Subordination and Acknowledgement. This Lease shall at the option of the Landlord or the mortgagee under any mortgage now or hereafter existing affecting the Development, exercisable at any time and from time to time by the Landlord or such mortgagee, be either subject and subordinate to such mortgage and accordingly not binding upon such mortgagee or alternatively rank prior to such mortgage and accordingly be binding upon such mortgagee. On request at any time and from time to time of the Landlord or such mortgagee, the Tenant shall either postpone and subordinate this Lease or any caveat based thereon to such mortgage with the intent and effect that this Lease and all rights of the Tenant shall be subject to the rights of such mortgagee as fully as if the mortgage (regardless of when made) had been made prior to the making of this Lease, or alternatively to attorn to such mortgagee and become bound to it as its tenant of the Leased Premises for the then expired residue of the Term and upon the terms and conditions contained in this Lease, in each case as the Landlord or such mortgagee may require. Without limiting the foregoing (and notwithstanding that any previous attornment or subordination in favour of such mortgagee shall have been given) the Tenant shall execute promptly the appropriate instrument of postponement and subordination or alternatively the appropriate instrument of attornment, as the case may be, in order to give effect to the foregoing.
Subordination and Acknowledgement. This Lease and all of the rights of the Tenant hereunder are, and shall at all times be, subject and subordinate to any and all mortgages, trust deeds or the charge or lien resulting from any other method of financing or refinancing or any renewals, extensions, modifications, consolidations and replacements thereof, now or hereafter in force against the Lands and Building whether in whole or in part and whether or not affecting only the Leased Premises or whether same be a blanket mortgage or mortgages and/or deeds of trust affecting other property as well and, upon the request of the Landlord, the Tenant will subordinate this lease and all of its rights hereunder, in such form or forms as the Landlord may require, to any such mortgage or mortgages, trust deeds or the charge or lien resulting from any other method of financing or refinancing and to all advances made or hereafter to be made upon the security thereof, and will, if requested, attorn to the holder thereof. The Tenant shall execute such postponements of any documents which the Tenant may have registered pursuant to Section , and such other documents as the Landlord may request in confirmation of such subordination. No subordination by the Tenant shall have the effect of permitting the holder of any mortgage or charge or other security to disturb the occupation and possession by the Tenant of the Leased Premises, so long as the Tenant shall perform all of the terms, covenants, conditions, agreements and provisos contained in this Lease and so long as the Tenant contemporaneously executes, a document or attornment required by such mortgagee or other encumbrancer.
