Common use of Subordination and Attornment Clause in Contracts

Subordination and Attornment. Upon request of the Lessor, Lessee will subordinate its rights hereunder to the lien of any mortgage now or hereafter in force against the property or any portion thereof, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property provided, however, that in such case the holder of such mortgage, or the Lessor under such Lease shall agree that this Lease shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or Lease, so long as the Lessee shall not be in default under the terms of this Lease. Lessee agrees that this Lease shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee shall, in the event of the sale or assignment of Lessor's interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale under any mortgage made by Lessor covering the Premises, attorn to the purchaser and recognize such purchaser as Lessor under this Lease.

Appears in 134 contracts

Samples: (Gross) Lease Agreement, Modified Gross Lease Agreement, Rent Lease Agreement

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Subordination and Attornment. Upon request of the Lessor, Lessee will subordinate its rights hereunder to the lien of any mortgage now or hereafter in force against the property or any portion thereof, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property provided, however, that in such case the holder of such mortgage, mortgage or the Lessor under such Lease Agreement shall agree that this Lease Agreement shall not be divested or in any way affected by foreclosure, or other default proceedings under the said mortgage, obligation secured thereby, or Leaseagreement, so long as the Lessee shall not be in default under the terms of this LeaseAgreement. Lessee agrees that this Lease Agreement shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee shall, in the event of the sale or assignment of Lessor's interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale under any mortgage made by Lessor covering the Premises, attorn to the purchaser and recognize such purchaser as Lessor under this LeaseAgreement.

Appears in 27 contracts

Samples: Commercial Lease Agreement, Commercial Lease Agreement, Commercial Lease Agreement

Subordination and Attornment. Upon request of the Lessor, Lessee will subordinate its rights hereunder to the lien of any mortgage now or hereafter in force against the property or any portion thereof, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property provided, however, that in such case the holder of such mortgage, or the Lessor under such Lease shall agree that this Lease shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or Lease, so long as the Lessee shall not be in default under the terms of this Lease. Lessee Xxxxxx agrees that this Lease shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee shall, in the event of the sale or assignment of LessorXxxxxx's interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale under any mortgage made by Lessor covering the Premises, attorn to the purchaser and recognize such purchaser as Lessor under this Lease.

Appears in 15 contracts

Samples: Commercial Lease, Oregon Commercial Lease, Ohio Commercial Lease

Subordination and Attornment. Upon request of the LessorLandlord, Lessee Tenant will subordinate its rights hereunder to the lien of any mortgage now or hereafter in force against the property or any portion thereof, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property provided, however, that in such case the holder of such mortgage, or the Lessor Landlord under such Lease shall agree that this Lease shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or Lease, so long as the Lessee Tenant shall not be in default under the terms of this Lease. Lessee Tenant agrees that this Lease shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee Tenant shall, in the event of the sale or assignment of Lessor's Landlord’s interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale under any mortgage made by Lessor Landlord covering the Premises, attorn to the purchaser and recognize such purchaser as Lessor Landlord under this Lease.

Appears in 15 contracts

Samples: Kansas Commercial Lease Agreement, York Commercial Lease Agreement, Jersey Commercial Lease Agreement

Subordination and Attornment. Upon request of the LessorLandlord, Lessee Tenant will subordinate its rights hereunder to the lien of any mortgage now or hereafter in force against the property or any portion thereof, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property provided, however, that in such case the holder of such mortgage, mortgage or the Lessor Landlord under such Lease Agreement shall agree that this Lease Agreement shall not be divested or in any way affected by foreclosure, or other default proceedings under the said mortgage, obligation secured thereby, or Leaseagreement, so long as the Lessee Tenant shall not be in default under the terms of this LeaseAgreement. Lessee Xxxxxx agrees that this Lease Agreement shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee Tenant shall, in the event of the sale or assignment of LessorLandlord's interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale under any mortgage made by Lessor Landlord covering the Premises, attorn to the purchaser and recognize such purchaser as Lessor Landlord under this LeaseAgreement.

