Examples of Approved Financing in a sentence
Landlord may record in the Official Records a request for notice of any default under the Approved Financing Documents or other financing secured by the Project.
Tenant affirms that it shall bear all of the costs and expenses in connection with (i) the preparation and securing of the Approved Financing, (ii) the delivery of any instruments and documents and their filing and recording, if required, and (iii) all taxes and charges payable in connection with the Approved Financing.
In the event of default by Tenant under the Approved Financing Documents or other financing secured by the Project, Landlord shall have the right, but not the obligation, to cure the default within the cure periods available to Tenant and its partners.
It is expressly understood and agreed that all Approved Financing proceeds shall be paid to and become the property of Tenant, and that Landlord shall have no right to receive any such Approved Financing proceeds.
Any mortgage, deed of trust, security agreement, or collateral assignment executed in connection with the Approved Financing encumbering Tenant’s Estate created hereunder as a leasehold deed of trust lien.