Recognition and Attornment. Upon Successor Landlord taking title to the Property (i) Successor Landlord shall be bound to Tenant under all the terms and conditions of the Lease (except as provided in this Agreement); (ii) Tenant shall recognize and attorn to Successor Landlord as Tenant’s direct landlord under the Lease as affected by this Agreement; and (iii) the Lease shall continue in full force and effect as a direct lease, in accordance with its terms (except as provided in this Agreement), between Successor Landlord and Tenant. Tenant hereby acknowledges notice that pursuant to the Mortgage and assignment of rents, leases and profits, Landlord has granted to the Mortgagee an absolute, present assignment of the Lease and Rents which provides that Tenant continue making payments of Rents and other amounts owed by Tenant under the Lease to the Landlord and to recognize the rights of Landlord under the Lease until notified otherwise in writing by the Mortgagee. After receipt of such notice from Mortgagee, the Tenant shall thereafter make all such payments directly to the Mortgagee or as the Mortgagee may otherwise direct, without any further inquiry on the part of the Tenant. Landlord consents to the foregoing and waives any right, claim or demand which Landlord may have against Tenant by reason of such payments to Mortgagee or as Mortgagee directs.
Recognition and Attornment. Upon Successor Landlord taking title to the Property (i) Successor Landlord shall be bound to Tenant under all the terms and conditions of the Lease (except as provided in this Agreement); (ii) Tenant shall recognize and attorn to Successor Landlord as Tenant’s direct landlord under the Lease as affected by this Agreement; and (iii) the Lease shall continue in full force and effect as a direct lease, in accordance with its terms (except as provided in this Agreement), between Successor Landlord and Tenant. Tenant hereby acknowledges that, pursuant to the Mortgage and assignment of rents, leases and profits, Landlord has granted to Mortgagee an absolute, present assignment of the Lease and Rents which provides that Tenant continue making payments of Rents and other amounts owed by Tenant under the Lease to Landlord and to recognize the rights of Landlord under the Lease until notified otherwise in writing by Mortgagee. After receipt of such notice from Mortgagee, Tenant shall thereafter make all such payments directly to Mortgagee or as Mortgagee may otherwise direct, without any further inquiry on the part of Tenant. Landlord specifically agrees that Tenant may EXHIBIT C MASTER LAND AND BUILDING LEASE conclusively rely upon any written notice Tenant receives from Mortgagee notwithstanding any claim by Landlord contesting the validity of any term or condition of such notice, including, but not limited to, any default claimed by Mortgagee, and that Landlord shall not make any claim of any kind whatsoever against Tenant or Tenant’s leasehold interest with respect to any amounts paid to Mortgagee by Tenant or any acts performed by Tenant, pursuant to such written notice, and such amounts paid to Mortgagee shall be credited to amounts due under the Lease as if such amounts were paid directly to Landlord.
Recognition and Attornment. Lessor agrees within twenty (20) days after request of Xxxxxx to execute and deliver to Lessee for delivery to any sublessee of all or part of the Leased Premises a recognition agreement stating, in effect, in recordable form and otherwise in form reasonably satisfactory to Lessee, that it will not terminate the sublease or evict the sublessee, and will recognize the subcontractors's rights under the sublease and the rights of subcontractors's leasehold Mortgagee as if Lessor were the original sublessee, notwithstanding any default under and termination of this Agreement; provided, that there is no uncured event of default then existing under the sublease which entitles the Lessor thereunder immediately to terminate the sublease; and provided, further, that the sublessee has agreed in the sublease and, if requested, reconfirms in writing, at the time, its agreement to attorn to Lessor. Such recognition agreement shall require such subcontractors, at Xxxxxx's request, to enter into a direct Agreement with Lessor upon all of the terms of the sublease (but subject to the terms of this Section 23 and the recognition agreement). Any such recognition agreement shall provide at Xxxxxx's request that neither Lessor nor anyone claiming under Lessor shall be:
Recognition and Attornment. In the event of the termination of the Prime Lease by exercise of any remedy provided for therein, including re-entry, notice, surrender, summary proceedings or other action or proceeding or otherwise, or, in the event the Prime Lease shall terminate or expire for any reason before any of the dates provided in the Sublease for the termination of the initial or renewal terms of the Sublease, and if the Sublease shall, immediately prior to such surrender, termination or expiration, be in full force and effect and Subtenant shall not be in default under the Sublease, then, and in any of said events, Subtenant shall not be made a party in any action or proceeding to remove or evict the Tenant nor shall the Subtenant be evicted or removed or its possession or right of possession be disturbed or in anyway interfered with. In such event: (a) the Sublease shall continue in full force and effect as a direct lease from Landlord to Subtenant under the terms and provisions of the Sublease for the balance of the term thereof remaining, including any extensions therein provided; (b) Landlord shall continue to recognize the estate and rights of Subtenant created under the Sublease; and (c) the terms of the Sublease, and Subtenant’s sub-leasehold estate in the Premises shall not then or thereafter be terminated, disturbed or adversely affected, except in accordance with the terms and provisions of the Sublease. Subtenant shall and hereby agrees to attorn to Landlord under such circumstances.
