Common use of Additional Mortgage Clause in Contracts

Additional Mortgage. Lessor may grant additional mortgage liens on the Demised Premises so long as (a) total mortgage indebtedness under the Existing Mortgage and such additional mortgages does not exceed 75% of the value of the Demised Premises, and (b) the holder of each such mortgage enters into a "Non-disturbance Agreement" (hereafter defined), and any such additional mortgage shall also be a Permitted Mortgage hereunder. Lessee agrees to cooperate with the Lessor in executing a subordination and attornment agreement and any other document reasonably required by the Lessor's lender so long as such lender enters into a non-disturbance agreement in recordable form ("Non-disturbance Agreement"), satisfactory to Lessee in its reasonable judgment, prohibiting such lender from disturbing, interfering with or terminating Lessee's rights under this Lease in connection with the exercise of its remedies under the mortgage, unless Lessee shall then be in default hereunder past any notice, grace or cure period.