Assigned Landlord Lien definition
Examples of Assigned Landlord Lien in a sentence
For avoidance of doubt, the foregoing shall not prohibit (i) the Master Lessee from granting a Lien to Mortgage Borrower on portions of the Excluded Personal Property, subject to the Assigned Landlord Lien, or (ii) the Mortgage Borrower, Master Lessee or any Tenant under any Individual Property Sublease or Sublease permitted under Section 8.8.2 from entering into any Permitted Encumbrance.
Notwithstanding the foregoing, Master Lessee shall pledge to Mortgage Borrower its interest in the “FF&E” as defined in the Master Lease, subject to the Assigned Landlord Lien.
For avoidance of doubt, the foregoing shall not prohibit (i) the Master Lessee from granting a Lien to Borrower on portions of the Excluded Personal Property, subject to the Assigned Landlord Lien, or (ii) the Borrower, Master Lessee or any Tenant under any Individual Property Sublease or Sublease permitted under Section 8.8.2 from entering into any Permitted Encumbrance.
Notwithstanding the foregoing, Master Lessee shall pledge to Borrower its interest in the “FF&E” as defined in the Master Lease, subject to the Assigned Landlord Lien.
The Property constitutes all of the real property, personal property, equipment and fixtures currently (i) owned or leased by Borrower and (ii) used in the operation of the business located on the Property, other than the Excluded Personal Property (but a portion of which Excluded Personal Property is subject to the Assigned Landlord Lien).