Common use of Self-Executing Clause in Contracts

Self-Executing. The agreements contained in this Article 27 shall be effective without the execution of any further documents. However, upon written request from Landlord or a Lender in connection with a sale, financing or refinancing of the Premises, Tenant and Landlord shall execute such further writings as may be reasonably required to separately document any such subordination or non-subordination, or attornment agreement as is provided for herein. Notwithstanding the foregoing, Tenant's subordination of this Lease shall be subject to receiving customary non-disturbance protection from the applicable holder of any Senior Lien to the effect that Tenant's possession and this Lease will not be disturbed so long as Tenant is not in Breach hereof and attorns to the record owner of the Premises, subject to any right of Tenant of to cure such Breach.

Appears in 1 contract

Sources: Commercial Sub Sublease (General Inspection Laboratories Inc)

Self-Executing. The agreements contained in this Article 27 shall be effective without the execution of any further documents. However, upon written request from Landlord or a Lender in connection with a sale, financing or refinancing of the Premises, Tenant and Landlord shall execute such further writings as may be reasonably required to separately document any such subordination or non-non- subordination, or attornment agreement as is provided for herein. Notwithstanding the foregoing, Tenant's subordination of this Lease shall be subject to receiving customary non-disturbance protection from the applicable holder of any Senior Lien to the effect that Tenant's possession and this Lease will not be disturbed so long as Tenant is not in Breach hereof and attorns to the record owner of the Premises, subject to any right of Tenant of to cure such Breach.

Appears in 1 contract

Sources: Commercial Sub Sublease (General Inspection Laboratories Inc)