Common use of LEASE SUBORDINATION AND ATTORNMENT Clause in Contracts

LEASE SUBORDINATION AND ATTORNMENT. This Lease is subject and subordinate to all ground or underlying leases and to all mortgages which may now or hereafter affect the building in which the premises are located, to all advances made thereunder and to all renewals, modifications, consolidations, replacements and extensions thereof. This provision shall be self-operative; provided however, that Tenant shall upon request promptly execute any certificate or agreement required by any such lessor or mortgagee to confirm such subordination. In the event that Tenant fails to comply with such request, Tenant hereby constitutes and appoints Landlord as its attorney-in-fact for the purpose of executing any such certificate or agreement in the name of and on behalf of Tenant. In addition, Tenant agrees that if such building becomes owned by a mortgagee or other purchaser, Tenant shall attorn to such mortgagee or purchaser and will execute any instrument evidencing such attornment agreement as may be requested by the mortgagee or purchaser.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement

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LEASE SUBORDINATION AND ATTORNMENT. This Lease is subject and subordinate to all ground or underlying leases and to all mortgages which may now or hereafter affect the building in which the premises are located, to all advances made thereunder and to all renewals, modifications, consolidations, replacements and extensions thereof. This provision shall be self-operative; provided however, that Tenant shall upon request promptly execute any certificate or agreement required by any such lessor or mortgagee to confirm such subordination. In the event that Tenant Xxxxxx fails to comply with such request, Tenant hereby constitutes and appoints Landlord as its attorney-in-fact for the purpose of executing any such certificate or agreement in the name of and on behalf of Tenant. In addition, Tenant agrees that if such building becomes owned by a mortgagee or other purchaser, Tenant shall attorn to such mortgagee or purchaser and will execute any instrument evidencing such attornment agreement as may be requested by the mortgagee or purchaser.

Appears in 1 contract

Samples: Lease Agreement

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LEASE SUBORDINATION AND ATTORNMENT. This Lease is subject and subordinate to all ground or underlying leases and to all mortgages which may now or hereafter affect the building in which the premises are located, to all advances made thereunder and to all renewals, modifications, consolidations, replacements and extensions thereof. This provision shall be self-operativeself-­‐operative; provided however, that Tenant shall upon request promptly execute any certificate or agreement required by any such lessor or mortgagee to confirm such subordination. In the event that Tenant fails to comply with such request, Tenant hereby constitutes and appoints Landlord as its attorney-in-fact attorney-­‐in-­‐fact for the purpose of executing any such certificate or agreement in the name of and on behalf of Tenant. In addition, Tenant agrees that if such building becomes owned by a mortgagee or other purchaser, Tenant shall attorn to such mortgagee or purchaser and will execute any instrument evidencing such attornment agreement as may be requested by the mortgagee or purchaser.

Appears in 1 contract

Samples: Lease Agreement

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