First Leasehold Mortgagee definition

First Leasehold Mortgagee means the holder of the Leasehold Mortgage constituting a first lien on the Leasehold Estate.
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First Leasehold Mortgagee means any holder of record of a Leasehold Mortgage which is prior in lien to all other Leasehold Mortgages.
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First Leasehold Mortgagee as used in this Lease shall mean that Leasehold Mortgagee or Leasehold Mortgagees holding the most senior lien on the interest of Tenant under this Lease or any portion thereof, as consolidated, renewed, extended, modified or replaced from time to time. In the event the First Leasehold Mortgagee fails to notify Landlord of its election to enter into a lease within such thirty-day period, Landlord shall enter into such lease with any other Leasehold Mortgagee who so elects by written notice delivered within such thirty-day period to Landlord to enter into a new lease with Landlord, in the order of priority of the Leasehold Mortgagees, or as the other Leasehold Mortgagees may agree. Nothing herein contained shall be deemed to impose any obligation on the part of Landlord to deliver physical possession of the Demised Premises or any part thereof to such Leasehold Mortgagee; provided, however, that Landlord shall cooperate with such Leasehold Mortgagee (by joining as a party in any appropriate action or proceeding or otherwise) at the sole cost and expense of such Leasehold Mortgagee, and at no cost, expense or liability to Landlord, for the purpose of enabling such Leasehold Mortgagee to obtain such possession of the Demised Premises. The Leasehold Mortgagee shall not be required to cure any Event of Default which is exclusively personal to Tenant and which therefore no Leasehold Mortgagee has the power to cure (such as, for example, the bankruptcy of Tenant), as a prerequisite to the exercise of the rights granted to such Leasehold Mortgagee by the provisions of this Section 10.5. Except as aforesaid, such Leasehold Mortgagee shall remedy all other Events of Default hereunder. Any such new lease and the leasehold estate thereby created shall continue to maintain the same priority as the within Lease with regard to any mortgage on the Demised Premises or any part thereof or any other lien, charge or encumbrance thereon caused or made by Landlord whether or not the same shall then be in existence. The provisions of the preceding sentence are intended to be self-executing, and Landlord shall not be obligated to expend any funds or take any other action (other than to execute any documents reasonably required by any title company, at no expense to Landlord) to accomplish or obtain such priority for any such new lease or leasehold estate.
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Examples of First Leasehold Mortgagee in a sentence

  • Nothing in this Mortgage shall limit or waive any rights granted to Mortgagee as a "Leasehold Mortgagee" or the "First Leasehold Mortgagee," as the case may be, under and as defined in the Casino Ground Lease.

  • Their DPR exceeds BM25’s capabilities by far, namely a more than 20% increase in top-5 accuracy (65.2%).

  • Tenant shall have thirty (30) days in which to exercise its option by providing written notice of its decision to exercise its option to re‑lease the Leased Premises (the "Option Period") to Landlord, the First Leasehold Mortgagee, Casino Subtenant and the First Subleasehold Mortgagee.

  • If neither Tenant nor the First Leasehold Mortgagee exercises its option to re‑lease the Leased Premises and neither Casino Subtenant nor the First Subleasehold Mortgagee exercises its option to lease the Leased Premises prior to the expiration of said option periods, the Landlord and/or the City shall be free to re‑lease the Casino Premises to any Person.

  • If Tenant fails to deliver said notice to re‑lease within the Option Period, Tenant's option right shall expire, whereupon the First Leasehold Mortgagee shall have the option to re‑lease the Leased Premises, which shall be exercisable within thirty (30) days after expiration of Tenant's option, which, for the purposes of Section 6.6(d) of this Lease, shall be deemed an exercise by Tenant.

  • If Tenant or the First Leasehold Mortgagee exercises its option to re‑lease the Leased Premises or Casino Subtenant or the First Subleasehold Mortgagee exercises its option to lease the Leased Premises, the Donated Property shall be re‑donated to Landlord and the City within thirty (30) days of exercising such option, under the same terms and conditions as the original donation.

