Priority of Leases. To the extent Mortgagor has the right, under the terms of any Lease, to make such lease subordinate to the lien hereof, Mortgagor will, at Mortgagee’s request and Mortgagor’s expense, take such action as may be required to effect such subordination. Conversely, Mortgagor will, at Mortgagee’s request and Mortgagor’s expense, take such action as may be necessary to subordinate the lien hereof to any future Lease designated by Mortgagee.
Appears in 3 contracts
Samples: Mortgage Deed, Security Agreement, Fixture Filing, Financing Statement and Assignment of Leases and Rents (Griffin Land & Nurseries Inc), Mortgage Deed (Griffin Land & Nurseries Inc), Mortgage, Security Agreement, Fixture Filing, Financing Statement and Assignment of Leases and Rents (KBS Real Estate Investment Trust, Inc.)
Priority of Leases. To the extent Mortgagor has the right, under the terms of any Lease, to make such lease subordinate to the lien hereof, Mortgagor will, at Mortgagee’s 's request and Mortgagor’s 's expense, take such action as may be required to effect such subordination. Conversely, Mortgagor will, at Mortgagee’s 's request and Mortgagor’s 's expense, take such action as may be necessary to subordinate the lien hereof to any future Lease designated by Mortgagee.
Appears in 3 contracts
Samples: Open End Mortgage (Mark Centers Trust), Mortgage, Security Agreement, Fixture Filing, Financing Statement and Assignment of Leases and Rents (BioMed Realty Trust Inc), Mortgage, Security Agreement, Fixture Filing, Financing Statement and Assignment of Leases and Rents (Sonesta International Hotels Corp)
Priority of Leases. To the extent Mortgagor has the right, under the terms of any Lease, to make such lease Lease subordinate to the lien hereof, Mortgagor will, at Mortgagee’s request and Mortgagor’s expense, take such action as may be required to effect such subordination. Conversely, Mortgagor will, at Mortgagee’s request and Mortgagor’s expense, take such action as may be necessary to subordinate the lien hereof to any future Lease designated by Mortgagee.
Appears in 2 contracts
Samples: Mortgage, Security Agreement, Fixture Filing, and Assignment of Leases and Rents (Griffin Capital Essential Asset REIT, Inc.), Second Mortgage, Security Agreement, Fixture Filing, and Assignment of Leases and Rents (Griffin Capital Essential Asset REIT, Inc.)
Priority of Leases. To the extent Mortgagor has the right, under the terms of any Lease, to make such lease subordinate to the lien hereof, Mortgagor will, at Mortgagee’s 's request and Mortgagor’s Xxxxxxxxx's expense, take such action as may be required to effect such subordination. Conversely, Mortgagor will, at Mortgagee’s 's request and Mortgagor’s Xxxxxxxxx's expense, take such action as may be necessary to subordinate the lien hereof to any future Lease designated by Mortgagee.
Appears in 1 contract
Priority of Leases. To the extent Mortgagor has the right, under the terms of any Secondary Lease, to make such lease subordinate to the lien hereof, Mortgagor will, at Mortgagee’s 's request and Mortgagor’s Xxxxxxxxx's expense, take such action as may be required to effect such subordination. Conversely, Mortgagor will, at Mortgagee’s 's request and Mortgagor’s Xxxxxxxxx's expense, take such action as may be necessary to subordinate the lien hereof to any future Secondary Lease designated by Mortgagee.
Appears in 1 contract
