Facility Mortgage definition

Facility Mortgage. As defined in Section 13.1.

Facility Mortgage means any Encumbrance placed upon the Leased Property, or any portion thereof, in accordance with Article 20.

Facility Mortgage means any mortgage, deed of trust or other security agreement or lien encumbering the Premises or any portion thereof and securing an indebtedness of Prime Landlord or any Affiliate of Prime Landlord or any ground, building or similar lease or other title retention agreement to which the Premises or any portion thereof is subject from time to time.

Examples of Facility Mortgage in a sentence

• Xxthout the consent of Tenant, Landlord may from time to time, directly or indirectly, create or otherwise cause to exist any Facility Mortgage upon the Premises or any portion thereof or interest therein.

• In the event of a foreclosure of any Facility Mortgage or conveyance in lieu of foreclosure of any Facility Mortgage, the applicable Facility Mortgagee shall recognize the rights of Tenant under this Lease so long as no Event of Default shall have occurred under this Lease, and the foregoing obligation shall be self-operative.

• If, upon the exercise of any remedy provided for in any Facility Mortgage Documents (or in lieu of such exercise), Landlord’s interest in the Premises or any portion thereof or interest therein is sold, conveyed, or terminated Tenant shall, in accordance with the terms of the SNDA, attorn to and recognize the new owner as Tenant’s “landlord” under this Lease or enter into a new lease substantially in the form of this Lease with the new owner.

More Definitions of Facility Mortgage

Facility Mortgage has the meaning set forth in Section 12.1.

Facility Mortgage means any Encumbrance placed upon the Leased Property in accordance with Article XIX.

Facility Mortgage. As defined in Article XIII.

Facility Mortgage means a mortgage, deed of trust or other security agreement securing any indebtedness or any other Landlord's Encumbrance placed on the Property in accordance with the provisions of Article 25.

Facility Mortgage means any mortgage or deed of trust secured by the Facility.

Facility Mortgage means, with respect to the Leased Property, any encumbrance securing the repayment of indebtedness (and including any obligations in connection with credit enhancement) now or hereafter placed upon the Leased Property and approved by the parties hereto, provided the Leased Property is then subject to the terms of this Lease, together with all other documents and instruments evidencing or securing the indebtedness secured thereby.

Facility Mortgage shall have the meaning ascribed to such term in Section 14.1.