Common use of Automatic Subordination Clause in Contracts

Automatic Subordination. This Lease is subject and subordinate to: (a) the lien of any mortgages, deeds of trust, or other encumbrances ("Encumbrances") of the Building and Project; (b) all present and future ground or underlying leases ("Underlying Leases") of the Building and Project now or hereafter in force against the Building and Project; (c) all renewals, extensions, modifications, consolidations, and replacements of the items described in subparagraphs (a) - (b); and (d) all advances made or hereafter to be made on the security of the Encumbrances. Despite any other provision of this Article 21, any Encumbrance holder or lessor may elect that this Lease shall be senior to and have priority over that Encumbrance or Underlying Lease whether this Lease is dated before or after the date of the Encumbrance or Underlying Lease. No such subordination shall be effective unless and until Tenant has received a non disturbance agreement from the holder of the Encumbrance or the lessor of the Underlying Lease in a recordable, commercially reasonable form.

Automatic Subordination. This Lease is subject and subordinate to: : (a) the The lien of any mortgages, deeds of trust, or other encumbrances ("Encumbrances") of the Building Project and Project; Real Property; (b) all All present and future ground or underlying leases ("Underlying Leases") of the Building Project and Project Real Property now or hereafter in force against the Building Project and Project; Real Property; (c) all All renewals, extensions, modifications, consolidations, and replacements of the items described in subparagraphs (a) - (ba)-(b); and and (d) all All advances made or hereafter to be made on the security of the Encumbrances. Despite any other provision of this Article 21, any Encumbrance holder or lessor may elect that this Lease shall be senior to and have priority over that Encumbrance or Underlying Lease whether this Lease is dated before or after the date of the Encumbrance or Underlying Lease. No such subordination to an Encumbrance or Underlying Lease dated after the date of this Lease shall be effective unless and until Tenant has received a non disturbance nondisturbance agreement from the holder of the Encumbrance or the lessor of under the Underlying Lease in a recordable, commercially reasonable form.