Approved Mortgagee means a mortgagee or mortgagees approved for the purpose of section 7 of the Act;

Approved Mortgagee means any bank licensed under the Banking Act (Cap. 19) or any finance company licensed under the Finance Companies Act (Cap. 108), or such other mortgagee as may be approved by the Lessor in writing;

Approved Mortgagee means a mortgagee approved by the Minister by notification in the Gazette;

Examples of Approved Mortgagee in a sentence

For so long as the Debtors or the Liquidating Trust shall own any FHA Mortgage Loans, there shall be an FHA Qualified Trustee that is an FHA- Approved Mortgagee serving as a trustee of the Liquidating Trust.
Notwithstanding the foregoing, any cancellation of insurance coverage based on nonpayment of the premium shall be effective upon ten (10) days’ written notice to AFRH and any Approved Mortgagee.
Each such encumbrance, and the interest of any Approved Mortgagee in the Leased Premises created by such encumbrance, shall at all times be subordinate to the interest of AFRH in the Leased Premises.
If more than one Approved Mortgagee shall seek to exercise any of the rights provided for in this Article XXIII, the holder of the mortgage or deed of trust having priority of lien over the other Approved Mortgagees shall be entitled, as against the others, to exercise such rights.
All policies issued by the respective insurers for commercial general liability insurance and for the all-risk property insurance provided for above in this Article XVI shall be for the mutual benefit of AFRH, any Approved Mortgagee and Lessee and will name AFRH and any Approved Mortgagee as additional insureds or loss payees as to their respective interests.

More Definitions of Approved Mortgagee

Approved Mortgagee have the meanings given to them in Clause 56;

Approved Mortgagee means an approved Lender that has a security interest in the Leased Premises that is subordinate to this Lease.

Approved Mortgagee has the meaning given in Section 14.1.

Approved Mortgagee means a member of BACS limited or CHAPS Clearing Company Ltd or a Building Society incorporated under the Building Societies Act 1986 or a mortgagee approved in writing by the council of mortgage lenders or such other mortgagee as may be approved in writing by the Council.

Approved Mortgagee means a member of BACS Limited or

Approved Mortgagee means only the holder of a Leasehold Mortgage (as defined in Section A.2 of this Addendum III) pursuant to Permitted Financing (as defined in Section A.2 of this Addendum III) who has notified Landlord pursuant to Section C below, and which holder shall be either (i) an Institutional Lender, or (ii) a non- Institutional Lender reasonably approved by Landlord. Notwithstanding anything to the contrary in this Lease, Tenant may mortgage its leasehold estate under this Lease under a Leasehold Mortgage with an Approved Mortgagee at any time and from time to time, upon notice to Landlord; provided, however, that if Landlord fails to approve or disapprove a non-Institutional Lender to be an Approved Mortgagee within thirty (30) calendar days from Tenant’s request for such approval, such non-Institutional Lender shall be deemed approved by Landlord and shall be an Approved Mortgagee hereunder. Notwithstanding the foregoing or anything to the contrary contained elsewhere in this Lease, Landlord hereby approves Bank of America, N.A., a national banking association, as an Approved Mortgagee. In addition, any Leasehold Mortgage or similar instrument that evidences an Approved Mortgagee’s security interest in the leasehold estate shall provide for the following and shall have agreed in writing with the Landlord in recordable form that: