Lease Subordination definition

Lease Subordination means that certain Subordination Agreement by and among MetLife, CROP PRODUCTION SERVICES, INC., a Delaware corporation, as Tenant and GPGC TN, as Owner in form and substance acceptable to MetLife and any other subordination agreements in form and substance acceptable to and as reasonably required by MetLife.
View Source

Examples of Lease Subordination in a sentence

  • If, at any time, the Project is subject to a Master Lease, such Master Lease shall be subordinate to First Mortgage Documents and the Loan Documents pursuant to the then applicable HUD form of Supplemental Master Lease Subordination, Non-Disturbance and Attornment Agreement (a “Master Lease SNDA”) or a Supplemental Master Lease Subordination Agreement (a “Master Lease Subordination Agreement”), as determined by HUD in accordance with Program Obligations.

  • HUD agrees to honor (a) the provisions of Section 4 and 7 of any Master Lease SNDA, and (b) the provisions of Section 5 of the Master Lease SNDA or Master Lease Subordination Agreement, insofar as such sections call for HUD’s consent or the release of the Project from the Master Lease, the First Mortgage Documents and/or the Loan Documents, on the terms and subject to the limitations set forth in such sections.

  • HUD agrees to honor (a) the provisions of Section 4 and 7 of any Master Lease SNDA, and (b) the provisions of Section 5 of the Master Lease SNDA or Master Lease Subordination Agreement, insofar as such sections call for HUD’s consent for the release of the Project from the Master Lease and/or the Loan Documents, on the terms and subject to the limitations set forth in such sections.

  • The Master Lease and the HUD Master Lease Subordination Agreement or Master Lease Subordination Non Disturbance Agreement shall be approved by HUD and the Mortgagee.

  • AGREEMENT If, at any time, the Project is subject to a Master Lease, such Master Lease shall be subordinated to the Loan Documents pursuant to the then applicable HUD form of Master Lease Subordination, Non-Disturbance and Attornment Agreement (a “Master Lease SNDA”) or a Master Lease Subordination Agreement (a “Master Lease Subordination Agreement”), as determined by HUD in accordance with Program Obligations.

  • Lease Subordination, Non-Disturbance of Possession and Attornment Agreement filed April 23, 2008, executed by and between DHL Express, (USA), Inc.; Anglo Irish Bank Corporation; Stag IV Waco, L.P., recorded as Instrument #2008012856 of the Official Public Records of McLennan County, Texas.

  • Notwithstanding any provision to the contrary contained in this Participation Agreement, the Facility Lease or any other Operative Document, claims against ▇▇▇▇▇ City for Component A of Termination Value shall be subordinated to the payment of Basic Lease Rent available to service the Lessor Notes on the terms and conditions set forth in the Lease Subordination Agreement.

  • HUD agrees to honor (a) the provisions of Section 4 and 7 of any Master Lease SNDA, and (b) the provisions of Section 5 of the Master Lease SNDA or Master Lease Subordination Agreement, insofar as such sections call for HUD’s consent or the release of the Project from the Master Lease and/or the Loan Documents, on the terms and subject to the limitations set forth in such sections.

  • Lessee, upon demand, at any time, before or after any such foreclosure sale, trustee's sale, conveyance in lieu thereof, or other transfer shall execute, acknowledge, and deliver to the prospective transferee and/or mortgagee the Lease Subordination, Non-disturbance and Attornment Agreement and any additional written instruments and certificates evidencing such attornment all on substantially the same terms as those herein as the mortgagee or other prospective transferee may reasonably require.

  • Notwithstanding the foregoing, the Lender hereby approves the each of the leases subordinated by the Lease Subordination Agreements so long as the Lease Subordination Agreement applicable to such lease remains in full force and effect.