolute, present assignment of the Lease and Rents which provides that Tenant continue making payments of Rents and other amounts owed by Tenant under the Lease to the Landlord and to recognize the rights of Landlord under the Lease until notified otherwise in writing by the Mortgagee. After receipt of such notice from Mortgagee, the Tenant shall thereafter make all such payments directly to the Mortgagee or as the Mortgagee may otherwise direct, without any further inquiry on the part of the Tenant. Landlord consents to specifically agrees that Tenant may EXHIBIT C MASTER LAND AND BUILDING LEASE conclusively rely upon any written notice Tenant receives from Mortgagee notwithstanding any claim by Landlord contesting the foregoing validity of any term or condition of such notice, including, but not limited to, any default claimed by Mortgagee, and waives that Landlord shall not make any right, claim or demand which Landlord may have of any kind whatsoever against Tenant by reason of such payments or Tenant’s leasehold interest with respect to any amounts paid to Mortgagee by Tenant or any acts performed by Tenant, pursuant to such written notice, and such amounts paid to Mortgagee shall be credited to amounts due under the Lease as Mortgagee directsif such amounts were paid directly to Landlord.
Appears in 2 contracts
Sources: Master Land and Building Lease (Forterra, Inc.), Master Land and Building Lease (Forterra, Inc.)
Recognition and Attornment. Upon Successor Landlord taking title If ▇▇▇▇▇▇ succeeds to the Property (i) Successor interest of Landlord shall be bound to Tenant under all the terms and conditions of Lease, the Lease (except as provided in this Agreement); (ii) and all terms therein and the rights of Tenant shall recognize and attorn to Successor Landlord as Tenant's direct landlord under the Lease as affected by this Agreement; and (iii) the Lease thereunder shall continue in full force and effect as a direct leaseand shall not be altered, in accordance with its terms (except as provided in this Agreement)terminated, between Successor Landlord and Tenantdisaffirmed or disturbed. Tenant hereby acknowledges notice that pursuant and Lender shall be bound to each other under all of the Mortgage terms, covenants, and assignment of rents, leases and profits, Landlord has granted to the Mortgagee an absolute, present assignment conditions of the Lease for the balance of the term of the Lease with the same force and Rents which provides effect as if Lender were the landlord under the Lease. In such event, Tenant shall attorn to Lender as its landlord immediately upon ▇▇▇▇▇▇ succeeding to the interest of Landlord under the Lease, and providing Tenant with written notice thereof. Such attornment shall be effective and self-operative without the execution of any other instruments on the part of Lender or Tenant. However, Tenant shall be under no obligation to pay any monetary obligation or perform any other duty set forth in the Lease to Lender unless and until ▇▇▇▇▇▇ receives written notice from ▇▇▇▇▇▇ that ▇▇▇▇▇▇ has succeeded to the interest and assumed the future obligations of Landlord under the Lease. Upon receipt by Tenant continue making of such notice from Lender, Tenant shall make all payments of Rents and other amounts owed due by Tenant under the Lease to the Landlord and to recognize the rights of Landlord under the Lease until notified otherwise Lender or as Lender may in writing by the Mortgagee. After receipt of such notice from Mortgagee, the direct and Tenant shall thereafter make all be relieved from any further obligations to remit rental or any other monetary sum to Landlord. The respective rights and obligations of Tenant and Lender upon such payments directly attornment, to the Mortgagee or as the Mortgagee may otherwise direct, without any further inquiry on the part extent of the Tenant. Landlord consents to then remaining balance of the foregoing Term, shall be and waives any right, claim or demand which Landlord may have against are the same as are then set forth in the Lease between Tenant by reason of such payments to Mortgagee or as Mortgagee directsand Landlord.
