Common use of SUPERIORITY OF LEASE; OPTION TO SUBORDINATE Clause in Contracts

SUPERIORITY OF LEASE; OPTION TO SUBORDINATE. Unless Landlord exercises the option set forth below in this Section 13.2, this Lease shall be superior to and shall not be subordinate to any mortgage on the Premises. Landlord shall have the option to subordinate this Lease to any mortgage of the Premises provided that the holder of record thereof enters into a non-disturbance agreement with Tenant in such holder’s customary form. Xxxxxx agrees to execute and deliver any appropriate instruments necessary to carry out the agreements contained in this Section 13.2.

Appears in 1 contract

Samples: Lease (Haemonetics Corp)

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SUPERIORITY OF LEASE; OPTION TO SUBORDINATE. Unless Landlord exercises the option set forth below in this Section 13.2At any time and from time to time, this Lease shall be superior to and shall not be subordinate to any mortgage on the Premises. Landlord shall have the option to subordinate this Lease to any mortgage of the Premises provided that the holder of record thereof enters into a non-disturbance agreement with Tenant in such holder’s customary formand commercially reasonable form or, if specified by Landlord, in the form of Exhibit G hereto. Xxxxxx Tenant agrees to execute and deliver any reasonably appropriate instruments necessary to carry out the agreements contained in this Section 13.219.02.

Appears in 1 contract

Samples: Lease Agreement (Ultragenyx Pharmaceutical Inc.)

SUPERIORITY OF LEASE; OPTION TO SUBORDINATE. Unless Landlord exercises the option set forth below in this Section 13.2At any time and from time to time, this Lease shall be superior to and shall not be subordinate to any mortgage on the Premises. Landlord shall have the option to subordinate this Lease to any mortgage of the Premises provided that the holder of record thereof enters into a non-disturbance agreement with Tenant in such holder’s 's customary formform or, if specified by Xxxxxxxx, in the form of Exhibit G hereto. Xxxxxx agrees to execute and deliver any appropriate instruments necessary to carry out the agreements contained in this Section 13.219.02.

Appears in 1 contract

Samples: Lease Agreement (Paid Inc)

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SUPERIORITY OF LEASE; OPTION TO SUBORDINATE. Unless Landlord exercises the option set forth below in this Section 13.2At any time and from time to time, this Lease shall be superior to and shall not be subordinate to any mortgage on the Premises. Landlord shall have the option to subordinate this Lease to any mortgage of the Premises provided that the holder of record thereof enters into a non-disturbance agreement with Tenant in such holder’s customary formform or, if specified by Xxxxxxxx, in the form of Exhibit G hereto. Xxxxxx agrees to execute and deliver any appropriate instruments necessary to carry out the agreements contained in this Section 13.219.02.

Appears in 1 contract

Samples: Lease Agreement (Paid Inc)

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