Common use of Rights of Mortgagee Clause in Contracts

Rights of Mortgagee. Xxxxxx accepts this Lease subject and subordinate to ------------------- any recorded mortgage or deed of trust lien presently existing or hereafter created upon the Premises by Landlord. Xxxxxxxx is hereby irrevocably vested with full power and authority to subordinate Xxxxxx's interest under this Lease to any mortgage or deed of trust lien hereafter placed on the Premises, and Xxxxxx agrees upon demand to execute additional instruments subordinating this Lease as Landlord may require. If the interests of Landlord under this Lease shall be transferred by reason of foreclosure or other proceedings for enforcement of any mortgage or deed of trust on the Premises, Tenant shall be bound to the transferee (sometimes called the "Purchaser"), at the option of the Purchaser, under the Terms, covenants and conditions of this Lease for the balance of the term remaining, and any extensions or renewals, with the same force and effect as if the Purchaser were Landlord under this Lease, and, if requested by the Purchaser, Xxxxxx agrees to attorn to the Purchaser, including the mortgagee under any such mortgage if it be the Purchaser, as its Landlord.

Rights of Mortgagee. Xxxxxx Tenant accepts this Lease subject and subordinate to ------------------- any recorded mortgage or deed of trust lien presently existing or hereafter created upon the Premises by LandlordBuilding and to all existing recorded restrictions, covenants, easements and agreements with respect to the Building. Xxxxxxxx Landlord is hereby irrevocably vested with full power and authority to subordinate XxxxxxTenant's interest under this Lease to any first mortgage or deed of trust lien hereafter placed on the Premises, and Xxxxxx Tenant agrees upon demand to execute additional instruments subordinating this Lease lease as Landlord may require. If the interests of Landlord under this Lease shall be transferred by reason of foreclosure or other proceedings for enforcement of any first mortgage or deed of trust on the Premises, Tenant shall be bound to the transferee (sometimes called the "Purchaser"), ) at the option of the Purchaser, under the Termsterms, covenants and conditions of this Lease for the balance of the term remaining, and including any extensions or renewals, with the same force and effect as if the Purchaser were Landlord under this Lease, and, if requested by the Purchaser, Xxxxxx Tenant agrees to attorn to the Purchaser, including the first mortgagee under any such mortgage if it be the Purchaser, as its Landlord.

Rights of Mortgagee. Xxxxxx Tenant accepts this Lease subject and subordinate to ------------------- any recorded mortgage or deed of trust lien presently existing or hereafter created upon the Premises by Landlord. Xxxxxxxx is hereby irrevocably vested Building or Project and to all existing recorded restrictions, covenants, casements and agreements with full power and authority respect to subordinate Xxxxxx's interest under the Building or Project; provided, however, that contemporaneously with the execution of this Lease Landlord shall deliver to any mortgage Tenant a Non-Disturbance Agreement from the holder or deed holders of all such mortgages, and deeds of trust lien hereafter placed on in substantially the Premises, form of Exhibit F attached hereto and Xxxxxx made a part hereof for all purposes (the "Non- Disturbance Agreement"). Tenant agrees upon demand to execute additional instruments subordinating this Lease as Landlord may reasonably require. If the interests interest of Landlord under this Lease shall be transferred by reason of foreclosure or other proceedings for enforcement of any first mortgage or deed of trust on the Leased Premises, Tenant shall be bound to the transferee (sometimes called the "Purchaser"), at the option of the Purchaser, under the Termsterms, covenants and conditions of this Lease for the balance of the term Term remaining, and including any extensions or renewals, with the same force and effect as if the Purchaser were Landlord under this Lease, and, if requested by the Purchaser, Xxxxxx Tenant agrees to attorn to the Purchaser, including the first mortgagee under any such mortgage if it be the Purchaser, as its Landlord.

