Subordinate Agreement Sample Clauses

Subordinate Agreement. Customer agrees that, notwithstanding anything to the contrary in this Agreement, this Agreement shall be subject and subordinate to any mortgage, deed of trust, ground lease and/or Master Lease of Licensor and to any renewals, modifications, consolidation, refinancing, and extensions thereof, whether existing or future. Customer acknowledges that (a) Licensor may be a master tenant under a master lease agreement (the “Master Lease”) with the owner of the Building (or other applicable party) (the “Master Landlord”) with respect to certain portions of the Building, (b) the Space may be leased by Licensor, as tenant, from the Master Landlord, as landlord, and Licensor’s interest in the Space and Building may be that of lessee, rather than owner, and (c) the Master Landlord may, from time to time, encumber the Building (and/or the land on which the Building is located) with mortgages, deeds of trust and/or other similar security agreements. The foregoing provisions of this Section 8.10 are hereby declared to be self-operative and no further instrument shall be required to effect such subordination of this Agreement; provided, however, Customer shall, within ten (10) days after Licensor’s written request therefor, execute, acknowledge and deliver any documents reasonably requested by Licensor to assure the subordination of this Agreement to any of the same. Notwithstanding the foregoing, if any Master Landlord or the holder of any such mortgage or deed of trust advises Licensor that they desire or require this Agreement to be prior and superior thereto, upon written request of Licensor to Customer, Customer agrees to promptly execute, acknowledge and deliver any documents which Licensor or such Master Landlord or holder(s) reasonably deem necessary for purposes thereof (and, in such event, Customer shall, at the request of Licensor, attorn to such party).
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Subordinate Agreement. The agreement between the Parties shall consist of this Subordinate A greement and Attachments “A,” “B,” “C,” and “D” (collectively, “Agreement Documents”). The Parties hereby agree that the terms, conditions and assumptions set forth in Attachment “A” shall govern the performance of the Subordinate Agreement and delineate the respective rights and obligations of the Parties except where there is a conflict in language or obligations between A ttachment “A” and the other Agreement Documents. In the event of such a conflict, the Parties agree that it shall be resolved as described in Section 11 hereinbelow. Subordinate Contract: The terms and conditions of this Contract, including Attachments A, B, C, D, E, F (collectively “Agreement Documents”), specify the terms and conditions by which the County will procure services in connection with the CMAS Contract from the Contractor, hereinafter referred to as “PMNS” or “Services,” as more fully detailed in Attachment B, Scope of Work. The Parties hereby agree that the terms, conditions and assumptions set forth in Attachment A shall govern the performance of the Contract and delineate the respective rights and obligations of the Parties except where there is a conflict in the language or obligations between Attachment A and the other Agreement Documents. In the event of such a conflict, the Parties agree that it shall be resolved as described in Section 11 below.
Subordinate Agreement. The agreement between the Parties shall consist of this Subordinate Agreement and Attachments “A,” “B,” “C,” and “D” (collectively, “Agreement Documents”). The Parties hereby agree that the terms, conditions and assumptions set forth in Attachment “A” shall govern the performance of the Subordinate Agreement and delineate the respective rights and obligations of the Parties except where there is a conflict in language or obligations between Attachment “A” and the other Agreement Documents. In the event of such a conflict, the Parties agree that it shall be resolved as described in Section 11 hereinbelow.

Related to Subordinate Agreement

  • Subordinate Debt Each related Mortgage or other loan document relating to such Mortgage Loan does not provide for or permit, without the prior written consent of the holder of the related Mortgage Note, any related Mortgaged Property or any direct controlling interest in the Mortgagor to secure any other promissory note or debt (other than another Mortgage Loan in the Trust Fund and, if such Mortgage Loan is part of a Loan Combination, the other mortgage loan(s) that are part of such Loan Combination, as applicable).

  • Subordination Agreement Each of (i) the subordination of interest payments to the Noteholders of the Class B Notes to the payment of any First Priority Principal Payment to the Noteholders of the Class A Notes and (ii) the subordination of interest payments to the Noteholders of the Class C Notes to the payment of any Second Priority Principal Payment to the Noteholders of the Class A Notes and the Class B Notes under Section 8.2(c) is a subordination agreement within the meaning of Section 510(a) of the Bankruptcy Code.

  • Subordination Agreements Subordination Agreements with respect to all Subordinated Debt.

  • Intercompany Subordination Agreement The Administrative Agent shall have received the Intercompany Subordination Agreement, duly executed and delivered by each Loan Party.

  • Subordinated Debt (a) Make or permit any payment on any Subordinated Debt, except under the terms of the subordination, intercreditor, or other similar agreement to which such Subordinated Debt is subject, or (b) amend any provision in any document relating to the Subordinated Debt which would increase the amount thereof or adversely affect the subordination thereof to Obligations owed to Bank.

  • Loan Agreements Notwithstanding any term hereof (or any term of the UCC that might otherwise be construed to be applicable to a “securities intermediary” as defined in the UCC) to the contrary, none of the Collateral Agent, the Collateral Custodian nor any securities intermediary shall be under any duty or obligation in connection with the acquisition by the Borrower, or the grant by the Borrower to the Collateral Agent, of any Loan Asset in the nature of a loan or a participation in a loan to examine or evaluate the sufficiency of the documents or instruments delivered to it by or on behalf of the Borrower under the related Loan Agreements, or otherwise to examine the Loan Agreements, in order to determine or compel compliance with any applicable requirements of or restrictions on transfer (including without limitation any necessary consents). The Collateral Custodian shall hold any Instrument delivered to it evidencing any Loan Asset granted to the Collateral Agent hereunder as custodial agent for the Collateral Agent in accordance with the terms of this Agreement.

  • Subordinated Indebtedness The Obligations constitute senior indebtedness which is entitled to the benefits of the subordination provisions of all outstanding Subordinated Indebtedness.

  • SUBORDINATION AND MORTGAGES In the event Landlord's title or leasehold interest is now or hereafter encumbered by a deed of trust, upon the interest of Landlord in the land and buildings in which the demised Premises are located, to secure a loan from a lender (hereinafter referred to as "Lender") to Landlord, Tenant shall, at the request of Landlord or Lender, execute in writing an agreement subordinating its rights under this Lease to the lien of such deed of trust, or, if so requested, agreeing that the lien of Lender's deed of trust shall be or remain subject and subordinate to the rights of Tenant under this Lease. Notwithstanding any such subordination, Tenant's possession under this Lease shall not be disturbed if Tenant is not in default and so long as Tenant shall pay all rent and observe and perform all of the provisions set forth in this Lease.

  • Affiliate Agreement As of the Effective Date, the Borrower has heretofore delivered (to the extent not otherwise publicly filed with the SEC) to each of the Lenders true and complete copies of the Affiliate Agreement as in effect as of the Effective Date (including any amendments, supplements or waivers executed and delivered thereunder and any schedules and exhibits thereto). As of the Effective Date, the Affiliate Agreement is in full force and effect.

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