Leases Affecting the Real Property Sample Clauses
Leases Affecting the Real Property. All future lessees under any Lease made after the date of recording of this Mortgage shall, at the direction of the ABL Controlling Agent (or at the Pari Passu Agent’s option) and without any further documentation, attorn to the Pari Passu Agent as lessor if for any reason the Pari Passu Agent becomes lessor thereunder, and, upon demand after an Event of Default has occurred and is continuing, pay rent to the Pari Passu Agent, and the Pari Passu Agent shall not be responsible under such Lease for matters arising prior to the Pari Passu Agent becoming lessor thereunder; provided that the Pari Passu Agent shall not become lessor or obligated as lessor under any such Leases unless and until it shall have been directed by the ABL Controlling Agent to do so, or it shall elect in writing to do so.
Leases Affecting the Real Property. All future lessees under any Lease made after the date of recording of this Mortgage shall, at the direction of the Required Lenders (or at the Agent’s option) and without any further documentation, attorn to the Agent as lessor if for any reason the Agent becomes lessor thereunder, and, upon demand after an Event of Default has occurred and is continuing, pay rent to the Agent, and the Agent shall not be responsible under such Lease for matters arising prior to the Agent becoming lessor thereunder; provided that the Agent shall not become lessor or obligated as lessor under any such Leases unless and until it shall have been directed by the Required Lenders to do so, or it shall elect in writing to do so.
Leases Affecting the Real Property. Mortgagor agrees faithfully to perform all of its obligations under all present and future Leases at any time assigned to Mortgagee as additional security, and to refrain from any action or inaction which would result in termination of any such Leases or in the diminution of the value thereof or of the Rents due thereunder. All future lessees under any Lease made after the date of recording of this Mortgage shall, at Mortgagee's option and without any further documentation, attorn to Mortgagee as lessor if for any reason Mortgagee becomes lessor thereunder, and, upon demand, pay rent to Mortgagee, and Mortgagee shall not be responsible under such Lease for matters arising prior to Mortgagee becoming lessor thereunder.
Leases Affecting the Real Property. Mortgagor agrees faithfully to perform in all material respects its obligations under all present and future Leases, and to refrain from any action or inaction which would result in termination of any such Leases, or in the diminution of the value thereof or of the Rents due thereunder, except as otherwise permitted under each of the Indentures and the other Secured Note Documents. All future Leases made after the effective date of this Mortgage shall include commercially reasonable provisions requiring the lessees thereunder, at Mortgagee’s option and without any further documentation, to attorn to Mortgagee as lessor if for any reason Mortgagee becomes lessor thereunder, and to pay rent to Mortgagee during the continuance of an Actionable Event of Default, upon and following notice thereof. In addition, Mortgagee shall have the right at any time hereafter, upon notice to the applicable lessee thereunder, but without any further documentation or consent, to unilaterally subordinate the lien of this Mortgage to any Lease.
Leases Affecting the Real Property. All future lessees under any Lease of the Real Property, or any part thereof, made after the date of recording of this Instrument shall, at Beneficiary's option and without any further documentation, attorn to Beneficiary as lessor if for any reason Beneficiary becomes lessor thereunder, and, thereafter, upon demand, to pay Rent to Beneficiary, and Beneficiary shall not be responsible under such Lease for matters arising prior to Beneficiary becoming lessor thereunder. In respect of each Lease which may be entered into on or after the date hereof, the lien and estate, as well as the provisions, terms and conditions of each Lease shall in all respects be subordinate and junior to the lien of this Instrument.
Leases Affecting the Real Property. All future lessees under any Lease of the Real Property, or any part thereof, made after the date of recording of this Instrument shall, at Mortgagee's option and without any further documentation, attorn to Mortgagee as lessor if for any reason Mortgagee becomes lessor thereunder, and, thereafter, upon demand, to pay Rent to Mortgagee, and Mortgagee shall not be responsible under such Lease for matters arising prior to Mortgagee becoming lessor thereunder. In respect of each Lease which may be entered into on or after the date hereof, the lien and estate, as well as the provisions, terms and conditions of each Lease shall in all respects be subordinate and junior to the lien of this Instrument.
Leases Affecting the Real Property. Mortgagor agrees faithfully to perform all of its obligations under all present and future Leases as additional security and refrain from any action or inaction which would result in termination of any such Leases or in the diminution of the value thereof or of the Rents due thereunder. All future lessees under any Lease made after the date of recording of this Mortgage shall, at the Collateral Agent's option and without any further documentation, attorn to the Collateral Agent as lessor if for any reason the Collateral Agent becomes lessor thereunder, and, upon demand, pay rent to the Collateral Agent, and the Collateral Agent shall not be responsible under such Lease for matters arising prior to the Collateral Agent becoming lessor thereunder; provided, however, the Collateral Agent shall not become lessor or obligated as lessor under any such Leases unless or until it shall elect in writing to do so.
Leases Affecting the Real Property. All future lessees under any Lease made after the date of recording of this Deed of Trust shall, at the direction of the Required Lenders (or at the Beneficiary’s option) and without any further documentation, attorn to the Beneficiary as lessor if for any reason the Beneficiary becomes lessor thereunder, and, upon demand after an Event of Default has occurred and is continuing, pay rent to the Beneficiary, and the Beneficiary shall not be responsible under such Lease for matters arising prior to the Beneficiary becoming lessor thereunder; provided that the Beneficiary shall not become lessor or obligated as lessor under any such Leases unless and until it shall have been directed by the Required Lenders to do so, or it shall elect in writing to do so.
Leases Affecting the Real Property. Mortgagor represents and warrants that there are no Leases affecting xxx Xxxxxaged Property as of the date of recording of this Mortgage. Notwithstanding the foregoing, all Leases shall provide that the lessee thereunder shall, without any further documentation, attorn to Mortgagee as lessor if for any reason Mortgagee becomes lessor thereunder, and, upon demand after an Event of Default (as defined in Section 8 hereof), pay rent to Mortgagee, and Mortgagee shall not be responsible under such Lease for matters arising prior to Mortgagee becoming lessor thereunder pursuant to an explicit assumption thereof by Mortgagee; provided, however, Mortgagee shall not become lessor or obligated as lessor under any such Leases unless or until it shall elect in writing to do so. Upon request of Mortgagee, Mortgagor will provide Mortgagee with copies of Leases executed by Mortgagor for the Mortgaged Property. Any Leases, and all renewals, rxxxxxxxxxts, extensions, and modifications thereof, and all rights of the tenant thereunder, shall be subject and subordinate to this Mortgage, and to each and every advance made or thereafter made hereunder or under the Loan Documents and to all renewals, additions, supplements, modifications and extensions thereof. Mortgagor covenants to (i) perform all the obligations of the lessor under the Leases, (ii) enforce all obligations of the tenants under the Leases, and (iii) comply with all material terms, conditions and provisions of the Leases. Mortgagor represents and warrants that all such existing Leases are, by their terms, subject and subordinate to this Mortgage and any renewals or modifications thereto.
Leases Affecting the Real Property. All future lessees under any Lease of the Real Property, or any part thereof, made after the date of recording of this Instrument shall, at Grantee's option and without any further documentation, attorn to Grantee as lessor if for any reason Grantee becomes lessor thereunder, and, thereafter, upon demand, to pay Rent to Grantee, and Grantee shall not be responsible under such Lease for matters arising prior to Grantee becoming lessor thereunder. In respect of each Lease which may be entered into on or after the date hereof, the lien and estate, as well as the provisions, terms and conditions of each Lease shall in all respects be subordinate and junior to the lien of this Instrument.