Common use of TENANT TO ATTORN TO MORTGAGEE Clause in Contracts

TENANT TO ATTORN TO MORTGAGEE. If the interests of the landlord under the Lease shall be transferred to and owned by Mortgagee by reason of foreclosure or other proceedings brought by it in lieu of or pursuant to a foreclosure, or by any other manner, and Xxxxxxxxx succeeds to the interest of the landlord under the Lease, Tenant shall be bound to Mortgagee under all of the terms, covenants and conditions of the Lease for the balance of the term thereof remaining and any extensions or renewals thereof which may be effected in accordance with any option therefor in the Lease, with the same force and effect as if Mortgagee were the landlord under the Lease; and Tenant does hereby attorn to Mortgagee, as its landlord, said attornment to be effective and self‑operative immediately upon Mortgagee succeeding to the interest of the landlord under the Lease without the execution of any further instruments on the part of any of the parties hereto. Except as required under any Assignment of Leases contained in the Mortgage or a separate instrument, Tenant shall be under no obligation to pay rent to Mortgagee until Xxxxxx receives written notice from Mortgagee that it has succeeded to the interest of the landlord under the Lease. The respective rights and obligations of Tenant and Mortgagee upon such attornment, to the extent of the then remaining balance of the term of the Lease and any such extensions and renewals, shall be and are the same as now set forth therein, it being the intention of the parties hereto for this purpose to incorporate the Lease in this Agreement by reference with the same force and effect as if set forth at length herein.

Appears in 1 contract

Samples: www.kolerlaw.com

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TENANT TO ATTORN TO MORTGAGEE. If the interests of the landlord under the Lease Landlord shall be transferred to and owned by Mortgagee by reason of foreclosure or other proceedings brought by it in lieu of or pursuant to a foreclosure, or by any other manner, and Xxxxxxxxx Mortgagee succeeds to the interest of the landlord Landlord under the Lease, Tenant shall be bound to Mortgagee under all of the terms, covenants and conditions of the Lease for the balance of the term thereof remaining and any extensions or renewals thereof which may be effected in accordance with any option therefor in the Leaseremaining, with the same force and effect as if Mortgagee were the landlord Landlord under the Lease; , and Tenant Xxxxxx does hereby attorn to Mortgagee, Mortgagee as its landlordLandlord, said attornment to be effective and self‑operative self-operative immediately upon Mortgagee succeeding to the interest of the landlord Landlord under the Lease without the execution of any further instruments on the part of any of the parties hereto. Except as required under any Assignment of Leases contained in the Mortgage or a separate instrument; provided, however, that Tenant shall be under no obligation to pay rent to Mortgagee until Xxxxxx Tenant receives written notice from Mortgagee that it has succeeded to the interest of the landlord Landlord under the Lease. The respective rights and obligations of Tenant and Mortgagee upon such attornment, attornment to the extent of the then remaining balance of the term of the Lease and any such extensions and renewals, shall be and are the same as now set forth therein, ; it being the intention Intention of the parties hereto for this purpose to incorporate the Lease in this Agreement by reference with the same force and effect as if set forth at length herein.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Alliance Data Systems Corp)

TENANT TO ATTORN TO MORTGAGEE. If the interests interest of the landlord under the Lease Landlord shall be transferred to and owned by Mortgagee by reason of foreclosure of the Mortgage or other proceedings brought by it in lieu of or pursuant to a foreclosure, or by in any other manner, and Xxxxxxxxx Mortgagee succeeds to the interest of the landlord Landlord under the Lease, Tenant shall be bound to Mortgagee under all of the terms, covenants and conditions of the Lease for the balance of the term thereof remaining and any extensions or renewals thereof which may be effected in accordance with any option therefor therefore in the Lease, with the same force and effect as if Mortgagee were originally the landlord under the Lease; , and Tenant does hereby attorn to Mortgagee, Mortgagee as its landlord, said such attornment to be automatically effective and self‑operative immediately upon Mortgagee Mortgagee’s succeeding to the interest of the landlord Landlord under the Lease without the execution of any further instruments on the part of any of the parties hereto. Except as required under any Assignment of Leases contained in the Mortgage or a separate instrument, Tenant shall be under no obligation to pay rent to Mortgagee until Xxxxxx receives written notice from Mortgagee that it has succeeded to the interest of the landlord under the Lease. The respective rights and obligations of Tenant and Mortgagee upon such attornment, to the extent of the then remaining balance of the term of the Lease and any such extensions and renewalsrenewals thereto, shall be and are the same as now set forth therein, it being the intention of the parties hereto for this purpose to incorporate in the Lease in this Agreement as between Landlord and Tenant, the terms of which are hereby fully incorporated herein by reference with the same force and effect as if set forth at length hereinmade a part of this Agreement.

Appears in 1 contract

Samples: Acceptance Agreement (Qumu Corp)

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TENANT TO ATTORN TO MORTGAGEE. If the interests interest of the landlord under the Lease Landlord shall be transferred to and owned by Mortgagee by reason of foreclosure of the Mortgage or other proceedings brought by it in lieu of or pursuant to a foreclosure, or by in any other manner, and Xxxxxxxxx Mortgagee succeeds to the interest of the landlord Landlord under the Lease, Tenant shall be bound to Mortgagee under all of the terms, covenants and conditions of the Lease for the balance of the term thereof remaining and any extensions or renewals thereof which may be effected in accordance with any option therefor in the Lease, with the same force and effect as if Mortgagee were originally the landlord under the Lease; , and Tenant does hereby attorn to Mortgagee, Mortgagee as its landlord, said such attornment to be automatically effective and self‑operative immediately upon Mortgagee Mortgagee’s succeeding to the interest of the landlord Landlord under the Lease without the execution of any further instruments on the part of any of the parties hereto. Except as required under any Assignment of Leases contained in the Mortgage or a separate instrument, Tenant shall be under no obligation to pay rent to Mortgagee until Xxxxxx receives written notice from Mortgagee that it has succeeded to the interest of the landlord under the Lease. The respective rights and obligations of Tenant and Mortgagee upon such attornment, to the extent of the then remaining balance of the term of the Lease and any such extensions and renewalsrenewals thereto, shall be and are the same as now set forth thereinin the Lease, it being the intention terms of the parties hereto for this purpose to incorporate the Lease in this Agreement which are hereby fully incorporated herein by reference with the same force and effect as if set forth at length hereinmade a part of this Agreement.

Appears in 1 contract

Samples: Lease (Calyxt, Inc.)

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