Common use of Leasehold Mortgages Clause in Contracts

Leasehold Mortgages. Notwithstanding anything to the contrary in this Agreement, the Authority hereby Approves StadCo’s right to mortgage, hypothecate, encumber or assign as collateral security this Agreement and its leasehold, license and other estates or interests in the Premises and all rights under the Agreement pursuant to one or more mortgages or other security agreements or instruments (each, a “Leasehold Mortgage”, and the holder of a Leasehold Mortgage being a “Leasehold Mortgagee”); provided, however, that (i) the Leasehold Mortgagee is an Institutional Lender, (ii) each Leasehold Mortgage secures only financing relating to the Premises or the Team or other NFL-related assets, and does not secure any financing relating to other properties or improvements; (iii) the principal amount secured by such Leasehold Mortgages does not exceed, in the aggregate, the sum of (A) one hundred percent (100%) of the Team/Private Contribution [(as defined in the Development Agreement)], any Privately Financed Enhancement [(as defined in the Development Agreement)] and any other amount contributed by StadCo or the Team to fund any capital improvement to the Premises, plus (B) the aggregate amount of all capitalized interest, fees, and other financing-related costs and expenses related to any financing or other source of funds for any such Team/Private Contribution, Privately Financed Enhancement or capital improvement; (iv) such Leasehold Mortgage shall cover and encumber the entirety of StadCo’s interest in the Premises, and (v) such Leasehold Mortgages do not encumber any interest of the Authority, including its fee interest in the Premises. A Leasehold Mortgage may attach to and encumber any of the following, or any interest in any of the following: (1) this Agreement, (2) the leasehold, license, and other estates or interests in the Premises created by this Agreement, (3) StadCo’s rights under this Agreement, (4) StadCo’s rights under the Development Agreement, and

Leasehold Mortgages. Notwithstanding anything to the contrary in this Agreement, the Authority hereby Approves StadCo’s right to mortgage, hypothecate, encumber or assign as collateral security this Agreement and its leasehold, license license, and other estates or interests in the Premises and all rights under the Agreement pursuant to one or more mortgages or other security agreements or instruments (each, a “Leasehold Mortgage”, and the holder of a Leasehold Mortgage being a “Leasehold Mortgagee”); provided, however, that (i) the Leasehold Mortgagee is an Institutional Lender, (ii) each Leasehold Mortgage secures only financing relating to the Premises or the Team or other NFL-related assets, and does not secure any financing relating to other properties or improvements; (iii) the principal amount secured by such Leasehold Mortgages does not exceed, in the aggregate, the sum of (A) one hundred percent (100%) of the Team/Private StadCo Contribution [(as defined in the Development Agreement)]Amount, any Privately Financed Enhancement [(as defined in the Development Agreement)] and any other amount contributed by StadCo or the Team to fund any capital improvement to the Premises, plus (B) the aggregate amount of all capitalized interest, fees, and other financing-related costs and expenses related to any financing or other source of funds for any such Team/Private Contribution, Privately Financed Enhancement StadCo Contribution Amount or capital improvement; (iv) such Leasehold Mortgage shall cover and encumber the entirety of StadCo’s interest in the Premises, and (v) such Leasehold Mortgages do not encumber any interest of the Authority, including its fee interest in the Premises. A Leasehold Mortgage may attach to and encumber any of the following, or any interest in any of the following: (1i) this Agreement, (2ii) the leasehold, license, and other estates or interests in the Premises created by this Agreement, (3) StadCo’s rights under this Agreement, (4) StadCo’s rights under the Development Agreement, and,

Leasehold Mortgages. Notwithstanding anything to the contrary in this Agreement, the Authority hereby Approves StadCo’s right to mortgage, hypothecate, encumber or assign as collateral security this Agreement and its leasehold, license and other estates or interests in the Premises and all rights under the Agreement pursuant to one or more mortgages or other security agreements or instruments (each, a “Leasehold Mortgage”, and the holder of a Leasehold Mortgage being a “Leasehold Mortgagee”); provided, however, that (i) the Leasehold Mortgagee is an Institutional Lender, (ii) each Leasehold Mortgage secures only financing relating to the Premises or the Team or other NFL-related assets, and does not secure any financing relating to other properties or improvements; (iii) the principal amount secured by such Leasehold Mortgages does not exceed, in the aggregate, the sum of (A) one hundred percent (100%) of the Team/Private Contribution [(as defined in the Development Agreement)], any Privately Financed Enhancement [(as defined in the Development Agreement)] and any other amount contributed by StadCo or the Team to fund any capital improvement to the Premises, plus (B) the aggregate amount of all capitalized interest, fees, and other financing-related costs and expenses related to any financing or other source of funds for any such Team/Private Contribution, Privately Financed Enhancement or capital improvement; (iv) such Leasehold Mortgage shall cover and encumber the entirety of StadCo’s interest in the Premises, and (v) such Leasehold Mortgages do not encumber any interest of the Authority, including its fee interest in the Premises. A Leasehold Mortgage may attach to and encumber any of the following, or any interest in any of the following: (1) this Agreement, (2) the leasehold, license, and other estates or interests in the Premises created by this Agreement, (3) StadCo’s rights under this Agreement, (4) StadCo’s rights under the Development Agreement, and,

