Consent to Mortgage. Lessee may from time to time without further ------------------- consent of Lessor assign this Lease by way of mortgage to any bank, insurance company, savings and loan, credit union, finance company, or other established lending institution as mortgagee, provided that the amount secured by all such assignments by way of mortgage shall not exceed the fair market value of this Lease and all buildings and other improvements built on the land hereby demised or to be built and paid for with the proceeds of such mortgage (said determination of fair market value to be made, with respect to each lease-hold mortgage, as of the date of recording such mortgage), and provided that Lessee shall upon execution of such mortgage promptly deliver a true copy thereof to Lessor. The mortgagee or its assigns may enforce such mortgage and acquire title to the leasehold estate in any lawful way, and pending foreclosure of such mortgage (or pending sale of this Lease in lieu of foreclosure of such mortgage) may take possession of and rent said premises, and upon foreclosure thereof (or upon such conveyance in lieu of foreclosure thereof) may without further consent of Lessor sell and assign the leasehold estate by assignment in which the assignee shall expressly assume and agree to observe and perform all the covenants of Lessee herein contained and such assignee may make a purchase money mortgage of this Lease to the assignor, provided that upon execution of any such assignment or mortgage a true copy thereof shall be delivered promptly to Lessor and that no other or further assignment of this Lease for which any provision hereof requires the written consent of Lessor shall be made without such consent. Upon the delivery and recordation of the conveyance through foreclosure (or delivery and recordation of the conveyance in lieu of foreclosure) of the leasehold estate and/or the mortgagee's sale or assignment thereof, this Lease shall remain in full force and effect as a direct lease between Lessor and the mortgagee or such assignee. The mortgagee or its assigns of such mortgage shall be liable to perform the obligations herein imposed on Lessee only during the period such person has possession or ownership of the leasehold estate. Nothing contained in such mortgage shall release or be deemed to relieve Lessee from the full and faithful observance and performance of its covenants herein contained or from any liability for the nonobservance or nonperformance thereof, nor be deem...
Consent to Mortgage. The Issuer and the Trustee consent to the Mortgage of the Project to the Lender, consent to the subjection of the Land to the Mortgage, and agree that this Indenture is subject and subordinate to the Mortgage loan and related documents.
Consent to Mortgage. HCDA hereby consents to the execution of the Honolulu HomeLoans Mortgage and Note; provided, however, that HCDA 's consent herein shall not authorize nor be deemed to authorize, any further or other conveyance or mortgage of the Property, or the execution of any other or further agreement to convey or pledge the same;
Consent to Mortgage. Lessor hereby consents to the Loans identified in Section 1.1 (p) above and any deeds of trust securing such Loans and encumbering the leasehold.
Consent to Mortgage. The Lessee may from time to time without further consent assign this lease by way of mortgage to any bank, insurance company, or other established lending institution as mortgagee, provided that upon the execution thereof, Lessee or the mortgagee or assignee, shall deliver a true copy of such mortgage and any assignment thereof to Lessor, and shall notify Lessor of the address of the mortgagee to which notice may be sent, and the mortgagee, or its assigns, may cause the lease and the mortgage or either of them to be recorded in the office of the Auditor of Skagit County, Washington, and may enforce such mortgage and acquire title in any lawful way to the leasehold and any of the mortgaged improvements placed thereon, and rent said property pending foreclosure and acquisition and disposal of title to the leasehold and improvements; and the mortgagee, if it shall become the assignee, having so acquired title to this leasehold, may sell and assign the same and the improvements thereon, or may sublet said premises in whole, but no other or further assignment shall be made without the written consent of Lessor. Any party acquiring the leasehold estate in consideration of the extinguishment of the debt or through foreclosure sale, or any party claiming by, through or under any such party, shall be liable to perform the obligations imposed upon Lessee y this lease only during the period such party has possession or ownership of the leasehold estate.
Consent to Mortgage. The Borrower or its applicable Subsidiary shall have either (x) obtained the consent from the City of Chicago to encumber the Owned Real Property located at 0000 Xxxx 00xx Xxxxxx, Xxxxxxx, Xxxxxxxx as specified in Section 6.18(c) of the Credit Agreement or, (y) if such consent has not been obtained by the Borrower or its applicable Subsidiary after using commercially reasonable efforts to do so, delivered to the Administrative Agent a detailed description of the efforts undertaken to date and the additional efforts to be undertaken by the Borrower or its applicable Subsidiary to obtain such consent in substance satisfactory to the Administrative Agent.
Consent to Mortgage. Landlord hereby consents to the Mortgage.
Consent to Mortgage. Lessor hereby consents to the secured Loans from Lender and any mortgage, deed of trust, security agreement or collateral assignment securing the Loans and encumbering the Project (each a “mortgage” and collectively “Mortgages”) as encumbrances on the Project and to the foreclosure of enforcement thereof or the assignment of the Lease in lieu of such foreclosure or enforcement.
Consent to Mortgage. The Company has agreed that Executive may borrow the sum referred to above as the Loan and that the Property may be encumbered in full by the lien of a first mortgage on the Property in favor of the lender ("Lender") to the Executive. The Company hereby agrees to and has executed such documentation as the Lender has required to subject its undivided 28% interest in the Property to the lien of a mortgage in favor of Lender. Executive is fully responsible for the payment of all debt service on the Loan, and the Company is not, and shall not be an obligor or guarantor on the Loan. Executive's percentage of ownership in the Property is subject to the principal amount of the Loan. No payment of principal on the Loan shall serve to increase Executive's percentage interest in the Property or to reduce the Company's percentage interest therein. In the event of a sale of the Property, repayment of any outstanding principal balance of the Loan shall be charged against Executive's percentage of ownership interest in the proceeds of the sale of the Property.
Consent to Mortgage. IDL hereby consents to the Mortgage and to the security interest created thereby, along with the rights and privileges granted to Lender thereby, which are subject to the terms and conditions of the Lease. The Parties acknowledge that pursuant to Article 10 of the Lease, the consent of IDL is required in order to grant any mortgage or security interest in the Lease, Wind Project, or Leased Premises. IDL’s consent to the granting of a security interest is limited to a security interest upon or against Xxxxxxxx's leasehold interest set forth under the Lease.
