Subordination and Attornment. Upon request of the Lessor, Lessee will subordinate its rights hereunder to the lien of any mortgage now or hereafter in force against the property or any portion thereof, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property provided, however, that in such case the holder of such mortgage, or the Lessor under such Lease shall agree that this Lease shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or Lease, so long as the Lessee shall not be in default under the terms of this Lease. Lessee agrees that this Lease shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee shall, in the event of the sale or assignment of Lessor's interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale under any mortgage made by Lessor covering the Premises, attorn to the purchaser and recognize such purchaser as Lessor under this Lease.
Appears in 111 contracts
Sources: Percentage Rent Lease Agreement, Lease Agreement, Lease Agreement
Subordination and Attornment. Upon request of the Lessor, Lessee will subordinate its rights hereunder to the lien of any mortgage now or hereafter in force against the property or any portion thereof, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property provided, however, that in such case the holder of such mortgage, mortgage or the Lessor under such Lease Agreement shall agree that this Lease Agreement shall not be divested or in any way affected by foreclosure, or other default proceedings under the said mortgage, obligation secured thereby, or Leaseagreement, so long as the Lessee shall not be in default under the terms of this LeaseAgreement. Lessee agrees that this Lease Agreement shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee shall, in the event of the sale or assignment of Lessor's interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale under any mortgage made by Lessor covering the Premises, attorn to the purchaser and recognize such purchaser as Lessor under this LeaseAgreement.
Appears in 16 contracts
Sources: Commercial Lease Agreement, Commercial Lease Agreement, Commercial Lease Agreement
Subordination and Attornment. Upon request of the Lessor, Lessee will subordinate its rights hereunder to the lien of any mortgage now or hereafter in force against the property or any portion thereof, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property provided, however, that in such case the holder of such mortgage, or the Lessor under such Lease shall agree that this Lease shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or Lease, so long as the Lessee shall not be in default under the terms of this Lease. Lessee ▇▇▇▇▇▇ agrees that this Lease shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee shall, in the event of the sale or assignment of Lessor▇▇▇▇▇▇'s interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale under any mortgage made by Lessor covering the Premises, attorn to the purchaser and recognize such purchaser as Lessor under this Lease.
Appears in 8 contracts
Sources: Commercial Lease, Commercial Lease, Commercial Lease Agreement
Subordination and Attornment. Upon the request of the LessorLandlord/Landlady, Lessee the Tenant/s will subordinate its rights hereunder to the lien of any mortgage now or hereafter in force against the property or any portion thereof, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property provided. However, however, that in such case the holder of such mortgage, mortgage or the Lessor Landlord/Landlady under such Lease Agreement shall agree that this Lease Agreement shall not be divested or in any way affected by foreclosure, or other default proceedings under the said mortgage, obligation secured thereby, or Leaseagreement, so as long as the Lessee Tenant/s shall not be in default under the terms of this LeaseAgreement. Lessee agrees The Tenant/s agree/s that this Lease Agreement shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee The Tenant/s shall, in the event of the sale or assignment of Lessor's Landlord's/Landlady’s interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale under any mortgage made by Lessor the Landlord/Landlady covering the Premises, attorn to the purchaser and recognize such purchaser as Lessor Landlord/Landlady under this LeaseAgreement.
Appears in 5 contracts
Sources: Commercial Lease Agreement, Commercial Lease Agreement, Commercial Lease Agreement
Subordination and Attornment. Upon request of the LessorLandlord, Lessee Tenant will subordinate its rights hereunder to the lien of any mortgage now or hereafter in force against the property or any portion thereof, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property provided, however, that in such case the holder of such mortgage, mortgage or the Lessor Landlord under such Lease Agreement shall agree that this Lease Agreement shall not be divested or in any way affected by foreclosure, or other default proceedings under the said mortgage, obligation secured thereby, or Leaseagreement, so long as the Lessee Tenant shall not be in default under the terms of this LeaseAgreement. Lessee ▇▇▇▇▇▇ agrees that this Lease Agreement shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee Tenant shall, in the event of the sale or assignment of LessorLandlord's interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale under any mortgage made by Lessor Landlord covering the Premises, attorn to the purchaser and recognize such purchaser as Lessor Landlord under this LeaseAgreement.
