Lessee’s Subordination Sample Clauses
Lessee’s Subordination. Lessee hereby subordinates and makes this Agreement inferior to all existing and future mortgages, trust indentures or other security interest of City or City’s successor in interest. Lessee shall execute and deliver any documents required to evidence and perfect such subordination.
Lessee’s Subordination. Lessor hereby expressly reserves the right, at its option, to place encumbrances against the Premises superior in lien and effect to this Lease, without affecting in any way Lessee’s obligations under this Lease, and Lessee agrees to execute such separate subordination agreements with respect to such liens and encumbrances as the lender or its title insurer shall reasonably require; provided, however, that any such lender shall first covenant in writing that in the event of foreclosure or sale under power of sale by or through the lender or its assigns, this Lease and Lessee’s quiet possession of the Premises will not be disturbed or affected and this Lease shall remain in full force and effect so long as Lessee is not in default hereunder.