This office lease is subject and subordinate to all ground or underlying leases and to all mortgages which may affect the lease or the real property of which demised premises are a part and to all renewals, modifications, consolidations, replacements and extensions of any such underlying leases and mortgages. This clause shall be self-operative.
Missouri Subordination Provision
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Multi-State
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US-OL20022A
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Subordination agreements ensure that a primary lender will be paid in the event the borrower takes on more debt. As with most legal documents, subordination agreements need to be notarized in order to be official in the eyes of the law. Subordination Agreement: All Your Questions Answered notaryondemand.com ? subordination-agree... notaryondemand.com ? subordination-agree...
Example of a Subordination Agreement A standard subordination agreement covers property owners that take a second mortgage against a property. One loan becomes the subordinated debt, and the other becomes (or remains) the senior debt. Senior debt has higher claim priority than junior debt. Subordination Agreement - Overview, Types, Purpose, Example corporatefinanceinstitute.com ? commercial-lending corporatefinanceinstitute.com ? commercial-lending
To adjust their priority, subordinate lienholders must sign subordination agreements, making their loans lower in priority than the new lender. A subordination agreement puts the new lender into first position and reassigns an existing mortgage to second position or third position, and so on. What Is a Subordination Agreement in Real Estate? - Nolo nolo.com ? legal-encyclopedia ? what-subor... nolo.com ? legal-encyclopedia ? what-subor...
This subordination clause provides for the subordination of payment of a convertible note's principal and interest (if any) to more senior debt (such as loans by a bank or other established financial institution). This subordination clause contemplates both existing and future debt from a financial institution. Convertible Note Subordination Clause - Lexis Advance lexis.com ? document ? openwebdocview lexis.com ? document ? openwebdocview
Subordinated notes. noun [ plural ] FINANCE. Add to word list Add to word list. notes (= loans for short periods) where the company or person lending the money will be paid back after others, or will receive a smaller amount than they are owed, if the person borrowing money gets into financial difficulty. SUBORDINATED NOTES definition | Cambridge English Dictionary cambridge.org ? dictionary ? subordina... cambridge.org ? dictionary ? subordina...
A subordination clause is a clause in an agreement that states that the current claim on any debts will take priority over any other claims formed in other agreements made in the future. Subordination is the act of yielding priority. Subordination Clause: What it is, How it Works - Investopedia investopedia.com ? subordinationagreement investopedia.com ? subordinationagreement
