Certain Leases Senior Clause Samples
The 'Certain Leases Senior' clause establishes that specific leases take precedence over other claims or interests in a property. In practice, this means that if there are multiple leases or encumbrances, the ones identified as 'senior' will have priority in terms of rights to the property, such as in the event of foreclosure or sale. This clause is essential for clarifying the hierarchy of interests, ensuring that parties understand which leases are protected and reducing the risk of disputes over property rights.
Certain Leases Senior. With respect to those leases listed on Exhibit 8.2.8, hereto, the parties acknowledge that Landlord is, as of the Commencement Date, the lessor thereunder (whether by operation of law or otherwise) and that such leases are, by operation of law, senior to this Lease. Tenant shall perform and comply with all obligations of lessor under such leases and, provided no Event of Default shall have occurred and be continuing, Tenant shall be entitled to the receipt of all amounts payable by the lessees under such leases.
Certain Leases Senior. Notwithstanding the foregoing, the parties acknowledge that Landlord is, as of the Commencement Date, the lessor with respect to those leases listed on Schedule 8.2(h) attached hereto (whether by operation of law or otherwise), such leases are, by operation of law, senior to this Lease and the premises demised under such leases are not part of the Leased Property.