Leasehold Mortgage. Tenant and every successor and assignee of Tenant is hereby given the right by Landlord, in addition to any other rights herein granted, without Landlord's prior written consent, to mortgage its interest in this Lease under a leasehold mortgage one or more times and to assign Tenant's interest under this Lease as collateral security for such mortgage upon the condition that all rights acquired under such mortgage shall be subject to each and all of the covenants, conditions and restrictions set forth in this Lease, and to all rights, interest and estate of Landlord herein, none of which covenants, conditions or restrictions are or shall be waived by Landlord by reason of the right so given to mortgage such interest, except as expressly provided herein. If Tenant and/or Tenant's successors and assigns shall mortgage their leasehold interest (a "Leasehold Mortgage") and if the holder(s) of such mortgage (a "Leasehold Mortgagee") shall send to Landlord written notice specifying the name and address of the mortgagee (any such lender that shall have given such notice only if such lender is not an affiliate of Tenant shall be deemed a "Recognized Mortgagee" and any mortgage held by such Recognized Mortgagee, a "Recognized Mortgagee"), Landlord agrees that so long as any such Recognized Mortgage shall remain unsatisfied of record or until written notice of satisfaction is given by the holder to Landlord, the following provisions shall apply;
(a) In the event Recognized Mortgage exercises its right to execute on its security interest in the Lease, Recognized Mortgagee shall acquire all Tenant's rights under this Lease, including options to renew, and shall agree to comply with and otherwise by bound by the terms and conditions of this Lease from and after the effective date of such assignment while (or with respect to any period of time that) Recognized Mortgagee or its designee is in possession of the Demised Premises, Recognized Mortgagee shall cure any monetary and non-monetary defaults of Tenant which arise prior to the date of any assignment of this Lease to Recognized Mortgagee or its designee. In such case, if requested by Recognized Mortgagee, Landlord and Recognized Mortgagee shall cooperate in executing a new lease for the Premises in accordance with this Lease. On request by Recognized Mortgagee, Landlord shall deliver a Landlord's estoppel to Recognized Mortgagee confirming that the Lease is in full force and effect, and whether there are any outstandi...
Leasehold Mortgage. Provide whether the tenant can mortgage its leasehold interest as security for a loan. 20.
Leasehold Mortgage. Lessee shall at all times and from time to time have the right to encumber by mortgage, deed of trust, or security agreement (the “Mortgage”) Lessee’s leasehold estate in the Premises, together with Lessee’s rights and interests in all buildings, fixtures, equipment, and improvements situated thereon, and all rents, issues, profits, revenues, and other income to be derived by Lessee therefrom, to secure such loans from time to time made by any Person to Lessee; provided, however, that such Mortgage shall in no event encumber Lessor’s fee title or leasehold interest (as applicable) in the Premises or Lessor’s interest under this Lease.
Leasehold Mortgage. The Landlord hereby consents to the execution and delivery by the Tenant to the Administrative Agent for the benefit of the Secured Parties of a leasehold mortgage and/or deed of trust (the “Leasehold Mortgage”) which shall secure the Secured Obligations and cover the Tenant’s rights under the Lease, the leasehold estate created thereby and all Collateral of the Tenant located on the Premises. The Landlord consents to the recording of the Lease (or a Memorandum of Lease or other summary of the Lease), the Leasehold Mortgage by the Administrative Agent, and any Uniform Commercial Code fixture filing in connection therewith, in the real property records of the county in which the Premises is located and any other appropriate recording office.]
Leasehold Mortgage. Under no circumstances may Tenant mortgage, encumber or hypothecate County’s Fee Interest, other than as required by TCAC pursuant to its lease rider, if any, in connection with the award of low income housing tax credits to Tenant, the form of which shall have been approved by County.
Leasehold Mortgage. Landlord and Tenant acknowledge and agree that simultaneous with the execution and delivery of this Agreement, Tenant shall mortgage its interest in this Agreement to Marriott to secure Tenant's obligations to Marriott pursuant to the Liquidity Facility Agreement. Tenant and Marriott acknowledge and agree that such mortgage and all rights of Marriott thereunder are and shall at all times be junior, subordinate and inferior to Landlord's rights and interests hereunder.
Leasehold Mortgage. Tenant shall not mortgage, encumber or hypothecate County’s Fee Interest under any circumstances.
Leasehold Mortgage. “Leasehold Mortgage” shall have the meaning set forth in Section 20.1 below.
Leasehold Mortgage. The term "Leasehold Mortgage" as ------------------ used in this Section 4 shall include a mortgage, a deed of trust, a deed to secure debt, or other security instrument by which Developer's Leasehold Estate is mortgaged, conveyed, assigned or otherwise transferred, to secure a debt or other obligation.
Leasehold Mortgage. A “Leasehold Mortgage” is a mortgage, deed of trust, or other security instrument, including, without limitation, an assignment of the rents, issues and profits, which has been approved by County in accordance with Article 15 and constitutes a lien on the Leasehold Estate and on any Improvements, including any modification or extension of the Leasehold Estate.
