Common use of Subordination of Management Agreement to Lien of Mortgages Clause in Contracts

Subordination of Management Agreement to Lien of Mortgages. Any and all liens, rights and interests (whether xxxxxx or inchoate and including, without limitation, all mechanics' and materialmen's liens under applicable law) owned, claimed or held, or to be owned, claimed or held, by Manager in and to the Property, other than rights of Manager to receive payment of the basic management fee and all other amounts payable under the Management Agreement for periods prior to the termination thereof, are and shall be, and are hereby made, in all respects subordinate and inferior to the liens and security interests created or to be created for the benefit of Lender, its successors and assigns, and securing the repayment of the Debt and including, without limitation, those created under and by virtue of the Mortgage.

Subordination of Management Agreement to Lien of Mortgages. Any ----------------------------------------------------------- and all liens, rights and interests (whether xxxxxx or inchoate and including, without limitation, all mechanics' mechanic's and materialmenmaterialman's liens under applicable law) owned, claimed or held, or to be owned, claimed or held, by Manager in and to the Property, other than rights of Manager to receive payment of the basic management fee and all other amounts payable under the Management Agreement for periods prior to the termination thereof, are and shall be, and are hereby made, in all respects subordinate and inferior to the liens and security interests created or to be created for the benefit of Lender, its successors and assigns, and securing the repayment of the Debt and including, without limitation, those created under and by virtue of the MortgageMortgages.

Subordination of Management Agreement to Lien of Mortgages. Any and all liens, rights and interests (whether xxxxxx or inchoate and including, without limitation, all mechanics' and materialmen's liens under applicable law) owned, claimed or held, or to be owned, claimed or held, by Manager in and to the Property, other than rights of Manager to receive payment of the basic base management fee and all other amounts payable under the Management Agreement for periods prior to the termination thereof, are and shall be, and are hereby made, in all respects subordinate and inferior to the liens and security interests created or to be created for the benefit of Lender, its successors and assigns, and securing the repayment of the Debt and including, without limitation, those created under and by virtue of the MortgageMortgages.