Common use of Mortgage Subordination Clause in Contracts

Mortgage Subordination. That this Lease shall be subject and subordinate at all times to the lien of any mortgages now affecting the leased premises, and to all advances made or hereafter to be made upon the security thereof, and shall be automatically subject and subordinate to the lien of any mortgage or mortgages which at any time may be made a lien upon or affecting the premises herein leased. The LESSOR, however, shall, prior to the granting of any mortgage covering the fee interest of the leased premises, obtain from such mortgagee a "Non Disturbance" Agreement, in form reasonably acceptable to counsel to the LESSEE.

Appears in 3 contracts

Samples: Lease Agreement (Cyberian Outpost Inc), Lease Agreement (Cyberian Outpost Inc), Lease Agreement (Cyberian Outpost Inc)

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