Subordination of Leases. All Leases and the rights of tenants ------------------------- thereunder shall be subordinate to the lien of this Mortgage and to all terms, - conditions and provisions hereof, and to any renewal, consolidation, extension, modification or replacement hereof, and every Lease shall provide for such subordination therein.
Appears in 3 contracts
Samples: Leasehold Mortgage (Emeritus Corp\wa\), Leasehold Mortgage, Security Agreement, Assignment of Leases and Rents, Financing Statement and Fixture Filing (Emeritus Corp\wa\), Leasehold Mortgage (Emeritus Corp\wa\)
Subordination of Leases. All Leases (including without limitation the Facility Lease of the Mortgage Property, between Mortgagor and Mortgagee) and the rights of tenants ------------------------- thereunder shall be subordinate to the lien of this Mortgage and to all terms, - conditions and provisions hereof, hereof and to any renewal, consolidation, extension, modification or replacement hereof, and every Lease shall provide for such subordination therein.
Appears in 2 contracts
Samples: Mortgage Deed, Assignment of Rents and Leases and Security Agreement (Iatros Health Network Inc), Mortgage Deed, Assignment of Rents and Leases and Security Agreement (Iatros Health Network Inc)
Subordination of Leases. All Leases and the rights of tenants ------------------------- thereunder shall be subordinate to the lien of this Mortgage and to all terms, - conditions and provisions hereof, and to any renewal, consolidation, extension, modification or replacement hereof, and every Lease shall provide for such subordination therein; provided, however, Lender and Borrower may establish by mutual agreement a minimum threshold for leases that will require the subordination provision based upon the annual rent payable under such lease.
Appears in 1 contract
Subordination of Leases. All Leases and the rights of tenants ------------------------- thereunder shall be subordinate to the lien of this Mortgage Deed of Trust and to all - terms, - conditions and provisions hereof, and to any renewal, consolidation, extension, modification or replacement hereof, and every Lease shall provide for such subordination therein.
Appears in 1 contract
Samples: Leasehold Mortgage/Deed of Trust (Emeritus Corp\wa\)
