Examples of SNDA Agreement in a sentence
The Administrative Agent (on behalf of the Lenders) shall, if requested by the Borrower, and as a condition to a tenant’s obligation to subordinate its lease (if necessary or if requested by the Borrower) or attorn, enter into an SNDA Agreement with such tenant (with such commercially reasonable changes thereto as may be requested by such tenant).
Estoppel Certificate, Memorandum of Lease and Subordination Agreement/ SNDA Agreement (as applicable) Review Items: Lease: Accurate names of Lessor (mortgagor) and Lessee (operator) per Lender’s Narrative.
Any dispute by Tenant that the form of the Superior Mortgagee SNDA Agreement utilized by the Superior Mortgagee does not meet the requirements set forth in this Section 5.03(b) shall be resolved by arbitration pursuant to Article 37.
If any Subtenant enters into or intends to enter into a Building Tenant Lease permitted by Section 12.3 and such Subtenant requests that Landlord enter into an SNDA Agreement, Landlord will execute an SNDA Agreement in the form attached hereto as Exhibit G within fifteen (15) Business Days of written request from Tenant.
Tenant agrees, upon receipt of an SNDA Agreement, to execute such SNDA Agreement and such further reasonable instrument(s) as may be necessary to so subordinate this Lease.