Common use of SUBORDINATION TO EXISTING AND FUTURE MORTGAGES Clause in Contracts

SUBORDINATION TO EXISTING AND FUTURE MORTGAGES. 14.1 At the option of Lessor's mortgagee, this Lease shall be subject and subordinate at all times to the lien of any existing mortgage or mortgages and of mortgages which hereafter may be made a lien on Site and/or Building; provided that so long as Lessee is not in default under this Lease, its possession of Leased premises and its rights and privileges hereunder shall not be interfered with by the mortgagee or any purchaser upon a foreclosure of such mortgage. Although no instrument or act on the part of the Lessee shall be necessary to effectuate such subordination, the Lessee shall nevertheless execute and deliver such further instruments subordinating this Lease to the lien of any such mortgages as may be desired by the mortgagee, provided the same acknowledges Lessee's rights as hereinbefore specified. The Lessee hereby appoints the Lessor its attorney-in-fact irrevocably to execute and deliver any such instrument for the Lessee.

SUBORDINATION TO EXISTING AND FUTURE MORTGAGES. 14.1 At the option of Lessor's mortgagee, this Lease shall be subject and subordinate at all times to the lien of any existing mortgage or mortgages and of mortgages which hereafter may way be made a lien on Site and/or Building; provided that so long as Lessee is not in default under this Lease, its possession of Leased premises and its rights and privileges privileged hereunder shall not be interfered with by the mortgagee or any purchaser upon a foreclosure of such mortgage. Although no instrument or act on the part of the Lessee shall be necessary to effectuate such subordination, the Lessee shall nevertheless execute and deliver such further instruments subordinating this Lease to the lien of any such mortgages as may be desired by the mortgagee, provided the same acknowledges Lessee's rights as hereinbefore specified. The Lessee hereby appoints the Lessor its attorney-in-fact irrevocably to execute and deliver any such instrument for the Lessee.

SUBORDINATION TO EXISTING AND FUTURE MORTGAGES. 14.1 At the option of Lessor's mortgagee, this Lease shall be subject and subordinate at all times to the lien of any existing mortgage or mortgages and of mortgages which hereafter may be made a lien on Site and/or Building; provided that so long as Lessee is not in default under this Lease, its possession of Leased premises Premises and its rights and privileges hereunder shall not be interfered with by the mortgagee or any purchaser upon a foreclosure of such mortgage. Although no instrument or act on the part of the Lessee shall be necessary to effectuate such subordination, the Lessee shall nevertheless execute and deliver such further instruments subordinating this Lease to the lien of any such mortgages as may be desired by the mortgagee, provided the same acknowledges Lessee's rights as hereinbefore specified. The Lessee hereby appoints the Lessor its attorney-in-fact irrevocably to execute and deliver any such instrument for the Lessee.

SUBORDINATION TO EXISTING AND FUTURE MORTGAGES. 14.1 At the option of Lessor's mortgagee, this 13.1 This Lease shall be subject and subordinate at all times to the lien of any existing mortgage or mortgages and of mortgages which hereafter may be made a lien on the Site and/or the Building; provided that so long as Lessee is not in default under this Lease, its possession and use of the Leased premises Premises and its rights and privileges hereunder shall not be disturbed or interfered with by the mortgagee Mortgagee or any purchaser upon a foreclosure of such mortgage. Although no instrument or act on the part of the Lessee shall be necessary to effectuate such subordination, the Lessee shall nevertheless execute and deliver such further instruments instruments, in form and content reasonably acceptable to Lessee, subordinating this Lease to the lien of any such mortgages as may be desired by the mortgageeMortgagee, provided the same acknowledges Lessee's rights as hereinbefore specified. The Lessee hereby appoints the Lessor its attorney-in-fact irrevocably to execute and deliver any such instrument for the Lessee.