LANDLORD MORTGAGES. 58 25.1 Landlord May Grant Liens . . . . . . . . . . . . . . . . . . . . 58 25.2 Tenant's Non-Disturbance Rights. . . . . . . . . . . . . . . . . 59 25.3
LANDLORD MORTGAGES. 61 25.1 Landlord May Grant Liens......................................................61 25.2 Tenant's Non-Disturbance Rights; Attornment...................................61 25.3
LANDLORD MORTGAGES. Subordination. Subject to Section 15.03, without the consent of Tenant, Landlord may, from time to time, directly or indirectly, create or otherwise cause to exist any liens, encumbrances, security interests or title retention agreements on any Leased Property, or any portion thereof or any interest therein, whether to secure any borrowing or other means of financing or refinancing. Tenant shall execute, acknowledge and deliver to Landlord, at any time and from time to time upon demand by Landlord or any mortgagee or any holder of any mortgage or other instrument described in this Section, without cost to Landlord, a Subordination and Non-Disturbance Agreement in the form attached hereto as Exhibit 15.02. which provides that (i) Tenant's rights hereunder are subordinate to any ground lease or underlying lease, first mortgage, first deed of trust, or other first lien against any Leased Property, together with any renewal, consolidation, extension, modification, or replacement thereof, which now or at any subsequent time affects any Leased Property or any interest of Landlord in any Leased Property, except to the extent that any such instrument expressly provides that this Lease is superior; and (ii) in the event such party succeeds to Landlord's interest under the Lease and provided that no Event of Default by Tenant exists, such party will not disturb Tenant's possession, use or occupancy of the subject Leased Property. If Tenant fails or refuses to execute, acknowledge and deliver such Subordination and Non-Disturbance Agreement within ten (10) days after such second written demand, then Landlord or such successor in interest may execute, acknowledge and deliver such Subordination and Non- Disturbance Agreement on behalf of Tenant as Tenant's attorney-in-fact. Tenant hereby constitutes and irrevocably appoints Landlord, its successors and assigns, as Tenant's attorney-in-fact to execute, acknowledge, and deliver on behalf of Tenant the Subordination and Non-Disturbance Agreement. This power of attorney is coupled with an interest and is irrevocable.
LANDLORD MORTGAGES. 57 25.1 LANDLORD MAY GRANT LIENS. . . . . . . . . . . . . . . . . . . . . 57 25.2 TENANT'S NON-DISTURBANCE RIGHTS . . . . . . . . . . . . . . . . . 58 25.3
LANDLORD MORTGAGES. 59 25.1 LANDLORD MAY GRANT LIENS . . . . . . . . . . . . . . . . . . . . 59 25.2 TENANT'S NON-DISTURBANCE RIGHTS. . . . . . . . . . . . . . . . . 59 25.3
LANDLORD MORTGAGES. 24.1 Landlord May Grant Liens. Subject to Section 24.2, 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. This Lease is and at all times shall be subject and subordinate to any ground or underlying leases, 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, 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 MORTGAGES. Landlord shall have the right, without any consent or approval by Tenant, to mortgage the fee interest in the Demised Premises at any time and from time to time, provided, however, that in no event shall the outstanding amount of any indebtedness secured by such mortgage exceed $500,000. The covenant of Landlord set forth in the immediately preceding sentence shall survive the Termination Date and shall remain in full force and effect until Landlord has paid all amounts due and payable to Tenant under the promissory note provided for in Article VI(d). Any mortgage by Landlord affecting the fee interest in the Demised Premises shall always be subject and subordinate to this Lease.
LANDLORD MORTGAGES. Tenant acknowledges that at any time and from time to time during the Lease Term, Landlord and/or District shall have the right to mortgage, pledge, deed in trust, assign rents, issues and profits, collaterally assign, and/or otherwise encumber the leasehold interest of Landlord in the Master Lease and the interest of Landlord in this Lease and to assign or pledge assignment of the same as security for any debt (the holder of any such mortgage, pledge or other encumbrance and the beneficiary of any such deed of trust or assignment being referred to in this Lease as a “Landlord Mortgagee” and the mortgage, pledge, deed of trust, assignment or other instrument referred to in this Lease as a “Landlord Mortgage”), upon and subject to each and all of the following terms and conditions:
LANDLORD MORTGAGES. This LEASE is subject to and subordinate to all Mortgages and any renewal, modification, consolidation, replacement and extension of any mortgage at any time affecting the LEASED PREMISES, and any Assignments of Rents and Leases executed in connection therewith provided that all mortgagees agree to permit Lessee its quiet enjoyment of the Leased Premises and its continued operation under the terms of the Lease if Lessee is not in default of the Lease. Further, no action to protect the interest of any Mortgagee owning any Mortgage on the LEASED PREMISES, whether by foreclosure or otherwise, shall result in the cancellation or termination of this LEASE or the obligation of the LESSEE under this LEASE, and if no election is made to cancel and terminate the LEASE, then the LESSEE shall attorn to the holder of the Mortgage as the case may be.
LANDLORD MORTGAGES. At the option of Landlord, this lease shall be subordinated to the lien of any mortgage or deed of trust (hereinafter called 'mortgagee') which Landlord may place on the Leased Premises. Upon Landlord's request, Tenant shall execute any instrument which may be required to effectuate such a subordination, provided Landlord shall first have delivered to Tenant recordable agreement signed by the mortgagee(s) providing in substance that, as long as Tenant shall discharge its obligations under this Lease: (A) its tenancy shall not be disturbed;
