Leasehold Estate definition

Leasehold Estate means Borrower’s interest in the Land and any other real property leased by Borrower pursuant to the Ground Lease, if applicable, including all of the following:

Leasehold Estate. As defined in Section 17.1(a).

Leasehold Estate means Xxxxxxxx’s interest in the Land and any other real property leased by Borrower pursuant to the Ground Lease, if applicable, including all of the following:

Examples of Leasehold Estate in a sentence

• The making of the Specified Mortgage shall not be deemed to constitute an assignment or transfer of the Lease or Leasehold Estate so as to require the Specified Mortgagee to assume the performance of any of the Lessee’s obligations under the Lease.

• The acquisition of all or any portion of the Leasehold Estate by any Leasehold Mortgagee shall not result in a merger thereof with the Leasehold Mortgage held by such Leasehold Mortgagee, unless such Leasehold Mortgagee shall execute a written instrument effecting such merger and shall give notice to Landlord of such merger.

• Any transfer or assignment of the Leasehold Estate encumbered by the Specified Mortgage as provided for in this paragraph shall be deemed a permitted sale, transfer or assignment of the Lease and the Leasehold Estate.

• In the event of foreclosure or assignment in lieu of foreclosure, which results in the conveyance of the Leasehold Estate on the Leased Premises from the Lessee, any adjustment of the Ground Lease Fee to reflect then current fair market rental value as provided in the Lease shall be subject to the approval of the Specified Mortgagee.

• Encumber Leasehold Estate; No Right to Encumber County’s Fee Interest.

More Definitions of Leasehold Estate

Leasehold Estate means the estate in the Property created by each Ground Lease.

Leasehold Estate means the right of possession granted in the Lease for the Lease Term.

Leasehold Estate. As defined in Section 17.1(a). Legal Requirements: All federal, state, county, municipal and other governmental statutes, laws, rules, policies, guidance, codes, orders, regulations, ordinances, permits, licenses, covenants, conditions, restrictions, judgments, decrees and injunctions (including common law, Gaming Regulations and Environmental Laws) affecting either the Leased Property, Tenant’s Property and all Capital Improvements or the construction, use or alteration thereof, whether now or hereafter enacted and in force, including any which may (i) require repairs, modifications or alterations in or to the Leased Property and Tenant’s Property, (ii) in any way adversely affect the use and enjoyment thereof, or (iii) regulate the transport, handling, use, storage or disposal or require the cleanup or other treatment of any Hazardous Substance.

Leasehold Estate means Tenant’s leasehold estate, and all of Tenant’s rights, privileges, and Preemptive Rights, under this Lease, upon and subject to all the terms and conditions of this Lease, and any direct or indirect interest in such leasehold estate.

Leasehold Estate means Tenant’s leasehold estate in and to the Premises, including Xxxxxx’s rights, title and interest in and to the Premises and the Improvements, or any applicable portion thereof or interest therein.

Leasehold Estate means a legal estate for a term of years absolute;

Leasehold Estate means the real property right and interest held by the Department as Tenant to possess, use and access the Site and the Project under the terms and conditions of this Ground Lease.