Common use of MORTGAGE BY LANDLORD Clause in Contracts

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: ,

Appears in 2 contracts

Samples: Presidential Towers (U S Realtel Inc), Presidential Towers (U S Realtel Inc)

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MORTGAGE BY LANDLORD. This Lease is expressly subject and subordinate at all times to (1i) any ground, underlying or operating lease of the Project Building or the land on Land upon which the Project Building is located (the "Land") situated now or hereafter existing and all amendments, renewals and modifications to any such lease, thereof ("Superior Leases") and (2ii) the lien of any current or future mortgage or trust deed encumbering fee title to the ProjectBuilding, the Land and/or the leasehold estate under or any such ground, underlying Superior Leases now or operating leasehereafter existing ("Superior Mortgages"), and to all advances made or to be made upon the security of such lienthereof. Tenant agrees: ,:

Appears in 1 contract

Samples: Lease Index (Sonic Foundry Inc)

MORTGAGE BY LANDLORD. This Lease is expressly subject and subordinate at all times to (1i) any ground, underlying or operating lease of the Project Building or the land on Land upon which the Project Building is located (the "Land") situated now or hereafter existing and all amendments, renewals and modifications to any such leasethereof (“Superior Leases”), and (2ii) the lien of any mortgage or trust deed encumbering fee title to the ProjectBuilding, the Land and/or the leasehold estate under or any such ground, underlying Superior Leases now or operating leasehereafter existing (“Superior Mortgages”), and to all advances made or to be made upon the security of such lienthereof. Tenant agrees: ,:

Appears in 1 contract

Samples: Lease (Krystal Biotech, Inc.)

MORTGAGE BY LANDLORD. This Lease is expressly subject and subordinate at all times to (1) any ground, underlying or operating lease of the Project Building or the land on which the Project is located (the "Land") 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 ProjectBuilding, 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: ,:

Appears in 1 contract

Samples: Security Associates International Inc

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MORTGAGE BY LANDLORD. This Lease is expressly subject and subordinate at all times to (1) any ground, underlying or operating lease of the Project Building or the land on which the Project is located (the "Land") 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 ProjectBuilding, 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: ,:

Appears in 1 contract

Samples: Security Associates International Inc

MORTGAGE BY LANDLORD. This Lease is expressly subject and subordinate at all times to (1) any ground, underlying or operating lease of the Project Building or the land on which the Project is located (the "Land") 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 ProjectBuilding, 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: ,:

Appears in 1 contract

Samples: Security Associates International Inc

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