Recognition and Attornment. (a) In the event Lender or any other party becomes owner of the Premises by reason of any foreclosure sale or other sale under the Loan Documents or by a deed in lieu of foreclosure, and so long as the Lease has not been terminated on account of a default by Lessee that has continued beyond any applicable cure period: (i) the Lease shall continue in full force and effect, without the necessity for executing any new lease, as a direct lease between such new owner of the Premises and Lessee, upon the same terms, covenants, and provisions contained in the Lease (except as otherwise provided in this Agreement); and (ii) Lessee shall be bound to such new owner of the Premises under all terms, covenants, and provisions of the Lease (except as otherwise provided in this Agreement) for the remainder of its term and Lessee shall attorn to such new owner and recognize such new owner as landlord under the Lease.
Recognition and Attornment. Upon Successor Landlord taking title to the Property (i) Successor Landlord shall be bound to Tenant under all the terms and conditions of the Lease (except as provided in this Agreement); (ii) Tenant shall recognize and attorn to Successor Landlord as Tenant’s direct landlord under the Lease as affected by this Agreement; and (iii) the Lease shall continue in full force and effect as a direct lease, in accordance with its terms (except as provided in this Agreement), between Successor Landlord and Tenant. Administrative Agent hereby notifies Tenant, and Tenant hereby acknowledges, that, pursuant to the Mortgage and assignment of rents, leases and profits, Landlord has granted to the Administrative Agent an absolute, present assignment of the Lease and Rents which provides that Tenant continue making payments of Rents and other amounts owed by Tenant under the Lease to or at the direction of the Landlord and to recognize the rights of Landlord under the Lease until notified otherwise in writing by the Administrative Agent. After receipt of such notice from Administrative Agent, the Tenant shall thereafter make all such payments directly to the Administrative Agent or as the Administrative Agent may otherwise direct, without any further inquiry on the part of the Tenant. Landlord, by its signature hereon, consents to the foregoing and waives any right, claim or demand which Landlord may have against Tenant by reason of such payments to Administrative Agent or as Administrative Agent directs.
Recognition and Attornment. If following the notice required by, and operation of, Section 3 hereof, the applicable Ground Lease shall be terminated, then:
Recognition and Attornment. So long as Subtenant fully and faithfully performs its obligations in accordance with the terms and provisions of the Sublease, Subtenant’s rights to remain in possession of the Sublease Property and to enjoy the Property until the termination or earlier expiration of the Sublease will remain undisturbed and without interference whatsoever from the Board. The Board hereby recognizes Subtenant’s rights to use, possess and enjoy the Sublease Property pursuant to the Sublease as being valid and enforceable rights. The Board acknowledges that if the Board Lease expires by its terms or terminates for any reason whatsoever, then the Sublease shall automatically without any action of the parties hereto become a direct lease between the Board and Subtenant in accordance with its terms for the then unexpired term of the Sublease (including any renewal options) and in such event, Subtenant shall attorn to the Board, and the Board shall be substituted for Venture as sublandlord under the Sublease and in such event the parties hereto agree to be bound by any applicable recorded agreements of Commerce and Subtenant related to the rights of the parties under the Sublease.
Recognition and Attornment. In the event of termination of the Ground Lease by breach or default (of either party), re-entry, notice, surrender, summary proceeding, or other action or proceeding, or otherwise, and if immediately prior to such termination the Sublease shall be in effect, Lessee shall not be made a party in any removal or eviction action or proceeding nor shall Lessee be evicted or removed of its possession or right to possession of the Property (nor shall its possession or right to possession of the Property be disturbed or interfered with in any way), and the Sublease shall continue in full force and effect as a direct lease between Ground Lessor and Lessee. In such event, Ground Lessor shall recognize the rights and interests of Lessee under the Sublease and Lessee shall attorn to Ground Lessor under the Sublease.
Recognition and Attornment. During the Interim Tenancy, Landlord, Interim Landlord and Resident agree that the Lease shall be deemed to be a lease between Interim Landlord and Resident as the Landlord and Resident thereunder, respectively. Interim Landlord recognizes Resident as its Resident under the Lease on the terms and conditions contained therein and agrees to abide by and perform the terms and conditions of the Lease as the Landlord thereunder except as may be otherwise expressly set forth herein. Resident attorns to and recognizes Interim Landlord as its Landlord under the Lease and assumes and agrees to abide by and perform the terms and conditions of the Lease as the Resident thereunder, including, but not limited to, the payment of rent required by the Lease.
