Common use of SUBORDINATION; ESTOPPEL CERTIFICATES Clause in Contracts

SUBORDINATION; ESTOPPEL CERTIFICATES. 10.1 This lease, and the rights of Tenant under this lease, are subject and subordinate in all respects to all present and future underlying leases of the Building, including all modifications, extensions and replacements thereof (“Superior Leases”) and all present and future mortgages on any Superior Lease or on the Building, including all modifications, extensions, supplements, consolidations or replacements thereof (“Mortgages”), and all advances made under any Mortgage. This Section 10.1 is self-operative and no further instrument of subordination is required. Tenant shall, within fifteen (15) Business Days following Landlord’s request, sign, acknowledge and deliver any instrument that Landlord, any Landlord under a Superior Lease (“Superior Landlord”) or any mortgagee under a Mortgage (“Mortgagee”) may reasonably request to evidence that subordination.

Appears in 1 contract

Samples: Office Lease (Synacor, Inc.)

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SUBORDINATION; ESTOPPEL CERTIFICATES. 10.1 Section . This leaseLease, and the rights of Tenant under this leaseLease, are subject and subordinate in all respects to all present and future underlying leases of the BuildingImprovements, including all modifications, extensions and replacements thereof (“Superior Leases”) and all present and future mortgages on any Superior Lease or on the Building, including all modifications, extensions, supplements, consolidations or and replacements thereof (“Mortgages”), and all advances made under any Mortgage. This Section 10.1 is self-operative and no further instrument of subordination is required. Tenant shall, within fifteen (15) Business Days 15 days following receipt of Landlord’s 's request, sign, acknowledge and deliver any instrument that Landlord, any Landlord landlord under a Superior Lease (“Superior Landlord”) or any mortgagee under a Mortgage (“Mortgagee”) may reasonably request to evidence that subordination.

Appears in 1 contract

Samples: Contract of Sale (Vicon Industries Inc /Ny/)

SUBORDINATION; ESTOPPEL CERTIFICATES. 10.1 Section 12.1 This lease, and the rights of Tenant under this lease, are subject and subordinate in all respects to all present and future underlying leases of the Building, including all modifications, extensions and replacements thereof ("Superior Leases") and all present and future mortgages on any Superior Lease or on the Building, including all modifications, extensions, supplements, consolidations or and replacements thereof ("Mortgages"), and all advances made under any Mortgage. This Section 10.1 is self-operative and no further instrument of subordination is required. Tenant shall, within fifteen (15) Business Days 15 days following receipt of Landlord’s 's request, sign, acknowledge and deliver any instrument that Landlord, any Landlord landlord under a Superior Lease ("Superior Landlord") or any mortgagee under a Mortgage ("Mortgagee") may reasonably request to evidence that subordination.

Appears in 1 contract

Samples: PERF Go-Green Holdings, Inc

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SUBORDINATION; ESTOPPEL CERTIFICATES. 10.1 Section 12.1 This lease, and the rights of Tenant under this lease, are subject and subordinate in all respects to all present and future underlying leases of the Building, including all modifications, extensions and replacements thereof (“Superior Leases”) and all present and future mortgages on any Superior Lease or on the Building, including all modifications, extensions, supplements, consolidations or and replacements thereof (“Mortgages”), and all advances made under any Mortgage. This Section 10.1 is self-operative and no further instrument of subordination is required. Tenant shall, within fifteen (15) Business Days 15 days following receipt of Landlord’s request, sign, acknowledge and deliver any instrument that Landlord, any Landlord landlord under a Superior Lease (“Superior Landlord”) or any mortgagee under a Mortgage (“Mortgagee”) may reasonably request to evidence that subordination.

Appears in 1 contract

Samples: Office Lease

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