MORTGAGE OR LEASEHOLD INTEREST. Lessee shall have the right to place a First Mortgage Lien upon its hangar only, but not to include the leasehold interest in the ground beneath the hangar. The terms and conditions of such mortgage loan shall be subject to the approval of Lessor. Lender’s duties and rights are as follows:
Appears in 4 contracts
Samples: Lease Agreement, Lease Agreement, Hangar Ground Lease
MORTGAGE OR LEASEHOLD INTEREST. Lessee shall have the right to place a First Mortgage Lien upon its hangar only, but not to include the leasehold interest in the ground beneath the hangar. The terms and conditions of such mortgage loan shall be subject to the approval of LessorXxxxxx. LenderXxxxxx’s duties and rights are as follows:
Appears in 2 contracts
Samples: Lease Agreement, Hangar Ground Lease
