Mortgage Holder Consent Clause Samples
The Mortgage Holder Consent clause requires that any actions affecting the property, such as modifications to the lease or property transfers, must receive approval from the mortgage holder. In practice, this means that tenants or property owners cannot make significant changes or enter into certain agreements without first obtaining written consent from the lender or entity holding the mortgage. This clause ensures that the mortgage holder's interests are protected and prevents unauthorized actions that could jeopardize their security interest in the property.
Mortgage Holder Consent. The Mortgage Holder shall have consented to the transactions contemplated by this Agreement.
Mortgage Holder Consent. The Record Owner represents and warrants that the Record Owner has (i) disclosed to the Governmental Unit or the Program Administrator, the identities of all persons, if any, that hold mortgage liens against the Property (whether recorded or unrecorded) that may be affected by the Assessment; (ii) has obtained and delivered to the Governmental Unit or the Program Administrator the written consent of all such persons to the Assessment, which consent complies with the requirements of the Act; and (iii) to the Record Owner’s knowledge, no such consent has been withdrawn or revoked.
Mortgage Holder Consent. Written consent must be obtained from each person or institution holding a lien, e.g., 12 Utah Code 11-42a-202 mortgage/deed of trust, on the property. Such consent must be submitted to the program administrator to facilitate the levy of the energy assessment lien with the governing body clerk and recorder, and the assignment of such lien to the capital provider.