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Agreement between a Landlord and a Secured Lender of the Tenant.
Details:
Agreement between a Landlord and a Secured Lender of the Tenant pursuant to which the Landlord agrees that the Secured Lender's interest in the Tenant's chattels and fixtures shall have priority over the Landlord's interest.
Form Outline:
Waiver of Distraint
THIS AGREEMENT dated as of Date...
WHEREAS:
NOW THEREFORE, in consideration of the granting of the Loan by the Lender to the Tenant, the Landlord represents, covenants and agrees with the Lender as follows:
1. The Lease is presently...
2. The Landlord specifically waives...
3. The Landlord agrees that as between...
4. The Landlord agrees that in the event...
5. The Landlord agrees that upon receiving...
6. The Landlord agrees not to accept...
IN WITNESS WHEREOF the parties hereto have executed this agreement as of the date referred to above.
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Name of Landlord |
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Witness |
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Name of Secured Lender |
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