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. Lessee agrees that this lease shall at all times be subject and subordinate to the Permitted Encumbrances as that term is defined in the Mortgage and the Lease Agreement, including, without limitation, the Mortgage, the Lease Agreement and the Conservation Easement, and Lessee agrees to execute any instrument as may be required to effectuate such subordination.
Subordinate. Tenant hereby acknowledges and agrees that, notwithstanding anything to the contrary contained in this Lease, Tenant’s Right of First Refusal shall be subject and subordinate to any expansion rights granted in the Spectrum 3 Building to any Pending Deal Party with whom Landlord enters into a lease for space in the Spectrum 3 Building.