Appears in 9 contracts

Samples: Nebraska Commercial Lease Agreement, North Carolina Commercial Lease Agreement, Rhode Island Commercial Lease Agreement

Subordination and Attornment. Upon request of the LessorTenant, Lessee Subtenant will subordinate its rights hereunder to the lien of any mortgage now or hereafter in force against the property or any portion thereof, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property property; provided, however, that in such case the holder of such mortgage, or the Lessor Tenant under such Lease Agreement, shall agree that this Lease Agreement shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or LeaseAgreement, so long as the Lessee Subtenant shall not be in default under the terms of this LeaseAgreement. Lessee Subtenant agrees that this Lease Agreement shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee Subtenant shall, in the event of the sale or assignment of LessorTenant's interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure ofof the Premises, or in the event of exercise of the power of sale under any mortgage made by Lessor Tenant covering the Premises, attorn to the purchaser and recognize such purchaser as Lessor Tenant under this LeaseAgreement.

Appears in 8 contracts

Samples: Commercial Sublease Agreement, Sample Commercial Sublease Agreement, Commercial Sublease Agreement

Subordination and Attornment. Upon request of the Lessor, Lessee will subordinate its rights hereunder to the lien of any mortgage now or hereafter in force against the property or any portion thereof, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property provided, however, that in such case the holder of such mortgage, mortgage or the Lessor under such Lease Agreement shall agree that this Lease Agreement shall not be divested or in any way affected by foreclosure, or other default proceedings under the said mortgage, obligation secured thereby, or Leaseagreement, so long as the Lessee shall not be in default under the terms of this LeaseAgreement. Lessee Xxxxxx agrees that this Lease Agreement shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee shall, in the event of the sale or assignment of LessorXxxxxx's interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale under any mortgage made by Lessor covering the Premises, attorn to the purchaser and recognize such purchaser as Lessor under this LeaseAgreement.

Appears in 8 contracts

Samples: Commercial Lease Agreement, Commercial Lease Agreement, Commercial Lease Agreement

Subordination and Attornment. Upon request of the LessorLandlord, Lessee Tenant will subordinate its rights hereunder to the lien of any mortgage now or hereafter in force against the property or any portion thereof, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property provided, however, that in such case the holder of such mortgage, or the Lessor Landlord under such Lease shall agree that this Lease shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or Lease, so long as the Lessee Tenant shall not be in default under the terms of this Lease. Lessee Xxxxxx agrees that this Lease shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee Tenant shall, in the event of the sale or assignment of Lessor's Landlord’s interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale under any mortgage made by Lessor Landlord covering the Premises, attorn to the purchaser and recognize such purchaser as Lessor Landlord under this Lease.

Appears in 7 contracts

Samples: Texas Commercial Lease Agreement, Hawaii Commercial Lease Agreement, Nebraska Commercial Lease Agreement

Subordination and Attornment. Upon the request of the LessorLandlord/Landlady, Lessee the Tenant/s will subordinate its rights hereunder to the lien of any mortgage now or hereafter in force against the property or any portion thereof, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property provided. However, however, that in such case the holder of such mortgage, mortgage or the Lessor Landlord/Landlady under such Lease Agreement shall agree that this Lease Agreement shall not be divested or in any way affected by foreclosure, or other default proceedings under the said mortgage, obligation secured thereby, or Leaseagreement, so as long as the Lessee Tenant/s shall not be in default under the terms of this LeaseAgreement. Lessee agrees The Tenant/s agree/s that this Lease Agreement shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee The Tenant/s shall, in the event of the sale or assignment of Lessor's Landlord's/Landlady’s interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale under any mortgage made by Lessor the Landlord/Landlady covering the Premises, attorn to the purchaser and recognize such purchaser as Lessor Landlord/Landlady under this LeaseAgreement.

