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Priority and Subordination Agreement 14 Teanaway Court <br />Senior Lender or the Subordinate Lender to the Partnership, as between the <br />Partnership and such Senior Lender or Subordinate Lender. <br />d. Without the prior written consent of the Senior Lender in each instance, the <br />Subordinate Lender will not commence, or join with any other creditor in <br />commencing, any Bankruptcy Proceeding. In the event of a Bankruptcy <br />Proceeding, the Subordinate Lender shall not vote affirmatively in favor of any <br />plan of reorganization or liquidation unless the Senior Lender has also voted <br />affirmatively in favor of such plan. In the event of any Bankruptcy Proceeding, <br />the Subordinate Lender shall not contest the continued accrual of interest on any <br />Senior Indebtedness, in accordance with and at the rates specified in the <br />respective Senior Loan Documents, both for periods before and for periods after <br />the commencement of such Bankruptcy Proceedings. <br />e. All requirements pertaining to insurance under the Subordinate Loan Documents <br />(including requirements relating to amounts and types of coverages, deductibles <br />and special endorsements) shall be deemed satisfied if the Partnership complies <br />with the insurance requirements of the Senior Lender under its Senior Loan <br />Documents, so long as those requirements result in the provision of at least the <br />extent of coverage and ratings of insurers with respect to periods as are set forth <br />in Senior Lender’s insurance requirements, each as provided to the Subordinate <br />Lender prior to the date hereof. All original policies of insurance required <br />pursuant to the Senior Loan Documents shall be held by the Senior Lender. <br />Nothing in this Section 5(e) shall preclude the Subordinate Lender from <br />requiring that it be named as a Lender and loss payee, as its interest may appear, <br />under all policies of property damage insurance maintained with respect to the <br />Property, provided such action does not affect the priority of payment of Loss <br />Proceeds, or that the Subordinate Lender be named as an additional insured <br />under all policies of liability insurance maintained with respect to the Property, <br />or that the Subordinate Lender be provided with such endorsements establishing <br />such Lender, loss payee and additional insured status and such rights to notices <br />and proof of coverage consistent with this subsection as it may require. <br />f. In the event of a Condemnation or a Casualty, the following provisions shall <br />apply: <br />i. subject to the proviso set forth in this subsection (f) below, the rights of <br />the Subordinate Lender (under its Subordinate Loan Documents or <br />otherwise in respect of its Subordinate Deed of Trust) to participate in <br />any proceeding or action relating to a Condemnation or a Casualty, or to <br />participate or join in any settlement of, or to adjust, any claims resulting <br />from a Condemnation or a Casualty, shall be and remain subordinate in <br />all respects to rights of the Senior Lender, under the Senior Loan <br />Documents with respect thereto, and the Subordinate Lender shall be <br />bound by any settlement or adjustment of a claim resulting from a