Common use of Landlord’s Financing Clause in Contracts

Landlord’s Financing. This Agreement shall be subordinate to any existing first mortgage, first deed of trust, ground lease, declaration of covenants, conditions, easements and restrictions and all renewals, modifications, amendments, consolidations, replacements and extensions of any such instruments. No documentation other than this Agreement shall be required to evidence such subordination. If the holder of any mortgage or deed of trust elects to have this Agreement superior to the lien of its mortgage or deed of trust and gives written notice of such election to Tenant, this Agreement shall be deemed prior to such mortgage or deed of trust. Tenant shall execute such documents as may reasonably be required by Landlord to confirm such subordination or priority within ten (10) days after request, provided that the lender concerned concurrently provides to Tenant a non-disturbance agreement. Tenant shall from time to time if so requested by Landlord and if doing so will not adversely affect Tenant’s interests under this Agreement, join with Landlord in amending this Agreement so as to meet the needs or requirements of any lender that is considering making or that has made a loan secured by all or any portion of Millrock South. Any sale, assignment or transfer of Landlord’s interest under this Agreement or in Millrock South, including any such disposition resulting from Landlord’s default under a debt obligation, shall be subject to this Agreement and Tenant shall attorn to Landlord’s successors and assigns and shall recognize such successors or assigns as Landlord under this Agreement, regardless of any rule of law to the contrary or absence of privity of contract, and such successors and assigns shall recognize this Agreement.

Landlord’s Financing. This Agreement shall be subordinate to any existing first mortgage, first deed of trust, ground lease, declaration of covenants, conditions, easements and restrictions and all renewals, modifications, amendments, consolidations, replacements and extensions of any such instruments. No documentation other than this Agreement shall be required to evidence such subordination. If the holder of any mortgage or deed of trust elects to have this Agreement superior to the lien of its mortgage or deed of trust and gives written notice of such election to Tenant, this Agreement shall be deemed prior to such mortgage or deed of trust. Tenant shall execute such documents as may reasonably be required by Landlord to confirm such subordination or priority within ten (10) days after request, provided that the lender concerned concurrently provides to Tenant a non-disturbance agreement. Tenant shall from time to time if so requested by Landlord and if doing so will not adversely affect Tenant’s interests under this Agreement, join with Landlord in amending this Agreement so as to meet the needs or requirements of any lender that is considering making or that has made a loan secured by all or any portion of Millrock SouthEast. Any sale, assignment or transfer of Landlord’s interest under this Agreement or in Millrock SouthEast, including any such disposition resulting from Landlord’s default under a debt obligation, shall be subject to this Agreement and Tenant shall attorn to Landlord’s successors and assigns and shall recognize such successors or assigns as Landlord under this Agreement, regardless of any rule of law to the contrary or absence of privity of contract, and such successors and assigns shall recognize this Agreement.

Landlord’s Financing. This Agreement This. Lease shall be subordinate to any existing or future first mortgage, first deed of trust, ground lease, declaration of covenants, conditions, easements and restrictions restrictions, declaration of planned unit development or declaration of condominium, and all renewals, modifications, amendments, consolidations, replacements and extensions of any such instruments. No documentation other than this Agreement Lease shall be required to evidence such subordination. If the holder of any mortgage or deed of trust elects to have this Agreement Lease superior to the lien of its mortgage or deed of trust and gives written notice of such election to Tenant, this Agreement Lease shall be deemed prior to such mortgage or deed of trust. Tenant shall execute such documents as which may reasonably be required by Landlord to confirm such subordination or priority within ten (10) days after request, provided that the lender concerned concurrently provides to Tenant a non-disturbance agreement. Tenant shall from time to time if so requested by Landlord and if doing so will not materially and adversely affect Tenant’s 's economic interests under this AgreementLease, join with Landlord in amending this Agreement Lease so as to meet the needs or requirements of any lender that is considering making or that has made a loan secured by all or any portion of Millrock Souththe Shopping Center. Any In the event of any sale, assignment or transfer of Landlord’s 's interest under this Agreement Lease or in Millrock Souththe Premises, including any such disposition resulting from Landlord’s default under a debt obligation, shall be subject to this Agreement and Tenant shall attorn to Landlord’s 's successors and assigns and shall recognize such successors or assigns as Landlord under this AgreementLease, regardless of any rule of law to the contrary or absence of privity of contract, and such successors and assigns shall recognize this Agreement.

Landlord’s Financing. This Agreement shall Lease will be subordinate to any existing or future first mortgage, first deed of trust, ground lease, lease and declaration of covenants, conditions, easements and restrictions encumbering the Premises, and all renewals, modifications, amendments, consolidations, replacements and extensions of any such instruments. No documentation other than this Agreement shall Lease will be required to evidence such subordination. If [f the holder of any mortgage or deed of trust mist elects to have this Agreement Lease superior to the lien of its mortgage or deed of trust and gives written notice of such election to Tenant, this Agreement shall Lease will be deemed prior to such mortgage or deed of trust. Tenant shall will execute such documents as may reasonably be required by Landlord to confirm such subordination or priority within ten (10l0) days after request, provided that the lender concerned concurrently provides to Tenant a non-disturbance agreement. Tenant shall will from time to time if so requested by Landlord and if doing so will not materially and adversely affect Tenant’s economic interests under this AgreementLease, join with Landlord in amending this Agreement Lease so as to meet the needs or requirements of any lender that is considering making or that has made a loan secured by all or any portion of Millrock Souththe Premises. Any sale, assignment or transfer of Landlord’s interest under this Agreement Lease or in Millrock Souththe Premises, including any such disposition resulting from Landlord’s default under a debt obligation, shall will be subject to this Agreement Lease and Tenant shall will attorn to Landlord’s successors and assigns and shall will recognize such successors or assigns as Landlord under this Agreement, Lease. regardless of any rule law of law to the contrary or absence of privity of contract, and such successors and assigns shall recognize this Agreement.