Appears in 5 contracts

Samples: Commercial Lease Agreement, Commercial Lease Agreement, Commercial Lease Agreement

Subordination and Attornment. Upon written request of the Lessor, or any first mortgages, first deed of trust beneficiary of Lessor or lessor of Lessor, Lessee will shall, in writing, subordinate its rights hereunder to the lien of any mortgage now first mortgage, first deed of trust, or hereafter the interest of any lease in force against the property or any portion thereofwhich Lessor is lessee, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property ; provided, however, that prior to executing any such subordination agreement, Lessee shall have the right to obtain from any lender or lessor of Lessor requesting such subordination, an agreement in such case the holder of such mortgage, or the Lessor under such Lease shall agree writing providing that this Lease shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or Lease, so as long as the Lessee shall is not be in default under the terms of this Lease. Lessee agrees that hereunder, this Lease shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured therebyfor the full Term hereof. Lessee shall, in the event of the sale or assignment of Lessor's interest in the building of which the Premises form a part, or in In the event of any proceedings brought for the foreclosure ofsale, transfer in lieu of foreclosure, or in the event of exercise termination of the power of sale under any mortgage made by Lease in which Lessor covering the Premisesis lessee, Lessee shall attorn to the purchaser purchaser, transferee, or lessor as the case may be, and recognize such purchaser party as the new Lessor under this Lease, provided that such party acquires and accept the Premises subject to this Lease.

Appears in 3 contracts

Samples: Commercial Lease (Lulu's Fashion Lounge Holdings, Inc.), Commercial Lease (Lulu's Fashion Lounge Holdings, Inc.), Commercial Lease (Lulu's Fashion Lounge Holdings, Inc.)

Subordination and Attornment. Upon request of the Lessor, Lessee will subordinate its rights hereunder to the lien of any mortgage now or hereafter in force against the property or any portion thereof, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property provided, however, that in such case the holder of such mortgage, or the Lessor under such Lease shall agree that this Lease shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or Lease, so long as the Lessee shall not be in default under the terms of this Lease. Lessee agrees that this Lease shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee shall, in the event of the sale or assignment of Lessor's interest in the building of which the Premises premises form a part, or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale under any mortgage made by Lessor covering the Premisespremises, attorn to the purchaser and recognize such purchaser as Lessor under this Lease.

Appears in 3 contracts

Samples: Texas Commercial Lease Agreement (VESPER Corp), Texas Commercial Lease Agreement, Commercial Lease Agreement

Subordination and Attornment. Upon request of the LessorSublandlord, Lessee Subtenant will subordinate its rights hereunder to the lien of any mortgage now or hereafter in force against the property or any portion thereof, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property property; provided, however, that in such case the holder of such mortgage, or the Lessor Sublandlord under such Lease Agreement, shall agree that this Lease Agreement shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or LeaseAgreement, so long as the Lessee Subtenant shall not be in default under the terms of this LeaseAgreement. Lessee Subtenant agrees that this Lease Agreement shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee Subtenant shall, in the event of the sale or assignment of LessorSublandlord's interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure ofof the Premises, or in the event of exercise of the power of sale under any mortgage made by Lessor Sublandlord covering the Premises, attorn to the purchaser and recognize such purchaser as Lessor Sublandlord under this LeaseAgreement.

Appears in 2 contracts

Samples: Commercial Sublease Agreement, Commercial Sublease Agreement

Subordination and Attornment. Upon request of the LessorTenant, Lessee Subtenant will subordinate its rights hereunder to the lien of any mortgage now or hereafter in force against the property or any portion thereof, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property property; provided, however, that in such case the holder of such mortgage, or the Lessor Tenant under such Lease Agreement, shall agree that this Lease Agreement shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or LeaseAgreement, so long as the Lessee Subtenant shall not be in default under the terms of this LeaseAgreement. Lessee Subtenant agrees that this Lease Agreement shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee Subtenant shall, in the event of the sale or assignment of Lessor's Tenant’s interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure ofof the Premises, or in the event of exercise of the power of sale under any mortgage made by Lessor Tenant covering the Premises, attorn to the purchaser and recognize such purchaser as Lessor Tenant under this LeaseAgreement.

Appears in 2 contracts

Samples: Commercial Sublease Agreement (Sidus Space Inc.), Commercial Sublease Agreement (Sidus Space Inc.)