Appears in 2 contracts
Sources: Lease Agreement, Full Service Office Lease
Recognition and Attornment. Upon Successor Landlord taking title to the Property (i) Successor Landlord shall be bound to Tenant under all the terms and conditions of the Lease (except as provided in this Agreement); (ii) Tenant shall shall, subject to the terms of this Agreement, recognize and attorn to Successor Landlord as Tenant's ’s direct landlord under the Lease as affected by this Agreement; and (iii) the Lease shall continue in full force and effect as a direct lease, in accordance with its terms (except as provided in this Agreement), between Successor Landlord and Tenant. Tenant hereby acknowledges notice that pursuant to the Mortgage Deed of Trust and assignment of rents, leases and profits, Landlord has granted to the Mortgagee Lender an absolute, present assignment of the Lease and Rents which provides that Tenant continue making payments of Rents and other amounts owed by Tenant under the Lease to or at the direction of the Landlord and to recognize the rights of Landlord under the Lease until notified otherwise in writing by the MortgageeLender. After receipt of such notice from MortgageeLender, the Tenant shall thereafter make all such payments directly to the Mortgagee Lender or as the Mortgagee Lender may otherwise direct, without any further inquiry on the part of the Tenant. Landlord consents to the foregoing and waives any right, claim or demand which Landlord may have against Tenant by reason of such payments to Mortgagee Lender or as Mortgagee Lender directs.
Appears in 1 contract
Sources: Lease Agreement (Cerus Corp)
Recognition and Attornment. Upon Successor Landlord taking title to the Property (i) Successor Landlord shall be bound to Tenant under all the terms and conditions of the Lease (except as provided in this Agreement); (ii) Tenant shall recognize and attorn to Successor Landlord as Tenant's ’s direct landlord under the Lease as affected by this Agreement; and (iii) the Lease shall continue in full force and effect as a direct lease, in accordance with its terms (except as provided in this Agreement), between Successor Landlord and Tenant. Tenant hereby acknowledges notice that pursuant to the Mortgage and assignment of rents, leases and profits, Landlord has granted to the Mortgagee an absolute, present assignment of the Lease and Rents which provides that Tenant continue making payments of Rents and other amounts owed by Tenant under the Lease to the Landlord and to recognize the rights of Landlord under the Lease until notified otherwise in writing by the Mortgagee. After receipt of such notice from Mortgagee, the Tenant shall thereafter make all such payments directly to the Mortgagee or as the Mortgagee may otherwise direct, without any further inquiry on the part of the Tenant. Landlord consents to the foregoing and waives any right, claim or demand which Landlord may have against Tenant by reason of such payments to Mortgagee or as Mortgagee directs. Mortgagee and Landlord agree that any payments made to the Mortgagee shall be credited to Tenant under the Lease as if Tenant had made such payments directly to Landlord regardless of whether Mortgagee had the right to make such demand and regardless of any contrary demands which may hereafter be made by Landlord.
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Recognition and Attornment. Upon Successor Landlord taking title to the Property (i) Successor Landlord shall be bound to Tenant under all the terms and conditions of the Lease (except as provided in this Agreement); (ii) Tenant shall recognize and attorn to Successor Landlord as Tenant's ’s direct landlord under the Lease as affected by this Agreement; and (iii) the Lease shall continue in full force and effect as a direct lease, in accordance with its terms (except as provided in this Agreement), between Successor Landlord and Tenant. Administrative Agent hereby notifies Tenant, and Tenant hereby acknowledges notice that acknowledges, that, pursuant to the Mortgage and assignment of rents, leases and profits, Landlord has granted to the Mortgagee Administrative Agent an absolute, present assignment of the Lease and Rents which provides that Tenant continue making payments of Rents and other amounts owed by Tenant under the Lease to or at the direction of the Landlord and to recognize the rights of Landlord under the Lease until notified otherwise in writing by the MortgageeAdministrative Agent. After receipt of such notice from MortgageeAdministrative Agent, the Tenant shall thereafter make all such payments directly to the Mortgagee Administrative Agent or as the Mortgagee Administrative Agent may otherwise direct, without any further inquiry on the part of the Tenant. Landlord Landlord, by its signature hereon, consents to the foregoing and waives any right, claim or demand which Landlord may have against Tenant by reason of such payments to Mortgagee Administrative Agent or as Mortgagee Administrative Agent directs.
Appears in 1 contract
Sources: Lease Agreement (Exicure, Inc.)
