Common use of RIGHT TO MORTGAGE Clause in Contracts

RIGHT TO MORTGAGE. The Landlord reserves the right to subject and subordinate this lease at all times to the lien of any mortgage or mortgages now or hereafter placed upon the Landlord's interest in the said premises and on the land and buildings of which the said premises are a part or upon any buildings hereafter placed upon the land of which the leased premises form a part. And the Tenant covenants and agrees to execute and deliver upon demand such further instruments or instruments subordinating this lease to the lien of any such mortgage or mortgages as shall be desired by the Landlord and any mortgages or proposed mortgages and hereby irrevocably appoints the Landlord the attorney-in-fact of the Tenant to execute and deliver and such instrument or instruments for and in the name of the Tenant.

Appears in 3 contracts

Samples: Property Lease, Property Lease, Property Lease

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RIGHT TO MORTGAGE. The Landlord reserves the right to subject and subordinate this lease at all times to the lien of any mortgage or mortgages now or hereafter placed upon the Landlord's interest in the said premises and on the land and buildings of which the said premises are a part or upon any buildings hereafter placed upon the land of which the leased premises form a part. And the Tenant covenants and agrees to execute and deliver upon demand such further instruments instrument or instruments subordinating this lease to the lien of any such mortgage or mortgages as shall be desired by the Landlord and any mortgages mortgagees or proposed mortgages mortgagees and hereby irrevocably appoints the Landlord the attorney-in-fact of the Tenant to execute and deliver and any such instrument or instruments for and in the name of the Tenant.

Appears in 3 contracts

Samples: Commercial Property Lease (Midnight Holdings Group Inc), Business Property Lease (Ideal Accents Inc), Business Property Lease (Ideal Accents Inc)

RIGHT TO MORTGAGE. The Landlord reserves the right to subject and subordinate this lease Lease at all times to the lien of any mortgage or mortgages now or hereafter placed upon the Landlord's interest in the said premises Leased Premises and on the land and buildings of which the said premises Leased Premises are a part or upon any buildings hereafter placed upon the land of which the leased premises Leased Premises form a part. And the The Tenant covenants and agrees to execute and deliver upon demand such further instruments instrument or instruments subordinating this lease Lease to the lien of any such mortgage or mortgages as shall be desired by the Landlord and any mortgages mortgagees or proposed mortgages mortgagees and hereby irrevocably appoints the Landlord the attorney-in-fact of the Tenant to execute and deliver and any such instrument or instruments for and in the name of the Tenant.

Appears in 1 contract

Samples: Lease Agreement (Monaco Group Inc)

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RIGHT TO MORTGAGE. The Landlord reserves the right to subject and subordinate this lease Lease at all times to the lien of any mortgage or mortgages now or hereafter placed upon the Landlord's interest in the said premises Leased Premises and on the land and buildings of which the said premises Leased Premises are a part or of upon any buildings hereafter placed upon erected on the land of which the leased premises form a partland. And the The Tenant covenants and agrees to execute and deliver upon demand such further instruments instrument or instruments subordinating this lease Lease to the lien of any such mortgage or mortgages as shall be desired by the Landlord and by any mortgages mortgagees or proposed mortgages mortgagees, and hereby irrevocably appoints the Landlord the attorney-in-fact of for the Tenant to execute and deliver and any such instrument or instruments for and in the name of the Tenant.

Appears in 1 contract

Samples: Lease Agreement

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