SUBORDINATION TO GROUND LEASE Sample Clauses

SUBORDINATION TO GROUND LEASE. The Parties acknowledge and agree that in the event Licensor’s rights in the Licensed Space and/or any part of the Tower Facility is derived in whole or part pursuant to an underlying lease, sublease, permit, easement or other right of use agreement (a “Ground Lease”), all terms, conditions and covenants contained in this Agreement shall be specifically subject to and subordinate to the terms and conditions of the applicable Ground Lease. In the event that any of the provisions of the Ground Lease are in conflict with any of the provisions of this Agreement (other than those provisions relating to the length of term, termination rights or financial consideration), the terms of the Ground Lease shall control. Further, Licensee agrees to comply with the terms of such Ground Lease as applicable to the access and occupancy of the Licensed Space. Notwithstanding anything contained in this Agreement to the contrary, if the Ground Lease expires or is terminated for any reason, this Agreement shall terminate on the effective date of such termination and Licensor shall have no liability to Licensee as a result of the termination of this Agreement. Licensor is under no obligation to extend the term of or renew the Ground Lease. Licensor shall give Licensee written notice of such termination or expiration of this Agreement as a result of the termination or expiration of the Ground Lease as soon as practicable. Unless prohibited by the terms of such Ground Lease, upon Licensee’s written request, Licensor shall provide a copy of any applicable Ground Lease with the economic terms and other terms that Licensor deems reasonably confidential redacted.
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SUBORDINATION TO GROUND LEASE. This Lease is and shall be subject and subordinate to the Amended, Restated and Consolidated Ground Lease between the Massachusetts Port Authority (as ground lessor) (the “Ground Lessor” or the “Authority”), and Landlord, as successor in interest to Boston Harbor Industrial Development LLC (as ground lessee), dated as of March 31, 2010, notice of which is recorded with the Suffolk County Registry of Deeds in Book 46261, Page 23, and filed with the Suffolk Registry District of the Land Court as Document No. 776685 (the “Ground Lease”).
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SUBORDINATION TO GROUND LEASE. Subject to Section 2.2, this Lease and all of Tenant's rights hereunder are and shall be subject and subordinate to the Ground Lease and any amendments or modifications thereof. If a Memorandum of Ground Lease is not of record as of the date hereof, then this Lease shall automatically become subordinate to the Ground Lease upon recordation of a Memorandum of Ground Lease, and within twenty (20) days after the receipt of a request from Landlord or any Mortgagee, Tenant shall confirm such subordination by executing a recordable subordination agreement in form and content reasonably satisfactory to Landlord.
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SUBORDINATION TO GROUND LEASE. This Lease and all rights of the Guarantor hereunder (except for the Unassigned Rights) are, and shall be, subject and subordinate to the Ground Lease, all renewals, modifications, consolidations, replacements, and extensions thereof."
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SUBORDINATION TO GROUND LEASE. This Lease and all of Tenant's rights hereunder are and shall be subject and subordinate to the Ground Lease(s) and any amendments or modifications thereof. Tenant hereby acknowledges that the Rents payable hereunder have been assigned to the Ground Lessors subject to the rights of the Mortgagee. If any Memorandum of Ground Lease is not of record as of the date hereof, then this Lease shall automatically become subordinate to such Ground Lease upon recordation of a Memorandum of Ground Lease, and within ten (10) days after the receipt of a request from Landlord or any Ground Lessor, Tenant shall confirm such subordination by executing a recordable subordination agreement in form and content satisfactory to Landlord.
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SUBORDINATION TO GROUND LEASE. This Sublease is subject and subordinate to the Ground Lease, the rights of the Ground Lessor thereunder and any modifications, extensions and renewals of the Ground Lease, and also to all existing mortgages and deeds of trust encumbering Landlord's leasehold interest. If the Ground Lease shall terminate for any reason, or if Landlord shall default under any such mortgage or deed of trust and the mortgagee or beneficiary shall foreclose its lien or accept conveyance in lieu of foreclosure, and provided that immediately prior to the time of such termination or such foreclosure or conveyance in lieu thereof, this Sublease shall be in effect, this Sublease shall, at the election of Ground Lessor or such mortgagee or beneficiary, which election shall be subject in any case to the terms of the Ground Lease or the mortgage or deed of trust, as applicable, become a lease of the Premises between Ground Lessor and Tenant upon all of the terms and conditions set forth in this Sublease; provided that neither Ground Lessor nor such mortgagee or beneficiary shall be liable to Tenant for any default of Landlord under this Sublease occurring prior to such termination, foreclosure or conveyance in lieu of foreclosure, or be subject to any offsets, counterclaims or defenses which Tenant may be entitled to assert against Landlord or be bound by payments by Tenant of Base Rent for more than one month in advance of the due date thereof or payments of security deposits or Additional Charges, unless Landlord delivers such amounts to Ground Lessor or such mortgagee or beneficiary. Tenant hereby acknowledges receipt of a copy of the Ground Lease from Landlord.
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Related to SUBORDINATION TO GROUND LEASE

  • Subordination and Attornment This Lease is expressly made subject and subordinate to any mortgage, deed of trust, ground lease, underlying lease or like encumbrance affecting any part of the Real Property or any interest of Landlord therein which is now existing or hereafter executed or recorded, any present or future modification, amendment or supplement to any of the foregoing, and to any advances made thereunder (any of the foregoing being a “Superior Interest”) without the necessity of any further documentation evidencing such subordination. Notwithstanding the foregoing, Tenant shall, within ten (10) days after Landlord’s request, execute and deliver to Landlord a document evidencing the subordination of this Lease to a particular Superior Interest. Tenant hereby irrevocably appoints Landlord as Tenant’s attorney-in-fact to execute and deliver any such instrument in the name of Tenant if Tenant fails to do so within such time. If the interest of Landlord in the Real Property or the Building is transferred to any person (“Purchaser”) pursuant to or in lieu of foreclosure or other proceedings for enforcement of any Superior Interest, Tenant shall immediately attorn to the Purchaser, and this Lease shall continue in full force and effect as a direct lease between the Purchaser and Tenant on the terms and conditions set forth herein, provided that Purchaser acquires and accepts the Real Property or the Building subject to this Lease. Upon Purchaser’s request, including any such request made by reason of the termination of this Lease as a result of such foreclosure or other proceedings, Tenant shall enter in to a new lease with Purchaser on the terms and conditions of this Lease applicable to the remainder of the term hereof. Notwithstanding the subordination of this Lease to Superior Interests as set forth above, the holder of any Superior Interest may at any time (including as part of foreclosure or other proceedings for enforcement of such Superior Interest), upon written notice to Tenant, elect to have this Lease be prior and superior to such Superior Interest.

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