Leasehold Deed of Trust. Notwithstanding any other provision of this Lease, Lessee from time to time, without the City’s prior written consent, may encumber Lessee’s leasehold estate with a deed of trust (a “Leasehold Deed of Trust”) in favor of a bank, insurance company or other lender (a “Leasehold Lender”) as security for any indebtedness of Lessee (“Leasehold Loan”), and the City hereby consents to any such Leasehold Loan and also to the assignment or transfer of Leasehold Lender’s interest in the Leasehold Deed of Trust to any transferee of the indebtedness so secured. The City further consents to the transfer of Xxxxxx’s leasehold estate to a Leasehold Lender or other third party either through trustee’s sale, foreclosure, deed in lieu of foreclosure, or other transfer upon the exercise of Leasehold Lender’s remedies under a Leasehold Deed of Trust. In no event shall the City’s fee interest in the Premises be subordinate to the lien of any Leasehold Deed of Trust, and in no event may more than one Leasehold Deed of Trust be in effect at any one time. Lessee shall furnish the City with copies of any Leasehold Deed of Trust and any contracts or agreements executed in connection therewith, including a notice or other written statement setting forth the name and address of the Leasehold Lender to which any notices contemplated by this Section are to be sent. Any Leasehold Lender may change its address for notice by written notice to the City.
Leasehold Deed of Trust. In addition to the foregoing Collateral, the Liabilities shall be secured by a Leasehold Deed of Trust, to be executed, delivered at the time of entry into this Agreement.
Leasehold Deed of Trust. Tenant and New Borrower agree not to ----------------------- amend or modify the Leasehold Deed of Trust without first obtaining the prior written consent of Senior Lender.
Leasehold Deed of Trust. Lessor hereby acknowledges that Lessee previously conveyed to Fleet National Bank ("Fleet"), a secured lender of Lessee, in trust, with power of sale, its entire right, title and interest now owned or hereafter acquired in and to the Lease and the leasehold estate pursuant to that certain Leasehold Deed of Trust dated November 7, 1997 ("the Leasehold Deed of Trust") to secure certain indebtedness of Lessee to Fleet. Landlord hereby consents to the Leasehold Deed of Trust and consents to and approves of the execution and delivery by Lessee of any amendments of or modifications to such Leasehold Deed of Trust to reflect the modification to the Lease made by this Agreement, including the change in the premises to be occupied by Lessee. Lessor agrees to execute a Landlord Consent in substantially the form attached hereto as Exhibit C and consents to the filing of an amended Memorandum of Lease and an amendment to the Leasehold Deed of Trust to reflect the modified terms of the Lease. Lender also agrees to execute, and to use its good faith efforts to cause any mortgagee to execute, a Subordination, Non- disturbance and Attornment Agreement in substantially the form attached hereto as Exhibit D and to use its good faith efforts to obtain the consent of any mortgagee of the premises to the Leasehold Deed of Trust.
Leasehold Deed of Trust. Absolute Assignment of Leases and Rents, Security Agreement and Fixture Filing, dated as of June 30, 1999 from Assignor to First American Title Company for the benefit of the Bank;
Leasehold Deed of Trust. Security Agreement and Fixture Filing by the Seller, as Grantor, to Xxxxx X. Xxxxxx and Xx Xxxxx Xxxxxxx, as trustees, for the benefit of the Secured Lender, as beneficiary, securing $26,750,000, recorded on September 3, 2004.
Leasehold Deed of Trust. Security Agreement, Assignment of Leases and Rents, and Fixture Filing (ARIZONA) by NXP Semiconductors USA Inc. for the benefit of Xxxxxx Xxxxxxx Senior Funding, Inc., as Global Collateral Agent dated December 13, 2006.
Leasehold Deed of Trust. Subject to the provisions of Paragraph 11 hereof, the Trust Deed constitutes a leasehold deed of trust. The real property defined in the Trust Deed ("Property") is limited to all of Trustor's present and future right, title and interest in the leasehold estate created by that certain lease dated _____________________ 19__ ("Lease") entered into between as landlord ("Landlord"), and Trustor, as tenant, pertaining to the premises commonly known as _______________________________.
Leasehold Deed of Trust. Landlord agrees to allow Tenant to obtain one or more loans for improvements on the Premises secured by a leasehold deed of trust. Landlord has agreed to give the beneficiary under this leasehold deed of trust notice of any default by Tenant under the Lease and the right to cure this default within thirty (30) of written notice to the beneficiary. Landlord also agrees to recognize the purchaser of the leasehold interest at the foreclosure sale as the tenant under the Lease, whether this purchaser is the beneficiary under the leasehold deed of trust or a third party.
