Examples of Subordination, Non-Disturbance and Attornment Agreement in a sentence
AGREEMENT If, at any time, the Project is subject to a Master Lease, such Master Lease shall be subordinated to the Loan Documents pursuant to the then applicable HUD form of Master Lease Subordination, Non-Disturbance and Attornment Agreement (a “Master Lease SNDA”) or a Master Lease Subordination Agreement (a “Master Lease Subordination Agreement”), as determined by HUD in accordance with Program Obligations.
Ifat any time the Project is subject to a Master Lease, such Master Lease shall be subordinated to the Loan Documents pursuant to the then applicable HUD form of Master Lease Subordination, Non-Disturbance and Attornment Agreement (a “Master Lease SNDA”) or a Master Lease Subordination Agreement, as determined by HUD in accordance with Program Obligations.
Upon the failure of Lessor to timely provide Lessee with an acceptable Subordination, Non-Disturbance and Attornment Agreement pertaining to every mortgage and deed of trust prior to the Commencement Date, Lessee may terminate the Lease and the parties shall be released from any further liability.
Upon the failure of Landlord to timely provide Tenant with an acceptable Subordination, Non-Disturbance and Attornment Agreement pertaining to every mortgage and deed of trust prior to the Commencement Date, Tenant may terminate the Lease and the parties shall be released from any further liability.
If, at any time, the Project is subject to a Master Lease, such Master Lease shall be subordinate to First Mortgage Documents and the Loan Documents pursuant to the then applicable HUD form of Supplemental Master Lease Subordination, Non-Disturbance and Attornment Agreement (a “Master Lease SNDA”) or a Supplemental Master Lease Subordination Agreement (a “Master Lease Subordination Agreement”), as determined by HUD in accordance with Program Obligations.