Common use of Subordination to REA Clause in Contracts

Subordination to REA. Subject to Section 2.2, this Lease and all of Tenant's rights hereunder are and shall be subject and subordinate to the REA and any amendments or modifications thereof. If the REA is not of record as of the date hereof, then this Lease shall automatically become subordinate to the REA upon recordation of the REA, 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.

Appears in 2 contracts

Samples: Attornment Agreement (Play Co Toys & Entertainment Corp), Center Lease (Play Co Toys & Entertainment Corp)

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Subordination to REA. Subject to Section 2.2, this the Lease and all of Tenant's rights hereunder are and shall be subject and subordinate to the REA and any amendments or modifications thereof. If the REA is not of record as of the date hereof, then this the Lease shall automatically become subordinate to the REA upon recordation of the REA, and within with 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.

Appears in 1 contract

Samples: Play Co Toys & Entertainment Corp

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Subordination to REA. Subject to Section 2.2, this This Lease and all of Tenant's rights hereunder are and shall be subject and subordinate to the REA and any amendments or modifications thereof. If the REA is not of record as of the date hereof, then this Lease shall automatically become subordinate to the REA upon recordation of the REA, and within twenty . Within ten (2010) 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.

Appears in 1 contract

Samples: Lease Agreement (uWink, Inc.)

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