Hotel Mortgagee definition

Hotel Mortgagee means the holder of any Hotel Mortgage.
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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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Examples of Hotel Mortgagee in a sentence

  • 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.

  • 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.

  • To the extent that Tenant pays any Additional Charges directly to Landlord or any Hotel Mortgagee pursuant to any requirement of this Agreement, Tenant shall be relieved of its obligation to pay such Additional Charges to the Entity to which they would otherwise be due.

  • Subject to any Hotel Mortgagee entering into such confidentiality agreement with Tenant as Tenant may reasonably require, Landlord may at any time, and from time to time, provide any Hotel Mortgagee with copies of any of the foregoing statements.

  • To the extent that Tenant pays any Additional Charges directly to Landlord or any Hotel Mortgagee pursuant to any requirement of this Agreement, Tenant shall be relieved of its obligation to pay such Additional Charges to the Entity to which they would otherwise be due and Landlord shall pay when due, or cause the applicable Hotel Mortgagee to pay when due, such Additional Charges to the Entity to which they are due.

  • All such policies described in Sections 9.1(a) through (d) shall name Landlord, CNL Hospitality Properties, Inc., and any Hotel Mortgagee as additional insureds, loss payees, or mortgagees, as their interests may appear and to the extent of their indemnity.

  • Subject to the terms hereof, Landlord, Tenant and any Hotel Mortgagee shall transfer any part of the Award received by them, respectively, together with severance and other damages awarded for the taken Leased Improvements and any deficiency Landlord or Tenant has agreed to pay, to an escrow agent reasonably satisfactory to all parties pursuant to an escrow agreement that is reasonably satisfactory to all parties, for the purpose of funding the cost of the repair or restoration.

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

  • Tenant's obligation to restore the Leased Property shall be subject to the release of the Award by the applicable Hotel Mortgagee to Landlord.

  • Obligations under this Section 11.3 to disburse the Award and such other amounts shall be subject to (x) the collection thereof and (y) the release of such Award by the applicable Hotel Mortgagee.

Related to Hotel Mortgagee

  • 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.

  • 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.

  • 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 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.

  • 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.

  • Blanket Mortgage The mortgage or mortgages encumbering a Cooperative Property.

  • 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.

  • Park Sienna Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Sienna is the applicable Seller.

  • Mortgage shall have the meaning assigned to such term in the recitals.