Common use of Subordination Agreements Clause in Contracts

Subordination Agreements. Tenant shall execute and deliver, without charge therefor, such further instruments evidencing subordination of this Lease to the lien of any mortgages or deeds of trust affecting the Premises, Building or Land as may be required by Landlord’s lender or reasonably be required by Landlord within ten (10) days following Landlord’s request therefor; provided that such mortgagee or beneficiary under such mortgage or deed of trust agrees in writing that this Lease shall not be terminated or modified in any material way in the event of any foreclosure if Tenant is not in default under this Lease. Failure of Tenant to execute such instruments evidencing subordination of this Lease shall constitute a Default by Tenant hereunder.

Appears in 1 contract

Samples: Improvement Agreement (Rackable Systems, Inc.)

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Subordination Agreements. Tenant shall execute and ------------------------ deliver, without charge therefor, such further instruments evidencing subordination of this Lease to the lien of any mortgages or deeds of trust affecting the Premises, Building or Land as may be required by Landlord’s lender or reasonably be required by Landlord within ten (10) days following Landlord’s 's request therefor; provided that such mortgagee or beneficiary under such mortgage or deed of trust agrees in writing that this Lease shall not be terminated or modified in any material way in the event of any foreclosure if Tenant is not in default under this Lease. Failure of Tenant to execute such instruments evidencing subordination of this Lease shall constitute a Default by Tenant hereunder.

Appears in 1 contract

Samples: Lease Agreement (Symphonix Devices Inc)

Subordination Agreements. Tenant shall execute and deliver, deliver without charge therefortherefore, such further instruments evidencing subordination of this Lease to the lien of any mortgages or deeds of trust affecting the Premises, Building or Land Premises and/or real property comprising the Common Area as may be required by Landlord’s lender or reasonably be required by Landlord within ten (10) days following Landlord’s request therefortherefore; provided that such mortgagee or beneficiary under such mortgage or deed of trust agrees in writing that this Lease shall not be terminated or modified in any material way in the event of any foreclosure if Tenant is not in default under this Lease. Failure of Tenant to execute such instruments evidencing subordination of this Lease shall constitute a Default by Tenant hereunder.

Appears in 1 contract

Samples: Net Lease Agreement (Laserscope)

Subordination Agreements. Tenant shall execute and deliver, deliver without charge therefor, such further instruments evidencing subordination of this Lease to the lien of any mortgages or deeds of trust affecting the Premises, Building or Land Premises as may be required by Landlord’s lender or reasonably be required by Landlord within ten (10) business days following Landlord’s 's request therefor; provided that such mortgagee or beneficiary under such mortgage or deed of trust agrees in writing that this Lease shall not be terminated or modified in any material way in the event of any foreclosure if Tenant is not in default under this Lease. Failure of Tenant to execute such instruments evidencing subordination of this Lease shall constitute a Default by Tenant hereunder.

Appears in 1 contract

Samples: Improvement Agreement (Cruel World Inc)

Subordination Agreements. Tenant shall execute and deliver, without charge therefor, such further documents and instruments evidencing the subordination of this Lease to the lien of any mortgages or deeds of trust affecting the Premises, Building or Land Mortgage as may be required by Landlord’s lender or reasonably be required by Landlord within ten (10) days following Landlord’s 's request therefor; provided that such mortgagee or beneficiary under such mortgage or deed of trust Tenant shall not be required to execute a subordination to any Mortgage unless the Mortgagee thereunder agrees in writing that this Lease shall not be terminated or modified in any material way in the event of any foreclosure if Tenant is not then in default under this Lease. Failure of Tenant to execute such instruments evidencing subordination of this Lease to a Mortgage shall constitute a Default by Tenant hereunder.

Appears in 1 contract

Samples: Office Lease (Abovenet Communications Inc)

Subordination Agreements. Tenant shall execute and deliver, without charge therefor, such further instruments evidencing subordination of this Lease to the lien of any mortgages or deeds of trust affecting the Premises, Building or Land as may be required by Landlord’s lender or reasonably be required by Landlord within ten (10) days following Landlord’s 's request therefor; provided that such mortgagee or beneficiary under such mortgage or deed of trust agrees in writing that this Lease shall not be terminated or modified in any material way in the event of any foreclosure if Tenant is not in default under this Lease. Failure of Tenant to execute such instruments evidencing subordination of this Lease shall constitute a Default by Tenant hereunder.

Appears in 1 contract

Samples: That Certain Lease Agreement (Nhancement Technologies Inc)

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Subordination Agreements. Tenant shall execute and deliver, without charge therefor, such further instruments evidencing subordination of this Lease to the lien of any mortgages or deeds of trust affecting the Premises, Building or Land as may be required by Landlord’s lender or reasonably be required by Landlord within ten (10) days following Landlord’s 's request therefor; provided that such mortgagee or beneficiary under such mortgage or deed of trust agrees in writing that this Lease shall not be terminated or modified in any material way in the event of any foreclosure if Tenant is not in default under this Lease. Failure of Tenant to execute such instruments evidencing subordination of this Lease shall constitute a Default by Tenant hereunder.

Appears in 1 contract

Samples: Net Lease Agreement (Laserscope)

Subordination Agreements. Tenant shall execute and deliver, ------------------------ without charge therefor, such further instruments evidencing subordination of this Lease to the lien of any mortgages or deeds of trust affecting the Premises, Building or Land as may be required by Landlord’s lender or reasonably be required by Landlord within ten (10) days following Landlord’s 's request therefor; provided that such mortgagee or beneficiary under such mortgage or deed of trust agrees in writing that this Lease shall not be terminated or modified in any material way in the event of any foreclosure if so long as Tenant is not in default under this Lease. Failure of Tenant to execute such instruments evidencing subordination of this Lease shall constitute a Default by Tenant hereunder.

Appears in 1 contract

Samples: Net Lease Agreement (Navisite Inc)

Subordination Agreements. Tenant shall execute and deliver, deliver without charge therefor, such further instruments evidencing subordination of this Lease to the lien of any mortgages or deeds of trust affecting the Premises, Building or Land Premises and/or real property comprising the Common Area as may be required by Landlord’s lender or reasonably be required by Landlord within ten (10) days following Landlord’s 's request therefor; provided that such mortgagee or beneficiary under such mortgage or deed of trust agrees in writing that this Lease shall not be terminated or modified in any material way in the event of any foreclosure if Tenant is not in default under this Lease. Failure of Tenant to execute such instruments evidencing subordination of this Lease shall constitute a Default by Tenant hereunder.

Appears in 1 contract

Samples: Net Lease Agreement (Laserscope)

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