Common use of SNDA Clause in Contracts

SNDA. No later than 30 days after the mutual execution and delivery of this Amendment, Landlord shall deliver to Tenant an SNDA from Landlord’s current Lender pursuant to which (i) the Lease is subordinated to the lien of such Lender’s Encumbrance and (ii) the Lender agrees not to disturb or interfere with Tenant’s possession of the Premises or rights under the Lease so long as there is no Event of Default on the part of Tenant. Tenant agrees that the form of SNDA attached hereto as Exhibit C is acceptable to Tenant.

Appears in 2 contracts

Samples: Lease (LendingClub Corp), Lease (LendingClub Corp)

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SNDA. No later than 30 days after the mutual execution and delivery of this Amendment, Landlord shall deliver to Tenant an SNDA a subordination, nondisturbance and attornment agreement (“SNDA”) from Landlord’s current Lender Mortgagee pursuant to which (i) the Lease is subordinated to the lien of such LenderMortgagee’s Encumbrance and (ii) the Lender Mortgagee agrees not to disturb or interfere with Tenant’s possession of the Premises or rights under the Lease so long as there is no Event of Default on the part of Tenant. Tenant agrees that the form of SNDA attached hereto as Exhibit C B is acceptable to Tenant.

Appears in 2 contracts

Samples: Lease (LendingClub Corp), Lease (LendingClub Corp)

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SNDA. No later than 30 days after the mutual execution and delivery of this Amendment, Landlord shall deliver to Tenant an SNDA a subordination, nondisturbance and attornment agreement (“SNDA”) from Landlord’s current Lender Mortgagee pursuant to which (i) the Lease is subordinated to the lien of such LenderMortgagee’s Encumbrance and (ii) the Lender Mortgagee agrees not to disturb or interfere with Tenant’s possession of the Premises or rights under the Lease so long as there is no Event of Default on the part of Tenant. Tenant agrees that the form of SNDA attached hereto xxxx.xx as Exhibit C B is acceptable to Tenant.

Appears in 1 contract

Samples: Lease (LendingClub Corp)

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