Example ContractsClausesintercompany subordination agreementVariants
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Subordination. This Lease shall be subject and subordinate to any bona fide present or future mortgage placed upon the Leased Property by Landlord, provided such mortgagee agrees in writing that the possession of Tenant during the remainder of the Lease Term shall not be disturbed despite any foreclosure or other action by such mortgagee, provided Tenant is not in default hereunder. As to any mortgage, security deed or deed of trust encumbering the Leased Property as of the date of this Lease, Landlord covenants to deliver such an agreement to Tenant, in form and substance reasonably acceptable to Tenant, within ten (10) days after the date of this Lease.

Subordination. This Lease and Tenant’s interest and rights hereunder are hereby made and shall be subject and subordinate at all times to the lien of any bona fide presentMortgage now existing or future mortgage placed uponhereafter created on or against the Leased Property by Landlord, provided such mortgagee agrees in writingProject or the Premises, and all amendments, restatements, renewals, modifications, consolidations, refinancing, assignments and extensions thereof, without the necessity of any further instrument or act on the part of Tenant; provided, however that theso long as there is no Default hereunder, Tenant’s right to possession of Tenant during the remainder of the Lease TermPremises shall not be disturbed despiteby the Holder of any foreclosure or other action by such mortgagee, providedMortgage. Tenant is not in default hereunder. Asagrees, at the election of the Holder of any such Mortgage, to attorn to any mortgage,such Holder. Tenant agrees upon demand to execute, acknowledge and deliver such instruments, confirming such subordination, and such instruments of attornment as shall be requested by any such Holder, provided any such instruments contain appropriate non-disturbance provisions assuring Tenant’s quiet enjoyment of the Premises as set forth in [Section 24] hereof. Notwithstanding the foregoing, any such Holder may at any time subordinate its Mortgage to this Lease, without Tenant’s consent, by notice in writing to Tenant, and thereupon this Lease shall be deemed prior to such Mortgage without regard to their respective dates of execution, delivery or recording and in that event such Holder shall have the same rights with respect to this Lease as though this Lease had been executed prior to the execution, delivery and recording of such Mortgage and had been assigned to such Holder. The term “Mortgage” whenever used in this Lease shall be deemed to include deeds of trust, security deed orassignments and any other encumbrances, and any reference to the “Holder” of a Mortgage shall be deemed to include the beneficiary under a deed of trust encumbering the Leased Property astrust. As of the date of this Lease, Landlord covenants to deliver such an agreement to Tenant, in form and substance reasonably acceptable to Tenant, within ten (10) days afterthere is no existing Mortgage encumbering the date of this Lease.Project.

Subordination. This Lease shall beis subject and subordinate to any bona fideall present and future ground or future mortgage placedmaster leases of the Project and to the lien of all mortgages or deeds of trust (collectively, “Security Instruments”) now or hereafter encumbering the Project, if any, and to all renewals, extensions, modifications, consolidations and replacements thereof, and to all advances made or hereafter to be made upon the Leased Property by Landlord, providedsecurity of any such mortgagee agreesSecurity Instruments, unless the holders of any such mortgages or deeds of trust, or the lessors under such ground or master leases (such holders and lessors are sometimes collectively referred to herein as “Holders”) require in writing that this Lease be superior thereto. Tenant shall, within fifteen (15) days of request to do so by Landlord, execute, acknowledge and deliver to Landlord such further instruments or assurances as Landlord may deem necessary or appropriate to evidence or confirm the possessionsubordination or superiority of Tenant during the remainder of thethis Lease Term shall not be disturbed despite any foreclosure or other action by such mortgagee, provided Tenant is not in default hereunder. As to any mortgage, security deed or deed of trust encumbering the Leased Property as of the date of this Lease, Landlord covenants to deliver such an agreement to Tenant, in form and substance reasonably acceptable to Tenant, within ten (10) days after the date of this Lease.Security Instrument.

Subordination. ThisTenant agrees that the Lease and all of the terms, covenants and provisions thereof and all rights, remedies and options of Tenant thereunder are and shall at all times continue to be subject and subordinate in all respects to any bona fide present or future mortgage placed upon the Leased Property by Landlord, provided such mortgagee agreesMortgage and to the lien thereof and all terms, covenants and conditions set forth in writing that the possession of Tenant duringMortgage including, without limitation, all renewals, increases, modifications, spreaders, consolidations, replacements and extensions thereof and to all sums secured thereby with the remaindersame force and effect as if the Mortgage had been executed, delivered and recorded prior to the execution and delivery of the Lease Term shall not be disturbed despite any foreclosure or other action by such mortgagee, provided Tenant is not in default hereunder. As to any mortgage, security deed or deed of trust encumbering the Leased Property as of the date of this Lease, Landlord covenants to deliver such an agreement to Tenant, in form and substance reasonably acceptable to Tenant, within ten (10) days after the date of this Lease.

Subordination. This Lease and Tenant’s interest and rights hereunder are hereby made and shall be subject and subordinate at all times to the lien of any bona fide presentMortgage now existing or future mortgage placed uponhereafter created on or against the Leased Property by Landlord, provided such mortgagee agrees in writingProject or the Premises, and all amendments, restatements, renewals, modifications, consolidations, refinancing, assignments and extensions thereof, without the necessity of any further instrument or act on the part of Tenant; provided, however that theso long as there is no Default hereunder, Tenant’s right to possession of Tenant during the remainder of the Lease TermPremises shall not be disturbed despiteby the Holder of any foreclosure or other action by such mortgagee, providedMortgage. Tenant is not in default hereunder. Asagrees, at the election of the Holder of any such Mortgage, to attorn to any mortgage, security deed or deed of trust encumbering the Leased Property as of the date of this Lease, Landlord covenantssuch Holder. Tenant agrees upon demand to execute, acknowledge and deliver such an agreement to Tenant, in form and substance reasonably acceptable to Tenant, within ten (10) days after the date of this Lease.instruments, confirming

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