Improvements Financing Clause Samples

Improvements Financing. In the event Lessee obtains third party financing for the Improvements, Lessor acknowledges and agrees that Lessee may pledge as collateral to its lender the Improvements and Lessee's leasehold rights under this Ground Lease to secure its repayment obligations to the lender. These lender’s rights are subordinate to Lessor’s rights under this Ground Lease.