Common use of Financing of Capital Additions Clause in Contracts

Financing of Capital Additions. Tenant may arrange for financing for Capital Additions from a Lending Institution; provided, however, that (i) any security interests in any property of Tenant, including, without limitation, Tenant's leasehold interest in the Collective Leased Properties, shall be expressly and fully subordinated to this Agreement and to the interest of Landlord in the Collective Leased Properties and to the rights of any then or thereafter existing Facility Mortgagee; and (ii) Landlord shall have a right of first refusal to provide financing for Capital Additions in accordance with Section 6.6.

Appears in 4 contracts

Samples: Master Lease Agreement (Magellan Health Services Inc), Master Lease Agreement (Crescent Real Estate Equities Inc), Master Lease Agreement (Magellan Health Services Inc)

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