Common use of SUBORDINATION, ATTORNMENT AND MORTGAGEE PROTECTION Clause in Contracts

SUBORDINATION, ATTORNMENT AND MORTGAGEE PROTECTION. (A) Subordination and nondisturbance Tenant agrees that this lease is and shall be subject and subordinate to all mortgages (as defined in article XXVI) now or hereafter placed upon the property, provided, however, that such subordination shall be subject to the express condition that the holder of any mortgage shall have furnished to tenant a nondisturbance agreement in recordable form reasonably satisfactory to tenant. In the event, however, that any holder (as defined in article XXVI) shall elect to make this lease prior to the lien of its mortgage, and shall give written notice thereof to tenant, this lease shall be deemed prior to such mortgage. Tenant shall execute such documentation as landlord may reasonably request from time to time, in order to confirm the matters set forth in this article XX, in recordable form.

Appears in 4 contracts

Samples: Lease Agreement (Southern Bella Inc), Lease Agreement (Southern Bella Inc), Lease Agreement (Southern Bella Inc)

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