Common use of Non-Disturbance and Attornment Clause in Contracts

Non-Disturbance and Attornment. Provided that Tenant is not in default under any of the terms, covenants or conditions of the Lease, and Tenant is then in possession of the Premises, Tenant’s rights under the Lease and possession of the Premises thereunder shall not be affected or disturbed by Lender in the exercise of any of its rights and remedies under the Note (as that term is defined in the Deed of Trust) or the Loan Documents. Upon foreclosure of the Loan Documents, or any of them, Tenant shall continue in occupancy of the Premises upon the terms and conditions of the Lease, shall attorn to Lender to the same extent and with the same force as if Lender were the Landlord under the Lease, and shall be bound by and perform all of the obligations imposed upon Tenant by the Lease. Tenant’s attornment hereunder shall be effective and self-operative without the execution of any other instruments on the part of any party hereto, immediately upon Lender’s acquisition of title to the Property. Tenant shall, within ten (10) days after request by Lender, execute any instrument or take any action specified by Lender further to confirm attornment hereunder in accordance with the provisions of this Agreement.

Appears in 2 contracts

Samples: Office Lease Agreement (Turo Inc.), Office Lease (Serena Software Inc)

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Non-Disturbance and Attornment. Provided that Tenant is not in default under any of the terms, covenants or conditions of the Lease, and Tenant is then in possession of the Premises, Tenant’s rights under the Lease and possession of the Premises thereunder shall not be affected or disturbed by Lender in the exercise of any of its rights and remedies under the Note (as that term is defined in the Deed of Trust) or the Loan Documents. Upon foreclosure of the Loan Documents, or any of them, Tenant shall continue in occupancy of the Premises upon the terms and conditions of the Lease, shall attorn to Lender to the same extent and with the same force as if Lender were the Landlord under the Lease, and shall be bound by and perform all of the obligations imposed upon Tenant by the Lease. Tenant’s attornment hereunder shall be effective and self-operative without the execution of any other instruments on the part of any party hereto, immediately upon LenderXxxxxx’s acquisition of title to the Property. Tenant shall, within ten (10) days after request by LenderXxxxxx, execute any instrument or take any action specified by Lender Xxxxxx further to confirm attornment hereunder in accordance with the provisions of this Agreement.

Appears in 1 contract

Samples: Office Lease Agreement (Turo Inc.)

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Non-Disturbance and Attornment. Provided that Tenant is not in default under any of the terms, covenants or conditions of the LeaseLease and Tenant makes monthly payments to Lender equal to at least the amount of monthly payments previously required to be made under the Note plus all operating expenses (and the Lease shall be deemed modified at such time to the extent lesser payments are required thereunder), and Tenant is then in possession of the Premises, Tenant’s 's rights under the Lease and possession of the Premises thereunder shall not be affected or disturbed by Lender in the exercise of any of its rights and remedies under the Note or the Loan Documents (as that term is defined in the Deed of Trust) or the Loan Documents). Upon foreclosure of the Loan Documents, or any of them, Tenant shall continue in occupancy of the Premises upon the terms and conditions of the Lease, shall attorn to Lender to the same extent and with the same force as if Lender were the Landlord under the Lease, and shall be bound by and perform all of the obligations imposed upon Tenant by the Lease. Tenant’s 's attornment hereunder shall be effective and self-operative without the execution of any other instruments on the part of any party hereto, immediately upon Lender’s 's acquisition of title to the Property. Tenant shall, within ten (10) days after request by Lender, execute any instrument or take any action specified by Lender further to confirm attornment hereunder in accordance with the provisions of this Agreement.

Appears in 1 contract

Samples: Lease Agreement (Photomatrix Inc/ Ca)

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