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200905832 3. Subordinatian. Subject in all respects to the provisions of this Agreement (including specifically, but without limitation, Paragraphs 1 and 4 hereof), Tenant hereby subordinates the Lease (including any and all extensions, renewals, modifications or replacements thereof), and Tenant agrees that the Lease now is and shall at all times be subordinate, to the Mortgage and to any and all increases, renewals, modifications, extensions, substitutions, replacements and/or consolidations of the Mortgage. 4. Casualty and Condemnation. Notwithstanding any contrary provision of Paragraph 3 above or any other provisions of this Agreement, Tenant and Lender understand and agree that, if the Leased Premises (or any portion thereof) are damaged by fire or other casualty or are taken by eminent domain proceedings, any insurance proceeds ar condemnation awards attributable to such casualty or condemnation proceeding shall be disbursed or made available in accordance with the terms of the Lease, notwithstanding any contrary provisions of the Loan Documents. 5. Notice of Default and Cure Ri hts. Tenant agrees to give Lender a copy of any notice of default ("Default Notice") which Tenant provides to Landlord under the Lease. After receipt of a Default Notice, Lender shall have the right (but not the obligation) to correct or cure the default of Landlord within the same period far cure of same as is provided Landlord by the terms of the Lease. Until the expiration of such period within which Lender may correct or cure the default, Tenant agrees to take no action to terminate the Lease. Nothing in this paragraph shall be deemed to impose any obligation on Lender to correct or cure any such default by Landlord. Landlord acknowledges and consents to the foregoing. 6. Pa meat of Rent After Default. After receiving notice from Lender that Lender has become entitled to collect rents pursuant to rights granted to Lender in the Loan Documents, Tenant shall pay to Lender, or to such person or entity designated by Lender, all rent, additional rent and other monies and payments due and to become due to the lessor (including Landlord) under the Lease. Landlord consents to the foregoing and authorizes and directs Tenant to make payment of such monies to Lender after Tenant's receipt of such notice. Landlord agrees that any payments so made by Tenant after receipt of such a notice shall be applied and credited toward Tenant's obligations under the Lease, regardless of whether Lender was properly authorized to require such payments from Tenant, and Landlord releases Tenant from any claim relative to Tenant's payment to Lender based on Lender's demand. 7. No Further Subordination. Landlord and Tenant covenant and agree with Lender that there shall be no further subordination of the interest of Tenant under the Lease to any lender or other party without first obtaining the prior written consent of Lender. Any attempt to effect a further subordination of Tenant's interest under the Lease without first obtaining the prior written consent of Lender shall be null and void. 8. Notices. Whenever any notice, demand or request is required or permitted hereunder, such notice, demand or request shall be hand delivered in person (which shall include delivery by commercial courier) or sent by United States Mail, registered or certified, return receipt requested, postage prepaid, to the addressees set forth below: 2112205_3.doc