Hotel Mortgagee definition

Hotel Mortgagee means the holder of any Hotel Mortgage.
Sample 1Sample 2Sample 3
Hotel Mortgagee means the holder of any Hotel Mortgage. ---------------
Sample 1Sample 2Sample 3
Hotel Mortgagee means the holder of the Hotel Mortgage.
Sample 1Sample 2Sample 3

Examples of Hotel Mortgagee in a sentence

  • If a Hotel Mortgagee or Landlord releases only a portion of insurance proceeds to Tenant and Landlord does not, in its sole and absolute discretion, make any shortfall in the amount of insurance proceeds released by a Hotel Mortgagee available to Tenant for repair or restoration of the Leased Property, Tenant shall only be obligated to repair and restore the Leased Property to the extent of moneys released by Hotel Mortgagee or Landlord, plus any sums made available by Landlord for repairs and restoration.

  • All such policies shall provide Landlord (and any Hotel Mortgagee if required by the same) thirty (30) days prior written notice of any material change or cancellation of such policy.

  • Landlord's obligation to disburse insurance proceeds under this Article 10 shall be subject to the release of such proceeds by any Hotel Mortgagee to Landlord.

  • Additionally, Tenant shall cooperate in all reasonable respects, and as generally described in Section 22.15, with any transfer of the Leased Property to a Hotel Mortgagee that succeeds to the interest of Landlord in the Leased Property (including, without limitation, in connection with the transfer of any franchise, license, lease, permit, contract, agreement, or similar item to such Hotel Mortgagee or such Hotel Mortgagee's designee necessary or appropriate to operate the Leased Property).

  • Landlord may at any time, and from time to time, provide any Hotel Mortgagee with copies of any of the foregoing statements.

  • Notwithstanding anything contained in this Agreement, in the event that any Hotel Mortgagee does not release insurance proceeds to Landlord, unless Landlord determines, in its sole and absolute discretion, to make monies in the amount of such proceeds available to Tenant for repair or restoration of the Leased Property, Tenant shall have no obligation to repair or restore the Leased Property.

  • All rentals received from such subtenant by Landlord or the Hotel Mortgagee, as the case may be, shall be credited against the amounts owing by Tenant under this Agreement and such sublease shall provide that the subtenant thereunder shall, at the request of Landlord, execute a suitable instrument in confirmation of such agreement to attorn.


More Definitions of Hotel Mortgagee

Hotel Mortgagee. 9 1.48 "IHG"...................................................9 1.49 "Impositions"...........................................9 1.50 "Insurance Requirements"...............................10 1.51 "Interest Rate"........................................10 1.52 "Land".................................................10 1.53 "Landlord".............................................11 1.54 "Landlord Liens".......................................11 1.55 "Lease Year"...........................................11 1.56 "Leased Improvements"..................................11 1.57 "Leased Intangible Property"...........................11 1.58 "Leased Personal Property".............................11 1.59 "Lien".................................................12 1.60 "Managed Hotels".......................................12 1.61 "Material Repair"......................................12 1.62 "Minimum Rent".........................................12 1.63 "New Management Agreement".............................12 1.64 "NOI"..................................................12 1.65 "Notice"...............................................12 1.66 "Officer's Certificate"................................12 1.67 "Operating Costs"......................................12 1.68 "Parent"...............................................13 1.69 "Permitted Encumbrances"...............................13 1.70 "Permitted Use"........................................14 1.71 "Person"...............................................14 1.72 "Pledged Hotels".......................................14 1.73 "Pooled FF&E Hotel"....................................14 1.74 "Portfolio Manager"....................................14 1.75 "Portfolio Purchaser"..................................14 1.76 "Portfolio Owner"......................................14 1.77 "Property".............................................14 1.78 "Purchase Agreement"...................................14 1.79 "Records"..............................................14 1.80 "Repairs"..............................................14 1.81 "Rent".................................................14 1.82 "SEC"..................................................15 1.83 "Specially Designated or Blocked Person"...............15 1.84 "State"................................................15 1.85 "Subsidiary"...........................................15 1.86 "Successor Landlord"...................................15 1.87 "System Fees"..........................
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Related to Hotel Mortgagee

  • Mortgagee The mortgagee or beneficiary named in the Mortgage and the successors and assigns of such mortgagee or beneficiary.

  • First Mortgagee means the holder of any First Mortgage.

  • Facility Mortgagee means the holder of any Facility Mortgage.

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

  • Leasehold Mortgagee means the holder of a Leasehold Mortgage.

  • 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.

  • Residential mortgage loan means any loan primarily for

  • Additional Mortgaged Property has the meaning assigned to that term in subsection 6.9.

  • Conventional Mortgage means a mortgage for which the principal amount, at the time of commitment, together with all other equal and prior ranking mortgages: (a) in the case of a property purchase, does not exceed the lower of 75% of the purchase price of the underlying real property securing the mortgage and 75% of the appraised value of the underlying real property securing the mortgage as determined by a qualified appraiser; and (b) in the case of a refinancing, does not exceed 75% of the appraised value of the underlying real property securing the mortgage as determined by a qualified appraiser at the time of such refinancing.

  • Fee Mortgage Any mortgage, pledge agreement, security agreement, assignment of leases and rents, fixture filing or similar document creating or evidencing a lien on Landlord’s interest in the Leased Property or any portion thereof (or an indirect interest therein, including without limitation, a lien on direct or indirect interests in Landlord) in accordance with the provisions of Article XXXI hereof.

  • Master Tenant means any entity approved by HUD now or hereafter leasing the Healthcare Facility pursuant to a Master Lease.

  • Facility Mortgage As defined in Section 13.1.

  • Mortgagor The obligor on a Mortgage Note.

  • Primary Mortgage Insurance Insurance obtained from a Primary Mortgage Insurer which insures the holder of a Mortgage Note against loss in the event the related Borrower defaults under such Mortgage Note or the related Security Instrument, including all riders and endorsements thereto.

  • Initial Mortgage Loan A Mortgage Loan conveyed to the Trust Fund on the Closing Date pursuant to this Agreement as identified on the Mortgage Loan Schedule delivered to the Trustee on the Closing Date.

  • Leasehold Mortgage means any leasehold deed of trust, mortgage, deed to secure debt, assignment of leases and rents, assignment, security agreement, or other security document securing financing from a lender of Tenant and encumbering Tenant’s leasehold interest in any Demised Property.

  • Property Owner Association Property means, for each Fiscal Year, any property within the boundaries of IA No. 2 that was owned by a property owner association, including any master or sub-association, as of January 1 of the prior Fiscal Year.

  • Additional Mortgage shall have the meaning assigned to such term in Section 5.10(c).

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

  • FHA Mortgage Insurance Contract means the contractual obligation of the FHA respecting the insurance of a Mortgage Loan.

  • Original Mortgage Loan The mortgage loan refinanced in connection with the origination of a Refinancing Mortgage Loan.

  • Property Manager means an entity that has been retained to perform and carry out at one or more of the Properties property-management services, excluding persons, entities or independent contractors retained or hired to perform facility management or other services or tasks at a particular Property, the costs for which are passed through to and ultimately paid by the tenant at such Property.

  • 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.

  • Conventional Mortgage Loan Any Mortgage Loan that is not an FHA Loan.

  • FHA Mortgage Insurance means, mortgage insurance authorized under the National Housing Act, as amended from time to time, and provided by the FHA.