Subordination and Attornment. Upon request of the Lessor, Lessee will subordinate its rights hereunder to the lien of any mortgage now or hereafter in force against the property or any portion thereof, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property provided, however, that in such case the holder of such mortgage, or the Lessor under such Lease shall agree that this Lease shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or Lease, so long as the Lessee shall not be in default under the terms of this Lease. Lessee Xxxxxx agrees that this Lease shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee shall, in the event of the sale or assignment of Lessor's Xxxxxx’s interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale under any mortgage made by Lessor covering the Premises, attorn to the purchaser and recognize such purchaser as Lessor under this Lease.

Appears in 2 contracts

Samples: Commercial Lease Agreement, Lease Agreement

Subordination and Attornment. Upon request This Lease shall, at Landlord's option, be subordinate to any mortgage or deed of trust that may exist or hereafter be placed upon the Lessorcenter of any part thereof and to any and all advances made thereunder and to the interest thereon and to all renewals, Lessee will replacements and extensions thereof. Tenant shall, upon written demand by landlord, execute such instruments as may be required at any time to subordinate its the rights hereunder and interests of Tenant under this Lease to the lien of any such mortgage now or hereafter in force against the property deed of trust, or, if requested by landlord, to subordinate any such mortgage or any portion thereof, and deed or trust to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property this Lease; provided, however, that in such case the holder of such mortgage, or the Lessor under such Lease shall agree that this Lease shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or Lease, so long as the Lessee shall not be in default under the terms of this Lease. Lessee agrees that this Lease shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee Tenant shall, in the event of the sale or assignment of Lessor's interest in the building of which the Premises form a part, or in the event of any proceedings are brought for the foreclosure of, of any such mortgage or in the event deed of exercise of the power of sale under any mortgage made by Lessor covering the Premisestrust, attorn to the purchaser upon foreclosure sale or sale under power of sale, and recognize such purchaser as Lessor Landlord under this Lease, and, so long as Tenant is not in default hereunder, such foreclosure shall not terminate this Lease or otherwise affect Tenant's rights hereunder.

Appears in 1 contract

Samples: Redlands Mall (Business Bancorp /Ca/)

Subordination and Attornment. Upon request (a) If any holder of a mortgage or holder of a ground lease of property which includes the LessorPremises, Lessee will subordinate its rights hereunder executed and recorded subsequent to the lien of any mortgage now or hereafter in force against the property or any portion thereof, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property provided, however, that in such case the holder of such mortgage, or the Lessor under such Lease shall agree that this Lease shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or Lease, so long as the Lessee shall not be in default under the terms date of this Lease. Lessee agrees , shall so elect, the interest of Tenant hereunder shall be subordinate to the rights of such holder, provided that this Lease shall remain executes, acknowledges and delivers to Tenant an agreement, in full force recordable form and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee shallin form and substance reasonably acceptable to Tenant, that, in the event of the sale foreclosure of such mortgage, a deed. in lieu of such foreclosure, a termination of such ground lease or assignment the succession by such holder to Landlord's title to the Building or interest under this Lease, such holder shall recognize Tenant's rights, shall not disturb Tenant's occupancy of Lessor's interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale under any mortgage made by Lessor covering the Premises, attorn and shall assume Landlord's obligations, under the terms and conditions of this Lease (a "Non-Disturbance Agreement").such holder shall agree to recognize in writing the purchaser rights of Tenant under this Lease upon the terms and recognize conditions set forth herein, and the performance by Tenant of Tenant's obligations hereunder (but without any assumption by such purchaser as Lessor holder of Landlord's obligations under this Lease.); or

Appears in 1 contract

Samples: Lease (Datawatch Corp)

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Subordination and Attornment. Upon request of the Lessor, Lessee will subordinate its rights hereunder to the lien of any mortgage now or hereafter in force against the property or any portion thereof, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property provided, however, that in such case the holder of such mortgage, mortgage or the Lessor under such Lease shall agree that this Lease shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or Lease, so long as the Lessee shall not be in default under the terms of this Lease. Lessee Xxxxxx agrees that this Lease shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee shall, in the event of the sale or assignment of Lessor's Xxxxxx’s interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale under any mortgage made by Lessor covering the Premises, attorn to the purchaser and recognize such purchaser as Lessor under this Lease.

