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: Acceptance Agreement (Oplink Communications Inc), Lease (Vnus Medical Technologies Inc), Lease (New Focus Inc)

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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: United Defense Lp, 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: Standard Lease Agreement (Socket Communications Inc)

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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 (United Defense Lp)

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