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 Leased Premises or any portion thereof at any foreclosure sale or private sale conducted pursuant to any security instruments encumbering the Leased Premises or any portion thereof, (ii) to any grantee or transferee designated in any deed given in lieu of foreclosure of any security interest encumbering the Leased Premises or any portion thereof, or (iii) to the lessor under an underlying ground lease of the land underlying the Leased Premises or any portion thereof, should such ground lease be terminated; provided that such purchaser, grantee or lessor recognizes Tenant’s rights under this Lease, except that such purchaser, grantee or lessor shall not: (a) be liable for any act or omission of any prior landlord under this Lease; (b) be subject to any offsets or defenses which Tenant might have against any prior landlord (prior to such purchaser, grantee or lessor becoming landlord under this Lease); (c) be bound by any Rent or Additional Rent which Tenant might have paid to any prior landlord greater than the current month or more than one (1) month prior to the due date for the then current installment; or (d) be liable for any deposits made or prepaid Rent paid by Tenant hereunder unless such deposits or payments have been transferred to such purchaser, grantee or lessor.

Appears in 3 contracts

Samples: Lsi Logic Corp, Lsi Logic Corp, Lsi Logic Corp

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Tenant’s Attornment Upon Foreclosure. Tenant shall, upon request, attorn (i) to any purchaser of the Leased Premises Building or any portion thereof the Property at any foreclosure sale or private sale conducted pursuant to any security instruments encumbering the Leased Premises Building or any portion thereofthe Property, (ii) to any grantee or transferee designated in any deed given in lieu of foreclosure of any security interest encumbering the Leased Premises Building or any portion thereofthe Property, or (iii) to the lessor under an underlying ground lease of the land underlying the Leased Premises Building or any portion thereofthe Property, should such ground lease be terminated; provided that such purchaser, grantee or lessor recognizes Tenant’s rights under this Lease, except that such purchaser, grantee or lessor shall not: (a) be liable for any act or omission of any prior landlord iStar Sunnyvale Partners, L.P. under this Lease; (b) be subject to any offsets or defenses which Tenant might have against any prior landlord iStar Sunnyvale Partners, L.P. (prior to such purchaser, grantee or lessor becoming landlord under this Lease); (c) be bound by any Rent or Additional Rent which Tenant might have paid to any prior landlord greater iStar Sunnyvale Partners, L.P. for more than the current month or more than one (1) month prior to the due date for the then current installment; or (d) be liable for any deposits made or prepaid Rent paid by Tenant hereunder unless such deposits or payments have been transferred to such purchaser, grantee or lessor; or (e) be bound by any amendment or modification of this Lease made without any required lessor’s or lender’s consent.

Appears in 1 contract

Samples: Lease (Silicon Image Inc)

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Tenant’s Attornment Upon Foreclosure. Tenant shall, upon request, attorn (i) to any purchaser of the Leased Premises Building or any portion thereof the Property at any foreclosure sale or private sale conducted pursuant to any security instruments encumbering the Leased Premises Building or any portion thereofthe Property, (ii) to any grantee or transferee designated in any deed given in lieu of foreclosure of any security interest encumbering the Leased Premises Building or any portion thereofthe Property, or (iii) to the lessor under an underlying ground lease of the land underlying the Leased Premises Building or any portion thereofthe Property, should such ground lease be terminated; provided that such purchaser, grantee or lessor recognizes Tenant’s 's rights under this Lease, except that such purchaser, grantee or lessor shall not: (a) be liable for any act or omission of any prior landlord iStar Sunnyvale Partners, L.P. under this Lease; (b) be subject to any offsets or defenses which Tenant might have against any prior landlord iStar Sunnyvale Partners, L.P. (prior to such purchaser, grantee or lessor becoming landlord under this Lease); (c) be bound by any Rent or Additional Rent which Tenant might have paid to any prior landlord greater iStar Sunnyvale Partners, L.P. for more than the current month or more than one (1) month prior to the due date for the then current installment; or (d) be liable for any deposits made or prepaid Rent paid by Tenant hereunder unless such deposits or payments have been transferred to such purchaser, grantee or lessor; or (e) be bound by any amendment or modification of this Lease made without any required lessor's or lender's consent.

Appears in 1 contract

Samples: Lease (Trident Microsystems Inc)

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