Appears in 1 contract

Samples: Restaurant Lease Agreement

Subordination and Attornment. Upon request (a) It is a condition of this Lease and the Tenant's rights granted hereunder, that this Lease and all of the Lessorrights of the Tenant hereunder are, Lessee will and shall at all times be, subject and subordinate to any and all mortgages, debentures, trust deeds or the charge or lien resulting from, or any instruments of, any financing, refinancing or collateral financing or any renewals or extensions thereof from time to time in existence against the lands, buildings and improvements forming the Leased Premises or the building. Upon request, the Tenant shall subordinate this Lease and all of its rights hereunder in such form as the Landlord requires to any and all mortgages, debentures, trust deeds or the charge or lien of any mortgage now or hereafter in force against the property resulting from, or any portion thereofinstrument of, any financing, refinancing or collateral financing and to all advances made or hereafter to be made upon the security thereof, and and, if requested, the Tenant shall attorn to any ground the holder thereof or underlying lease to the registered owners of the property providedBuilding, however, that in such case the holder of such mortgage, or the Lessor under such Lease shall agree that this Lease shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or Lease, provided always so long as the Lessee shall Tenant is not be in default of its obligations arising under the terms of this Lease. Lessee agrees that this Lease shall remain in full force and effect notwithstanding that any such default proceedings under said mortgage or obligation secured thereby. Lessee shall, in holder shall recognize the event rights of the sale or assignment of Lessor's interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale under any mortgage made by Lessor covering the Premises, attorn to the purchaser and recognize such purchaser as Lessor Tenant under this Lease.

Appears in 1 contract

Samples: Lease (Industrial Minerals Inc)

Subordination and Attornment. Upon request This Lease shall, at Landlord's option, be subordinate to any mortgage or deed of trust that may exist or hereafter be placed upon Shopping Center or any part thereof and to any and all advances to be made thereunder and to the Lessorinterest thereon and to all renewals, Lessee will replacements and extensions thereof. Tenant shall upon written demand by Landlord execute such instruments as may be required at any time and from time to time to subordinate its the rights hereunder and interests to Tenant under this Lease to the lien of any such mortgage now or hereafter in force against the property deed of trust, or if requested by Landlord, to subordinate any portion thereof, and such mortgage or deed of trust to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property providedthis Lease. Provided, however, that in such case the holder of such mortgage, or the Lessor under such Lease shall agree that this Lease shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or Lease, so long as the Lessee shall not be in default under the terms of this Lease. Lessee agrees that this Lease shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee Tenant shall, in the event of the sale or assignment of Lessor's interest in the building of which the Premises form a part, or in the event of any proceedings are brought for the foreclosure of, of any such mortgage or in the event deed of exercise of the power of sale under any mortgage made by Lessor covering the Premisestrust, attorn to the purchaser upon foreclosure sale or sale under power of sale, and shall recognize such purchaser as Lessor Landlord under this Lease, and, so long as Tenant is not in default hereunder no such foreclosure shall terminate this Lease or otherwise affect Tenant's rights hereunder.

Appears in 1 contract

Samples: Valley Bancorp

Subordination and Attornment. Upon request of the LessorLandlord, Lessee Tenant will subordinate its rights hereunder to the lien of any mortgage now or hereafter in force against the property or any portion thereof, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property provided, however, that in such case the holder of such mortgage, or the Lessor Landlord under such Lease shall agree that this Lease shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or Lease, so long as the Lessee Tenant shall not be in default under the terms of this Lease. Lessee Xxxxxx agrees that this Lease shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee Tenant shall, in the event of the sale or assignment of Lessor's Landlord’s interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale under any mortgage made by Lessor Landlord covering the Premises, attorn attorney to the purchaser and recognize such purchaser as Lessor Landlord under this Lease.

Appears in 1 contract

Samples: Florida Commercial Lease Agreement (Tocca Life Holdings, Inc.)

