Common use of Postponement of participation Clause in Contracts

Postponement of participation. That the Guarantor shall not be entitled to participate in any security held by the Landlord in respect of the Tenant's obligations to the Landlord under this Lease or to stand in the place of the Landlord in respect of any such security until all the obligations of the Tenant or the Guarantor to the Landlord under this Lease have been performed or discharged.

Appears in 2 contracts

Samples: Lease (Hubspot Inc), Agreement (Hubspot Inc)

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Postponement of participation. That the Guarantor shall is not be entitled to participate in any security held by the Landlord in respect of the Tenant's ’s obligations to the Landlord under this Lease or to stand in the place of the Landlord in respect of any such security until all the obligations of the Tenant or the Guarantor to the Landlord under this Lease have been performed or discharged.

Appears in 2 contracts

Samples: Elan Corp PLC, Tornier B.V.

Postponement of participation. That the Guarantor shall is not be entitled to participate in any security held by the Landlord in respect of the TenantLessee's obligations to the Landlord under this Lease or to stand in the place of the Landlord in respect of any such security until all the obligations of the Tenant Lessee or the Guarantor to the Landlord under this Lease have been performed or discharged.

Appears in 1 contract

Samples: Agreement (Zeltiq Aesthetics Inc)

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Postponement of participation. That the Guarantor shall is not be entitled entitled, during the Term of the Guarantee, to participate in any security held by the Landlord in respect of the Tenant's ’s obligations to the Landlord under this Lease or to stand in the place of the Landlord in respect of any such security until all the obligations of the Tenant or the Guarantor to the Landlord during the Term under this Lease have been performed or discharged.

Appears in 1 contract

Samples: Lease of Second (Flamel Technologies Sa)

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