Appears in 5 contracts
Sources: Commercial Lease Agreement, Commercial Lease Agreement, Commercial Lease Agreement
Subordination and Attornment. Upon request of the Lessor, Lessee will subordinate its rights hereunder to the lien of any mortgage now or hereafter in force against the property or any portion thereof, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property provided, however, that in such case the holder of such mortgage, mortgage or the Lessor under such Lease Agreement shall agree that this Lease Agreement shall not be divested or in any way affected by foreclosure, or other default proceedings under the said mortgage, obligation secured thereby, or Leaseagreement, so long as the Lessee shall not be in default under the terms of this LeaseAgreement. Lessee ▇▇▇▇▇▇ agrees that this Lease Agreement shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee shall, in the event of the sale or assignment of Lessor▇▇▇▇▇▇'s interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale under any mortgage made by Lessor covering the Premises, attorn to the purchaser and recognize such purchaser as Lessor under this LeaseAgreement.
Appears in 4 contracts
Sources: Industrial Commercial Lease Agreement, Commercial Lease Agreement, Commercial Lease Agreement
Subordination and Attornment. Upon request of the LessorTenant, Lessee Subtenant will subordinate its rights hereunder to the lien of any mortgage now or hereafter in force against the property or any portion thereof, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property property; provided, however, that in such case the holder of such mortgage, or the Lessor Tenant under such Lease Agreement, shall agree that this Lease Agreement shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or LeaseAgreement, so long as the Lessee Subtenant shall not be in default under the terms of this LeaseAgreement. Lessee Subtenant agrees that this Lease Agreement shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee Subtenant shall, in the event of the sale or assignment of LessorTenant's interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure ofof the Premises, or in the event of exercise of the power of sale under any mortgage made by Lessor Tenant covering the Premises, attorn to the purchaser and recognize such purchaser as Lessor Tenant under this LeaseAgreement.
Appears in 4 contracts
Sources: Office Sublease Agreement, Commercial Sublease Agreement, Commercial Sublease Agreement
Subordination and Attornment. Upon written request of the Lessor, or any first mortgages, first deed of trust beneficiary of Lessor or lessor of Lessor, Lessee will shall, in writing, subordinate its rights hereunder to the lien of any mortgage now first mortgage, first deed of trust, or hereafter the interest of any lease in force against the property or any portion thereofwhich Lessor is lessee, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property ; provided, however, that prior to executing any such subordination agreement, Lessee shall have the right to obtain from any lender or lessor of Lessor requesting such subordination, an agreement in such case the holder of such mortgage, or the Lessor under such Lease shall agree writing providing that this Lease shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or Lease, so as long as the Lessee shall is not be in default under the terms of this Lease. Lessee agrees that hereunder, this Lease shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured therebyfor the full Term hereof. Lessee shall, in the event of the sale or assignment of Lessor's interest in the building of which the Premises form a part, or in In the event of any proceedings brought for the foreclosure ofsale, transfer in lieu of foreclosure, or in the event of exercise termination of the power of sale under any mortgage made by Lease in which Lessor covering the Premisesis lessee, Lessee shall attorn to the purchaser purchaser, transferee, or lessor as the case may be, and recognize such purchaser party as the new Lessor under this Lease, provided that such party acquires and accept the Premises subject to this Lease.
Appears in 3 contracts
Sources: Commercial Lease (Lulu's Fashion Lounge Holdings, Inc.), Commercial Lease (Lulu's Fashion Lounge Holdings, Inc.), Commercial Lease (Lulu's Fashion Lounge Holdings, Inc.)
