Common use of Mortgage or Superior Lease Defaults Clause in Contracts

Mortgage or Superior Lease Defaults. Any Mortgagee may elect that this Lease shall have priority over the Mortgage and, upon notification to Tenant by such Mortgagee, this Lease shall be deemed to have priority over such Mortgage, regardless of the date of this Lease.

Appears in 3 contracts

Samples: Lease (Affirmative Insurance Holdings Inc), Lease (Engage Technologies Inc), Lease (Cmgi Inc)

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Mortgage or Superior Lease Defaults. Any Mortgagee may elect that this Lease shall have priority over the Mortgage and, upon and to subordinate its Mortgage to this Lease. Upon notification to Tenant by such Mortgagee, this Lease shall be deemed to have priority over such Mortgage, regardless of the date of this Lease.

Appears in 2 contracts

Samples: Lease Agreement (Trillium Therapeutics Inc.), Lease Agreement (Vor Biopharma Inc.)

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Mortgage or Superior Lease Defaults. Any Mortgagee may elect that this Amended and Restated Lease shall have priority over the Mortgage and, upon notification to Tenant by such Mortgagee, this Amended and Restated Lease shall be deemed to have priority over such Mortgage, regardless of the date of this Amended and Restated Lease.

Appears in 2 contracts

Samples: Lease (Marchex Inc), Lease (Marchex Inc)

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