No Subordination of Fee Sample Clauses

No Subordination of Fee. In no event will Landlord be required to subordinate its fee interest in the Sites to the lien of any Person providing financing to Tenant in connection with the performance of the Initial Construction or any Alterations, the purchase of FF&E, Operating Equipment and Operating Supplies, or the maintenance and operation o(pound) the Premises. All liabilities and obligations relating to any such financing shall be the sole responsibility of Tenant, and such financing shall be subject to the provisions of Article XIII. Landlord and Tenant acknowledge the existence of a landlord’s lien pursuant to Chapter 83, Laws of Florida. Notwithstanding the foregoing, Landlord hereby waives its statutory lien with respect to Tenant’s bona fide lenders and, if requested, will execute a landlord waiver agreement with such lender(s).
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No Subordination of Fee. Nothing in this Article is intended to give Tenant any right, power or authority to encumber Landlord's fee interest in the Demised Premises and no Leasehold Mortgage shall encumber Landlord's fee interest in the Demised Premises.
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No Subordination of Fee. Nothing contained in this Lease shall be or ever will be construed as a subordination to any Leasehold Mortgage of the City’s fee interest in the Leased Property or its reversionary interest in the JoePC Improvements. Upon the expiration or termination of this Lease, except as specifically otherwise provided in this Article VI, any Leasehold Mortgage of JoePC’s interest in the Leased Property shall be null and void.
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No Subordination of Fee. Landlord shall have no obligation to encumber or otherwise subordinate its fee interest in the Land to the interest of any Registered Mortgagee in the Lease or in Tenant’s leasehold estate.
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No Subordination of Fee. This Lease is an unsubordinated ground lease. Nothing contained in this Lease shall be or ever will be construed as a subordination of Landlord’s fee interest in the Leased Premises or its reversionary interest in the Development to any Mortgage. Upon the expiration or termination of this Lease, any Mortgage of Tenant’s interest in the Leased Premises shall be null and void.
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No Subordination of Fee. Lessor and Lessee acknowledge and agree that Lessor shall not, under any circumstances, agree to subordinate Lessor's fee interest in the Property to any Trust Deed encumbering Lessee's leasehold interest.
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No Subordination of Fee. Nothing contained in this Lease shall be or ever will be construed as a subordination of Landlord’s leasehold interest in the Leased Property or its reversionary interest in the LTACH Improvements to any Leasehold Mortgage or as a subordination of the Hospital Authority’s fee interest in the Leased Property or its reversionary interest in the LTACH Improvements to any Leasehold Mortgage. Upon the expiration or termination of this Lease, except as specifically otherwise provided in this Article XI, any Leasehold Mortgage of Tenant’s interest in the Leased Property shall be null and void.
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No Subordination of Fee. In no event shall all or any portion of Landlord’s interest, including without limitation, Landlord’s fee interest in the Land or reversionary interest in the Improvements or interest under this Lease, be subject or subordinate to any lien or encumbrance of any mortgage, deed of trust or other security instrument.
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Related to No Subordination of Fee

  • NO SUBORDINATION There is no agreement, indenture, contract or instrument to which Borrower is a party or by which Borrower may be bound that requires the subordination in right of payment of any of Borrower's obligations subject to this Agreement to any other obligation of Borrower.

  • Relation to Subordination Provisions Interest Drawings under the Liquidity Facilities and withdrawals from the Cash Collateral Accounts, in each case, in respect of interest on the Certificates of any Class, will be distributed to the Trustee for such Class of Certificates, notwithstanding Sections 2.01(b) and 3.02.

  • Agreement to Subordinate The Company agrees, and each Holder by accepting a Note agrees, that the Indebtedness evidenced by the Notes is subordinated in right of payment, to the extent and in the manner provided in this Article 10, to the prior payment in full of all Senior Debt (whether outstanding on the date hereof or hereafter created, incurred, assumed or guaranteed), and that the subordination is for the benefit of the holders of Senior Debt.

  • Non-Subordination The Obligations are not subordinated in any way to any other obligations of Borrower or to the rights of any other Person.

  • Trustee to Effectuate Subordination Each Holder of a Security by his acceptance thereof authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article and appoints the Trustee his attorney-in-fact for any and all such purposes.

  • Continuing Subordination The subordination provisions in this Deed constitute a continuing subordination and benefit the ultimate balance of the Senior Debt regardless of any intermediate payment or discharge of the Senior Debt in whole or in part.

  • Authorization to Effect Subordination Each Holder of Notes, by the Holder's acceptance thereof, authorizes and directs the Trustee on such Holder's behalf to take such action as may be necessary or appropriate to effectuate the subordination as provided in this Article 10, and appoints the Trustee to act as such Holder's attorney-in-fact for any and all such purposes. If the Trustee does not file a proper proof of claim or proof of debt in the form required in any proceeding referred to in Section 6.09 hereof at least 30 days before the expiration of the time to file such claim, the Representatives are hereby authorized to file an appropriate claim for and on behalf of the Holders of the Notes.

  • Limitation of Transactions Subordination 16 SECTION 6.1

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