Protection of Lenders. Landlord represents and warrants that as of the date hereof, there either is no mortgage or ground lease affecting the Property or if there is a mortgage, the lender holding same shall have confirmed it does not object to this Lease.
Protection of Lenders. Section 11.01.
Protection of Lenders. (a) Tenant will give written notice to Landlord of each Lender stating the name and address of the Lender to whom such interest is granted; provided, however, that failure to give such notice will not constitute a breach hereunder or otherwise affect the validity of the Security Interest granted or the rights of such Lender under this Lease. Where Landlord receives notice from Xxxxxx as to the name and address of a Lender, Landlord will deliver to each Lender a duplicate copy of any notice to Tenant of a breach hereunder at the same time such notice is delivered to Tenant. Each notified Lender will have the same time period as Tenant to cure any Event of Default plus in each instance (A) an additional 30 days for any Monetary Default, and (B) an additional 60 days for Non- monetary Default, in which to cure such Event of Default. Notwithstanding the above, if the Event of Default is a Non-monetary Default and cannot, in the exercise of commercially reasonable diligence, be cured within such additional 60 day period, then such Lender(s) will have such additional time to cure such Event of Default as may be reasonably necessary using commercially reasonable diligence. Any Non-monetary Default that cannot be cured by the Lender(s) will nevertheless be deemed to have been cured and remedied if (1) on or before 60 days following the expiration of Tenant’s cure period, any Lender(s) has acquired Tenant’s then-remaining right, title and interest in the Premises or has commenced foreclosure or other proceedings for such purposes and are diligently prosecuting such proceedings to completion, (2) any such Lender(s) has fully cured, within such 60-day period, any Monetary Defaults and thereafter continue to perform all monetary obligations of Tenant under the Lease, and (3) after obtaining Xxxxxx’s then-remaining right, title and interest in the Premises, such Xxxxxx(s) commence performance of the Non- monetary obligations of Tenant and thereafter diligently pursue same to completion.
Protection of Lenders. A. This Lease shall be subject and subordinate at all times to all ground or underlying leases that may now or hereafter exist affecting the Building or the Real Property, or both, and to the lien of any mortgage or deed of trust in any amount or amounts whatsoever now or hereafter placed on or against the Building or the Real Property, or both, or on or against Landlord’s interest or estate therein (such mortgages, deeds of trust and leases are referred to herein, collectively, as “Superior Interests”), all without the necessity of any further instrument executed or delivered by or on the part of Tenant for the purpose of effectuating such subordination provided that the holder of the Superior Interest agrees in writing in form reasonably acceptable to Tenant and the holder of the Superior Interest to the provisions of
Protection of Lenders. (a) This Lease shall be subject and subordinate at all times to all ground or underlying leases which may now or hereafter exist affecting the Building or the Real Property, or both, and to the lien of any mortgage or deed of trust in any amount or amounts whatsoever now or hereafter placed on or against the Building or the Real Property, or both, or on or against Landlord’s interest or estate therein (such mortgages, deeds of trust and leases are referred to herein, collectively, as “Superior Interests”), all without the necessity of any further instrument executed or delivered by or on the part of Tenant for the purpose of effectuating such subordination, but subject to the terms of Paragraph 17(b) below. Notwithstanding the foregoing, Tenant covenants and agrees to execute and deliver, upon demand, such further instruments evidencing such subordination of this Lease to any such Superior Interest as may be required by Landlord. Landlord hereby represents to Tenant that there is no Superior Interest which exists as of the date of this Lease.
Protection of Lenders. 16 12.1 Subordination........................................16 12.2 Attornment...........................................16 12.3
Protection of Lenders. Notwithstanding any other provision of this Lease to the contrary:
Protection of Lenders. (a) This Lease shall be subject and subordinate at all times to all ground or underlying leases that may now or hereafter exist affecting the Building or the Real Property, or both, and to the lien of any mortgage or deed of trust in any amount or amounts whatsoever now or hereafter placed on or against the Building or the Real Property, or both, or on or against Landlord’s interest or estate therein (such mortgages, deeds of trust and leases are referred to herein, collectively, as “Superior Interests”), all without the necessity of any further instrument executed or delivered by or on the part of Tenant for the purpose of effectuating such subordination. Notwithstanding the foregoing, Tenant covenants and agrees to execute and deliver, upon demand, such further instruments evidencing such subordination of this Lease to any such Superior Interest as may be required by Landlord. Landlord agrees to use good faith efforts to deliver to Tenant from any existing or future Holder (as defined below) a written subordination and non-disturbance agreement in recordable form acceptable to such Holder in its sole discretion providing that so long as Tenant performs all of the terms of this Lease, Tenant’s possession under this Lease shall not be disturbed and Tenant shall not be joined by the Holder in any action or proceeding to foreclose thereunder, except where such is necessary for jurisdictional or procedural reasons. Tenant shall pay all costs for legal services incurred by Landlord in obtaining that subordination and non-disturbance agreement.
Protection of Lenders. 17 10.1 Subordination ............................................ 17 10.2 Attornment ............................................... 17 10.3 Signing of Documents ..................................... 17
Protection of Lenders. 37- 11.01 SUBORDINATION...............................................-37- 11.02 ATTORNMENT..................................................-37- 11.03 SIGNING OF DOCUMENTS........................................-38- 11.04 ESTOPPEL CERTIFICATES.......................................-38- 11.05 TENANT'S FINANCIAL CONDITION................................-39- ARTICLE TWELVE.............................................................-39- LEGAL COSTS..............................................................-39- 12.01 LEGAL PROCEEDINGS...........................................-39- 12.02 LANDLORD'S CONSENT..........................................-39-
