Leasehold Mortgages Authorized Sample Clauses

Leasehold Mortgages Authorized. Notwithstanding anything to the contrary contained herein, on one or more occasions, without Landlord's prior consent, Tenant may grant one or more Leasehold Mortgages on its leasehold interest in the Security Deposit, the Leased Property and security interests in Tenant's rights to the FF&E Reserve and Tenant's Personal Property (collectively, the "Leasehold Estate") to one or more Lending Institutions to secure Indebtedness permitted hereunder.
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Leasehold Mortgages Authorized. Notwithstanding anything to the contrary contained herein, on one or more occasions, without Landlord's prior consent, Tenant may grant one or more Leasehold Mortgages or security interest on its leasehold in the Leased Property to one or more Lending Institutions to secure Indebtedness.
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Leasehold Mortgages Authorized. On one or more occasions, without Landlord’s prior consent, Tenant may grant one or more Leasehold Mortgages (as hereinafter defined) on its leasehold interest in the Leased Premises. Such Leasehold Mortgages (as hereinafter defined) shall be (a) subject and subordinate to all rights and interests of Landlord under this Lease and as to Landlord’s fee interest in the Leased Premises, (b) subject and subordinate to the terms and conditions of this Lease, and (c) a lien solely upon Tenant’s interest in this Lease and the leasehold estate thereby created, and not on Landlord’s fee interest in the Leased Premises.
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Leasehold Mortgages Authorized. The Tenant may mortgage the ------------------------------ Leasehold Estate to one Leasehold Mortgagee or to a syndicate of Leasehold Mortgagees, provided the loan is serviced by a single entity. All of the rights of the Landlord reserved or granted in this Lease will be subject to the rights of any such Leasehold Mortgage as provided below.
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Leasehold Mortgages Authorized. Tenant and any Subtenant shall have the right, at any time and from time to time, without the necessity of obtaining Landlord’s consent, to mortgage, pledge, convey a security interest in, or otherwise encumber its interest in this Lease or its Sublease, respectively, and its leasehold estate in the Premises (each such encumbrance, a “Leasehold Mortgage”) in exchange for financing from a savings bank, savings and loan association, commercial bank, trust company, credit union, insurance company, real estate investment trust, pension fund or other institutional investor or lender of substance which performs functions similar to any of the foregoing, and which has assets in excess of Five Hundred Million Dollars ($500,000,000), which amount shall be subject to Inflation Adjustment pursuant to Section 31.6 below, at the time such Leasehold Mortgage is granted (each such lender or beneficiary, a “Leasehold Mortgagee”). A Leasehold Mortgage shall also include a mortgage, deed of trust or other security instrument taken back, retained by or granted to Tenant upon a sale and assignment of this Lease to secure payment of any portion of the purchase price or other obligations of the purchaser and assignee in connection with such sale and assignment, and shall also include a security instrument or instruments by which all or substantially all of the equity interests in Tenant are conveyed, assigned or pledged to secure a debt or other obligation to an Leasehold Mortgagee, including mezzanine debt, and a Leasehold Mortgagee may also be any partnership, corporation, trust or other legally recognized entity formed for the purpose of issuing debt, securities of other obligations, the proceeds of the sale of which shall be used to make a loan to be secured by, inter alia, a Leasehold Mortgage, and shall include, by way of example only, a trustee or agent for a CMBS or similar pool of mortgages, loans, and other interests in real estate. Every Leasehold Mortgage entered into by Tenant or a Subtenant pursuant to this Section 26.1 shall provide that the rights of the Leasehold Mortgagee thereunder shall be subject to all of the terms and conditions contained in this Lease, and that in the event the Leasehold Mortgagee should succeed to Tenant’s interest in this Lease or to a Subtenant’s interest in a Sublease, the Leasehold Mortgagee, or its successor(s) in interest, shall attorn to Landlord at Landlord’s request.
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Leasehold Mortgages Authorized 
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Related to Leasehold Mortgages Authorized

