Subordination and Consent. By signing this environmental covenant, the signatories knowingly and intelligently acknowledge their consent to the terms of this agreement and agree to subordinate their interest in the property. The following persons have expressly consented and subordinated interests: {INSERT: Identify persons and entities that are consenting and subordinating their interests such as mortgagees and other consensual lienholders, lessees, etc. Identify the nature of the subordinated interest. If no subordinated interest, enter “None.”}
Subordination and Consent. Lender, Tenant and Landlord do hereby covenant and agree that the Lease with all rights, options, liens and charges created thereby (including, without limitation, any option or rights contained in the Lease, or otherwise existing, to acquire any or all of the Premises, or any superior leasehold interest therein), is and shall continue to be subject and subordinate in all respects to the lien and terms of the Loan Documents, and to any renewals, modifications, consolidations, replacements and extensions thereof and to all advancements made thereunder. Tenant acknowledges that Landlord will execute and deliver to Lender an assignment of the Lease as security for the Loan, and Tenant hereby expressly consents to such assignment. Tenant agrees that if there is a default by Landlord in the performance and observance of any of the terms of such Loan, Lender may, at its option, demand all rents due under the Lease be paid by Tenant directly to Lender at the address specified below, or as otherwise specified by Lender. Tenant agrees that upon Lender’s written request for payment of rent directly to Lender, Tenant will timely remit any and all payments due under the Lease directly to, and payable to the order of, Lender. Such payments to Lender will constitute performance of Tenant’s payment obligations under the Lease.
Subordination and Consent. (a) Lender hereby consents to Landlord entering into the Lease and the Sublease Agreement, dated the date hereof, between Landlord, as subtenant, and 2U, Inc. (“Parent”) as sublandlord with respect to Parent’s current leasehold estate at 0000 Xxxxxxxxx Xxxxx, Xxxxxxxx, Xxxxxxxx (the “Takeover Sublease”) provided, however, that notwithstanding the foregoing, nothing contained herein shall be construed as a consent to, approval of, or ratification by Lender of, any of the particular provisions of the Lease or Takeover Sublease or any matter referred to or contained therein (except as may be expressly approved herein).
Subordination and Consent. By signing this environmental covenant, the signatories knowingly and intentionally acknowledge their consent to the terms of this agreement and agree to subordinate their interest in the property. The following persons have expressly consented and subordinated interests: [INSERT: Identify persons and entities that are consenting and subordinating their interests such as mortgagees and other consensual lienholders, lessees, etc. Identify the nature of the subordinated interest. If a subordination agreement is entered, it must be fully executed and attached to the final covenant PRIOR to submittal to the DNR for signature. If no subordinated interests, INSERT “No subordinated interests.” after section 20.]
Subordination and Consent. By signing this Environmental Covenant, the following parties knowingly and intelligently acknowledge their consent to the terms of this Environmental Covenant and agree to subordinate their interest in the Property to this Environmental Covenant: City of Oelwein, licensee and grantee of an easement for the installation of a water pipe line on the Property. D&W Railroad, LLC, a Delaware limited liability company, grantee of a Non- Exclusive Perpetual Easement on the Property, rights of ingress and egress for the purpose of constructing, realigning, using, maintaining, repairing, and renewing the railroad trackage and track improvements on the Property, as established under an Easement Deed dated September 26, 2003 and filed on November 24, 2003 as Instrument No. 20035097 in the records of the Recorder of Fayette County, Iowa, as amended and corrected by the Correction Easement Deed dated September 16, 2019, effective as of September 26, 2003, and filed on January 2, 2020 in Book 2020 Page 16 in the records of the Recorder of Fayette County, Iowa. Transco Railway Products Inc., a Delaware corporation, as party (with D&W Railroad, LLC) to a Covenant and Services Agreement dated as of May 13, 2019 affecting the Property and certain other real estate, as described in the Memorandum of Covenant and Private Services Agreement dated May 13, 2019 and recorded with the Recorder of Fayette County, Iowa on May 16, 2019 in Book 2019 Page 1339. Pursuant to IC §455I.3(4)(d), the foregoing consent and agreement by the City of Oelwein, D&W Railroad, LLC and Transco Railway Products Inc. in this Section 19 to subordinate their interests in the Property to this Environmental Covenant affects the priority of their respective interests in the Property but does not impose any affirmative obligations on the City of Oelwein, D&W Railroad, LLC or Transco Railway Products Inc. with respect to this Environmental Covenant.
