Examples of Facility Mortgagee in a sentence
The determination of the Impartial Appraiser (or the Expert, as the case may be) shall be final and binding on the parties hereto, and Tenant shall forthwith adjust the amount of the insurance carried pursuant to this Article XIII to the amount so determined by the Impartial Appraiser (or the Expert, as the case may be), subject to the approval of the Facility Mortgagee, as applicable.
Landlord will use commercially reasonable efforts to include a covenant by each Facility Mortgagee in the applicable Facility Mortgage to execute, at Tenant’s request, a commercially reasonable acknowledgment of any Permitted Leasehold Mortgagee’s rights under Article XVII.
Any such recognition, non-disturbance agreement shall provide that so long as there is not then outstanding and continuing an event of default under such sublease, Landlord, such Facility Mortgagee, and any Foreclosure Purchaser shall disturb neither such subtenant’s leasehold interest or possession of in its subleased premises in accordance with the terms of such sublease, nor any of its rights, privileges and options, and shall give effect to such sublease.
Any such certificate furnished pursuant to this Article XXIII may be relied upon by the receiving party and any current or prospective Facility Mortgagee, Permitted Leasehold Mortgagee, ground or underlying landlord or purchaser of the Leased Property.
At Tenant’s request, Lxxxxxxx will execute (and use commercially reasonable efforts to cause any Facility Mortgagee to execute) a commercially reasonable acknowledgment of such Permitted Leasehold Mortgagee’s rights under this Article XVII and Landlord will use commercially reasonable efforts to include a covenant by each Facility Mortgagee in the applicable Facility Mortgage to execute such an acknowledgement.