Common use of Lender Requirements Clause in Contracts

Lender Requirements. Upon request of the Landlord, Tenant will, in writing, subordinate its rights hereunder to the lien of any mortgagee, or deed of trust to any bank, insurance company or other lending institution, now or hereafter in force against the land and building of which the Premises are a part, and to all advances made or hereafter to be made upon the security thereof. If any proceedings are brought for foreclosure, or in the event of the exercise of the power of sale under any mortgage or deed of trust made by the Landlord covering the Premises, the Tenant shall recognize such purchaser as the Landlord under this Lease.