Subordination and Consent. By signing this environmental covenant, the signatories knowingly and intelligently acknowledge their consent to the terms of this agreement and agree to subordinate their interest in the property. The following persons have expressly consented and subordinated interests: None. ACKNOWLEDGMENTS GRANTOR and HOLDER: CITY OF CENTERVILLE, IOWA, an Iowamunicipal corporation By: _ Xxxxxxx Xxxxxxx, City Administrator State of Iowa ) County of Appanoose ) ss. On this day of , 2016, before me personally appeared Xxxxxxx Xxxxxxx, known to me to be the City Administrator of the City of Centerville, Iowa who executed the foregoing instrument, and acknowledge that this person executed the same as his voluntary act and deed. Notary Public for State of Iowa b~ AGENCY:
Subordination and Consent. Third National Bank in Nashville, as the lawful owner and holder of the indebtedness secured by the lien of that certain Deed of Trust of record in Book 7252, page 130, Registrar's Office for Davidson County, Tennessee, as amended by instruments of record in Book 7874, page 623, and Book 8068, page 743, said Registrar's Office; that certain Financing Statement of record in Book 7252, page 142, said Registrar's Office; that certain Deed of Trust of record in Book 7449, page 156, said Registrar's Office, as amended by instruments of record in Book 7874, page 618, and Book 8068, page 746, said Registrar's Office; and that certain Financing Statement of record in Book 7874, page 626, said Registrar's Office (collectively the “Loan Documents”) joins herein for the purpose of of consenting to all of the terms and provisions of the Declaration, and for the purpose of subordinating the liens evidenced by the Loan Documents to all of the terms and provisions of the Declaration, except for the terms and provisions of Article V of the Declaration, describing the lien securing the payment of annual and special assessments, which lien shall continue to be subordinate to the liens evidenced by the Loan Documents. By-‐Laws of Harborview at Cheswicke Homeowner' s Association Article I: Definitions The following words, when used herein, shall have the following meanings:
Subordination and Consent. Upon Lessor's request, Lessee shall make a limited subordination of Lessee's rights hereunder to the lien of any mortgage, deed of trust, or other security document which is a lien against the Premises; provided, however, that Lessee's obligation to provide such limited subordination shall be conditioned upon and subject to Lessee receiving an agreement in proper form for recording from such security interest holder (hereafter the "holder"), for said holder and its successors and assigns, whereby said holder agrees that in the event of a default under such mortgage, deed of trust, or other security document, for so long as Lessee shall not have failed to timely cure a default hereunder as would permit Lessor to terminate this Lease: (a) such holder (and its successors and assigns) shall not cut off or terminate this Lease (including without limitation any of the extended terms herein provided), and (b) the holder (and its successors and assigns) shall not disturb Lessee in its possession or use of the Premises, and (c) despite such mortgage, deed of trust, or other security document, and any default by Lessor and/or liquidation or foreclosure thereunder, this Lease and Lessee's rights and occupancy hereunder shall continue in full force and effect and shall be unimpaired and unaffected, and therefore not terminated, modified, diminished, or disturbed in any way whatsoever by any reason thereof. Lessee agrees that upon Lessor's request the said limited subordination shall also provide that for so long as Lessor shall not have failed to timely cure a default hereunder, then upon the holder obtaining the rights of Lessor hereunder the Lessee shall attorn to the holder and the holder shall be obligated to Lessee hereunder.
