Priority of Leases. To the extent Mortgagor has the right, under the terms of any Lease, to make such lease subordinate to the lien hereof, Mortgagor will, at Mortgagee’s request and Mortgagor’s expense, take such action as may be required to effect such subordination. Conversely, Mortgagor will, at Mortgagee’s request and Mortgagor’s expense, take such action as may be necessary to subordinate the lien hereof to any future Lease designated by Mortgagee.
Appears in 3 contracts
Samples: Mortgage, Security Agreement (KBS Real Estate Investment Trust, Inc.), Griffin Land & Nurseries Inc, Griffin Land & Nurseries Inc
Priority of Leases. To the extent Mortgagor has the right, under the terms of any Lease, to make such lease Lease subordinate to the lien hereof, Mortgagor will, at Mortgagee’s request and Mortgagor’s expense, take such action as may be required to effect such subordination. Conversely, Mortgagor will, at Mortgagee’s request and Mortgagor’s expense, take such action as may be necessary to subordinate the lien hereof to any future Lease designated by Mortgagee.
Appears in 2 contracts
Samples: Mortgage, Security Agreement (Griffin Capital Essential Asset REIT, Inc.), Griffin Capital Essential Asset REIT, Inc.
Priority of Leases. To the extent Mortgagor has the right, under the terms of any Lease, to make such lease subordinate to the lien hereof, Mortgagor will, at Mortgagee’s 's request and Mortgagor’s Xxxxxxxxx's expense, take such action as may be required to effect such subordination. Conversely, Mortgagor will, at Mortgagee’s 's request and Mortgagor’s Xxxxxxxxx's expense, take such action as may be necessary to subordinate the lien hereof to any future Lease designated by Mortgagee.
Appears in 1 contract
Samples: Sonesta International Hotels Corp
Priority of Leases. To the extent Mortgagor has the right, under the terms of any Secondary Lease, to make such lease subordinate to the lien hereof, Mortgagor will, at Mortgagee’s 's request and Mortgagor’s Xxxxxxxxx's expense, take such action as may be required to effect such subordination. Conversely, Mortgagor will, at Mortgagee’s 's request and Mortgagor’s Xxxxxxxxx's expense, take such action as may be necessary to subordinate the lien hereof to any future Secondary Lease designated by Mortgagee.
Appears in 1 contract
Samples: Sonesta International Hotels Corp