Examples of Security Device in a sentence
Any Lender may elect to have this Lease and/or any Option granted hereby superior to the lien of its Security Device by giving written notice thereof to Lessee, whereupon this Lease and such Options shall be deemed prior to such Security Device, notwithstanding the relative dates of the documentation or recordation thereof.
Further, within sixty (60) days after the execution of this Lease, if requested by Xxxxxx, Landlord shall use commercially reasonable efforts to obtain a non-disturbance agreement from the holder of any pre-existing Security Device which is secured by the Premises.
Further, within 60 days after the execution of this Lease, Lessor shall, if requested by Lxxxxx, use its commercially reasonable efforts to obtain a Non-Disturbance Agreement from the holder of any pre-existing Security Device which is secured by the Premises.
Subject to the non-disturbance provisions of Paragraph 30.3, Xxxxxx agrees to attorn to a Lender or any other party who acquires ownership of the Premises by reason of a foreclosure of a Security Device, and that in the event of such foreclosure, such new owner shall not: (i) be liable for any act or omission of any prior Landlord or with respect to events occurring prior to acquisition of ownership, or (ii) be subject to any offsets or defenses which Tenant might have against any prior Landlord.