  • Leasehold Mortgages A. Notwithstanding any other provision hereof to the contrary, Tenant shall have the right, from time to time, to convey or encumber by mortgage, deed to secure debt, deed of trust, or similar financing instrument, Tenant’s leasehold estate and interest in and to the Demised Premises or any part thereof (each such leasehold mortgage, deed to secure debt, deed of trust, or other financing instrument being hereinafter referred to as a “Leasehold Mortgage” and the holder thereof as a “Leasehold Mortgagee”) provided that the 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 and interest of Landlord herein, none of which covenants, conditions or restrictions is or shall be waived by Landlord by reason of the right given to so mortgage such interest in this Lease, except as expressly provided herein. The execution and delivery of a Leasehold Mortgage shall not, in and of itself, be deemed to constitute an assignment or transfer of this Lease nor shall the Leasehold Mortgagee, as such, be deemed an assignee or transferee of this Lease so as to require such Leasehold Mortgagee to assume the performance of any of the covenants or agreements on the part of Tenant to be performed hereunder. Tenant shall also have the right from time to time to obtain financing by a “sale and leaseback” of Tenant’s leasehold interest hereunder (i.e., an assignment of Tenant’s leasehold estate under this Lease simultaneously with or subsequent to the making of a sublease of all of the Demised Premises to Tenant). If Tenant shall enter into any such financing arrangement, it shall deliver to Landlord true and complete copies of the instruments effecting such transaction within thirty (30) days of their execution. Simultaneously with the delivery to the Landlord of the aforesaid instruments effecting such transaction, Tenant shall also give Landlord notice of the name and address of the party providing such financing.

  • Leasehold Mortgage Provide whether the tenant can mortgage its leasehold interest as security for a loan. 20.

  • The Mortgages In the event that any of the Collateral hereunder is also subject to a valid and enforceable Lien under the terms of any Mortgage and the terms of such Mortgage are inconsistent with the terms of this Agreement, then with respect to such Collateral, the terms of such Mortgage shall be controlling in the case of fixtures and real estate leases, letting and licenses of, and contracts and agreements relating to the lease of, real property, and the terms of this Agreement shall be controlling in the case of all other Collateral.

  • Borrower's Authorization Borrower shall have provided in form and substance satisfactory to Lender properly certified resolutions, duly authorizing the execution and delivery of this Agreement, the Note and the Related Documents. In addition, Borrower shall have provided such other resolutions, authorizations, documents and instruments as Lender or its counsel, may require.

  • Mortgages and Deeds of Trust The notes secured by the mortgages and deeds of trust encumbering the Portfolio Properties (except with respect to each property described in the Prospectus as held by the Company through a joint venture) are not convertible, except where the conversion of such notes would not have a Material Adverse Effect, and said mortgages and deeds of trust are not cross-defaulted or cross-collateralized to any property that is not a Portfolio Property, except where such cross-default or cross-collateralization, if triggered, would not have a Material Adverse Effect.

  • SUBORDINATION TO MORTGAGES This Lease and all of Tenant's rights hereunder are subject and subordinate to any Mortgage now or hereafter placed on or affecting the Building, and all renewals, modifications, replacements, amendments and extensions thereof. Upon written request or notice by Landlord, concurred in by any Mortgagee of the Building or any part thereof which includes the Premises, or by any person, firm or corporation intending to become a Mortgagee, Tenant agrees to subordinate its rights under this Lease to the lien or liens of any Mortgage and to any and all advances to be made thereunder, and to the interest thereon, and all renewals, replacements and extensions thereof, provided the Mortgagee named in a Mortgage shall agree to recognize the lease of Tenant in the event of foreclosure if Tenant is not in default. Tenant also agrees that any Mortgagee may elect to have this Lease prior to the lien of its Mortgage, and in the event of such election and upon notification by such Mortgagee to Tenant to that effect, this Lease shall be deemed prior in lien to the Mortgage, whether this Lease is dated prior to or subsequent to the date of the Mortgage. Tenant agrees that, upon the request of Landlord or any Mortgagee named in such Mortgage, it will execute and deliver whatever instruments may be required for such purposes. Tenant will, in the event of the sale or assignment of Landlord's interest in the Building or in the event of any proceedings brought for the foreclosure of, or in the event of the exercise of the power of sale under any Mortgage covering the Building, attorn to and recognize such purchaser or Mortgagee as Landlord under this Lease to the same extent and effect as the original Landlord.

  • Mortgages; Deeds of Trust The Company has provided to the Sales Agent true and complete copies of all credit agreements, mortgages, deeds of trust, guaranties, side letters, and other material documents evidencing, securing or otherwise relating to any secured or unsecured indebtedness of the Company or any of its subsidiaries, and none of the Company and its subsidiaries that is party to any such document is in default thereunder, nor has an event occurred which with the passage of time or the giving of notice, or both, would become a default by any of them under any such document.

  • Mortgages, etc (i) The Administrative Agent shall have received a Mortgage with respect to each Mortgaged Property, executed and delivered by a duly authorized officer of each party thereto.

  • Pledgor’s Authority No authorization, approval or action by, and no notice or filing with any Governmental Authority or with the issuer of any Pledged Stock is required either (i) for the pledge made by a Pledgor or for the granting of the security interest by a Pledgor pursuant to this Pledge Agreement or (ii) for the exercise by the Agent or the Lenders of their rights and remedies hereunder (except as may be required by laws affecting the offering and sale of securities).

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