Leasehold Mortgages. Notwithstanding anything to the contrary in this Agreement, the Authority hereby Approves StadCo’s right to mortgage, hypothecate, encumber or assign as collateral security this Agreement and its leasehold, license license, and other estates or interests in the Premises and all rights under the Agreement pursuant to one or more mortgages or other security agreements or instruments (each, a “Leasehold Mortgage”, and the holder of a Leasehold Mortgage being a “Leasehold Mortgagee”); provided, however, that (i) the Leasehold Mortgagee is an Institutional Lender, (ii) each Leasehold Mortgage secures only financing relating to the Premises or the Team or other NFL-related assets, and does not secure any financing relating to other properties or improvements; (iii) the principal amount secured by such Leasehold Mortgages does not exceed, in the aggregate, the sum of (A) one hundred percent (100%) of the Team/Private PrivateStadCo Contribution [(as defined in the Development Agreement)], any Privately Financed Enhancement [(as defined in the Development Agreement)] Agreement)]Amount, and any other amount contributed by StadCo or the Team to fund any capital improvement to the Premises, plus (B) the aggregate amount of all capitalized interest, fees, and other financing-related costs and expenses related to any financing or other source of funds for any such Team/Private PrivateStadCo Contribution, Privately Financed Enhancement Amount or capital improvement; (iv) such Leasehold Mortgage shall cover and encumber the entirety of StadCo’s interest in the Premises, and (v) such Leasehold Mortgages do not encumber any interest of the Authority, including its fee interest in the Premises. A Leasehold Mortgage may attach to and encumber any of the following, or any interest in any of the following: (11i) this Agreement, (22ii) the leasehold, license, and other estates or interests in the Premises created by this Agreement, (33iii) StadCo’s rights under this Agreement, (44iv) StadCo’s rights under the Development Agreement, andand (5v) any rights granted to StadCo arising under the Team Use Agreement.

Leasehold Mortgages. Notwithstanding anything to the contrary in this AgreementLease, the Authority hereby Approves approves StadCo’s right to mortgage, hypothecate, encumber or assign as collateral security this Agreement Lease and its leasehold, license license, and other estates or interests in the Premises and all rights under the Development Agreement and/or this Lease pursuant to one or more mortgages or other security agreements or instruments (each, a “Leasehold Mortgage”, and the holder of a Leasehold Mortgage being a “Leasehold Mortgagee”); provided, however, that (i) the Leasehold Mortgagee is an Institutional Lender, (ii) each Leasehold Mortgage secures only financing relating to the Premises or the Team or other NFL-related assets, and does not secure any financing relating to other properties or improvements; and (iii) the principal amount secured by such Leasehold Mortgages does not exceed, in the aggregate, the sum of (A) one hundred percent (100%) of the Team/Private Contribution [(as defined in the Development Agreement)], any Privately Financed Enhancement [(as defined in the Development Agreement)] and any other amount contributed by StadCo or the Team to fund any capital improvement to the Premises, plus (B) the aggregate amount of all capitalized interest, fees, and other financing-related costs and expenses related to any financing or other source of funds for any such Team/Private Contribution, Privately Financed Enhancement or capital improvement; (iv) such Leasehold Mortgage shall cover and encumber the entirety of StadCo’s interest in the Premises, and (v) such Leasehold Mortgages do not encumber any interest of the Authority, including its fee leasehold or ownership interest in the Premises. A Leasehold Mortgage may attach to and encumber any of the following, or any interest in any of the following: (1i) this AgreementLease, (2ii) the leasehold, license, and other estates or interests in the Premises created by this AgreementLease, (3iii) StadCo’s rights under this AgreementLease, (4iv) StadCo’s rights under the Development Agreement, andand (v) any rights granted to StadCo arising under the Team Sublease.

Leasehold Mortgages. Notwithstanding anything to the contrary in this Agreement, the Authority hereby Approves StadCo’s right to mortgage, hypothecate, encumber or assign as collateral security this Agreement and its leasehold, license license, and other estates or interests in the Premises and all rights under the Agreement pursuant to one or more mortgages or other security agreements or instruments (each, a “Leasehold Mortgage”, and the holder of a Leasehold Mortgage being a “Leasehold Mortgagee”); provided, however, that (i) the Leasehold Mortgagee is an Institutional Lender, (ii) each Leasehold Mortgage secures only financing relating to the Premises or the Team or other NFL-related assets, and does not secure any financing relating to other properties or improvements; (iii) the principal amount secured by such Leasehold Mortgages does not exceed, in the aggregate, the sum of (A) one hundred percent (100%) of the Team/Private StadCo Contribution [(as defined in the Development Agreement)]Amount, any Privately Financed Enhancement [(as defined in the Development Agreement)] and any other amount contributed by StadCo or the Team to fund any capital improvement to the Premises, plus (B) the aggregate amount of all capitalized interest, fees, and other financing-related costs and expenses related to any financing or other source of funds for any such Team/Private Contribution, Privately Financed Enhancement StadCo Contribution Amount or capital improvement; (iv) such Leasehold Mortgage shall cover and encumber the entirety of StadCo’s interest in the Premises, and (v) such Leasehold Mortgages do not encumber any interest of the Authority, including its fee interest in the Premises. A Leasehold Mortgage may attach to and encumber any of the following, or any interest in any of the following: (1i) this Agreement, (2ii) the leasehold, license, and other estates or interests in the Premises created by this Agreement, (3iii) StadCo’s rights under this Agreement, (4iv) StadCo’s rights under the Development Agreement, andand (v) any rights granted to StadCo arising under the Team Use Agreement.