Common use of Future Condominium Declaration Clause in Contracts

Future Condominium Declaration. This Lease and Tenant’s rights hereunder will be subject and subordinate to any condominium declaration, by-laws and other instruments (collectively, the “Condominium Declaration”) which may hereafter be recorded in order to subject the Buildings to a condominium form of ownership pursuant to Article 9-B of the New York Real Property Law or any successor statute, provided that the Condominium Declaration does not by its terms increase the Rent, increase Tenant’s non-Rent obligations other than to a de minimis extent or reduce Tenant’s rights or Landlord’s obligations under this Lease other than to a de minimis extent. At Landlord’s request, and subject to the foregoing proviso, Tenant will execute and deliver to Landlord an amendment of this Lease confirming such subordination and modifying this Lease to conform to such condominium regime, but no such amendment shall be necessary in order to make such subordination effective.

Future Condominium Declaration. This Lease and Tenant▇▇▇▇▇▇’s rights hereunder will be subject and subordinate to any condominium declaration, by-laws and other instruments (collectively, the “Condominium Declaration”) which may hereafter be recorded in order to subject the Buildings to a condominium form of ownership pursuant to Article 9-B of the New York Real Property Law or any successor statute, provided that the Condominium Declaration does not by its terms increase the Rent, increase Tenant’s non-Rent obligations other than to a de minimis extent or reduce Tenant’s rights or Landlord’s obligations under this Lease other than to a de minimis extent. At Landlord’s request, and subject to the foregoing proviso, Tenant ▇▇▇▇▇▇ will execute and deliver to Landlord an amendment of this Lease confirming such subordination and modifying this Lease to conform to such condominium regime, but no such amendment shall be necessary in order to make such subordination effective.

Future Condominium Declaration. This Lease and Tenant▇▇▇▇▇▇’s rights hereunder are and will be subject and subordinate to any condominium declaration, by-laws and other instruments (collectively, the “Condominium Declaration”) which may hereafter be recorded in order to subject the Buildings Building to a condominium form of ownership pursuant to Article 9-B of the New York Real Property Law or any successor statuteRequirement, provided that the Condominium Declaration does not by its terms increase the Rent, materially increase Tenant’s non-Rent obligations other than to a de minimis extent or reduce materially and adversely affect Tenant’s rights or Landlord’s obligations under this Lease other than to a de minimis extentLease, as determined by ▇▇▇▇▇▇ in Tenant’s reasonable discretion. At Landlord’s request, and subject to the foregoing proviso, Tenant ▇▇▇▇▇▇ will execute and deliver to Landlord an amendment of this Lease confirming such subordination and modifying this Lease to conform to such condominium regime, but no regime to the extent such amendment is acceptable to Tenant in Tenant’s sole but good faith discretion. Any documentation required to be delivered by Tenant pursuant to this Section shall be necessary in order to make such subordination effectiveprepared, negotiated and executed at Landlord’s sole but reasonable cost and expense.