Priority of Leases. To the extent Grantor has the right, under the terms of any Lease, to make such Lease subordinate to the lien hereof, Grantor will, at Grantee’s request and Grantor’s expense, take such action as may be required to effect such subordination. Conversely, Grantor will, at Grantee’s request and Grantor’s expense, take such action as may be necessary to subordinate the lien hereof to any future Lease designated by Grantee.
Appears in 2 contracts
Samples: Secure Debt, Security Agreement (KBS Real Estate Investment Trust, Inc.), Secure Debt, Security Agreement (KBS Real Estate Investment Trust, Inc.)
Priority of Leases. To the extent Grantor has the right, under the terms of any Lease, to make such Lease subordinate to the lien hereof, Grantor will, at GranteeBeneficiary’s request and Grantor’s expense, take such action as may be required to effect such subordination. Conversely, Grantor will, at GranteeBeneficiary’s request and Grantor’s expense, take such action as may be necessary to subordinate the lien hereof to any future Lease designated by GranteeBeneficiary.
Appears in 2 contracts
Samples: Griffin Capital Essential Asset REIT II, Inc., Griffin Capital Essential Asset REIT II, Inc.
Priority of Leases. To the extent Grantor has the right, right under the terms of any Lease, existing lease of all or any part of the Property to make such Lease lease subordinate to the lien hereofof this Deed of Trust, Grantor will, at Grantee’s Beneficiary's request and Grantor’s 's expense, take such action as may be required to effect such subordination. Conversely, Grantor will, at Grantee’s request and Grantor’s expense, take such action as may be necessary to subordinate the lien hereof to any future Lease designated by Grantee.
Appears in 2 contracts
Samples: Rents and Security Agreement (St Mary Land & Exploration Co), Rents and Security Agreement (St Mary Land & Exploration Co)
Priority of Leases. To the extent Grantor has the right, under the terms of any Leaseexisting lease of all or any part of the Property, to make such Lease lease subordinate to the lien hereofof this Deed of Trust, Grantor will, at Grantee’s Beneficiary's request and Grantor’s expense, take such action as may be required to effect such subordination. Conversely, Grantor will, at Grantee’s Beneficiary"s request and Grantor’s 's expense, take such action as may be necessary to subordinate the lien hereof to any future Lease lease of all or any part of the Property designated by GranteeBeneficiary.
Appears in 1 contract
Priority of Leases. To the extent Grantor has the right, under the terms of any Tenant Lease, to make such Tenant Lease subordinate to the lien hereof, Grantor will, at GranteeBeneficiary’s request and Grantor’s expense, take such action as may be required to effect such subordination. Conversely, Grantor will, at GranteeBeneficiary’s request and Grantor’s expense, take such action as may be necessary to subordinate the lien hereof to any future Tenant Lease designated by GranteeBeneficiary.
Appears in 1 contract
Samples: Trust, Security Agreement (Behringer Harvard Opportunity REIT II, Inc.)
