Subordination; Requirements of Lenders. 15.1 This Lease shall be subject and subordinate at all times to (a) all ground leases or underlying leases which may now exist affecting all or any portion of the Project, and (b) the lien of any mortgage or deed of trust which may now exist affecting all or any portion of the Project.
Appears in 3 contracts
Samples: Lease (Ritter Pharmaceuticals Inc), Lease (National Mercantile Bancorp), Lease (National Mercantile Bancorp)
Subordination; Requirements of Lenders. 15.1 This 16.1. Without the necessity of any additional document being executed by Tenant for the purpose of effecting a subordination, this Lease shall be subject and subordinate at all times to (a) all ground leases or underlying leases which may now exist or hereafter be executed affecting all or any portion of the Project, and (b) the lien of any mortgage or deed of trust which may now exist or hereafter be executed affecting all or any portion of the Project.
Appears in 1 contract
