Subordination and Assignment the Permitted Sub-Lease shall provide that the Permitted Sub-Lease is subject and subordinate to the Lease in all respects, that the rights of possession and use created thereunder will terminate immediately upon termination or cancellation of the Lease, and that the Permitted Sub-Lessee shall redeliver the Aircraft to Lessor upon notification of any such Lease termination or cancellation. Prior to delivery of the Aircraft to the Permitted Sub-Lessee, Lessee shall deliver to Lessor the chattel paper original of such Permitted Sub-Lease. The Permitted Sub-Lease shall be assigned, as security, to Lessor for Lessee’s obligations under the Lease, pursuant to an agreement reasonably acceptable to Lessor and Lessee (the “Sub-Lease Assignment”) (and, if applicable, Lessor’s interest in such Sub-Lease Assignment may be reassigned, as security, to Owner and/or the Financing Parties’ Representative); provided, that any such Sub-Lease Assignment shall require direct payment of rent under such Permitted Sub-Lease at any time when a Significant Default or an Event of Default shall have occurred and be continuing hereunder, but not otherwise;
Subordination and Assignment. Upon the occurrence and during the continuation of any Event of Default, Guarantor hereby subordinates in favor of the Lender any claims of Guarantor against the Borrower or in or to any property of the Borrower, to the extent that any such claims arise hereafter by reason of payments made by Guarantor upon any item or items of the Guaranteed Obligations, and Guarantor hereby assigns to the Lender any such claim hereafter arising and authorizes the Lender to apply any payments thereon upon such item or items of the Guaranteed Obligations as the Lender may determine. Upon the termination of this Guaranty as herein provided, the Lender agrees to reassign to Guarantor any claim which is assigned pursuant to this Section 7.
Subordination and Assignment. 12.1 This Agreement and the leasehold in the Premises created hereunder shall be C:\Documents and Settings\Default\Mv Documents\AAOPA-President\Lease Agreement Vacant Land REDLINED 6-2807 .do<>L.\CL020000\20G20\r v. v. 01 'h';ld\Lv_ov /'01 <"I"Out_V H_Hut LH •• J _ RCDLH n:o _ G 28 07.doo subject to and expressly subordinate at all times to the lien of any mortgage filed with respect to the Premises, whether now existing or in the future made; provided, however, that any such mortgage shall expressly provide that in any foreclosure proceeding of the Premises the Lessee will not be made a party thereunder and in any sale of the Premises in foreclosure or by deed in lieu of foreclosure or otherwise this Agreement and the leasehold in the Premises created hereunder shall remain undisturbed and in full force and effect for so long as the Lessee is not in default of the terms and conditions of this Agreement.
Subordination and Assignment. The Collateral Manager agrees that the payment of all amounts to which it is entitled pursuant to this Agreement shall be subordinated to the extent set forth in, and the Collateral Manager agrees to be bound by the provisions of, Article XI of the Indenture and each of the Collateral Manager and Issuer hereby consents to the assignment of this Agreement as provided in Section 15.1 of the Indenture.
Subordination and Assignment. Tenant agrees that its rights under this ---------------------------- Lease are and shall remain subject and subordinate to the WCC Lease Documents. Further, if Landlord falls to enforce its rights hereunder after thirty (30) days written notice to Landlord, WCC may enforce such rights. This Lease, together with all of Landlord's right, title and interest therein has been assigned to WCC as security for all of Landlord's obligations to WCC under the WCC Lease Documents.
Subordination and Assignment. The Collateral Manager agrees that the payment of all amounts to which it is entitled pursuant to this Agreement shall be subordinated to the extent set forth in, and the Collateral Manager agrees to be bound by the provisions of, Article XI of the Indenture and each of the Collateral Manager and Issuer hereby consents to the assignment of this Agreement as provided in Section 15.1 of the Indenture. Without limiting the foregoing, the Collateral Manager hereby acknowledges and agrees that its claims in respect of any accrued and unpaid Incentive Management Fee shall, both before and after the commencement of the winding-up of the Issuer, be subordinated to the claims of the Holders of the Preferred Interests to the payment of any distribution on the Preferred Interests in the manner and to the extent provided in the Priority of Payments.
Subordination and Assignment. The Guarantor hereby subordinates in favor of the Administrative Agent its claims against the Borrowers or in or to any property of the Borrowers, to the extent that any such claims arise hereafter by reason of payments made by the Guarantor upon any item or items of the Guaranteed Obligations, and the Guarantor hereby assigns to the Administrative Agent any such claims hereafter arising and authorizes the Administrative Agent to apply any payments thereon upon such item or items of the Guaranteed Obligations as the Administrative Agent may determine. Upon the termination of this Guaranty as herein provided, the Administrative Agent agrees to reassign to the Guarantor any claim which is assigned pursuant to this Section 6.
Subordination and Assignment. The Guarantor hereby subordinates in favor of the Lender its claims against the Borrowers or in or to any property of the Borrowers, to the extent that any such claims arise hereafter by reason of payments made by the Guarantor upon any item or items of the Guaranteed Obligations, and the Guarantor hereby assigns to the Lender any such claims hereafter arising and authorizes the Lender to apply any payments thereon upon such item or items of the Guaranteed Obligations as the Lender may determine. Upon the termination of this Guaranty as herein provided, the Lender agrees to reassign to the Guarantor any claim which is assigned pursuant to this Section 6.
Subordination and Assignment. 8.1 Security Interests and Secured Parties --------------------------------------
Subordination and Assignment
