Common use of Leasehold Mortgage Clause in Contracts

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. 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, and previously approved by County prior to the Effective Date of this Lease, in connection with the award of low income housing tax credits to Tenant, the form of which shall have been approved by County.