Examples of SNDA in a sentence
Xxxxxxx Title: Owner LESSEE: SUNX, LLC By: Name: Xxxx Xxxxx Title: Manager LIST OF EXHIBITS Exhibit A Leased Premises Description Construction Sites (A-1) Solar Equipment Sites (A-2) Exhibit B General Terms and Conditions Exhibit C Form of SNDA Exhibit D List of Lien Holders Exhibit E Form of Lease Memorandum Exhibit F Defined Terms EXHIBIT A – LEGAL DESCRIPTION The property is described by Tompkins County Tax Parcel ID # 30.-1-3.
Lessor may at any time and from time to time finance or refinance the Leased Premises and in connection therewith assign this Lease to the Property Lender providing such financing, so long as Lessor uses commercially reasonable efforts to obtain a SNDA of this Lease from any such Property Lender, acceptable to Lessee and similar in form and substance to that set forth in Exhibit C.
Notwithstanding the foregoing, Lessee acknowledges that Lessor may at any time and from time to time finance or refinance the Leased Premises and the Solar Equipment Sites in connection therewith via a mortgage, deed of trust, or other security interest (a “Mortgage”), so long as Lessor obtains a SNDA pursuant to the requirements set forth in Exhibit B, Section B-5(d) of this Lease from any such Lender.
In connection with Developer obtaining any debt and/or equity financing for the Project, if Developer’s lender requests reasonable modification to this Agreement and/or a subordination, non-disturbance, and attornment agreement (hereinafter, “SNDA”), the parties will cooperate in acknowledging and documenting such modifications and/or in executing a SNDA.
Nothing herein shall be construed as requiring Lessee to subordinate its interests in this Lease to the lien of a future Property Lender in the absence of an SNDA.