Attornment definition

Attornment. Subject to section 7.10, the connection applicant hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of the courts of Ontario in any action or proceeding arising out of or relating to this agreement or for the recognition and enforcement of any judgment. A final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions in any manner permitted by law. Nothing in this agreement shall preclude the IESO from bringing any action or other proceeding relating to this agreement against the connection applicant or its properties in any other jurisdiction.
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Attornment. If the interest of Landlord under this Lease is transferred, whether through possession, foreclosure or delivery of a new lease or deed, then at the request of such party so succeeding to Landlord's rights (herein called "Successor Landlord"), and subject to compliance with the subordination, nondisturbance and attornment agreement between Tenant and Lender executed contemporaneously herewith (or with any subordination, nondisturbance and attornment agreement hereafter entered as contemplated at Paragraph (X)(1)), Tenant shall attorn to and recognize such Successor Landlord as Tenant's Landlord under this Lease and shall promptly execute and deliver any instrument that such Successor Landlord may reasonably request to evidence such attornment. Upon such request for attornment, Tenant's rights hereunder shall continue in full force and effect as a direct Lease between the Successor Landlord and Tenant upon all of the terms, conditions and covenants as set forth in this Lease so long as Tenant is not in default.
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Attornment. If Landlord's interest in the Property is acquired by any ground lessor, beneficiary under a deed of trust, mortgage, or purchaser at a foreclosure sale, Tenant shall attom to the transferee of or successor to Landlord's interest in the Property and recognizes such transferee or successor as Landlord under this Lease. Tenant waives the protection of any statute or rule of law which gives or purports to give Tenant any right to terminate the Lease or surrender possession of the Property upon the transfer of Landlord's interest.
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Examples of Attornment in a sentence

  • With regard to any existing Encumbrance, Lessor covenants and agrees that, upon the request of SQF, it shall use its best efforts to cause the holder thereof to execute a customary Subordination Non-disturbance and Attornment Agreement providing to SQF the rights afforded to SQF above with regard to future first mortgage liens.

  • This Subordination, Non-disturbance and Attornment Agreement ("Agreement") is entered into as of the day of , 20 by and among COUNTY OF LOS ANGELES, a body corporate and politic ("Tenant"), [Insert name of Landlord], ("Borrower") and [Insert name of Lender], ("Lender").

  • Within five (5) of the Landlord providing the Tenant with a short form agreement, in a form reasonably acceptable to the lender(s) to take effect on the forgotten section (the Attornment Agreement), the Tenant must perform the same and return one fully executed copy to the lender as specified in the Attornment Agreement.

  • The Tenant hereby irrevocably appoints the Landlord as Attorney for the Tenant with full power to carry out and deliver the Attornment Agreement for and in the name of the Tenant if the Tenant fails to do so within five (5) working days of receiving the same.


More Definitions of Attornment

Attornment mean that a subtenant formally recognizes Landlord as its sublandlord under the Sublease, and the subtenant agrees to perform all of the subtenant’s Sublease obligations directly to Landlord.
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Attornment. At Lessor's option, this lease shall be subject and subordinate to all ground and underlying leases which now exist or may hereinafter be executed affecting the Building or the land upon which the Building is situated or both, and to the lien of any mortgages or deeds of trust in any amount or amounts whatsoever now or hereafter placed on or against the land or improvements of which the leased premises are a part, on or against Lessor's interest or estate herein, or on or against any ground or underlying lease, without the necessity of the execution and delivery of any further instruments on the part of Lessee to effectuate such subordination. If any mortgages, trustee or ground lessor shall elect to have this lease prior to the lien of its mortgage, deed of trust or ground lease, and shall give written notice thereof to Lessee, this lease shall be deemed prior to such mortgage, dead of trust or ground lease, whether this lease is dated prior or subsequent to the date of said mortgage, dead of trust or ground lease or the date of the recording thereof. Lessee covenants and agrees to execute and deliver upon demand without charge therefor, such further instruments evidencing such subordination of this lease to such ground or underlying leases and to the lien of any such mortgages or deeds of trust as may be required by Lessor. Lessee hereby appoints Lessor as Lessee's attorney-in-fact, irrevocably, to execute and deliver any such agreements, instruments, releases or other documents. In the event any proceedings are brought for default under any ground or any underlying lease or in the event of foreclosure or the exercise of the power of sale under any mortgage or dead of trust made by Lessor covering the Building of which the leased premises are a part, Lessee shall attorn to the purchaser upon any such foreclosure or sale and recognize such purchaser as Lessor under this lease, provided such purchaser expressly agrees in writing to be bound by the forms of the lease.
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Attornment. If the Demised Premises is encumbered by a Mortgage and such Mortgage is foreclosed, or if the Demised Premises is sold pursuant to such foreclosure or by reason of a default under said Mortgage, then notwithstanding such foreclosure, such sale, or such default (i) Tenant shall not disaffirm the Lease or any of its obligations thereunder, and (ii) at the request of the applicable Mortgagee or purchaser at such foreclosure or sale, Tenant shall attorn to such Mortgagee or purchaser and execute a new lease for the Demised Premises setting forth all of the provisions of the Lease except that the term of such new lease shall be for the balance of the Term.
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Attornment. For the purposes of this Section, the term "Successor Landlord" shall mean the Superior Lessor or Superior Mortgagee if the same succeeds to the rights of Landlord under this Lease, whether through possession or foreclosure action or delivery of a new lease or deed, or any third party that succeeds to the rights of Landlord under this Lease by virtue of having purchased the Land, the Building and the Park Common Areas at a foreclosure sale. So long as Tenant in not in default of this Lease at the time of succession, the Successor Landlord shall accept Tenant's attornment, and shall not disturb Tenant's quiet possession of the Premises. Tenant shall attorn to and recognize such Successor Landlord as Tenant's Landlord under this Lease subject, however, to Tenant's non-disturbance rights as set forth in this Section. Upon written notice from Landlord or Successor Landlord, Tenant shall promptly execute and deliver any instrument that such Successor Landlord may reasonably request to evidence such attornment but only if such instrument recites Tenant's non-disturbance rights as set forth in this Section.
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Attornment. For the purpose of all legal proceedings this Subscription Agreement will be deemed to have been performed in British Columbia and the Courts of British Columbia will have jurisdiction to entertain any action arising under this Subscription Agreement. The parties hereto each hereby attorns to the jurisdiction of the Courts of British Columbia.
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Related to Attornment

