Encumbrance Holder shall have the meaning set forth in Subsection 12.1.1.
Encumbrance Holder means the deed of trust beneficiary, mortgagee, ground lessor or sale-leaseback lessor under an Encumbrance.
Encumbrance Holder means a person in whose favour third party rights in the Government Securities have been created including through pledge, lien, charge, mortgage, etc.
Examples of Encumbrance Holder in a sentence
ENCUMBRANCE HOLDER By: Name: Title: LANDOWNER: By: Name: Title: THE METROPOLITAN WATER DISTRICT OF SOUTHERN CALIFORNIA By: Xxxxxx X.
More Definitions of Encumbrance Holder
Encumbrance Holder means a person entitled to the benefit of an encumbrance; « titulaire d’une charge »
Encumbrance Holder shall have the meaning set forth in 1.1.29 “ENTITLEMENTS” shall mean all discretionary planning, zoning, land use, and other entitlements, permits, and approvals (including, without limitation, licenses, variances, certificates, consents, exemptions, decisions, actions, and/or approvals) of any governmental authorities and/or agencies which Lessee, in good faith, determines are required for Lessee’s performance of the Development Work and use and operation of the Premises as a multi- family residential apartment complex on terms and conditions acceptable to Lessee in Lessee’s sole and subjective discretion, excluding only building permits to be issued upon Xxxxxx’s provision of plans and specifications complying with applicable building codes and payment of statutory building permit fees.
Encumbrance Holder as used in this Lease shall mean not only party that loaned money to Lessee and is named as beneficiary, mortgagee, secured party, or security holder in a Security Instrument creating any Encumbrance, but also successors and assigns of record to the Encumbrance Holder's interest as beneficiary, mortgagee and/or secured party, as applicable, of the Encumbrance.
Encumbrance Holder shall have the meaning set forth in subsection 34.1.1.
Encumbrance Holder shall also be deemed to include any and all Affiliates of such Encumbrance Holder which have succeeded by assignment or otherwise to any rights, interests or liabilities of the Encumbrance Holder with respect to the Encumbrance, or which have been designated by the Encumbrance Holder to exercise any rights or remedies under the Encumbrance or to take title to the leasehold estate under this Lease or to Ownership Interests, and such Affiliates shall enjoy all of the rights and protections given to Encumbrance Holders under this Lease.
Encumbrance Holder means a person entitled to the benefit of an encumbrance;
Encumbrance Holder means the holder of record of any Security Financing Interest; (b) "Foreclosure Transfer" shall mean any transfer of all or a portion of the Property or of any associated personal property or limited liability company interests in Developer pursuant to any judicial or non-judicial foreclosure or other enforcement of remedies under or with respect to a Security Financing Interest, or by voluntary deed or assignment or other transfer in lieu thereof; and "Foreclosure Transferee" shall mean any transferee (including without limitation an Encumbrance Holder) which acquires title in the Property or interest therein or of any associated personal property or of the limited liability company interests in Developer pursuant to a Foreclosure Transfer. Holder Not Obligated to Construct. No Encumbrance Holder or Foreclosure Transferee is obligated to construct or complete any Improvements or Public Improvements, or to guarantee such construction or completion. Nothing in this Agreement shall be deemed to permit or authorize any such Encumbrance Holder or Foreclosure Transferee to devote the Property or any portion thereof to any uses, or to construct any improvements thereon, other than those uses or improvements provided for or authorized by this Agreement. A Developer Event of Default or other breach will not defeat or render invalid any Security Financing Interest. No Encumbrance Holder or Foreclosure Transferee of any Security Financing Interest shall be personally liable for the performance or observance of any covenants or conditions to be performed by the Developer under this Agreement, any Transaction Document or any Pre-Construction Document unless and until such Encumbrance Holder or Foreclosure Transferee acquires the Developer's interest in the Property and at the election of Encumbrance Holder or Foreclosure Transferee enters into a new agreement with the City. The City agrees that such Encumbrance Holder or Foreclosure Transferee may sell, assign, or otherwise dispose of any interest to which it has so succeeded or which it has so acquired. Upon such sale, assignment or disposition, such Encumbrance Holder or Foreclosure Transferee shall be released from all obligations and liabilities of the Developer whatsoever arising under this Agreement, any Transaction Document or any Pre-Construction Document from and after the date of such sale, assignment or disposition.