Attornment by Lessee Clause Samples
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Attornment by Lessee. Lessee agrees with Bank that if the interests of Borrower in the Premises shall be transferred to and owned by Bank or by any purchaser at a foreclosure sale by reason of foreclosure or other proceedings brought by Bank, or by any other manner, Lessee shall be bound to Bank or to such purchaser under all of the terms, covenants and conditions of the Lease for the balance of the term thereof remaining and any extensions or renewals thereof which may be effected in accordance with any option therefor in the Lease, with the same force and effect as if Bank or such purchaser were the lessor under the Lease, and Lessee hereby attorns to Bank or such purchaser as its lessor, said attornment to be effective and self-operative without the execution of any further instruments on the part of any of the parties thereto immediately upon Bank's or such purchaser's succeeding to the interest of Borrower in the Premises, as though the interest of Borrower had not terminated or such foreclosure proceedings had not been brought. If Bank shall, pursuant to any assignment of lessor's interest in the Lease, elect to require Lessee to pay to Bank the rental and other charges payable to Lessee under the Lease, Lessee shall, until Bank shall have cancelled such election, be similarly bound to Bank as its lessor and shall similarly attorn to Bank as its lessor.
Attornment by Lessee. In the event of the sale or assignment of Lessor's interest in the real property which constitutes the Leased Premises, or in the event any proceedings are brought for foreclosure, or in the event of the exercise of the power of sale under any mortgage or deed of trust made by Lessor covering the Leased Premises, Lessor shall be relieved of any continuing obligations under this Lease and Lessee shall attorn to the purchaser or assignee upon any such foreclosure or sale or assignment and recognize such purchaser or assignee as Lessor under this Lease, providing the purchaser or assignee assumes all of Lessor's obligations under the Lease and fully recognizes all of Lessee's rights herein.
Attornment by Lessee. In the event of the cancellation or termination of any or all ground or underlying leases affecting all or any part of the Building in accordance with its terms or by the surrender thereof, whether voluntary, involuntary or by operation of law, or by summary proceedings, or in the event of any foreclosure of any or all mortgages or deeds of trust encumbering all or any part of the Building by trustee's sale, voluntary agreement, deed in lieu of foreclosure, or by the commencement of any judicial action seeking foreclosure, Lessee, at the request of the then landlord under this Lease, shall attorn to and recognize (a) the ground or underlying lessor, under the ground or underlying lease being terminated or canceled, and (b) the beneficiary or purchaser at the foreclosure sale, as Lessee's landlord under this Lease, and Lessee agrees to execute and deliver at any time upon request of such ground or underlying lessor, beneficiary, purchaser or their successors, any and all instruments to further evidence such attornment. Lessee hereby waives its right, if any, to elect to terminate this Lease or to surrender possession of the Premises in the event of any such cancellation or termination of such ground or underlying lease or foreclosure of any mortgage or deed of trust.
Attornment by Lessee. 2.1 ATTORN TO INVESTOR. Should the Investor or any other Foreclosure Purchaser (as defined in Section 2.3, below) acquire title to the Premises as the result of a foreclosure under the Deed of Trust, or a conveyance in lieu of foreclosure, or it Investor otherwise succeeds to the interest of the Borrower under the Lease, Lessee (a) will attorn to and recognize Investor as the substitute Lessor under the Lease and (b) shall be bound to Investor under all of the terms, covenants and conditions of the Lease for the balance of the term thereof, and any extensions or renewals thereof effected in accordance with the terms of the Lease, with the same force and effect as if Investor were the original Lessor under the Lease.
Attornment by Lessee. In the event the Mortgaged Property or any part thereof is hereafter occupied by a Lessee under a Lease, and in the event of any foreclosure hereunder, such Lessee shall, at the option of the purchaser of the Mortgaged Property as a result of the foreclosure, either (i) immediately surrender possession of the Mortgaged Property to such purchaser, or (ii) agree to attorn to and to execute an agreement reasonably satisfactory to such purchaser, which agreement shall recognize such purchaser as the owner of the Mortgaged Premises.
Attornment by Lessee. If any proceedings are brought for foreclosure of any mortgage, trust deed or other security device placed upon the Premises or Property, or if the Premises or Property are sold under such mortgage, trust deed or security device by the exercise of the power of sale, or if a deed in lieu of any such foreclosure is issued by Lessor, then Lessee shall, at the election of the mortgagee, beneficiary, secured party or purchaser, attorn to the mortgagee, beneficiary, secured party or purchaser upon any such foreclosure, sale or deed in lieu and recognize such mortgagee, beneficiary, secured party or purchaser as Lessor under this Lease. Any successor in interest to Lessor following foreclosure or conveyance in lieu thereof shall not be (i) liable for any act or omission of Lessor or any prior lessor or with respect to events occurring prior to acquisition of ownership; (ii) subject to any offsets or defenses which Lessee might have against any Lessor or any prior lessor; (iii) bound by prepayment by Lessee of more than one(1) month’s Fixed Minimum Rent; or (iv) bound to return the Security Deposit unless the same is received by such successor in interest.
Attornment by Lessee. Lessee agrees that if the holder of any Encumbrance or any Person claiming under said Encumbrance shall succeed to the interest of Lessor in this Lease, Lessee shall recognize and attorn to said holder as Lessor under the terms of this Lease. Lessee agrees that it will, upon the request of Lessor, execute, acknowledge and deliver any and all instruments necessary or reasonably requested by Lessor or its lender to give effect or notice of such attornment and failure of Lessee to execute any such document or instrument on demand shall constitute a default by Lessee under the terms of this Lease.
Attornment by Lessee. Lessee will attorn to and recognize the Successor Lessor as the substitute Lessor under the Lease, and shall be bound such Successor Lessor under all of the terms, covenants and conditions of the Lease for the balance of the term thereof, and any extensions or renewals thereof effected in accordance with the terms of the Lease.