Common use of SUBORDINATE LEASES Clause in Contracts

SUBORDINATE LEASES. Each Lease affecting the Property shall be absolutely subordinate to the lien of this Mortgage and shall also contain a provision, satisfactory to Lender, to the effect that in the event of the judicial or non-judicial foreclosure of the Property, at the election of the acquiring foreclosure purchaser, the particular Lease shall not be terminated and the tenant shall attorn to the purchaser. If requested to do so, the tenant shall agree to enter into a new Lease for the balance of the term upon the same terms and conditions. If Lender requests, Borrower shall cause a tenant or tenants to enter into subordination and attornment agreements or nondisturbance agreement with Lender on fonns which have been approved by Lender.

SUBORDINATE LEASES. Each From and after the date hereof, each Lease affecting the Property shall be absolutely subordinate to the lien of this Mortgage and shall also contain a provision, satisfactory to Lender, to the effect that in the event of the judicial or non-judicial foreclosure of the Property, at the election of the acquiring foreclosure purchaser, the particular Lease shall not be terminated and the tenant shall attorn to the purchaser. If requested to do so, the tenant shall agree to enter into a new Lease for the balance of the term upon the same terms and conditions. If Lender requests, Borrower shall cause a tenant or tenants to enter into subordination and attornment agreements or nondisturbance agreement non-disturbance agreements with Lender on fonns forms which have been approved by Lender, subject to reasonable modifications requested by tenants.

SUBORDINATE LEASES. Each Lease affecting entered into after the Property date hereof ------------------ shall be absolutely subordinate to the lien of this Mortgage Deed of Trust and shall also contain a provision, satisfactory to LenderBeneficiary, to the effect that in the event of the judicial or non-judicial foreclosure of the Property, at the election of the acquiring foreclosure purchaser, the particular Lease shall not be terminated and the tenant shall attorn to the purchaser. If requested to do so, the tenant shall agree to enter into a new Lease for the balance of the term upon the same terms and conditions. If Lender Beneficiary requests, Borrower Grantor shall cause a tenant or tenants to enter into subordination and attornment agreements or nondisturbance agreement with Lender Beneficiary on fonns forms which have been approved by LenderBeneficiary.