Examples of Ground Lease Properties in a sentence
Mortgage Borrower has good, marketable and insurable (i) leasehold title to the Land and the Improvements relating to the Ground Lease Properties, and enjoys the quiet and peaceful possession of the Leasehold Estate related thereto, and (ii) fee simple title to the Land and the Improvements relating to the Fee Properties, in each case free and clear of all Liens whatsoever except the Permitted Encumbrances.
Lender shall have received a copy of a reasonably acceptable recognition agreement from all overlandlords with respect to Ground Lease Properties for which the Ground Lease is a sublease.
The City makes no representations or warranties, either express or implied, as to the condition of the Special Facilities, Easements and Ground Lease Properties for the use intended by the Lessee.
The Lessee has full and exclusive responsibility for ascertaining the suitability of the Special Facilities, Easements and Ground Lease Properties for their intended use.
Lender shall have received a copy of a reasonably acceptable subordination agreement from all fee mortgagees with respect to Ground Lease Properties for which the fee mortgage predates the recorded memorandum or notice of ground lease.