Recognition and Attornment. Upon Successor Landlord taking title If ▇▇▇▇▇▇ succeeds to the Property (i) Successor interest of Landlord shall be bound to Tenant under all the terms and conditions of Lease, the Lease (except as provided in this Agreement); (ii) and all terms therein and the rights of Tenant shall recognize and attorn to Successor Landlord as Tenant's direct landlord under the Lease as affected by this Agreement; and (iii) the Lease thereunder shall continue in full force and effect as a direct leaseand shall not be altered, in accordance with its terms (except as provided in this Agreement)terminated, between Successor Landlord and Tenantdisaffirmed or disturbed. Tenant hereby acknowledges notice that pursuant and Lender shall be bound to each other under all of the Mortgage terms, covenants and assignment of rents, leases and profits, Landlord has granted to the Mortgagee an absolute, present assignment conditions of the Lease for the balance of the term thereof (including all renewal terms, the “Term”) with the same force and Rents which provides effect as if Lender were the landlord under the Lease. In such event, Tenant shall attorn to Lender as its landlord immediately upon receipt of written notice from ▇▇▇▇▇▇ that ▇▇▇▇▇▇ has succeeded to the interest and assumed the future obligations of Landlord under the Lease. Such attornment shall be effective and self-operative without the execution of any other instruments on the part of Lender or Tenant. Upon receipt by Tenant continue making of such notice from Lender, Tenant shall make all payments of Rents and other amounts owed due by Tenant under the Lease to the Landlord and to recognize the rights of Landlord under the Lease until notified otherwise Lender or as Lender may in writing by the Mortgagee. After receipt of such notice from Mortgagee, the direct and Tenant shall thereafter make all be relieved from any further obligations to remit rental or any other monetary sum to Landlord. The respective rights and obligations of Tenant and Lender upon such payments directly attornment, to the Mortgagee or as the Mortgagee may otherwise direct, without any further inquiry on the part extent of the Tenant. Landlord consents to then-remaining balance of the foregoing Term, shall be and waives any right, claim or demand which Landlord may have against are the same as are then set forth in the Lease between Tenant by reason of such payments to Mortgagee or as Mortgagee directsand Landlord.
Appears in 1 contract
Recognition and Attornment. Upon Successor Landlord taking title to the Property (i) Successor Landlord shall be bound to Tenant under all the terms and conditions of the Lease (except as provided in this Agreement)Lease; (ii) Tenant shall recognize and attorn to Successor Landlord as Tenant's ’s direct landlord under the Lease as affected by this AgreementLease; and (iii) the Lease shall continue in full force and effect as a direct lease, in accordance with its terms (except as provided in this Agreement)terms, between Successor Landlord and Tenant. Tenant hereby acknowledges notice that pursuant to the Mortgage and assignment of rents, leases and profits, Landlord has granted to the Mortgagee an absolute, present assignment of the Lease and Rents which provides that Tenant continue making payments of Rents and other amounts owed by Tenant under the Lease to the Landlord and to recognize the rights of Landlord under the Lease until notified otherwise in writing by the Mortgagee. After receipt of such notice from Mortgagee, the Tenant shall thereafter make all such payments directly to the Mortgagee or as the Mortgagee may otherwise direct, without any further inquiry on the part of the Tenant. Landlord consents to the foregoing and waives any right, claim or demand which Landlord may have against Tenant by reason of such payments to Mortgagee or as Mortgagee directs.
Appears in 1 contract
Sources: Subordination, Non Disturbance and Attornment Agreement (Tivo Inc)
Recognition and Attornment. Upon Successor Landlord taking title to the Property (i) Successor Landlord shall be bound to Tenant under all the terms and conditions of the Lease (except as provided in this Agreement); (ii) Tenant shall recognize and attorn to Successor Landlord as Tenant's ’s direct landlord under the Lease as affected by this Agreement; and (iii) the Lease shall continue in full force and effect as a direct lease, in accordance with its terms (except as provided in this Agreement), between Successor Landlord and Tenant. Tenant hereby acknowledges notice that pursuant to the Mortgage and assignment of rents, leases and profits, Landlord has granted to the Mortgagee Lender an absolute, present assignment of the Lease and Rents which provides that Tenant continue making payments of Rents and other amounts owed by Tenant under the Lease to or at the direction of the Landlord and to recognize the rights of Landlord under the Lease until notified otherwise in writing by the MortgageeLender. After receipt of such notice from MortgageeLender, the Tenant shall thereafter make all such payments directly to the Mortgagee Lender or as the Mortgagee Lender may otherwise direct, without any further inquiry on the part of the Tenant. Landlord consents to the foregoing and waives any right, claim or demand which Landlord may have against Tenant by reason of such payments to Mortgagee Lender or as Mortgagee Lender directs.
