Attornment Agreement. If a Transfer of Ownership occurs, Lender and Tenant will be bound to each other, as landlord and tenant, respectively, under all of the terms and conditions of the Lease for the balance of the term thereof (including any renewal or extension term), and Tenant hereby attorns to Lender as its landlord, such attornment to be effective and self-operative, without the execution of any other instruments on the part of either party hereto, immediately upon a Transfer of Ownership. As used in this Article and in the subsequent provisions hereof, whenever the context allows the term "Lender" will also include a purchaser of the Property at a foreclosure sale.
Attornment Agreement. This Article shall be self-operative but Tenant shall promptly, upon Landlord's request, execute and deliver proper instruments subordinating the Lease to the Mortgage, agreeing to attorn to the Mortgagee (at the Mortgagee's request) in the event the Mortgagee, by foreclosure or otherwise, terminates Landlord's interest in the Premises and agreeing further to notify the Mortgagee of any default by Landlord hereunder and afford the Mortgagee reasonable opportunity to remedy such default should it wish to do so.
Attornment Agreement. See Recital C.
Attornment Agreement. NOPEC shall obtain the approval of the lessor of the real property which is leased to NOPEC to attorn to, recognize and acknowledge SSPC's interest as a secured lender to NOPEC. Additionally, lessor shall agree in writing to give written notice to SSPC of any default in the terms of the lease agreement with NOPEC, and give SSPC the right to cure any monetary default within 15 days after receipt of notice before lessor shall take any remedial measures against NOPEC.
Attornment Agreement. This SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT dated this ____ day of ________, 1999 among 233 XXXXXXXX XXXERS LLC, with an address at c/o The Witkoff Group LLC ("Landlord"), ORGANIC, a New York corporation with an address at __________, New York, New York _________ ("Tenant"), and LEHMXX XXXTHERS HOLDINGS INC., a Delaware corporation with an address at 3 World Financial Center, New York, New York 10285 ("Lender").
Attornment Agreement. Smitty's shall obtain the Master Lease landlord's signature on a Recognition and Attornment Agreement in the form attached as exhibit D and agrees that if Smitty's defaults under the Master Lease Partnership may pay its rent directly to the master landlord. In the event Smitty's defaults in the payment of its rent under the Master Lease, Partnership may make such payment on Smitty's behalf and claim such amount from Smitty's.
Attornment Agreement. If a Transfer or Ownership occurs, Lender and Tenant will be bound to each other, as Landlord and Tenant, respectively, under all of the terms and conditions of the Lease for the remainder of the term thereof, including any renewal or extension term, and Tenant will attorn to Lender as its landlord, such attornment to be effective and self-operative, without the execution of any other instruments on the part of either party to this Agreement, to the extent of the then remaining balance of the term of the Lease, including any extensions or renewals, shall be as are now set forth in the Lease, subject to Paragraph 4 hereof. As used in this Paragraph and in the subsequent provisions hereof, whenever the Agreement allows, the term "Lender" will also include a purchaser of the Property at a foreclosure sale.
Attornment Agreement. This Article shall be self-operative but Tenant shall promptly, upon Landlord's request, execute and deliver proper instruments subordinating the Lease to the Mortgage, agreeing to attorn to the Mortgagee (at the Mortgagee's request) in the event the Mortgagee, by foreclosure or otherwise, terminates Landlord's interest in the Demised Premises and agreeing further to notify the Mortgagee of any default by Landlord hereunder and afford the Mortgagee reasonable opportunity to remedy such default should it wish to do so. The Tenant hereby appoints the Landlord the attorney-in-fact of the Tenant, irrevocably to execute and deliver such instruments, releases or other documents for or on behalf of Tenant. In the event Landlord is in default of any future mortgage and Landlord or Mortgagee notifies Tenant that the rent should be paid to the Mortgagee, Landlord hereby consents to Tenant paying the rent to the Mortgagee of the Demised Premises.
Attornment Agreement. IN THE EVENT THAT ANY SUCH FIRST MORTGAGE IS FORECLOSED OR A CONVEYANCE IN LIEU OF FORECLOSURE IS MADE FOR ANY REASON, TENANT SHALL, AUTOMATICALLY ATTORN TO AND BECOME THE TENANT OF THE SUCCESSOR IN INTEREST TO LANDLORD AT THE OPTION OF SUCH SUCCESSOR IN INTEREST. TENANT COVENANTS AND AGREES TO EXECUTE AND DELIVER, WITHIN TEN (10) DAYS FOLLOWING DELIVERY OF REQUEST BY LANDLORD, MORTGAGEE, OR BY LANDLORD'S SUCCESSOR IN INTEREST AND IN A COMMERCIALLY REASONABLE FORM REQUESTED BY LANDLORD, MORTGAGEE, OR BY LANDLORD'S SUCCESSOR IN INTEREST, ANY ADDITIONAL DOCUMENTS EVIDENCING THE PRIORITY OR SUBORDINATION OF THIS LEASE WITH RESPECT TO THE LIEN OF ANY SUCH FIRST MORTGAGE, WHICH ADDITIONAL COMMERCIALLY REASONABLE DOCUMENTS SHALL BE REASONABLE SATISFACTORY TO TENANT, LANDLORD, MORTGAGEE, AND LANDLORD'S SUCCESSORS IN INTEREST.
Attornment Agreement. Within thirty (30) days after the Closing Date, Seller shall use its best efforts to obtain for Buyer’s benefit an attornment and non-disturbance agreement (“Attornment Agreement”), in form reasonably satisfactory to Buyer, from any lender having a lien on the Property (“Lien Lender”) which grants Buyer the right to remain in possession of the Property under the Lease (and conditioned on Buyer’s timely performance of all duties and obligations owed under the Lease) notwithstanding any default by Sellers in any debt obligations to the Lien Lender or the exercise by the Lien Lender of any rights of foreclosure or other rights in or against the Property and arising from or in connection with such debt obligations of Seller. The Attornment Agreement, inter alia, must also provide that the Lien Lender will honor any purchase option right of Buyer under the Lease. Buyer agrees that it will consent to any request by the Lien Lender that the Lease be assigned to the Lien Lender as additional security for the debt obligation secured by the Lien Lender’s lien in the Property.
