Common use of Tenant’s Attornment Upon Foreclosure Clause in Contracts

Tenant’s Attornment Upon Foreclosure. Tenant shall, upon request, attorn (i) to any purchaser of the Building, the Property, or the Project at any foreclosure sale or private sale conducted pursuant to any security instruments encumbering the Building, the Property, or the Project, (ii) to any grantee or transferee designated in any deed given in lieu of foreclosure of any security interest encumbering the Building, the Property, or the Project, or (iii) to the lessor under an underlying ground lease of the land underlying the Building, the Property, or the Project, should such ground lease be terminated; provided that such purchaser, grantee or lessor recognizes Tenant’s rights under this Lease.

Appears in 5 contracts

Samples: Lease (Threshold Pharmaceuticals Inc), Lease Agreement (Palo Alto Networks Inc), Lease Agreement (Palo Alto Networks Inc)

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Tenant’s Attornment Upon Foreclosure. Tenant shall, upon request, attorn (i) to any purchaser of the BuildingBuildings, the Property, or the Project at any foreclosure sale or private sale conducted pursuant to any security instruments encumbering the BuildingBuildings, the Property, or the Project, (ii) to any grantee or transferee designated in any deed given in lieu of foreclosure of any security interest encumbering the BuildingBuildings, the Property, or the Project, or (iii) to the lessor under an underlying ground lease of the land underlying the BuildingBuildings, the Property, or the Project, should such ground lease be terminated; provided that such purchaser, grantee or lessor recognizes Tenant’s rights under this Lease.

Appears in 1 contract

Samples: Lease Agreement (Palo Alto Networks Inc)

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Tenant’s Attornment Upon Foreclosure. Tenant shall, upon request, attorn (i) to any purchaser of the Building, the Property, or the Project at any foreclosure sale or private sale conducted pursuant to any security instruments encumbering the Building, the Property, or the Project, (ii) to any grantee or transferee designated in any deed given in lieu of foreclosure of any Building E security interest encumbering the Building, the Property, or the Project, or (iii) to the lessor under an underlying ground lease of the land underlying the Building, the Property, or the Project, should such ground lease be terminated; provided that such purchaser, grantee or lessor recognizes Tenant’s rights under this Lease.

Appears in 1 contract

Samples: Lease Agreement (Palo Alto Networks Inc)

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