Common use of At Landlord's election Clause in Contracts

At Landlord's election. this Lease shall become subject and subordinate to any Security Instrument created after the Effective Date. Notwithstanding such subordination, Tenant's right to quiet possession of the Premises shall not be disturbed so long as Tenant is not in default and performs all of its obligations under this Lease, unless this Lease is otherwise terminated pursuant to its terms.

Appears in 7 contracts

Samples: Lease (All American Semiconductor Inc), Lease Addendum (Adac Laboratories), Lease (Oplink Communications Inc)

AutoNDA by SimpleDocs

At Landlord's election. this Lease shall become subject and subordinate to any Security Instrument created after the Effective Commencement Date. Notwithstanding such subordination, Tenant's right to quiet possession of the Premises shall not be disturbed and the terms of this Lease shall not be modified so long as so Tenant is in not in default and performs all of its obligations under this Lease, unless this Lease is otherwise terminated pursuant to its terms.

Appears in 2 contracts

Samples: Lease (United Defense Lp), Lease (United Defense Lp)

At Landlord's election. this Lease shall become subject and subordinate to any Security Instrument created after the Effective Date. Notwithstanding such subordination, Tenant's right to quiet possession of the Premises shall not be disturbed so long as Tenant is not in default and performs all of its his obligations under this Lease, unless this Lease is otherwise terminated pursuant to its terms.

Appears in 1 contract

Samples: Lease Agreement (Socket Communications Inc)

AutoNDA by SimpleDocs

At Landlord's election. this Lease shall become subject and subordinate to any Security Instrument created after the Effective Commencement Date. Notwithstanding such subordination, Tenant's right to quiet possession of the Premises shall not be disturbed and the terms of this Lease shall not be modified so long as Tenant is not in default and performs all of its obligations under this Lease, unless this Lease is otherwise terminated pursuant to its terms.

Appears in 1 contract

Samples: Lease Agreement (United Defense Lp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!