SUBORDINATION AND FINANCING. 26.1 Tenant agrees that this Lease and the rights of Tenant hereunder shall be subject and subordinate to any and all deeds of trust, security interests, mortgages, master leases, ground leases or other security documents and any and all modifications, renewals, extensions, consolidations and replacements thereof (collectively, "Security Documents") which now or hereafter constitute a lien upon or affect the Building or the Premises. Such subordination shall be effective without the necessity of the execution by Tenant of any additional document for the purpose of evidencing or effecting such subordination, in addition, Landlord shall have the right to subordinate or cause to be subordinated any such Security Documents to this Lease, and in such case, in the event of the termination or transfer of Landlord's estate or interest in the Building by reason of any termination or foreclosure of any such Security Documents, Tenant shall, notwithstanding such subordination, attorn to and become the Tenant of the successor in interest to Landlord at the option of such successor in interest. Furthermore, Tenant shall within five (5) business days of demand therefor execute any instruments or other documents which may be required by Landlord or the holder of any Security Document and specifically shall execute, acknowledge and deliver within five (5) business days of demand therefor a subordination of lease or subordination of deed of trust, in the form required by the holder of the Security Document requesting the document; the failure to do so by Tenant within such time period shall be a material default hereunder. Notwithstanding any provision of this Lease to the contrary, the subordination of this Lease and the rights of Tenant to any Security Documents which are executed or entered into after the date of this Lease (and Tenant's duty hereunder to execute any documents evidencing such subordination) shall be subject to the holder of such Security Document agreeing pursuant to such holders standard form for such purpose or otherwise pursuant to any other form in common use by institutional lenders that Tenants possession and this Lease shall not be disturbed by such holder so long as no default hereunder shall occur, and Tenant shall attorn to the record owner of the Building.
SUBORDINATION AND FINANCING. The Tenant agrees that at all times this Lease and the Tenant’s leasehold estate created hereby shall be subordinate to the lien of any mortgage, deed of trust or other encumbrance, together with any renewals, extensions or replacements thereof, now or hereafter placed, charged or enforced against the Owner’s interest in the Building and the Premises. Upon the request of the Owner, the Tenant agrees to execute and deliver such documents, including financial statements, as may be required to effectuate such subordination. In the event the Tenant shall fail, neglect or refuse to execute and deliver any such document within ten (10) days after receipt by the Tenant of the document(s) to be executed by it, to effect such subordination, the Tenant hereby irrevocably appoints the Owner, and the Owner’s successors and assigns, the true and lawful attorney-in-fact of the Tenant to execute and deliver in the Tenant’s own name any and all such documents for and on behalf of the Tenant in connection with such subordination. Landlord to provide Tenant with a mutually agreed upon subordination and non disturbance agreement.
SUBORDINATION AND FINANCING. 22 SECTION 12.01. SUBORDINATION...................................... 22 SECTION 12.02. ATTORNMENT......................................... 22 SECTION 12.03. FINANCING.......................................... 23 ARTICLE XIII.
SUBORDINATION AND FINANCING. 14.01. The Tenant agrees that at all times this Lease and the Tenant’s leasehold estate created hereby shall be subordinate to the lien of any mortgage, deed of trust or other encumbrance, together with any renewals, extensions or replacements thereof, now or hereafter placed, charged or enforced against the Owner’s interest in the Building and the Premises. Upon the request of the Owner, the Tenant agrees to execute and deliver (but without cost to the Tenant) such documents as may be required to effectuate such subordination. In the event the Tenant shall fail, neglect or refuse to execute and deliver any such document within ten (10) days after receipt by the Tenant of the document(s) to be executed by it, to effect such subordination, the Tenant hereby irrevocably appoints the Owner, and the owner’s successors and assigns, the true and lawful attorney-in-fact of the Tenant to execute and deliver in the Tenant’s own name any and all such documents for and on behalf of the Tenant in connection with such subordination. In connection with such subordination, the Owner shall use all reasonable efforts to obtain the agreement in writing of the mortgagee or the beneficiary named in such mortgage, deed of trust or other encumbrance, for the benefit of the Tenant, that so long as the Tenant is not in default under this Lease beyond the applicable cure period, the rights of the Tenant hereunder shall not be terminated or modified nor shall the Tenant’s possession and use of the Premises be disturbed.
SUBORDINATION AND FINANCING. 18 ARTICLE 27-
SUBORDINATION AND FINANCING. 18 SECTION 12.01 - SUBORDINATION: ........................................ 18 SECTION 12.02 - ATTORNMENT: ........................................... 19 SECTION 12.03 - ESTOPPEL: ............................................. 19 ARTICLE XIII. DEFAULTS ................................................. 19 SECTION 13.01 - EVENTS OF DEFAULT: .................................... 19 SECTION 13.02 - LANDLORD'S REMEDIES: .................................. 20 SECTION 13.03 - ADDITIONAL REMEDIES AND WAIVERS: ...................... 21 SECTION 13.04 - LEASEHOLD MORTAGEE'S RIGHT TO CURE:.................... 21 SECTION 13.05 - DEFAULT BY LANDLORD: .................................. 21
SUBORDINATION AND FINANCING. 12 Section 12.01 - Subordination:...................................... 12 Section 12.02 - Attornment:......................................... 12 Section 12.03 - Financing:.......................................... 12 Section 12.04 - Estoppel:........................................... 12 Article XIII. DEFAULTS....................................................... 12 Section 13.01 - Events of Default:.................................. 12 Section 13.02 - Landlord's Remedies:................................ 12 Section 13.03 - Additional Remedies and Waivers:.................... 12 Section 13.04 - Default by Landlord:................................ 12
SUBORDINATION AND FINANCING. Section 13.1 Tenant agrees that this Lease shall, at the request of Landlord, be subordinate to any mortgage or deeds
SUBORDINATION AND FINANCING. The Tenant shall, upon the request of the Owner, subordinate this Lease and the Tenant's rights hereunder to the lien of any mortgage, deed of trust or other encumbrance, together with any extensions or replacements thereof, now or hereafter placed, charged or enforced against the Owner's interest in this Lease and the leasehold estate hereby created, or the Premises, and deliver such documents as may be required to effectuate such subordination. In the event the Tenant shall fail, neglect or refuse to execute and deliver any such document within ten (10) days after receipt of written notice so to do and the receipt by the Tenant of the document(s) to be executed by it, the Tenant hereby irrevocably appoints the Owner, and the Owner's successors and assigns, the true and lawful attorney-in-fact of the Tenant to execute and deliver any and all such documents for arid on behalf of the Tenant. In connection with such subordination, the Owner shall obtain the agreement in writing of the mortgagee or the beneficiary named in such mortgage, deed of trust or other encumbrance, for the benefit of the Tenant, that so long as the Tenant is not in default under this Lease, the rights of the Tenant hereunder shall not be terminated or modified.
SUBORDINATION AND FINANCING. 16 25.1. Subordination........................................................ 16 25.2. Future Encumbrance................................................... 16 25.3. Attornment........................................................... 16 25.4.
