Common use of Prior Lien Clause in Contracts

Prior Lien. In the event that the Mortgagee or beneficiary of any such mortgage or deed of trust elects to have this Lease a prior lien to its mortgage or deed of trust, then and in such event, upon such Mortgagee's or beneficiary's giving written notice to Tenant to that effect, this Lease shall be deemed prior in lien to such mortgage or deed of trust, whether this Lease is dated prior to or subsequent to the date of recordation of such mortgage or deed of trust.

Prior Lien. In the event that the Mortgagee mortgagee, or beneficiary beneficiary, of any such mortgage or deed of trust elects to have this Lease a prior lien to its mortgage or deed of trust, then then, and in such event, upon such Mortgageemortgagee's or beneficiary's giving written notice to Tenant to that effect, this Lease shall be deemed prior in lien to such mortgage or deed of trust, whether this Lease is dated prior to to, or subsequent to to, the date of recordation of such mortgage or deed of trust.