Common use of Subordination of Fee Title Clause in Contracts

Subordination of Fee Title. It is expressly understood and agreed that the Entity has the right, subordinate to the lien of the Annual Service Charge and to the rights of the Borough hereunder, to encumber and/or lease and/or assign the fee title to the Project Area and/or Project, and that any such encumbrance, lease or assignment shall not be deemed to be a violation of this Agreement.

Subordination of Fee Title. It is expressly understood and agreed that the Entity has the right, subordinate to the lien of the Annual Service Charge Charge, and to the rights of the Borough hereunder, City hereunder to encumber and/or lease the Land and/or assign the fee title to the Project Area and/or ProjectImprovements, and that any such encumbrance, lease encumbrance or assignment shall not be deemed to be a violation of this Agreement.

Subordination of Fee Title. It is expressly understood and agreed that the Entity has the right, subordinate to the lien of the Annual Service Charge Charges and to the rights of the Borough hereunderCity, to encumber and/or or assign, or both, the lease and/or assign the fee title to the Land or Project Area and/or ProjectImprovements or both, and that any such encumbrance, lease encumbrance or assignment shall not be deemed to be a violation of this Financial Agreement.

Subordination of Fee Title. It is expressly understood and agreed that the Entity has the right, subordinate to the lien of the Annual Service Charge and to the rights of the Borough Township hereunder, to encumber and/or lease and/or assign the fee title to the Project Area and/or Project, and that any such encumbrance, lease or assignment shall not be deemed to be a violation of this Financial Agreement.

Subordination of Fee Title. It is expressly understood and agreed that the Entity has the right, subordinate to the lien of the Annual Service Charge and to the rights of the Borough hereunderCharges, to encumber and/or lease the Land and/or assign the fee title to the Project Area and/or ProjectImprovements, and that any such encumbrance, lease encumbrance or assignment shall not be deemed to be a violation of this Agreement.