  • Such option may be exercised at any time upon notice to Landlord by Tenant, or by a First Leasehold Mortgagee (or its designee) which holds or is entitled to receive a new lease pursuant to Section 9.03 hereof, and closing (the “Closing”) shall occur thereafter in accordance with the provisions of this Section 23.01.

  • If the First Leasehold Mortgagee fails to exercise its option to re‑lease the Leased Premises prior to the expiration of its thirty (30) day option period, Casino Subtenant shall have the option to lease the Leased Premises, which shall be exercisable within thirty (30) days after the expiration of the First Leasehold Mortgagee's thirty (30) day option period.

  • Landlord reserves the right, unless a First Leasehold Mortgagee is then entitled to receive a new lease pursuant to Section 9.03, to require that Tenant remove all of Tenant’s equipment and facilities which may then be located on the Premises and/or Landlord Property and demolish any and all Buildings and improvements on the Premises and restore the Premises to its natural state, all in full compliance with environmental laws and other Legal Requirements applicable to closing a facility.

  • The parties hereto acknowledge that, for purposes of the Casino Lease, the Collateral Agent shall be the "First Leasehold Mortgagee" under and as defined in the Casino Lease and the exercise of any and all rights granted the Collateral Agent as the First Leasehold Mortgagee under the Casino Lease shall be subject to and in accordance with the terms and conditions of this Agreement, including, without limitation, the provisions of Sections 4 and 11 hereof.


More Definitions of First Leasehold Mortgagee

First Leasehold Mortgagee as used in this Lease shall mean that Lease-
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First Leasehold Mortgagee as used in this Lease shall mean that Leasehold Mortgagee or Leasehold Mortgagees holding the most senior lien on the interest of Tenant under this Lease or any portion thereof, as consolidated, renewed, extended, modified or replaced from time to time. In the event the First Leasehold Mortgagee fails to notify Landlord of its election to enter into a lease within such thirty-day period, Landlord shall enter into such lease with any other Leasehold Mortgagee who so elects by written notice delivered within such thirty-day period to Landlord to
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First Leasehold Mortgagee means the holder of record (as evidenced from time to time by any title report obtained by Landlord from a reputable title company reasonably selected by Landlord) at the time in question of the First Leasehold Mortgage.
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First Leasehold Mortgagee means the holder or holders at any time or from time to time of the note or other documents evidencing the debt and other obligations secured by any First Leasehold Mortgage. ​
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First Leasehold Mortgagee are defined in Section 21.2.
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First Leasehold Mortgagee means at any time the mortgagee or beneficiary under the First Leasehold Mortgage.
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Related to First Leasehold Mortgagee

  • Leasehold Mortgagee means the holder of a Leasehold Mortgage.

  • Leasehold Mortgage means a mortgage, a deed of trust, a deed to secure debt, or other security instrument by which the Leasehold is mortgaged, conveyed, assigned, or otherwise transferred to secure a debt or other obligation.

  • Mortgagee means the mortgagee, grantee or beneficiary under any Mortgage, any holder of legal title to any portion of any Mortgage Loan or, if applicable, any agent or servicer on behalf of such party.

  • Ground Lessor means, as to any Site, the “lessor,” “sublessor,” “landlord,” “licensor,” “sublicensor” or similar Person under the related Ground Lease.

  • Superior Landlord means and includes people or persons to whom the ownership or interest in the Leasehold Property might revert in the fullness of time.

  • First Mortgagee means the holder of any First Mortgage.

  • Lessor means a person who transfers the right to possession and use of goods under a lease. Unless the context clearly indicates otherwise, the term includes a sublessor.

  • Landlord means the owner, lessor or sublessor of the dwelling unit or the building of which such

  • Superior Lease means the document which sets out the obligations your Landlord has made to their Superior Landlord. The promises contained in this Superior Lease will bind the Tenant if they have prior knowledge of those promises.

  • Tenant Lease means any lease entered into by the Borrower, any Loan Party or any Subsidiary with respect to any portion of a Property.