Rights of Mortgagee. Xxxxxx Lessee accepts this Lease subject and subordinate to ------------------- any recorded mortgage or deed of trust lien presently existing or hereafter created upon the Premises by Landlordbuilding or project and to all existing recorded restrictions, covenants, easements and agreements with respect to the building or project. Xxxxxxxx Lessor is hereby irrevocably vested with full power and authority to subordinate XxxxxxLessee's interest under this Lease to any first mortgage or deed of trust lien hereafter placed on the Premisesleased premises, and Xxxxxx Lessee agrees upon demand to execute additional instruments subordinating this Lease as Landlord Lessor may require. If the interests interest of Landlord Lessor under this Lease shall be transferred by reason of foreclosure or other proceedings for enforcement of any first mortgage or deed of trust on the Premisesleased premises, Tenant Lessee shall be bound to the transferee (sometimes called the "Purchaser"), ) at the option of the Purchaser, under the Termsterms, covenants and conditions of this Lease for the balance of the term remaining, and including any extensions or renewals, with the same force and effect as if the Purchaser were Landlord Lessor under this Lease, and, if requested by the Purchaser, Xxxxxx Lessee agrees to attorn to the Purchaser, including the first mortgagee under any such mortgage if it be the Purchaser, as its LandlordLessor.

Rights of Mortgagee. Xxxxxx Lessee accepts this Lease subject and subordinate to ------------------- any recorded mortgage or deed of trust lien presently existing or hereafter created upon the Premises by Landlordbuilding or project and to all existing recorded restrictions, covenants, casements and agreements with respect to the building or project. Xxxxxxxx Lessor is hereby irrevocably vested with full power and authority to subordinate XxxxxxLessee's interest under this Lease to any first mortgage or deed of trust lien hereafter placed on the Premisesleased premises, and Xxxxxx Lessee agrees upon demand to execute additional instruments subordinating this Lease as Landlord Lessor may require. If the interests interest of Landlord Lessor under this Lease shall be transferred by reason of foreclosure or other proceedings for enforcement of any first mortgage or deed of trust on the Premisesleased premises, Tenant Lessee shall be bound to the transferee (sometimes called the "Purchaser"), ) at the option of the Purchaser, under the Termsterms, covenants and conditions of this Lease for the balance of the term remaining, and including any extensions or renewals, with the same force and effect as if the Purchaser were Landlord Lessor under this Lease, and, if requested by the Purchaser, Xxxxxx Lessee agrees to attorn atorn to the Purchaser, including the mortgagee first mortgage under any such mortgage if it be the Purchaser, as its Landlordit's Lessor.

Rights of Mortgagee. Xxxxxx Lessee accepts this Lease subject and subordinate to ------------------- any recorded mortgage or mortgage, deed of trust or other lien presently existing or hereafter created upon the Premises by LandlordLeased Premises. Xxxxxxxx Lessor is hereby irrevocably vested with full power and authority to subordinate XxxxxxLessee's interest under this Lease to any mortgage or mortgage, deed of trust or other lien hereafter placed on the Leased Premises, and Xxxxxx Lessee agrees upon demand to execute additional instruments subordinating this Lease as Landlord Lessor may require. If the interests interest of Landlord Lessor under this Lease shall be transferred by reason of foreclosure or other proceedings for enforcement of any mortgage or deed of trust on the Leased Premises, Tenant Lessee shall be bound to the transferee (sometimes called the "Purchaser"), at the option of the Purchaser, ) under the Termsterms, covenants and conditions of this Lease for the balance of the term remaining, remaining and any extensions or renewals, with the same force and effect as if the Purchaser were Landlord Lessor under this Lease, and, if requested by the Purchaser, Xxxxxx Lease and Lessee agrees to attorn to the Purchaser, including the mortgagee under any such mortgage if it be the Purchaser, as its LandlordLessor, the attornnent to be effective and self-operative without the executing of any further instruments upon the Purchaser succeeding to the interest of Lessor under this Lease. The respective rights and obligations of Lessee and the Purchaser upon the attornment, to the extent of the then remaining balance of the term of this Lease, and any extensions and renewals, shall be and are the same as those set forth in the Lease.