Common use of Mortgage by Company Clause in Contracts

Mortgage by Company. Company may, from time to time and at any time, without the consent of Landowner, hypothecate, mortgage, collaterally assign, pledge or alienate the Solar Facility Equipment, the Solar Facility, Company’s leasehold, the Easements and/or the rights granted to Company under this Lease (collectively, the “Solar Facility Estate”). Each holder of any such instrument or lien, as to which Landowner has been notified of identity and address, is hereinafter referred to as a “Solar Facility Mortgagee.” Nothing herein shall be deemed to permit a Solar Facility Mortgagee to take title to, or otherwise encumber, Landowner’s fee title to the Leased Property.

Mortgage by Company. Company may, from time to time and at any time, without the consent of Landowner, hypothecate, mortgage, collaterally assign, pledge or alienate the Solar Facility Equipment, the Solar Facility, Company’s leasehold, the Easements and/or or the rights granted to Company under this Lease (collectively, the “Solar Facility Estate”). Each holder of any such instrument or lien, as to which Landowner has been notified of identity and address, is hereinafter referred to as a “Solar Facility Mortgagee.” Nothing herein shall be deemed to permit Company to grant or allow a Solar Facility Mortgagee to take title to, encumber or otherwise encumber, to claim any rights or interest in Landowner’s fee title to the Leased Property.