Appears in 1 contract
Recognition and Attornment. Upon Successor Landlord taking title to the Property (i) Successor Landlord shall be bound to Tenant under all the terms and conditions of the Lease (except as provided in this Agreement); (ii) Tenant shall recognize and attorn to Successor Landlord as Tenant's direct landlord under the Lease as affected by this Agreement; and (iii) the Lease shall continue in full force and effect as a direct lease, in accordance with its terms (except as provided in this Agreement), between Successor Landlord and Tenant. Tenant hereby acknowledges notice that pursuant to the Mortgage and assignment of rents, leases and profits, Landlord has granted to the Mortgagee an absolute, present assignment of the Lease and Rents which provides that Tenant continue making payments of Rents and other amounts owed by Tenant under the Lease to the Landlord and to recognize the rights of Landlord under the Lease until notified otherwise in writing by the Mortgagee. After receipt of such notice from Mortgagee, the Tenant shall thereafter to make all such payments directly to the Mortgagee or as the Mortgagee may otherwise direct, without any further inquiry on the part of the Tenant. Landlord consents to the foregoing and waives any right, claim or demand which Landlord may have against Tenant by reason of such payments to Mortgagee or as Mortgagee directs.
Appears in 1 contract
Sources: Lease Agreement (Labone Inc/)
Recognition and Attornment. Upon Successor Landlord taking title to the Property (i) Successor Landlord shall be bound to Tenant under all the terms and conditions of the Lease (except as provided in this Agreement); (ii) Tenant shall recognize and attorn to Successor Landlord as Tenant's ’s direct landlord under the Lease as affected by this Agreement; and (iii) the Lease shall continue in full force and effect as a direct lease, in accordance with its ________________________________________________________________________________________________________________________ terms (except as provided in this Agreement), between Successor Landlord and Tenant. Tenant hereby acknowledges notice that pursuant to the Mortgage Deed of Trust and assignment of rents, leases and profits, Landlord has granted to the Mortgagee an absolute, present assignment of the Lease and Rents which provides that Tenant continue making payments of Rents and other amounts owed by Tenant under the Lease to the Landlord and to recognize the rights of Landlord under the Lease until notified otherwise in writing by the Mortgagee. After receipt of such notice from Mortgagee, the Tenant shall thereafter make all such payments directly to the Mortgagee or as the Mortgagee may otherwise direct, without any further inquiry on the part of the Tenant. Landlord consents to the foregoing and waives any right, claim or demand which Landlord may have against Tenant by reason of such payments to Mortgagee or as Mortgagee directs.
Appears in 1 contract
Sources: Loan Agreement (KBS Real Estate Investment Trust, Inc.)
Recognition and Attornment. Upon Successor Landlord taking title to the Property (i) Successor Landlord shall be bound to Tenant under all the terms and conditions of the Lease (except as provided in this Agreement); (ii) Tenant shall recognize and attorn to Successor Landlord as Tenant's ’s direct landlord under the Lease as affected by this Agreement; and (iii) the Lease shall continue in full force and effect as a direct lease, in accordance with its terms (except as provided in this Agreement), between Successor Landlord and Tenant. Tenant hereby acknowledges notice that pursuant to the Mortgage Deed of Trust and assignment of rents, leases and profits, Landlord has granted to the Mortgagee Administrative Agent an absolute, present assignment of the Lease and Rents which provides that Tenant continue making payments of Rents and other amounts owed by Tenant under the Lease to or at the direction of the Landlord and to recognize the rights of Landlord under the Lease until notified otherwise in writing by the MortgageeAdministrative Agent. After receipt of such notice from MortgageeAdministrative Agent, the Tenant shall thereafter make all such payments directly to the Mortgagee Administrative Agent or as the Mortgagee Administrative Agent may otherwise direct, without any further inquiry on the part of the Tenant. Landlord consents to the foregoing and waives any right, claim or demand which Landlord may have against Tenant by reason of such payments to Mortgagee Administrative Agent or as Mortgagee Administrative Agent directs.
Appears in 1 contract