Subordination and Attornment. Upon request of the Lessor, Lessee will subordinate its rights hereunder to the lien of any mortgage now or hereafter in force against the property or any portion thereof, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property provided, however, that in such case the holder of such mortgage, or the Lessor under such Lease shall agree that this Lease shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or Lease, so long as the Lessee shall not be in default under the terms of this Lease. Lessee agrees that this Lease shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee shall, in the event of the sale or assignment of Lessor's interest in the building of which the Premises premises form a part, or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale under any mortgage made by Lessor covering the Premisespremises, attorn to the purchaser and recognize such purchaser as Lessor under this Lease.
Appears in 3 contracts
Sources: Commercial Lease Agreement (VESPER Corp), Commercial Lease Agreement, Commercial Lease Agreement
Subordination and Attornment. Upon request of the LessorSublandlord, Lessee Subtenant will subordinate its rights hereunder to the lien of any mortgage now or hereafter in force against the property or any portion thereof, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property property; provided, however, that in such case the holder of such mortgage, or the Lessor Sublandlord under such Lease Agreement, shall agree that this Lease Agreement shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or LeaseAgreement, so long as the Lessee Subtenant shall not be in default under the terms of this LeaseAgreement. Lessee Subtenant agrees that this Lease Agreement shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee Subtenant shall, in the event of the sale or assignment of LessorSublandlord's interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure ofof the Premises, or in the event of exercise of the power of sale under any mortgage made by Lessor Sublandlord covering the Premises, attorn to the purchaser and recognize such purchaser as Lessor Sublandlord under this LeaseAgreement.
Appears in 2 contracts
Sources: Commercial Sublease Agreement, Commercial Sublease Agreement
Subordination and Attornment. Upon request of the Lessor, Lessee will subordinate its rights hereunder to the lien of any mortgage now or hereafter in force against the property or any portion thereof, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property provided, however, that in such case the holder of such mortgage, or the Lessor under such Lease shall agree that this Lease shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or Lease, so long as the Lessee shall not be in default under the terms of this Lease. Lessee ▇▇▇▇▇▇ agrees that this Lease shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee shall, in the event of the sale or assignment of Lessor's ▇▇▇▇▇▇’s interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale under any mortgage made by Lessor covering the Premises, attorn to the purchaser and recognize such purchaser as Lessor under this Lease.
Appears in 2 contracts
Sources: Commercial Lease Agreement, Lease Agreement
Subordination and Attornment. Upon request of the LessorTenant, Lessee Subtenant will subordinate its rights hereunder to the lien of any mortgage now or hereafter in force against the property or any portion thereof, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property property; provided, however, that in such case the holder of such mortgage, or the Lessor Tenant under such Lease Agreement, shall agree that this Lease Agreement shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or LeaseAgreement, so long as the Lessee Subtenant shall not be in default under the terms of this LeaseAgreement. Lessee Subtenant agrees that this Lease Agreement shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee Subtenant shall, in the event of the sale or assignment of Lessor's Tenant’s interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure ofof the Premises, or in the event of exercise of the power of sale under any mortgage made by Lessor Tenant covering the Premises, attorn to the purchaser and recognize such purchaser as Lessor Tenant under this LeaseAgreement.
Appears in 2 contracts
Sources: Commercial Sublease Agreement (Sidus Space Inc.), Commercial Sublease Agreement (Sidus Space Inc.)
Subordination and Attornment. Upon request of the Lessor, Lessee will subordinate its rights hereunder to the lien of any mortgage now or hereafter in force against the property or any portion thereof, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property provided, however, that in such case the holder of such mortgage, mortgage or the Lessor under such Lease shall agree that this Lease shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or Lease, so long as the Lessee shall not be in default under the terms of this Lease. Lessee ▇▇▇▇▇▇ agrees that this Lease shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee shall, in the event of the sale or assignment of Lessor's ▇▇▇▇▇▇’s interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale under any mortgage made by Lessor covering the Premises, attorn to the purchaser and recognize such purchaser as Lessor under this Lease.. MISCELLANEOUS TERMS. A.
