MORTGAGE BY LANDLORD. This Lease is expressly subject and subordinate at all times to (1) any ground, underlying or operating lease of the Project or the land on which the Project is located (the "Land") now or hereafter existing and all amendments, renewals and modifications to any such lease, and (2) the lien of any mortgage or trust deed encumbering fee title to the Project, the Land and/or the leasehold estate under any such ground, underlying or operating lease, and to all advances made or to be made upon the security of such lien. Tenant agrees: ,
(a) if requested by any mortgagee, trustee or lessor, Tenant shall subordinate its interest in this Lease to any such mortgage, trust deed or lease and will execute such subordination agreement or agreements as may be reasonably required by any said mortgagee, trustee or lessor, provided such mortgagee, trustee or lessor executes a non-disturbance agreement, and
(b) in the event of any default by Landlord under this Lease which would give Tenant the right to terminate this Lease or to claim a partial or total eviction, Tenant will not exercise any such right until (I) it has notified in writing the mortgagee, holder of such trust deed or lessor, as the case may be (if the name and address of such mortgagee, holder or lessor shall have previously been furnished by written notice to Tenant) of such default, and (ii) such mortgagee, holder or lessor, as the case may be, fails within a reasonable time (not to exceed 30 days) after receipt of such notice to cause such default to be cured, and
(c) if any such mortgage or trust deed is foreclosed (or a deed given in lieu of foreclosure), or if any such lease is terminated, upon request of the mortgagee, holder or lessor, as the case may be, Tenant will attorn to the purchaser at foreclosure sale (or grantee of deed in lieu of foreclosure) or the lessor under the lease, as the case may be, and will execute such instruments as may be necessary or appropriate to evidence such attornment, provided such mortgagee, holder or lessor executes a non-disturbance agreement with Tenant.
MORTGAGE BY LANDLORD. Subject to the provisions of 6.03 hereinafter set forth, Landlord shall have the right to transfer, assign, mortgage or convey in whole or in part the Building and any and all of its rights under this Lease.
MORTGAGE BY LANDLORD. Landlord shall have the right to transfer, assign, pledge, grant a security interest in, mortgage or convey in whole or in part the Building and any and all of its rights under this Lease, and nothing herein shall be construed as a restriction upon Xxxxxxxx's so doing.
MORTGAGE BY LANDLORD. Landlord shall have the right to transfer and assign in whole or in part, each and every feature of its right and obligations hereunder and in the Building and land upon which it is situated. Such transfer or assignment may be made either to a corporation, trust company, bank, insurance company, lending institution, or any subsidiary thereof, or individual or group of individuals, and Tenant shall recognize any such transfer or assignment.
MORTGAGE BY LANDLORD. Landlord shall have the right to transfer, assign, pledge, grant a security interest in, mortgage or convey in whole or in part the building and any and all of its rights under this Lease, and nothing herein shall be construed as a restriction upon Landlord’s doing so.
MORTGAGE BY LANDLORD. Landlord shall have the right at all times to Mortgage or hypothecate its ownership of the Land and its interest in this Lease; provided, however, that such fee Mortgage or encumbrance shall at all times be subject and subordinate to this Lease, the leasehold estate of Tenant created hereby, and any Leasehold Mortgage encumbering this Lease and any new lease given pursuant to Section 21.3(d) (the mortgagee or beneficiary under any such Mortgage being called herein the “Fee Mortgagee”). Without limiting the generality of the foregoing, in the event of a foreclosure of any such Fee Mortgage, or of any other action or proceeding for the enforcement thereof, or of any sale thereunder, this Lease will not be barred, terminated, cut-off or foreclosed, nor will the rights and possession of Tenant hereunder be disturbed, if no Event of Default has occurred in the payment of Rent due or the performance of Tenant’s other obligations hereunder. Upon the request of any Fee Mortgagee, Tenant shall execute any amendment to this Lease that does not, in the opinion of Tenant’s counsel, adversely affect Tenant’s rights hereunder.
MORTGAGE BY LANDLORD. 19.1 Tenant agrees that this Lease shall be subject and subordinate to the lien of any mortgage which may now or subsequently affect the Leased Premises, and to all renewals, modifications, consolidations, participations, replacements and extensions of said mortgage, so long as Tenant’s (or Tenant’s assignee’s) standard Subordination, Non-Disturbance and Attornment Agreement (“SNDA”) (a copy of such SNDA being attached as Exhibit “B”) is executed by all necessary parties.
MORTGAGE BY LANDLORD. Tenant accepts this Lease subject to any deed of trust, security interest or mortgage which might now or hereafter constitute a lien upon the building or improvements. This Lease is subject and subordinated to all present and future mortgages, deeds of trust, and other encumbrances affecting the demised premises or the property of which the demised premises are a part. Within fifteen (15) days after written request from Landlord, Tenant agrees to execute, at no expense to Tenant, any instrument which may be deemed necessary or desirable by Landlord to further effect the subordination of this Lease to any mortgage, deed of trust, or encumbrance. Such Tenant subordination shall be conditioned upon a lender executing a standard Non-Disturbance Agreement.
MORTGAGE BY LANDLORD. Tenant accepts this Lease subject to any deeds of trust, security interest or mortgage which might now or hereafter constitute a lien upon the Building or improvements.
MORTGAGE BY LANDLORD. This Lease is expressly subject and subordinate at all times to (1) any ground, underlying or operating lease of the Building or the Land now or hereafter existing and all amendments, renewals and modifications to any such lease, and (2) the lien of any now existing or hereafter created mortgage or trust deed encumbering fee title to the Building, the Land and/or the leasehold estate under any such ground, underlying or operating lease, and to all advances made or to be made upon the security of such lien. Tenant agrees:
(a) if requested by any mortgagee, trustee or lessor, Tenant shall subordinate its interest in this Lease to any such mortgage, trust deed or lease and will execute such subordination agreement or agreements as may be reasonably required by any said mortgagee, trustee or lessor, and
(b) in the event of any default by Landlord under this Lease which would give Tenant the right to terminate this Lease or to claim a partial or total eviction, Tenant will not exercise any such right until (i) it has notified in writing the mortgagee, holder of such trust deed or lessor, as the case may be (if the name and address of such mortgagee, holder or lessor shall have previously been furnished by written notice to Tenant) of such default, and (ii) such mortgagee, holder or
