Subordinate Clause Samples
The 'Subordinate' clause establishes that certain terms, obligations, or rights are ranked below others in priority within a contract or agreement. In practice, this means that the subordinate provisions will only take effect or be enforceable after the primary or senior terms have been satisfied, such as in the context of debt agreements where one lender's claim is subordinate to another's. This clause is essential for clarifying the order of precedence among competing interests, thereby reducing disputes and ensuring that parties understand the hierarchy of their rights and obligations.
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Subordinate. This Agreement shall be subordinate and subject to any mortgage or deed of trust covering the Leased Premises, at any time made, and to all advances made or to be made upon the real property on which the Leased Premises are a part.
Subordinate. This Sublease is and at all times shall be subject and subordinate to the Master Lease and the rights of Master Lessor thereunder. In the event of a conflict between the provisions of this Sublease and the Master Lease, as between Sublessor and Sublessee, the provisions of this Sublease shall control.
Subordinate. Tenant’s rights in connection with the Expansion Right are and shall be subject to and subordinate to any expansion rights existing as of the Effective Date.
Subordinate. Tenant’s rights in connection with the Right of First Refusal are and shall be subject to and subordinate to any expansion or extension rights granted in Project prior to the date of this Lease.
Subordinate. Tenant's rights in connection with the Expansion Right are and shall be subject to and subordinate to any expansion or extension rights granted in the Project to other tenants leasing space in the Project as of the Commencement Date. As of the Commencement Date, no other tenant has any such superior rights.
Subordinate. Tenant's rights in connection with the Expansion Right are and shall be subject to and subordinate to any expansion or extension rights currently existing in the Project.
Subordinate. Tenant’s rights in connection with the Expansion Right are and shall be subject to and subordinate to any expansion or extension rights granted in the Project to Corixa, ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Cancer Research Center and The Hope Heart Institute.
Subordinate. This Note shall at all times be subordinate to any debt obligation to Lone Star Value Investors, LP and shall be subordinate in payment to all obligations of RLBY to Lone Star Value Investors, LP.
Subordinate. Tenant’s rights in connection with the Expansion Right are and shall be subject to and subordinate to any rights which Landlord has previously granted to Biogen-Idec Inc. and may grant now or hereafter to The ▇▇▇▇▇▇▇ Institute to lease the Available. Space.
Subordinate. Tenant’s rights in connection with the Right of Third Refusal are and shall be subject to and subordinate to any expansion or extension rights granted in the Project to Stem Centrx, LLC and GBT