New Security Instruments. At Landlord's election, this Lease shall become subject and subordinate to any Security Instrument created after the Effective Date. Notwithstanding such subordination, Tenant's right to quiet possession of the Premises shall not be disturbed so long as Tenant is not in default and performs all of its obligations under this Lease, unless this Lease is otherwise terminated pursuant to its terms.
Appears in 1 contract
New Security Instruments. At Landlord's ’s election, this Lease shall become subject and subordinate to any Security Instrument created after the Effective Date. Notwithstanding such subordination, Tenant's ’s right to quiet possession of the Premises shall not be disturbed so long as Tenant is not in default and performs all of its obligations under this LeaseLease beyond the expiration of all applicable notice and grace periods, unless this Lease is otherwise terminated pursuant to its terms.
Appears in 1 contract
Samples: By and Between (American Science & Engineering Inc)
New Security Instruments. At Landlord's ’s election, this Lease shall become subject and subordinate to any Security Instrument created after the Effective Date. Notwithstanding such subordination, Tenant's ’s right to quiet possession of the Premises shall not be disturbed so long as Tenant is not in default and performs all no Event of its obligations under this LeaseTenant’s Default has occurred, unless this Lease is otherwise terminated pursuant to its terms, and such Lenders agree to execute a non-disturbance agreement in connection therewith in a form reasonably acceptable to Tenant, but Tenant acknowledges it will be working with the lender’s form.
Appears in 1 contract
Samples: Lease (Concentric Medical Inc)
New Security Instruments. At Landlord's ’s election, this Lease shall become subject and subordinate to any Security Instrument created after the Effective Date. Notwithstanding such subordination, Tenant's ’s right to quiet possession of the Premises shall not be disturbed so long as Tenant is not in default and performs all of its obligations under this Lease, unless this Lease is otherwise terminated pursuant to its terms.
Appears in 1 contract
