Common use of Mortgages - Subordination Clause in Contracts

Mortgages - Subordination. This Lease Agreement and the rights of Tenant pursuant hereto shall, at all times, be subject and subordinate only to the lien of a First Mortgage at any time placed on the Building or Premises. Tenant shall, upon the written request of any First Mortgagee execute such instruments or documents as may be reasonably required at any time and from time to time to subordinate the rights and interest of Tenant herein to the lien of any such First Mortgage. At the election of the First Mortgagee, this Lease shall not be terminated or affected by any proceedings instituted to foreclose the lien of any First Mortgage, and this Lease shall continue in full force and effect, notwithstanding that any such First Mortgagee or any person claiming by, through or under any such First Mortgagee shall succeed to the title of Landlord by foreclosure or Deed in lieu of foreclosure, and in any such event, Tenant agrees to attorn to any such First Mortgagee or its successors and assigns. Should any First Mortgage be foreclosed, or in the event that the title of Landlord shall be conveyed to any such First Mortgagee by Deed in lieu of foreclosure, no such First Mortgagee, purchaser at such foreclosure sale or their successors or assigns shall be:

Mortgages - Subordination. This Lease Agreement and the rights of Tenant pursuant hereto shall, at all times, be subject and subordinate only to the lien of a First Mortgage at any time placed on the Building or Premises. Tenant shall, upon the written request of any First Mortgagee execute such instruments or documents as may be reasonably required at any time and from time to time to subordinate the rights and interest of Tenant herein to the lien of any such First Mortgage. At the election of the First Mortgagee, this Lease shall not be terminated or affected by any proceedings instituted to foreclose the lien of any First Mortgage, and this Lease shall continue in full force and effect, notwithstanding that any such First Mortgagee or any person claiming by, through or under any such First Mortgagee shall succeed to the title of Landlord by foreclosure or Deed in lieu of foreclosure, and in any such event, Tenant agrees to attorn to any such First Mortgagee or its successors and assigns. Landlord shall use its best efforts to obtain a non-disturbance agreement. Should any First Mortgage be foreclosed, or in the event that the title of Landlord shall be conveyed to any such First Mortgagee by Deed in lieu of foreclosure, no such First Mortgagee, purchaser at such foreclosure sale or their successors or assigns shall be:

Mortgages - Subordination. This Lease Agreement and the rights of Tenant pursuant hereto shall, at all times, be subject and subordinate only to the lien of a First Mortgage at any time placed on the Building or Premises. Tenant shall, upon the written request of any First Mortgagee Mortgagee, execute such instruments or documents as may be reasonably required at any time and from time to time to subordinate the rights and interest of Tenant herein to the lien of any such First Mortgage. At the election of the First Mortgagee, this Lease shall not be terminated or affected by any proceedings instituted to foreclose the lien of any First Mortgage, and this Lease shall continue in full force and effect, notwithstanding that any such First Mortgagee or any person claiming by, through or under any such First Mortgagee shall succeed to the title of Landlord by foreclosure or Deed in lieu of foreclosure, and in any such event, Tenant agrees to attorn to any such First Mortgagee or its successors and assigns. Should any First Mortgage be foreclosed, or in the event that the title of Landlord shall be conveyed to any such First Mortgagee by Deed in lieu of foreclosure, no such First Mortgagee, purchaser at such foreclosure sale or their successors or assigns shall be: