LANDLORD'S MORTGAGE. From time to time before or after the execution of this Lease, and before the termination of the Term thereof, the Landlord may execute a mortgage or trust deed in the nature of a mortgage of Landlord's interest in the Building. In such event:
A. This Lease and all rights of Tenant are subject and subordinate to any mortgage or mortgages, blanket or otherwise, which do now or may hereafter affect the Building, and to any and all renewals, modifications, consolidations, replacements, and extensions thereto. It is the intention of the parties that this provision be self-operative and that no further instrument shall be required to effect such subordination of this Lease. Tenant shall, however, upon demand at any time or times, execute, acknowledge, and deliver to Landlord, within ten (10) days after written request by Landlord, without expense to Landlord, any and all instruments that may be necessary or proper to subordinate this Lease, and all rights of Tenant hereunder to any such mortgage or to confirm or evidence such subordination; provided, however, the mortgagee shall agree to enter into a non-disturbance agreement with the Tenant, which agreement shall state that provided the Tenant is in full compliance with the terms and provisions of this Lease and has not committed an Event of Default (as defined hereinafter), the Lease shall remain in full force and effect and the possession of the Leased Premises by the Tenant shall not be disturbed.
B. Landlord agrees promptly to notify Tenant of the placing of any mortgage or trust deed against the Site or the Building, and Tenant agrees in the event of any act or omission by Landlord which would give Tenant the right to terminate this Lease, or to claim a partial or total eviction, Tenant shall not exercise any such right until it has notified in writing the holder of any mortgage which at the time shall be a lien on the Building, of such act or omission, and such holder is provided with a reasonable time not exceeding thirty (30) days to cure any such default.
C. Tenant covenants and agrees, in the event any proceedings are brought for the foreclosure of any such mortgage, to attorn to the purchaser upon any such foreclosure sale, if so requested to do so by such purchaser, and to recognize such purchaser as the Landlord under this Lease, provided Tenant is furnished with a non disturbance agreement, within thirty (30) days of the said purchase. Tenant agrees to execute and deliver, at any time and from ti...
LANDLORD'S MORTGAGE. 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 (“Mortgage”) upon the Leased Property, or any portion thereof or interest therein, whether to secure any borrowing or other means of financing or refinancing.
LANDLORD'S MORTGAGE. All provisions herein contained relative to the disposition of payments from insurance companies are subject to the requirement that, if any mortgagee who holds a mortgage on the Premises elects, in accordance with the terms of such mortgage, to require such insurance proceeds be paid to the mortgagee on account of the mortgage, then such payment shall be made, but in such event, Landlord must create the complete fund in the manner set forth in this Article to assure and complete the payment for the work of reconstruction or repair.
LANDLORD'S MORTGAGE. (a) Rights of Mortgagee. Tenant accepts this Lease xxxxxct and subordinate to any recorded mortgage or deed of trust lien presently existing or hereafter created upon the leased premises and to all existing recorded restrictions, covenants, easements and agreements with respect to the leased premises. Tenant agrees upon demand xx xxecute additional instruments subordinating this Lease as Landlord may require. If the interests of Landlord under this Lease shall be transferred by reason of foreclosure or other proceedings for enforcement of any first mortgage or deed of trust on the leased premises, Tenant shall be bound to the transferee (sometimes called the "Purchaser") under the terms, covenants and conditions of this Lease for the balance of the term remaining, including any extensions or renewals, with the same force and effect as if the Purchaser were Landlord under this Lease, and, if requested by the Purchaser and Purchaser agrees in writing xxx xx xxsturb Tenant's possession so long xx Xxnant is not in default of the Lease, Tenant agrees to attorn to thx Xxxxhaser, including the first mortgagee under any such mortgage if it be the Purchaser, as its Landlord.
LANDLORD'S MORTGAGE. 11 Paragraph 28. BROKERAGE......................................................11 Paragraph 29. PREPAID RENTAL AND SECURITY DEPOSIT............................11 Paragraph 30. MISCELLANEOUS..................................................11 Paragraph 31. ENTIRE AGREEMENT AND BINDING EFFECT............................13 EXHIBIT A LEASED PREMISES EXHIBIT B LAND EXHIBIT C RULES AND REGULATIONS EXHIBIT D PARKING EXHIBIT E WORK LETTER OFFICE LEASE AGREEMENT
LANDLORD'S MORTGAGE. 16 Paragraph 29. BROKERAGE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
LANDLORD'S MORTGAGE. 8 Law....................................................................... 8 Laws...................................................................... 8 Lease..................................................................... 1 Loss...................................................................... 1 Mortgage..................................................................
LANDLORD'S MORTGAGE. 8 Law..............................................................................................................
LANDLORD'S MORTGAGE. During the Term, none of Landlord's Financing may be modified or refinanced or any new loan made except in accordance with the following:
(a) The total mortgage indebtedness and encumbrances of any type against the Premises after the proposed refinancing or modification or new loan of Landlord's Financing does not exceed eighty percent (80%) of the fair market value of the Premises including any improvements being made with financing obtained for such construction or the loan balance in existence as of the effective date of this Lease, whichever is greater; and
(b) The effect of any such modification, refinancing or new loan does not result in an increase in principal and interest payable by Landlord during any Lease Year which exceeds Base Rent required to be paid by Tenant during any Lease Year.
LANDLORD'S MORTGAGE. If the Building and/or Leased Premises are at any time subject to a mortgage and/or mortgage and deed of trust, then in any instance in which Tenant gives notice to Landlord alleging default by Landlord hereunder, Tenant will also simultaneously give a copy of such notice to each Landlord's Mortgagee (provided Landlord or Landlord's Mortgagee shall have advised Tenant of the name and address of Landlord's Mortgagee) and each Landlord's Mortgagee shall have the right (but not obligation) to cure or remedy such default during the period that is permitted to Landlord in Paragraph 24.I. hereinabove, plus an additional period of thirty (30) days, and Tenant will accept such curative or remedial action (if any) taken by Landlord's Mortgagee with the same effect as if such action had been taken by Landlord. Tenant will, at such time or times as Landlord may request, sign a certificate stating whether this Lease is in full force and effect; whether any amendments or modifications exist; whether there are any defaults hereunder; and such other information and agreements as may be reasonably requested.
