Common use of LANDLORD’S SUBORDINATION Clause in Contracts

LANDLORD’S SUBORDINATION. Provided that Tenant is not in default hereunder, Landlord agrees to subordinate its lien on Tenant’s personal property to that of any bona fide third party lender providing financing which directly benefits Tenant’s operations in the Leased Premises. However, Landlord shall refuse and shall otherwise not be required to subordinate its lien or priority as to Tenant’s equipment or trade fixtures, and Landlord shall be entitled to refuse subordination if loans are not directly related to the Project.

LANDLORD’S SUBORDINATION. Provided that Tenant is not in default hereunder, Landlord agrees to subordinate sub ordinate its lien lie n on Tenant’s Tenant 's personal property to that of any bona fide bona-fid e third party lender providing financing which directly benefits benefit s Tenant’s 's operations in the Leased Premises. However, Landlord shall refuse and shall otherwise not be required to subordinate sub ordinate its lien or priority as to Tenant’s equipment 's equipment, trade fixtures or trade fixturespersona l property, and Landlord shall be entitled to refuse subordination if loans are not directly related to the ProjectLeased Premises.

LANDLORD’S SUBORDINATION. Provided that Tenant is not in default hereunder, Landlord agrees to subordinate its lien on Tenant’s personal property to that of any bona fide third party lender providing financing which directly benefits Tenant’s =s operations in the Leased Premises. However, Landlord shall refuse and shall otherwise not be required to subordinate its lien or priority as to Tenant’s equipment 's equipment, trade fixtures or trade fixturespersonal property, and Landlord shall be entitled to refuse subordination if loans are not directly related to the ProjectLeased Premises.

LANDLORD’S SUBORDINATION. Provided that Tenant is not in default hereunder, Landlord agrees to subordinate its lien on Tenant’s personal property to that of any bona bona-fide third party lender providing financing which directly benefits Tenant’s operations in the Leased Premises. However, Landlord shall refuse and shall otherwise not be required to subordinate its lien or priority as to Tenant’s equipment or trade fixtures, and Landlord shall be entitled to refuse subordination if loans are not directly related to the ProjectLeased Premises.