  • New Lease Any lease of REO Property entered into on behalf of REMIC I, including any lease renewed or extended on behalf of REMIC I, if REMIC I has the right to renegotiate the terms of such lease.

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Ground Lessee means the Owner Lessor as lessee of the Ground Interest under the Facility Site Lease.

  • Master Lease This Schedule is issued pursuant to the Lease identified on page 1 of this Schedule. All of the terms and conditions of the Lease are incorporated in and made a part of this Schedule as if they were expressly set forth in this Schedule. The parties hereby reaffirm all of the terms and conditions of the Lease (including, without limitation, the representations and warranties set forth in Section 8) except as modified herein by this Schedule. This Schedule may not be amended or rescinded except by a writing signed by both parties. CHEMDEX CORPORATION COMDISCO, INC. AS LESSEE AS LESSOR By: /s/ Xxxxx X. Xxxxx By: /s/ Xxxx X. Xxxxxx ------------------- --------------------- Title: CEO Title: SR VP ----------------- ------------------- Date: Date: ----------------- ------------------- EXHIBIT 1 SUMMARY EQUIPMENT SCHEDULE -------------------------- This Summary Equipment Schedule dated XXXX is executed pursuant to Equipment Schedule No. X to the Master Lease Agreement dated XXXX between Comdisco, Inc. ("Lessor") and XXXX ("Lessee"). All of the terms, conditions, representations and warranties of the Master Lease Agreement and Equipment Schedule No. X are incorporated herein and made a part hereof, and this Summary Equipment Schedule constitutes a Schedule for the Equipment on the attached invoices.

  • Facility Mortgagee means the holder of any Facility Mortgage.

  • Major Tenant means a tenant of a Loan Party under a lease of Property which entitles it to occupy 15,000 square feet or more of the net rentable area of such Property.

  • Tenant means a person entitled under a rental agreement to occupy a dwelling unit to the exclusion of others.

  • Subtenant means any Person entitled to occupy, use, or possess any Premises under a Sublease.

  • Successor Landlord shall have the meaning given such term in Section 20.2.

  • Sublessor means one who conveys real property by sublease."

  • Sublandlord means the holder of sublandlord’s interest under this Sublease. In the event of any assignment or transfer of the Sublandlord’s interest under this Sublease, which assignment or transfer may occur at any time during the Term in Sublandlord’s sole discretion, Sublandlord shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord hereunder accruing subsequent to the date of the transfer and it shall be deemed and construed, without further agreement between the parties hereto, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunder. Sublandlord may transfer and deliver the then existing Letter of Credit to the transferee of Sublandlord’s interest under this Sublease, and thereupon Sublandlord shall be discharged from any further liability with respect thereto. In addition. Sublandlord shall comply with all of its obligations as “Tenant” under the Master Lease except to the extent that any such obligation is the obligation of Subtenant pursuant to the terms of this Sublease. Notwithstanding any other term or provision of this Sublease, the liability of Subtenant to Sublandlord for any default in Subtenant’s obligations under this Sublease shall be limited to actual, direct damages, and under no circumstances shall Sublandlord, its partners, members, shareholders, directors, agents, officers, employees, contractors, sublessees, successors and/or assigns be entitled to recover from Subtenant (or otherwise be indemnified by Subtenant) for lost revenues, lost profit or other consequential, special or punitive damages arising in connection with this Sublease for any reason, except for any breach by Subtenant under Section 12 of the Master Lease. Notwithstanding any other term or provision of this Sublease, no personal liability shall at any time be asserted or enforceable against Subtenant’s shareholders, directors, officers, or partners on account of any of Subtenant’s obligations or actions under this Sublease.

  • the Tenant means the party(ies) named on the tenancy agreement as the tenant of The Property.

  • Mortgagor The obligor on a Mortgage Note.

  • Eligible Mortgagee means the holder of a security interest on a unit that has filed with the secretary of the association a written request that it be given copies of notices of any action by the association that requires the consent of mortgagees.

  • Landlord Agreement means an agreement substantially in the form provided by Lender to Borrower or such other form as Lender may agree to accept.