Subordination Estoppel. 22.1 Lessor and Lessee agree that this Lease and the Purchase Option are superior to and have priority over, and Lessee’s obligations hereunder are contingent upon this Lease and the Purchase Option being superior to and having priority over, all mortgages, deeds of trust and any and all other forms or manner of financing liens in any amount, and all advances thereon, and all renewals, modifications, consolidations, replacements and extensions thereof (each a “Mortgage” and collectively “Mortgages”) which are entered into subsequent to the date of this Lease.
Appears in 6 contracts
Samples: Assignment and Assumption Agreement, Assignment and Assumption Agreement, Assignment and Assumption Agreement (Sovran Self Storage Inc)
