Common use of Tenant’s Right to Possession Clause in Contracts

Tenant’s Right to Possession. Notwithstanding any postponement or subordination referred to herein, the Tenant acknowledges that its obligations under this Lease shall remain in full force and effect notwithstanding any action at any time taken by a mortgagee, chargee or ground lessor to enforce the security of any mortgage charge, ground lease, trust deed or debenture; provided, however, that any postponement or subordination given hereunder shall reserve to the Tenant the right to continue in possession of the Leased Premises under the terms of this Lease so long as the Tenant shall not be in default hereunder.

Appears in 10 contracts

Samples: Lease Agreement (Zarlink Semiconductor Inc), Lease Agreement (Mitel Networks Corp), Lease Agreement (Coley Pharmaceutical Group, Inc.)

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