Subordination and Assignment the Permitted Sub-Lease shall provide that (aa) the Permitted Sub-Lease is subject and subordinate to the Lease in all respects and the rights of the Permitted Sub-Lessee under the Permitted Sub-Lease are subject and subordinate in all respects to the rights of Lessor under the Lease; and (bb) prior to delivery of the Aircraft to the Permitted Sub-Lessee (as a condition precedent thereof), the Permitted Sub-Lessee shall provide an acknowledgement to Lessor and Owner in a form reasonably satisfactory to Lessor, confirming its agreement to this provision and confirming that its rights to possession of the Aircraft under the Permitted Sub-Lease will terminate immediately upon the termination of the Lease, and that it will redeliver the Aircraft to Lessor, upon notification from Lessor that an Event of Default has occurred and that it has, as a result thereof, terminated Lessee's right to possession of the Aircraft under the Lease (the "Subordination Acknowledgement"). The Permitted Sub-Lease shall be assigned, as security, to Lessor for Lessee's obligations under the Lease, pursuant to an agreement reasonably acceptable to Lessor (the "Sub-Lease Assignment") (and, if applicable, Lessor's interest in such Sub-Lease Assignment may be reassigned, as security, to Owner and/or the Financing Parties' Representative);
Subordination and Assignment. The Collateral Manager agrees that the payment of all amounts to which it is entitled pursuant to this Agreement shall be subordinated to the extent set forth in, and the Collateral Manager agrees to be bound by the provisions of, Article XI of the Indenture and each of the Collateral Manager and Issuer hereby consents to the assignment of this Agreement as provided in Section 15.1 of the Indenture. Without limiting the foregoing, the Collateral Manager hereby acknowledges and agrees that its claims in respect of any accrued and unpaid Incentive Management Fee shall, both before and after the commencement of the winding-up of the Issuer, be subordinated to the claims of the Holders of the Preferred Interests to the payment of any distribution on the Preferred Interests in the manner and to the extent provided in the Priority of Payments.
Subordination and Assignment. Upon the occurrence and during the continuation of any Event of Default, each Guarantor hereby subordinates in favor of Lender any claims of such Guarantor against any Borrower or in or to any property of any Borrower, to the extent that any such claims arise hereafter by reason of payments made by such Guarantor upon any item or items of the Guaranteed Obligations, and each Guarantor hereby assigns to Lender any such claim hereafter arising and authorizes Lender to apply any payments thereon upon such item or items of the Guaranteed Obligations as Lender may determine. Upon the termination of this Agreement as herein provided, Lender agrees to reassign to Guarantors any claim which is assigned pursuant to this Section.
Subordination and Assignment. Tenant agrees that its rights under this ---------------------------- Lease are and shall remain subject and subordinate to the WCC Lease Documents. Further, if Landlord falls to enforce its rights hereunder after thirty (30) days written notice to Landlord, WCC may enforce such rights. This Lease, together with all of Landlord's right, title and interest therein has been assigned to WCC as security for all of Landlord's obligations to WCC under the WCC Lease Documents.
Subordination and Assignment. 8.1 Security Interests and Secured Parties --------------------------------------
Subordination and Assignment. The Guarantor hereby subordinates in favor of the Administrative Agent its claims against the Borrowers or in or to any property of the Borrowers, to the extent that any such claims arise hereafter by reason of payments made by the Guarantor upon any item or items of the Guaranteed Obligations, and the Guarantor hereby assigns to the Administrative Agent any such claims hereafter arising and authorizes the Administrative Agent to apply any payments thereon upon such item or items of the Guaranteed Obligations as the Administrative Agent may determine. Upon the termination of this Guaranty as herein provided, the Administrative Agent agrees to reassign to the Guarantor any claim which is assigned pursuant to this Section 6.
Subordination and Assignment. 12.1 This Agreement and the leasehold in the Premises created hereunder shall be C:\Documents and Settings\Default\Mv Documents\AAOPA-President\Lease Agreement Vacant Land REDLINED 6-2807 .do<>L.\CL020000\20G20\r v. v. 01 'h';ld\Lv_ov /'01 <"I"Out_V H_Hut LH •• J _ RCDLH n:o _ G 28 07.doo subject to and expressly subordinate at all times to the lien of any mortgage filed with respect to the Premises, whether now existing or in the future made; provided, however, that any such mortgage shall expressly provide that in any foreclosure proceeding of the Premises the Lessee will not be made a party thereunder and in any sale of the Premises in foreclosure or by deed in lieu of foreclosure or otherwise this Agreement and the leasehold in the Premises created hereunder shall remain undisturbed and in full force and effect for so long as the Lessee is not in default of the terms and conditions of this Agreement.
12.2 The Lessor may transfer or assign the Premises subject to this Lease.
12.3 The Lessee shall not transfer, sell nor assign all or any portion of its interest in this Lease hereunder without the written consent of the Lessor.
Subordination and Assignment. The Collateral Manager agrees that the payment of all amounts to which it is entitled pursuant to this Agreement shall be subordinated to the extent set forth in, and the Collateral Manager agrees to be bound by the provisions of, Article XI of the Indenture and each of the Collateral Manager and Issuer hereby consents to the assignment of this Agreement as provided in Section 15.1 of the Indenture.
Subordination and Assignment. The Guarantor hereby subordinates in favor of the Lender its claims against the Borrowers or in or to any property of the Borrowers, to the extent that any such claims arise hereafter by reason of payments made by the Guarantor upon any item or items of the Guaranteed Obligations, and the Guarantor hereby assigns to the Lender any such claims hereafter arising and authorizes the Lender to apply any payments thereon upon such item or items of the Guaranteed Obligations as the Lender may determine. Upon the termination of this Guaranty as herein provided, the Lender agrees to reassign to the Guarantor any claim which is assigned pursuant to this Section 6.
Subordination and Assignment
