Common use of Landlord Subordination Clause in Contracts

Landlord Subordination. (a) Borrowers shall use commercially reasonable efforts to cause to be delivered to Agent on or before September 30, 2013 (such date replacing the date of January 31, 2013 as set forth in the Fourth Amendment), or such later date as Agent may agree in its discretion, a Landlord's Subordination Agreement, in form and substance acceptable to Agent, for the leased premises located at 0000 Xxxxxxx Xxx, Xxxxxxxx, Xxxxxxxxxx whereby the landlord agrees to subordinate its Lien in the Collateral of Borrowers located at such location to the Lien of Agent and Lenders and provide Agent adequate access to such location. (b) Upon Agent's receipt of an executed copy of a Landlord Subordination Agreement described in clause (a) above at any time during the term of the Credit Agreement, Agent will remove the existing Landlord Reserve established by Agent under the definition of “Landlord Reserve” as set forth in the Credit Agreement for the leased premises located at 0000 Xxxxxxx Xxx, Xxxxxxxx, Xxxxxxxxxx.

Landlord Subordination. (a) On or before November 30, 2012 (or such later date as Agent may agree in its discretion), Borrowers shall use commercially reasonable efforts to cause to be delivered to Agent on or before September 30, 2013 (such date replacing the date of January 31, 2013 as set forth in the Fourth Amendment), or such later date as Agent may agree in its discretion, a Landlord's ’s Subordination Agreement, in form and substance acceptable to Agent, for the leased premises located at 0000 Xxxxxxx Xxx, Xxxxxxxx, Xxxxxxxxxx whereby the landlord agrees to subordinate its Lien in the Collateral of Borrowers located at such location to the Lien of Agent and Lenders and provide Agent adequate access to such location. (b) Upon Agent's ’s receipt of an executed copy of a Landlord Subordination Agreement described in clause (a) above at any time during the term of the Credit Agreement, Agent will remove the existing Landlord Reserve established by Agent under the definition of “Landlord Reserve” as set forth in the Credit Agreement for the leased premises located at 0000 Xxxxxxx Xxx, Xxxxxxxx, Xxxxxxxxxx.

Landlord Subordination. (a) On or before January 31, 2013 (or such later date as Agent may agree in its discretion), Borrowers shall use commercially reasonable efforts to cause to be delivered to Agent on or before September 30, 2013 (such date replacing the date of January 31, 2013 as set forth in the Fourth Amendment), or such later date as Agent may agree in its discretion, a Landlord's Subordination Agreement, in form and substance acceptable to Agent, for the leased premises located at 0000 Xxxxxxx Xxx, Xxxxxxxx, Xxxxxxxxxx whereby the landlord agrees to subordinate its Lien in the Collateral of Borrowers located at such location to the Lien of Agent and Lenders and provide Agent adequate access to such location. (b) Upon Agent's receipt of an executed copy of a Landlord Subordination Agreement described in clause (a) above at any time during the term of the Credit Agreement, Agent will remove the existing Landlord Reserve established by Agent under the definition of “Landlord Reserve” as set forth in the Credit Agreement for the leased premises located at 0000 Xxxxxxx Xxx, Xxxxxxxx, Xxxxxxxxxx.

Landlord Subordination. (a) On or before August 15, 2012 (or such later date as Agent may agree in its discretion), Borrowers shall use commercially reasonable efforts to cause to be delivered to Agent on or before September 30, 2013 (such date replacing the date of January 31, 2013 as set forth in the Fourth Amendment), or such later date as Agent may agree in its discretion, a Landlord's ’s Subordination Agreement, in form and substance acceptable to Agent, for the leased premises located at 0000 Xxxxxxx Xxx, Xxxxxxxx, Xxxxxxxxxx whereby the landlord agrees to subordinate its Lien in the Collateral of Borrowers located at such location to the Lien of Agent and Lenders and provide Agent adequate access to such location. (b) Upon Agent's ’s receipt of an executed copy of a Landlord Subordination Agreement described in clause (a) above at any time during the term of the Credit Agreement, Agent will remove the existing Landlord Reserve rent reserve established by Agent under the definition of “Landlord ReserveEligible Finished Goods Inventory” as set forth in the Credit Agreement for the leased premises located at 0000 Xxxxxxx Xxx, Xxxxxxxx, Xxxxxxxxxx.