Common use of Landlord May Grant Liens Clause in Contracts

Landlord May Grant Liens. Subject to Section 26.2, without the consent of Tenant, Landlord may, from time to time, directly or indirectly, create or otherwise cause to exist any lien, encumbrance or title retention agreement ("Landlord's Encumbrance") upon the Leased Property, or any portion thereof or interest therein, whether to secure any borrowing or other means of financing or refinancing. Subject to Tenant's non-disturbance rights described in Section 26.2 and to the other terms of this Article 26, this Lease is and at all times shall be subject and subordinate to any ground or underlying leases and the lien, terms, conditions and provisions of, and to each and every advance heretofore or hereafter made under, any Facility Mortgages or other mortgages, trust deeds or like encumbrances, which may now or hereafter affect the Leased Property and to all renewals, modifications, consolidations, replacements and extensions of any such lease, Facility Mortgage, other mortgage, trust deed or like encumbrance. This clause shall be self-operative and no further instrument of subordination shall be required by any ground or underlying lessor or by any mortgagee or beneficiary, affecting any lease or the Leased Property. In confirmation of such subordination, Tenant shall execute promptly any certificate that Landlord may request for such purposes.

Landlord May Grant Liens. Subject to Section 26.224.2, without the ------------------------ ------------ consent of Tenant, . Landlord may, from time to time, directly or indirectly, create or otherwise cause to exist any lien, encumbrance or title retention agreement ("Landlord's Encumbrance") upon the Leased Property, or any portion ---------------------- thereof or interest therein, whether to secure any borrowing or other means of financing or refinancing. Subject to Tenant's non-disturbance rights described in Section 26.2 and to the other terms of this Article 26, this This Lease is and at all times shall be subject and subordinate to any ground or underlying leases and the lienleases, terms, conditions and provisions of, and to each and every advance heretofore or hereafter made under, any Facility Mortgages or other mortgages, trust deeds or like encumbrances, which may now or hereafter affect the Leased Property and to all renewals, modifications, consolidations, replacements and extensions of any such lease, Facility Mortgage, other mortgage, trust deed or like encumbrance. This clause shall be self-operative and no further instrument of subordination shall be required by any ground or underlying lessor or by any mortgagee or beneficiary, affecting any lease or the Leased Property. In confirmation of such subordination, Tenant shall execute promptly any certificate that Landlord may request for such purposes.

Landlord May Grant Liens. Subject to Section 26.225.2, without the consent of Tenant, Landlord may, from time to time, directly or indirectly, create or otherwise cause to exist any lien, encumbrance or title retention agreement ("Landlord's Encumbrance") Encumbrance upon the Leased Property, or any portion thereof or interest therein, whether to secure any borrowing or other means of financing or refinancing. Subject to Tenant's non-disturbance rights described in Section 26.2 and to the other terms of this Article 26, this This Lease is and at all times shall be subject and subordinate to any ground or underlying leases and the lienleases, terms, conditions and provisions of, and to each and every advance heretofore or hereafter made under, any Facility Mortgages or other mortgages, trust deeds or like encumbrances, which may now or hereafter affect the Leased Property and to all renewals, modifications, consolidations, replacements and extensions of any such lease, Facility Mortgage, other mortgage, trust deed or like encumbrance, provided the holder of any such subsequently executed ground or underlying leases, mortgages, trust deeds or like encumbrances executes a subordination non-disturbance agreement acknowledging and agreeing to be bound by Section 25.2 below, and agreeing to recognize Tenant as tenant under this Lease in accordance with the terms and provisions hereof. This clause shall be self-operative and no further instrument of subordination shall be required by any ground or underlying lessor or by any mortgagee or beneficiary, affecting any lease or the Leased Property. In confirmation of such subordination, Tenant shall execute promptly any certificate that Landlord may request for such purposes.

Landlord May Grant Liens. Subject to Section 26.224.2, without the ------------------------ ------------ consent of Tenant, Landlord may, from time to time, directly or indirectly, create or otherwise cause to exist any lien, encumbrance or title retention agreement ("Landlord's ---------- Encumbrance") upon the Leased Property, or any portion thereof or interest ----------- therein, whether to secure any borrowing or other means of financing or refinancing. Subject to Tenant's non-disturbance rights described in Section 26.2 and to the other terms of this Article 26, this This Lease is and at all times shall be subject and subordinate to any ground or underlying leases and the lienleases, terms, conditions and provisions of, and to each and every advance heretofore or hereafter made under, any Facility Mortgages or other mortgages, trust deeds or like encumbrances, which may now or hereafter affect the Leased Property and to all renewals, modifications, consolidations, replacements and extensions of any such lease, Facility Mortgage, other mortgage, trust deed or like encumbrance, except that the provisions in this Lease governing the apportionment and distribution of condemnation awards and proceeds of insurance following damage to, or destruction of, the Leased Property shall remain superior to the foregoing. This clause shall be self-self- operative and no further instrument of subordination shall be required by any ground or underlying lessor or by any mortgagee or beneficiary, affecting any lease or the Leased Property. In confirmation of such subordination, Tenant shall execute promptly any certificate that Landlord may request for such purposes.

Landlord May Grant Liens. Subject to Section 26.2, without Without the consent of Tenant, Landlord may, from time to time, directly or indirectly, create or otherwise cause to exist any lien, encumbrance or title retention agreement ("Landlord's Encumbrance") upon the Leased Property, or any portion thereof or interest therein, whether to secure any borrowing or other means of financing or refinancingrefinancing or other obligation of Landlord. Subject to Tenant's non-disturbance rights described in Section 26.2 and to the other terms of this Article 26, this This Lease is and at all times shall be subject and subordinate to any ground or underlying leases and the lienleases, terms, conditions and provisions of, and to each and every advance heretofore or hereafter made under, any Facility Mortgages or other mortgages, trust deeds or like encumbrances, which may now or hereafter affect the Leased Property and to all renewals, modifications, consolidations, replacements and extensions of any such lease, Facility Mortgage, other mortgage, trust deed or like encumbrance. This clause shall be self-operative and no further instrument of subordination shall be required by any ground or underlying lessor or by any mortgagee or beneficiary, affecting any lease this Lease or the Leased Property, provided, however, the subordination of this Lease shall be subject to Tenant's receipt of a non-disturbance agreement reasonably acceptable to Tenant; provided, however, the subordination of this Lease shall be subject to Tenant's receipt of a non-disturbance agreement reasonably acceptable to Tenant. In confirmation of such subordination, Tenant shall execute promptly any certificate that Landlord may request for such purposes.