Subordination of Management Fees. The Management Fees and all rights and privileges of Agent to the Management Fees are hereby and shall at all times continue to be subject and unconditionally subordinate in all respects in lien and payment to the lien and payment of the Loan Documents and to any renewals, extensions, modifications, assignments, replacements, or consolidations thereof and the rights, privileges, and powers of Lender thereunder.
Appears in 2 contracts
Samples: Assignment of Management Agreement (El Conquistador Partnership Lp Se), Assignment of Management Agreement (El Conquistador Partnership Lp)
Subordination of Management Fees. The Management Fees and all rights and privileges of Agent Manager to the Management Fees are hereby and shall at all times continue to be subject and unconditionally subordinate in all respects in lien and payment to the lien and payment of the Mortgage, the Note, the Loan Agreement and the other Loan Documents and to any renewals, extensions, modifications, assignments, replacements, or consolidations thereof and the rights, privileges, and powers of Lender Agent thereunder.
Appears in 2 contracts
Samples: Loan Agreement (IMH Financial Corp), Loan Agreement (IMH Financial Corp)
Subordination of Management Fees. The Management Fees and all rights and privileges of Agent to the Management Fees are hereby and shall at all times continue to be subject and unconditionally subordinate in all respects in lien and payment to the lien and payment of the Security Instrument, the Note, and the other Loan Documents and to any renewals, extensions, modifications, assignments, replacements, or consolidations thereof and the rights, privileges, and powers of Lender thereunder.
Appears in 2 contracts
Samples: Assignment of Management Agreement (Paladin Realty Income Properties Inc), Management Agreement (Secured Investment Resources Fund Lp Ii)
Subordination of Management Fees. The Management Fees and all rights and privileges of Agent Manager to the Management Fees are hereby and shall at all times continue to be subject and unconditionally subordinate in all respects in lien and payment to the lien Lien and payment of the Security Instrument, the Obligations and the Loan Documents and to any renewals, extensions, modifications, assignments, replacements, or consolidations thereof and the rights, privileges, and powers of Lender Agent and Lenders thereunder.
Appears in 2 contracts
Samples: Security Agreement (Morgans Hotel Group Co.), Security Agreement (Morgans Hotel Group Co.)
Subordination of Management Fees. The Management Fees and all rights and privileges of Agent to the such Management Fees are hereby and shall at all times continue to be subject and unconditionally subordinate in all respects in lien and payment to the lien and payment of the Loan Documents and to any renewals, extensions, modifications, assignments, replacements, or consolidations thereof and the rights, privileges, and powers of Lender thereunder.
Appears in 2 contracts
Samples: Assignment of Management Agreement, Assignment of Management Agreement (TNP Strategic Retail Trust, Inc.)
Subordination of Management Fees. The Management Fees and all rights and privileges of Agent to the Management Fees are hereby and shall at all times continue to be subject and unconditionally subordinate in all respects in lien and payment to the lien and payment of the Loan Security Instrument, the Note and the Other Security Documents and to any renewals, extensions, modifications, assignments, replacements, or consolidations thereof and the rights, privileges, and powers of Lender thereunder.
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