Appears in 1 contract
Sources: Restaurant Lease Agreement
Subordination and Attornment. Upon request of (a) This Lease and the Lessor, Lessee will subordinate its Tenant's rights hereunder shall automatically be subordinate to the lien of any mortgage or mortgages, or encumbrance resulting from any other method of financing or refinancing, now or hereafter in force against the property Airport or any portion part thereof, as now or hereafter constituted, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease and, upon the request of the property providedLandlord, however, that the Tenant shall execute such documents as may be required by the Landlord in order to confirm and evidence such case the holder of such mortgage, or the Lessor under such Lease shall agree that this Lease shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or Lease, so long as the Lessee shall not be in default under the terms of this Lease. Lessee agrees that this Lease shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee subordination.
(b) The Tenant shall, in the event any proceedings are brought, whether in foreclosure or by way of the sale or assignment of Lessor's interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale or otherwise, under any mortgage or other method of financing or refinancing made by Lessor covering the PremisesLandlord in respect of the Airport, attorn to the purchaser encumbrancer upon any such foreclosure or sale and recognize such purchaser encumbrancer as Lessor the Landlord under this Lease, should such encumbrancer so elect and require.
(c) No subordination or attornment as required by this Section 16.6 shall have the effect of disturbing the Tenant's occupation and possession of the Premises, provided that the Tenant is not in default hereunder and complies with all of the covenants, terms and conditions hereof.
Appears in 1 contract
Sources: Sub Lease
Subordination and Attornment. Upon request of the LessorLandlord, Lessee Tenant will subordinate its rights hereunder to the lien of any mortgage now or hereafter in force against the property or any portion thereof, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property provided, however, that in such case the holder of such mortgage, or the Lessor Landlord under such Lease shall agree that this Lease shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or Lease, so long as the Lessee Tenant shall not be in default under the terms of this Lease. Lessee ▇▇▇▇▇▇ agrees that this Lease shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee Tenant shall, in the event of the sale or assignment of Lessor's Landlord’s interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale under any mortgage made by Lessor Landlord covering the Premises, attorn to the purchaser and recognize such purchaser as Lessor Landlord under this Lease.
Appears in 1 contract
Sources: Commercial Lease Agreement (Toppoint Holdings Inc.)
Subordination and Attornment. Upon request of (a) The Lease and the Lessor, Lessee will Tenant's rights thereunder shall automatically be subordinate its rights hereunder to the lien of any mortgage or mortgages, or encumbrance resulting from any other method of financing or refinancing, now or hereafter in force against the property Airport or any portion part thereof, as now or hereafter constituted, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease and, upon the request of the property providedLandlord, however, that the Tenant shall execute such documents as may be required by the Landlord in order to confirm and evidence such case the holder of such mortgage, or the Lessor under such Lease shall agree that this Lease shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or Lease, so long as the Lessee shall not be in default under the terms of this Lease. Lessee agrees that this Lease shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee subordination.
(b) The Tenant shall, in the event any proceedings are brought, whether in foreclosure or by way of the sale or assignment of Lessor's interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale or otherwise, under any mortgage or other method of financing or refinancing made by Lessor covering the PremisesLandlord in respect of the Airport, attorn to the purchaser encumbrancer upon any such foreclosure or sale and recognize such purchaser encumbrancer as Lessor the Landlord under this LeaseAgreement, should such encumbrancer so elect and require.
(c) No subordination or attornment as required by this Section 15.4 shall have the effect of disturbing the Tenant's occupation and possession of the Lease Area, provided that the Tenant is not in default hereunder and complies with all of the covenants, terms and conditions hereof.
Appears in 1 contract
Sources: Land Lease Agreement
Subordination and Attornment. Upon request of the LessorLandlord, Lessee Tenant will subordinate its rights hereunder to the lien of any mortgage now or hereafter in force against the property or any portion thereof, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property provided, however, that in such case the holder of such mortgage, mortgage or the Lessor Landlord under such Lease Agreement shall agree that this Lease Agreement shall not be divested or in any way affected by foreclosure, or other default proceedings under the said mortgage, obligation secured thereby, or Leaseagreement, so long as the Lessee Tenant shall not be in default under the terms of this LeaseAgreement. Lessee Tenant agrees that this Lease Agreement shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee Tenant shall, in the event of the sale or assignment of LessorLandlord's interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale under any mortgage made by Lessor Landlord covering the Premises, attorn to the purchaser and recognize such purchaser as Lessor Landlord under this LeaseAgreement.
