Common use of Subordination; Attornment Clause in Contracts

Subordination; Attornment. So long as it is provided a subordination, nondisturbance and attornment agreement in form and substance reasonably acceptable to it, upon request of Landlord, Tenant will in writing subordinate its rights hereunder to the lien of any mortgage or deed of trust, to any bank, insurance company or other lending institution, now or hereafter in force against the Premises, and to all advances made or hereafter to be made upon the security thereof. In the event any proceedings are brought for foreclosure, or in the event of the exercise of the power of sale under any mortgage or deed of trust made by Landlord covering the Premises, Tenant shall attorn to the purchaser upon any such foreclosure or sale, and recognize such purchaser as the Landlord under this Lease so long as it is provided a subordination, nondisturbance and attornment agreement in form and substance reasonably acceptable to it. The provisions of this subparagraph to the contrary notwithstanding, and so long as Tenant is not in default hereunder, this Lease shall remain in full force and effect for the full Lease Term hereof.

Appears in 6 contracts

Samples: Lease (VCG Holding Corp), Lease (VCG Holding Corp), Lease (VCG Holding Corp)

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Subordination; Attornment. So long as it is provided a subordination, nondisturbance and attornment agreement in form and substance reasonably acceptable to it, upon request of Landlord, Tenant will in writing subordinate its rights hereunder to the lien of any mortgage or deed of trust, to any bank, insurance company or other lending institution, now or hereafter in force against the Demised Premises, and to all advances made or hereafter to be made upon the security thereof. In the event any proceedings are brought for foreclosure, or in the event of the exercise of the power of sale under any mortgage or deed of trust made by Landlord covering the Demised Premises, Tenant shall attorn to the purchaser upon any such foreclosure or sale, and recognize such purchaser as the Landlord under this Lease so long as it is provided a subordination, nondisturbance and attornment agreement in form and substance reasonably acceptable to it. The provisions of this subparagraph to the contrary notwithstanding, and so long as Tenant is not in default hereunder, this Lease shall remain in full force and effect for the full Lease Term hereof.

Appears in 2 contracts

Samples: Lease, Lease (VCG Holding Corp)

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Subordination; Attornment. So long as it is provided a subordination, nondisturbance and attornment agreement in form and substance reasonably acceptable to it, upon Upon request of the Landlord, Tenant will will, in writing writing, subordinate its rights hereunder to the lien of any first mortgage or first deed of trust, trust to any bank, insurance company or other lending institution, now or hereafter in force against the PremisesLeased Premises upon any building hereafter placed upon the land of which the Leased Premises are a part, and to all advances made or hereafter to be made upon the security thereof. In the event any proceedings are brought for foreclosure, foreclosure or in the event of the exercise exercises of the power of sale under any mortgage or deed of trust made by the Landlord covering the Leased Premises, the Tenant shall attorn to the purchaser upon any such foreclosure or sale, of sale and recognize such purchaser purchases as the Landlord under this Lease so long as it is provided a subordination, nondisturbance and attornment agreement in form and substance reasonably acceptable to itLease. The provisions of this subparagraph Article to the contrary notwithstandingnot withstanding, and so long as Tenant is not in default hereunderhereunder and attorns to the purchaser, this Lease shall remain in full force and effect for the full Lease Term term hereof, and tenant shall peacefully and quietly have, hold and enjoy the Leased Premises free from claims of Landlord, or those claiming under Landlord, subject to the provisions of this Lease.

Appears in 2 contracts

Samples: Lease Agreement (MKS Instruments Inc), Lease Agreement (MKS Instruments Inc)

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