  • SNDA has the meaning ascribed to such term in Section 7.3.

  • Estoppel Certificate As defined in Section 23.1(a).

  • Disturbance means the placement or reconstruction of impervious surface or motor vehicle surface, or exposure and/or movement of soil or bedrock or clearing, cutting, or removing of vegetation. Milling and repaving is not considered disturbance for the purposes of this definition.

  • Non-Disturbance Agreement shall have the meaning set forth in Section 8.8.9.

  • Estoppel Letter A document executed by the Cooperative Corporation certifying, with respect to a Cooperative Unit, (i) the appurtenant Proprietary Lease will be in full force and effect as of the date of issuance thereof, (ii) the related stock certificate was registered in the Mortgagor's name and the Cooperative Corporation has not been notified of any lien upon, pledge of, levy of execution on or disposition of such stock certificate, and (iii) the Mortgagor is not in default under the appurtenant Proprietary Lease and all charges due the Cooperative Corporation have been paid.

  • Memorandum of Lease means a memorandum of this Lease, in recordable form, setting forth the following provisions of this Lease: (a) all information any Law requires;

  • Proprietary Lease With respect to any Cooperative Unit, a lease or occupancy agreement between a Cooperative Corporation and a holder of related Cooperative Shares.

  • Landlord Waiver means a letter in form and substance reasonably acceptable to the Administrative Agent and executed by a landlord in respect of Inventory of a Loan Party located at any leased premises of a Loan Party pursuant to which such landlord, among other things, waives or subordinates on terms and conditions reasonably acceptable to the Administrative Agent any Lien such landlord may have in respect of such Inventory.

  • Land disturbance or "land-disturbing activity" means a man-made change to the land surface that potentially changes its runoff characteristics including clearing, grading, or excavation except that the term shall not include those exemptions specified in Section 1-3 (b) of this Ordinance.

  • Landlord Consent and Estoppel means, with respect to any Leasehold Property, a letter, certificate or other instrument in writing from the lessor under the related lease, pursuant to which, among other things, the landlord consents to the granting of a Mortgage on such Leasehold Property by the Credit Party tenant, such Landlord Consent and Estoppel to be in form and substance acceptable to Collateral Agent in its reasonable discretion, but in any event sufficient for Collateral Agent to obtain a Title Policy with respect to such Mortgage.

  • Lien Waiver means an agreement, in form and substance reasonably satisfactory to the Administrative Agent, by which (a) for any Collateral located on leased premises, the lessor waives or subordinates any Lien it may have on the Collateral, and agrees to permit the Administrative Agent to enter upon the premises and remove the Collateral or to use the premises to store or dispose of the Collateral; (b) for any Collateral held by a warehouseman, processor, shipper or freight forwarder, such Person waives or subordinates any Lien it may have on the Collateral, agrees to hold any Documents in its possession relating to the Collateral as agent for the Administrative Agent, and agrees to deliver the Collateral to the Administrative Agent upon request; (c) for any Collateral held by a repairman, mechanic or bailee, such Person acknowledges the Administrative Agent’s Lien, waives or subordinates any Lien it may have on the Collateral, and agrees to deliver the Collateral to Agent upon request; and (d) for any Collateral subject to a Licensor’s Intellectual Property rights, the Licensor grants to Agent the right, vis-à-vis such Licensor, to enforce the Administrative Agent’s Liens with respect to the Collateral, including the right to dispose of it with the benefit of the Intellectual Property, whether or not a default exists under any applicable License or in the case of clauses (a) through (d) is otherwise satisfactory to the Administrative Agent.

  • Lien Waiver Agreement means an agreement which is executed in favor of Agent by a Person who owns or occupies premises at which any Collateral may be located from time to time and by which such Person shall waive any Lien that such Person may ever have with respect to any of the Collateral and shall authorize Agent from time to time to enter upon the premises to inspect or remove the Collateral from such premises or to use such premises to store or dispose of such Inventory.

  • Landlord Consent means a Landlord Consent substantially in the form of Exhibit G.

  • Assignment of Leases With respect to any Mortgaged Property, any assignment of leases, rents and profits or similar agreement executed by the Mortgagor, assigning to the mortgagee all of the income, rents and profits derived from the ownership, operation, leasing or disposition of all or a portion of such Mortgaged Property, in the form which was duly executed, acknowledged and delivered, as amended, modified, renewed or extended through the date hereof and from time to time hereafter.

  • Access Agreement means an agreement between an Access Holder and ARTC for Access Rights;

  • Landlord Agreement means an agreement substantially in the form provided by Lender to Borrower or such other form as Lender may agree to accept.

  • Additional Documents has the meaning specified therefor in Section 5.12 of the Agreement.