Appears in 1 contract
Sources: Commercial Lease Agreement
Subordination and Attornment. Upon request of the Lessor, Lessee ▇▇▇▇▇▇ will subordinate its rights hereunder to the lien of any mortgage now or hereafter in force against the property or any portion thereof, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property provided, however, that in such case the holder of such mortgage, or the Lessor under such Lease shall agree that this Lease shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or Lease, so long as the Lessee shall not be in default under the terms of this Lease. Lessee ▇▇▇▇▇▇ agrees that this Lease shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee shall, in the event of the sale or assignment of Lessor▇▇▇▇▇▇'s interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale under any mortgage made by Lessor covering the Premises, attorn to the purchaser and recognize such purchaser as Lessor under this Lease.
Appears in 1 contract
Sources: Commercial Lease
Subordination and Attornment. Upon request of the LessorUUAUB, Lessee the DIC will subordinate its rights hereunder to the lien of any mortgage now or hereafter in force against the property or any portion thereof, thereof and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease rent of the property provided, however, that in such case the holder of such mortgage, or the Lessor UUAUB under such Lease rent shall agree that this Lease the Rental Agreement shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or Lease, rental so long as the Lessee DIC shall not be in default under on the terms of this LeaseRental Agreement. Lessee The DIC agrees that this Lease Rental Agreement shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee The DIC shall, in the event of the sale or assignment of Lessor's UUAUB interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale under any mortgage made by Lessor UUAUB covering the Premises, attorn to the purchaser and recognize such purchaser as Lessor UUAUB under this LeaseRental Agreement.
Appears in 1 contract
Sources: Commercial Rental Agreement
Subordination and Attornment. Upon request of the LessorLandlord, Lessee Tenant will subordinate its rights hereunder to the lien of any mortgage now or hereafter in force against the property or any portion thereof, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property provided, however, that in such case the holder of such mortgage, or the Lessor Landlord under such Lease shall agree that this Lease shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or Lease, so long as the Lessee Tenant shall not be in default under the terms of this Lease. Lessee Tenant agrees that this Lease shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee Tenant shall, in the event of the sale or assignment of Lessor's Landlord’s interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale under any mortgage made by Lessor Landlord covering the Premises, attorn to the purchaser and recognize such purchaser as Lessor Landlord under this Lease.
Appears in 1 contract
Sources: Commercial Lease Agreement
Subordination and Attornment. Upon written request of the LessorLandlord, Lessee will and any Mortgagee or Deed of Trust beneficiary of the Landlord, Tenant will, in writing, subordinate its rights hereunder to the lien of any mortgage Mortgage or Deed of Trust, now or hereafter in force against the property land or building of which the Premises are a part and upon any portion thereofbuilding hereafter placed upon the land of which the premises are a part, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property provided, however, that in such case the holder of such mortgage, or the Lessor under such Lease shall agree that this Lease shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or Lease, so long as the Lessee shall document to be executed by Tenant provides that if it is not be in default under the terms of hereunder, this Lease. Lessee agrees that this Lease lease shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured therebyfor the full term hereof. Lessee shall, in In the event of the sale or assignment of Lessor's interest in the building of which the Premises form a part, any proceedings are brought for foreclosure or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale under any mortgage Mortgage or Deed of Trust made by Lessor the Landlord covering the Premises, the Tenant shall attorn to the purchaser upon any such foreclosure or Deed in lieu of the foreclosure or sale and recognize such purchaser as Lessor the Landlord under this Leaselease.
