TENANT SUBORDINATION Sample Clauses
TENANT SUBORDINATION. 21.1.1 This Lease is expressly subject and subordinate at all times to the lien of any mortgage or deed of trust deed encumbering the Medical Building and the Property and to all advances made or to be made upon the security thereof. At the request, from time to time, by one or more holders of a mortgage or deed of trust that may hereafter be placed upon the Property or any part thereof by Landlord, and any and all renewals, replacements, modifications, consolidations and extensions thereof, Tenant shall subordinate this Lease and all of Tenant's rights and estate hereunder to each such mortgage or deed of trust and agree with each such institutional holder that Tenant will attorn to and recognize such holder or the purchaser at any foreclosure sale or any sale under a power of sale contained in any such mortgage or deed of trust, as the case may be, as Landlord under this Lease for the balance of the Term then remaining, subject to all of the terms and provisions of this Lease and will execute such subordination agreement, estoppel agreements or other agreements as may be reasonably required by any said mortgagee, trustee or lessor. The Landlord shall deliver to Tenant a non-disturbance and attornment agreement (such agreement having theretofore been executed by Tenant) from the holder of the mortgage or trust deed encumbering all or any part of the Medical Building or the Property is situated existing as of the date hereof, and if Tenant is requested to subordinate its interest under this Lease to any future mortgagee or trustee, the Landlord shall deliver a non-disturbance and attornment agreement from the holder of the mortgage or trust deed desiring such subordination. The non-disturbance and attornment agreements referred to above shall provide that Tenant's possession hereunder shall not be disturbed in the event of a foreclosure, so long as Tenant is not in default hereunder.
21.1.2 If any such mortgage or deed of trust be foreclosed, upon request of the mortgagee, trustee or Lessor, Tenant will attorn to the purchaser at any foreclosure sale thereunder or the lessor under the ground lease (as the case may be) and will execute such instruments as may be necessary or appropriate to evidence such attornment.
TENANT SUBORDINATION. 2.1 Subject to the provisions of Section 3, the Loan Documents shall constitute a lien or charge on the Mortgage Premises that is prior and superior to the Lease, to the leasehold estate created by it, and to all rights and privileges of Tenant under it; by this Agreement, the Lease, the leasehold estate created by it, together with all rights and privileges of Tenant under it, is, subject to Section 3, subordinated, at all times, to the lien or charge of the Loan Documents in favor of Lender.
2.2 By executing this Agreement, Tenant, subject to Section 3, subordinates the Lease and Tenant’s interest under it to the lien right and security title, and terms of the Loan Documents, and to all advances or payments made, or to be made, under any Loan Document.
TENANT SUBORDINATION. 3.1 Subject to the provisions of this Agreement, the Financing Documents shall constitute a lien or charge on the Premises that is prior and superior to the Lease, to the leasehold estate created by it, and to all rights and privileges of Tenant under it; by this Agreement, the Lease, the leasehold estate created by it, together with all rights and privileges of Tenant under it, is subordinated, at all times, to the lien or charge of the Financing Documents in favor of Trustee.
3.2 By executing this Agreement, Tenant subordinates the Lease and ▇▇▇▇▇▇'s interest under it to the lien right and security title and to all advances or payments made, or to be made, under any Financing Document.
TENANT SUBORDINATION. 39 ARTICLE 22.
TENANT SUBORDINATION. Tenant accepts this Lease subject and subordinate to any Mortgage, Deed of Trust, Deed to Secure Debt or any other hypothecation or security now or hereafter placed upon the Leased Premises (any such instrument hereinafter called a "Mortgage") and to any and all advances made on the security thereof and to all renewals, modifications, consolidations, replacements and extensions thereof. If any holder of a Mortgage (herein "Landlord's Mortgagee") shall elect to have this Lease prior to the lien of its Mortgage, and shall give written notice thereof to Tenant, this Lease shall be deemed prior to such Mortgage, whether this Lease is dated prior or subsequent to the date of said Mortgage, or the date of recording thereof.
TENANT SUBORDINATION. 3.1. Subject to the provisions of Section 4, the Loan Documents shall constitute a lien or charge on the Mortgaged Premises that is prior and superior to the Lease, to the leasehold estate created by it, and to all rights and privileges of Tenant under it; by this Agreement, the Lease, the leasehold estate created by it, together with all rights and privileges of Tenant under it, is subordinated, at all times, to the lien or charge of the Loan Documents in favor of Lender, provided, however, that (a) the MOFL, MOOMP, MOOLP and Tenant’s Mortgaged Premises Purchase Option and Leased Premises Purchase Option shall at all times remain a lien on the Mortgaged Premises senior and superior to the lien or charge of the Loan Documents and (b) none of Tenant’s rights under the Lease, including, without limitation, its right to use and possession, its Mortgaged Premises Purchase Option and Leased Premises Purchase Option, and its right to any rent abatement, shall be affected in any way by reason of being subordinate to the Loan Documents.
3.2. Except as provided in Section 3.1, Tenant hereby subordinates the Lease and Tenant’s interest under it to the lien right and security title, and terms of the Loan Documents, and to all advances or payments made, or to be made, under any Loan Document.