Development Manager's Lien Clause Samples

Development Manager's Lien. In consideration of the performance of the duties and obligations of Development Manager as set forth herein and to evidence the payment of any Management Fee, Development Fee and Brokerage Commissions payable to Development Manager, Owner hereby agrees to execute and record a Memorandum of this Agreement in the form attached hereto as Exhibit "E" and incorporated herein by this reference, which shall be subordinate in all respects to the mortgage and other security documents securing the Project Mortgage Loan.