Subordination and Attornment. Upon request of the Lessor, Lessee will subordinate its rights hereunder to the lien of any mortgage now or hereafter in force against the property or any portion thereof, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property provided, however, that in such case the holder of such mortgage, or the Lessor under such Lease shall agree that this Lease shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or Lease, so long as the Lessee shall not be in default under the terms of this Lease. Lessee Xxxxxx agrees that this Lease shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee shall, in the event of the sale or assignment of LessorXxxxxx's interest in the building of which the Premises premises form a part, or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale under any mortgage made by Lessor covering the Premisespremises, attorn to the purchaser and recognize such purchaser as Lessor under this Lease.

Appears in 1 contract

Samples: Texas Commercial Lease Agreement

Subordination and Attornment. Upon request of the Lessor, Lessee Xxxxxx will subordinate its rights hereunder to the lien of any mortgage now or hereafter in force against the property or any portion thereof, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property provided, however, that in such case the holder of such mortgage, or the Lessor under such Lease shall agree that this Lease shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or Lease, so long as the Lessee shall not be in default under the terms of this Lease. Lessee Xxxxxx agrees that this Lease shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee shall, in the event of the sale or assignment of LessorXxxxxx's interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale under any mortgage made by Lessor covering the Premises, attorn to the purchaser and recognize such purchaser as Lessor under this Lease.

Appears in 1 contract

Samples: Illinois Commercial Lease

Subordination and Attornment. Upon written request of the LessorLandlord, Lessee will and any Mortgagee or Deed of Trust beneficiary of the Landlord, Tenant will, in writing, subordinate its rights hereunder to the lien of any mortgage Mortgage or Deed of Trust, now or hereafter in force against the property land or building of which the Premises are a part and upon any portion thereofbuilding hereafter placed upon the land of which the premises are a part, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property provided, however, that in such case the holder of such mortgage, or the Lessor under such Lease shall agree that this Lease shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or Lease, so long as the Lessee shall document to be executed by Tenant provides that if it is not be in default under the terms of hereunder, this Lease. Lessee agrees that this Lease lease shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured therebyfor the full term hereof. Lessee shall, in In the event of the sale or assignment of Lessor's interest in the building of which the Premises form a part, any proceedings are brought for foreclosure or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale under any mortgage Mortgage or Deed of Trust made by Lessor the Landlord covering the Premises, the Tenant shall attorn to the purchaser upon any such foreclosure or Deed in lieu of the foreclosure or sale and recognize such purchaser as Lessor the Landlord under this Leaselease.

Appears in 1 contract

Samples: Office Lease (Atlantic Central Enterprises LTD)

Subordination and Attornment. Upon request of the Lessor, Lessee will subordinate its rights hereunder to the lien of any mortgage now or hereafter in force against the property or any portion thereof, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property provided, however, that in such case the holder of such mortgage, mortgage or the Lessor under such Lease shall agree that this Lease shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or Lease, so long as the Lessee shall not be in default under the terms of this Lease. Lessee Xxxxxx agrees that this Lease shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee shall, in the event of the sale or assignment of Lessor's Xxxxxx’s interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale under any mortgage made by Lessor covering the Premises, attorn to the purchaser and recognize such purchaser as Lessor under this Lease.. MISCELLANEOUS TERMS. A.

Appears in 1 contract

Samples: Restaurant Lease Agreement

Subordination and Attornment. Upon request of the Lessor, Lessee will subordinate its rights hereunder to the lien of any mortgage now or hereafter in force against the property or any portion thereof, and to all advances made or hereafter to be made upon the security thereof, and to any ground or underlying lease of the property provided, however, that in such case the holder of such mortgage, or the Lessor under such Lease shall agree that this Lease shall not be divested or in any way affected by foreclosure, or other default proceedings under said mortgage, obligation secured thereby, or Lease, so long as the Lessee shall not be in default under the terms of this Lease. Lessee agrees that this Lease shall remain in full force and effect notwithstanding any such default proceedings under said mortgage or obligation secured thereby. Lessee shall, in the event of the sale or assignment of Lessor's ’s interest in the building of which the Premises form a part, or in the event of any proceedings brought for the foreclosure of, or in the event of exercise of the power of sale under any mortgage made by Lessor covering the Premises, attorn to the purchaser and recognize such purchaser as Lessor under this Lease.

Appears in 1 contract

Samples: Commercial Lease Agreement (First Person Ltd.)

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