Appears in 1 contract
Subordination and Attornment. Upon request This Lease shall, at Landlord's option, be subordinate to any mortgage or deed of trust that may exist or hereafter be placed upon Shopping Center or any part thereof and to any and all advances to be made thereunder and to the Lessorinterest thereon and to all renewals, Lessee will replacements and extensions thereof. Tenant shall upon written demand by Landlord execute such instruments as may be required at any time and from time to time to subordinate its the rights hereunder and interests to Tenant under this Lease to the lien of any such mortgage now or hereafter in force against the property deed of trust, or if requested by Landlord, to subordinate any portion thereof, and such mortgage or deed of trust to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property providedthis Lease. Provided, however, that in such case the holder of such mortgage, or the Lessor under such Lease shall agree that this Lease shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or Lease, so long as the Lessee shall not be in default under the terms of this Lease. Lessee agrees that this Lease shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee Tenant shall, in the event of the sale or assignment of Lessor's interest in the building of which the Premises form a part, or in the event of any proceedings are brought for the foreclosure of, of any such mortgage or in the event deed of exercise of the power of sale under any mortgage made by Lessor covering the Premisestrust, attorn to the purchaser upon foreclosure sale or sale under power of sale, and shall recognize such purchaser as Lessor Landlord under this Lease, and, so long as Tenant is not in default hereunder no such foreclosure shall terminate this Lease or otherwise affect Tenant's rights hereunder.
Appears in 1 contract
Sources: Lease Agreement (Valley Bancorp)
Subordination and Attornment. Upon request of the Lessor, Lessee will subordinate its rights hereunder to the lien of any mortgage now or hereafter in force against the property or any portion thereof, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property provided, however, that in such case the holder of such mortgage, or the Lessor under such Lease shall agree that this Lease shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or Lease, so long as the Lessee shall not be in default under the terms of this Lease. Lessee agrees that this Lease shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee shall, in the event of the sale or assignment of Lessor's ’s interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale under any mortgage made by Lessor covering the Premises, attorn to the purchaser and recognize such purchaser as Lessor under this Lease.
Appears in 1 contract
Subordination and Attornment. Upon request of (a) This Lease and the Lessor, Lessee will Tenant's rights thereunder shall automatically be subordinate its rights hereunder to the lien of any mortgage or mortgages, or encumbrance resulting from any other method of financing or refinancing, now or hereafter in force against the property Airport or any portion part thereof, as now or hereafter constituted, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease and, upon the request of the property providedLandlord, however, that the Tenant shall execute such documents as may be required by the Landlord in order to confirm and evidence such case the holder of such mortgage, or the Lessor under such Lease shall agree that this Lease shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or Lease, so long as the Lessee shall not be in default under the terms of this Lease. Lessee agrees that this Lease shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee subordination.
(b) The Tenant shall, in the event any proceedings are brought, whether in foreclosure or by way of the sale or assignment of Lessor's interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale or otherwise, under any mortgage or other method of financing or refinancing made by Lessor covering the PremisesLandlord in respect of the Airport, attorn to the purchaser encumbrancer upon any such foreclosure or sale and recognize such purchaser encumbrancer as Lessor the Landlord under this Lease, should such encumbrancer so elect and require.
(c) No subordination or attornment as required by this Section 16.6 shall have the effect of disturbing the Tenant's occupation and possession of the Premises, provided that the Tenant is not in default hereunder and complies with all of the covenants, terms and conditions hereof.
Appears in 1 contract
Sources: Lease Agreement
Subordination and Attornment. Upon request of the LessorLandlord, Lessee Tenant will subordinate its rights hereunder to the lien of any mortgage now or hereafter in force against the property or any portion thereof, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property provided, however, that in such case the holder of such mortgage, or the Lessor Landlord under such Lease shall agree that this Lease shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or Lease, so long as the Lessee Tenant shall not be in default under the terms of this Lease. Lessee ▇▇▇▇▇▇ agrees that this Lease shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee Tenant shall, in the event of the sale or assignment of Lessor's Landlord’s interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale under any mortgage made by Lessor Landlord covering the Premises, attorn attorney to the purchaser and recognize such purchaser as Lessor Landlord under this Lease.
Appears in 1 contract
Sources: Commercial Lease Agreement (Tocca Life Holdings, Inc.)