Common use of MORTGAGE SUBORDINATION AND ATTORNMENT Clause in Contracts

MORTGAGE SUBORDINATION AND ATTORNMENT. This lease shall automatically be subordinate to any mortgage or deed of trust created by landlord which is now existing or hereafter placed upon the premises including any advances, interest, modifications, renewals, replacements or extensions (“landlord’s mortgage”). Tenant shall attorn to the holder of any landlord’s mortgage or any party acquiring the premises at any sale or other proceeding under any landlord’s mortgage provided the acquiring party assumes the obligations of landlord under this lease. Tenant shall promptly and in no event later than fifteen (15) days after request execute, acknowledge and deliver documents which the holder of any landlord’s mortgagemay reasonably require as further evidence of this subordination and attornment. Notwithstanding the foregoing, tenant’s obligations under this section to subordinate in the future are conditioned on the holder of each landlord’s mortgage and each party acquiring the premises at any sale or other proceeding under any such landlord’s mortgage not disturbing tenant’s occupancy and other rights under this lease, so long as no uncured event of default by tenant exists.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement

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MORTGAGE SUBORDINATION AND ATTORNMENT. This lease Lease shall automatically be subordinate to any mortgage or deed of trust created by landlord Landlord which is now existing or hereafter placed upon the premises Premises including any advances, interest, modifications, renewals, replacements or extensions (“landlord’s mortgageLandlord's Mortgage”). Tenant shall attorn to the holder of any landlord’s mortgage Landlord's Mortgage or any party acquiring the premises Premises at any sale or other proceeding under any landlord’s mortgage Landlord's Mortgage provided the acquiring party assumes the obligations of landlord Landlord under this leaseLease. Tenant shall promptly and in no event later than fifteen (15) days after request execute, acknowledge and deliver documents which the holder of any landlord’s mortgagemay Landlord's Mortgage may reasonably require as further evidence of this subordination and attornment. Notwithstanding the foregoing, tenant’s Tenant's obligations under this section Section to subordinate in the future are conditioned on the holder of each landlord’s mortgage Landlord's Mortgage and each party acquiring the premises Premises at any sale or other proceeding under any such landlord’s mortgage Landlord's Mortgage not disturbing tenant’s Xxxxxx's occupancy and other rights under this leaseLease, so long as no uncured event Event of default Default by tenant Tenant exists.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement

MORTGAGE SUBORDINATION AND ATTORNMENT. This lease Lease shall automatically be subordinate to any mortgage or deed of trust created by landlord Landlord which is now existing or hereafter placed upon the premises Premises including any advances, interest, modifications, renewals, replacements or extensions (“landlordLandlord’s mortgageMortgage”). Tenant shall attorn to the holder of any landlordLandlord’s mortgage Mortgage or any party acquiring the premises Premises at any sale or other proceeding under any landlordLandlord’s mortgage Mortgage provided the acquiring party assumes the obligations of landlord Landlord under this leaseLease. Tenant shall promptly and in no event later than fifteen (15) days after request execute, acknowledge and deliver documents which the holder of any landlordLandlord’s mortgagemay Mortgage may reasonably require as further evidence of this subordination and attornment. Notwithstanding the foregoing, tenantTenant’s obligations under this section Section to subordinate in the future are conditioned on the holder of each landlordLandlord’s mortgage Mortgage and each party acquiring the premises Premises at any sale or other proceeding under any such landlordLandlord’s mortgage Mortgage not disturbing tenantTenant’s occupancy and other rights under this leaseLease, so long as no uncured event Event of default Default by tenant Tenant exists.

Appears in 1 contract

Samples: Lease Agreement (Kush Bottles, Inc.)

MORTGAGE SUBORDINATION AND ATTORNMENT. This lease Lease shall automatically be subordinate to any mortgage or deed of trust created by landlord Landlord which is now existing or hereafter placed upon the premises Premises including any advances, interest, modifications, renewals, replacements or extensions (“landlord’s mortgageLandlord's Mortgage”). Tenant shall attorn to the holder of any landlord’s mortgage Landlord's Mortgage or any party acquiring the premises Premises at any sale or other proceeding under any landlord’s mortgage Landlord's Mortgage provided the acquiring party assumes the obligations of landlord Landlord under this leaseLease. Tenant shall promptly promptly, and in no event later than fifteen (15) days after request request, execute, acknowledge and deliver documents which the holder of any landlord’s mortgagemay Landlord's Mortgage may reasonably require as further evidence of this subordination and attornment. Notwithstanding the foregoing, tenant’s Tenant's obligations under this section Section to subordinate in the future are conditioned on the holder of each landlord’s mortgage Landlord's Mortgage and each party acquiring the premises Premises at any sale or other proceeding under any such landlord’s mortgage Landlord's Mortgage not disturbing tenant’s Xxxxxx's occupancy and other rights under this leaseLease, so long as no uncured event Event of default Default by tenant Tenant exists.

Appears in 1 contract

Samples: Lease Agreement

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MORTGAGE SUBORDINATION AND ATTORNMENT. This lease Lease shall automatically be subordinate to any mortgage or deed of trust created by landlord Landlord which is now existing or hereafter placed upon the premises Premises including any advances, interest, modifications, renewals, replacements or extensions (“landlordLandlord’s mortgageMortgage”). Tenant shall attorn to the holder of any landlordLandlord’s mortgage Mortgage or any party acquiring the premises Premises at any sale or other proceeding under any landlordLandlord’s mortgage Mortgage provided the acquiring party assumes the obligations of landlord Landlord under this leaseLease. Tenant shall promptly and in no event later than fifteen (15) days after request request, execute, acknowledge and deliver documents which the holder of any landlordLandlord’s mortgagemay Mortgage may reasonably require as further evidence of this subordination and attornment. Notwithstanding the foregoing, tenantTenant’s obligations under this section Section to subordinate in the future are conditioned on the holder of each landlordLandlord’s mortgage Mortgage and each party acquiring the premises Premises at any sale or other proceeding under any such landlordLandlord’s mortgage Mortgage not disturbing tenantTenant’s occupancy and other rights under this leaseLease, so long as no uncured event Event of default Default by tenant Tenant exists.

Appears in 1 contract

Samples: Lease Agreement

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