This office lease guaranty states that until all obligations of the tenant are fully performed and the lease has expired or terminated, all claims that the guarantor may have against the tenant are subordinated to the landlord's claims against the tenant.
Wyoming Subordination and Deferral of the Guarantors Claims Against the Tenant
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US-OL4A024BE
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FAQ
The primary effect of an SNDA is that the tenant agrees to subordinate its lease to the mortgage in exchange for the lender agreeing not to disturb the tenant if the lender forecloses its superior security interest in the real property.
Lender will not join Tenant as a party in any Foreclosure (defined below) unless the joinder is necessary or desirable to pursue Lender's remedies under the Deed of Trust, and provided that such joinder shall not result in the termination of the Lease or disturb Tenant's possession of the Premises.
