Sentences with phrase «lease subordination»

Not exact matches

[Subordination: The Note shall be subordinated to all indebtedness of the Company to banks, commercial finance lenders, insurance companies, [leasing or equipment financing institutions] or other lending institutions regularly engaged in the business of lending money -LSB-(excluding venture capital, investment banking or similar institutions which sometimes engage in lending activities but which are primarily engaged in investments in equity securities)-RSB-, which is for money borrowed, [or purchase or leasing of equipment in the case of lease or other equipment financing,] whether or not secured.]

«This Tenant Subordination Agreement states that you, as the tenant, agree to subordinate your priority under your lease with the landowner to the Wind Farm Lease and provide your consent for EDF Renewables Development, Inc. and their affiliates to develop and use of the property, as indicated under the terms of the Wind Farm Lease.»

Our team has extensive experience in technical legal concepts such as indemnities, waivers of subrogation, subordination provisions, exclusive use provisions, insurance provisions, fire, casualty and condemnation provisions and provisions regarding the assumption of takeover of existing leases.

Also, each tenant must subordinate its lease to the lien of our mortgage by executing an acceptable Subordination, Attornment and Non-Disturbance Agreement («SNDA»).

Almost without exception, shopping center leases contain subordination provisions stating that the rights of the tenants under the leases will be subject to the rights of any lender whose mortgage affects the shopping center.

The subordination clause is very important to lenders because it states that any leases signed by the landlord will always be lower in priority to any existing or future mortgages on the property.

In light of the second scenario — where the mortgage is recorded after the lease — subordination clauses are critical to protect the lender's rights and interests.

If he signed a lease with a subordination clause and didn't ask for a non-disturbance clause, then yes and yes.

Banks or other lenders typically demand that landlords include a subordination clause in their leases.

Well - drafted commercial leases require the timely return of tenant estoppel certificates and subordination, non-disturbance and attornment agreements (SNDAs).

If you're borrowing funds which will be secured by a commercial property that you will in turn lease out to tenants, then a subordination, non-disturbance and attornment (SNDA) agreement will be a crucial part of finalizing the deal.

A subordination provision changes the priority: The tenant agrees that the lien of its lease will be subordinate to the lien of a mortgage.

A landlord generally includes subordination language in its lease in anticipation of the requirement of its lenders.