Laserfiche WebLink
20 <br />14.2. Subordination. <br />(a)Commission shall have the right at any time and from time-to-time to create security <br />interests in the form of a mortgage, deed of trust or other similar lien or encumbrance (a <br />"Mortgage") upon or affecting Commission's fee estate in the Premises, or any part thereof, and the <br />rights of Tenant under this Sublease shall be subject and subordinate to any such Mortgage; <br />provided, however, that in the event of any foreclosure or sale under any such Mortgage or the <br />delivery by Commission of any deed-in-lieu of foreclosure to the holder of any such Mortgage, then <br />the holder of any such Mortgage agrees not to disturb Tenant's possession so long as Tenant is not <br />in default under the terms of this Sublease beyond any notice and/or cure periods provided for under <br />this Sublease and attorns to such holder or the foreclosure purchaser as Commission under this <br />Sublease. Said subordination shall be self-operative and no further instrument of subordination shall <br />be necessary unless required by any such Mortgage holder, in which event Tenant agrees to, within <br />ten (10) days after request by Commission or the Mortgage holder, execute any agreement <br />reasonably required by such Mortgage holder to memorialize said subordination and to <br />memorialize the terms of any