Subordination of Landlord’s Lien. The Landlord hereby subordinates any lien or privilege it may have on any movables found from time to time in or upon the Site, including without limitation, the Landlord’s privileges pursuant to La. Civil Code articles 2707, et seq., to any Leasehold Lender’s rights under this Section 23 and the lien of any Leasehold Mortgage.
Subordination of Landlord’s Lien. Landlord does hereby agree to subordinate any statutory lien on Tenant’s Property granted to Landlord to the lien of any lender providing financing to Tenant that is secured by Tenant’s trade fixtures, equipment, inventory or other personal property located at the Leased Premises, all pursuant to a landlord lien subordination agreement in form and substance reasonably satisfactory to Landlord.
Subordination of Landlord’s Lien. Landlord agrees that, upon the request of any Person that shall be Tenant’s lessor or secured lender with respect to Tenant’s Personal Property, Landlord shall negotiate in good faith for the purpose of executing and delivering a commercially reasonable subordination of Landlord’s rights under Article 15 and Landlord’s statutory lien rights, if any, and a consent and agreement with respect to the respective rights of Landlord and such Person regarding the interests, in, and the timing and removal of, any Tenant’s Personal Property, inventory or equipment in which such Person has a security interest (the “Collateral”), in form and substance reasonably acceptable to Landlord and such Person, so long as such subordination and agreement (i) provides for the indemnification of Landlord against any claims by Tenant or any Person claiming through Tenant in connection with the removal of any of the Collateral by such Person or the exercise of any rights with respect thereto by such Person and any indemnity from all parties claiming an interest in the Collateral against any claims arising from the disposal of any Collateral once deemed abandoned, (ii) expressly excludes any claim by such Person to any right, title or interest in or to any Fixtures, (iii) provides for a reasonable, but in no event more than sixty (60) days after Notice from Landlord, time frame for the removal of such Collateral by such Person after the expiration of which such Collateral shall be deemed abandoned, and (iv) provides for, and shall condition such Person’s right to allow the Collateral to remain at the Leased Property on, the per diem payment of Minimum Rent due hereunder by such Person for each day following the date of the expiration or termination of this Agreement that Landlord permits such Person’s Collateral to remain in the Leased Property. Tenant shall pay all costs (including legal fees) incurred in connection with the negotiation of such subordination agreement(s), within ten (10) days of invoice therefor.
Subordination of Landlord’s Lien. County does hereby subordinate its statutory landlord’s lien to the lien and operation of any Leasehold Mortgage. This subordination of County’s lien shall be self operative.
Subordination of Landlord’s Lien. Landlord agrees to subordinate its landlord's lien on Tenant's personal property to the lien of Tenant's lender if the terms of such subordination are reasonably acceptable to Landlord.
Subordination of Landlord’s Lien. Landlord agrees to, upon request from Tenant, to subordinate its Landlord’s Lien set forth in Section 40 of the Lease in Tenant’s furniture, fixtures, equipment, inventory and other personal property to the lien and security interest which is granted by Tenant to a third-party equipment financier that provides purchase money financing to Tenant for the purchase of said furniture, fixtures, equipment, inventory and other personal property; provided, however, that any such subordination shall only be effective as long as (i) such third party enters into a subordination agreement with Landlord on terms acceptable to Landlord; (ii) Landlord shall not be required to incur any costs in connection with its obligations under such subordination agreement; and (iii) Tenant reimburses Landlord for its out of pocket costs to negotiate such subordination agreement, including, but not limited to, reasonable attorneys’ fees.
Subordination of Landlord’s Lien. Landlord hereby agrees to subordinate any and all liens it may assert with respect to Tenant’s personal property, including any statutory, constitutional or contractual liens, to any Leasehold Mortgage or purchase money financing used to obtain such personal property. Nothing contained in this Section 9.5 shall apply to any judgment lien obtained against any property of Tenant or to any contractual lien expressly granted by Tenant in a documents separate from this Lease.
Subordination of Landlord’s Lien. Landlord hereby subordinates any statutory landlord’s lien Landlord may have in any trade fixtures, equipment, machinery and inventory of Tenant in favor of any bona fide third-party lender having a security interest in such property, except that the above subordination shall not apply to
(a) any equipment, fixtures or leasehold improvements which belong to or will belong to Landlord after the expiration or earlier termination of this Lease (including without limitation plumbing and electrical fixtures and equipment, heating, ventilation and air-conditioning equipment, wall and floor coverings, walls or ceilings or other fixtures or machinery attached to the Premises and not constituting trade fixtures, all of which will be deemed to constitute a part of the leasehold interest of Landlord); or (b) any cash on hand or on deposit in Tenant’s accounts which Landlord may claim through legal collection procedures. Tenant acknowledges that, notwithstanding Landlord’s agreement to subordinate any statutory lien as provided above, Tenant shall not have the right to hypothecate or collaterally assign its interest on this Lease.
Subordination of Landlord’s Lien. Landlord and the City hereby subordinate Landlord's liens and privileges (except for those Impositions recognized in Section 9.1 of this Lease) they may have now or at any time hereafter on or against any property of Space Tenants or Tenant's Property on the Leased Premises, whether the lien or privilege is granted by law or contract, in favor of any and all mortgages, security interests, liens, privileges, lessors' rights, and other security rights and interests now or at any time hereafter held as security for one or more loans or leases to Tenant, Casino Subtenant or any Space Tenant. This subordination shall be self‑operative, however, Landlord and the City agree to execute from time to time one or more documents reflecting this agreement, which documents shall be in form and substance reasonably satisfactory to the requesting lender. Notwithstanding any other provision contained in this Lease, Landlord and the City do not subordinate any lien against any property or rights to property, whether movable or immovable, if the lien results from a failure to pay taxes after demand, or if the lien results from the exercise of any similar governmental authority.
Subordination of Landlord’s Lien. Notwithstanding anything in this Lease to the contrary, if Tenant desires to grant or assign a mortgage or other security interest secured by Tenant’s personal property located in the Premises and requests that Landlord execute a lien agreement in connection therewith, Landlord shall, subject to Landlord’s lender’s approval, either waive or subordinate its lien rights to the rights of Tenant’s lender pursuant to a commercially reasonable form. Tenant shall reimburse Landlord for Landlord’s costs to review and execute such agreement, in an amount not to exceed $2,000.00 per agreement request.
