Leasehold Lender definition

Leasehold Lender means, at any point in time, the holder of a Leasehold Mortgage, or any agent or trustee therefor, that provides written notice to the Landlord of its status as such, which notice is confirmed in writing by the Tenant. The term “Leasehold Mortgage” shall mean, at any point in time, a leasehold mortgage to secure debt or other equivalent instruments (“Leasehold Loan”) as the case may be (as the same may be amended from time to time), encumbering the Tenant’s interest in the Site and this Ground Lease. It is acknowledged and agreed that, during the Term, there may be multiple Leasehold Mortgages and multiple Leasehold Lenders and that each Leasehold Lender may, from time to time, assign its right, title and interest in and to the Leasehold Loan, Leasehold Mortgage and this Ground Lease. During the Term, the Tenant shall provide the Landlord with written notice of the identity, contact information and address for each Leasehold Lender (or the agent authorized to act on behalf of the Leasehold Lender), such notice to be provided to the Landlord by the Tenant within no less than a calendar year within which the Tenant becomes aware of any such Leasehold Lender, whether by the issuance of a Leasehold Mortgage to such Leasehold Lender or name change, assignment, merger or otherwise.

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Leasehold Lender means any “Permitted Leasehold Mortgagee” under the Lease.

Leasehold Lender has meaning ascribed thereto in section 10.3.

Examples of Leasehold Lender in a sentence

• Notwithstanding anything to the contrary in this Ground Lease, the Landlord shall not exercise any remedies related to the Tenant’s default hereunder until (i) the Landlord has delivered notice of such default to Leasehold Lender pursuant to this Section 23.4 and (ii) all applicable cure commencement periods following the delivery of such notice have expired.

• The Landlord agrees that the Landlord shall not terminate this Ground Lease in connection with any such default so long as Leasehold Lender has cured or commenced to cure and continues diligently to cure in accordance with the foregoing.

• In addition, the Landlord shall promptly notify Leasehold Lender in writing of any failure by the Tenant to perform any of the Tenant’s obligations under this Ground Lease.

• In the event of a default by the Tenant under this Ground Lease and prior to any termination of this Ground Lease by the Landlord, the Landlord acknowledges and agrees that the Landlord shall provide Leasehold Lender with notice of the same and Leasehold Lender shall have the right (but not the obligation) to commence to cure such default within the same period of time as the Tenant has under this Ground Lease, plus an additional sixty (60) days.

• Notwithstanding anything to the contrary in this Ground Lease, each Leasehold Lender shall be a third-party beneficiary solely and exclusively with respect to the provisions of this Section 23.

More Definitions of Leasehold Lender

Leasehold Lender means, at any point in time, the holder of a Leasehold Mortgage, or any agent or trustee therefor, that provides written notice to the Landlord of its status as such, which notice is confirmed in writing by the Tenant; provided, however, that no Affiliate of Tenant or of Tenant’s assigns shall be a Leasehold Lender. The term “Leasehold Mortgage” shall mean, at any point in time, a leasehold mortgage to secure debt or other equivalent instruments (“Leasehold Loan”) as the case may be (as the same may be amended from time to time), encumbering the Tenant’s interest in the Site and this Ground Lease; provided, however, that the mortgagee is not an Affiliate of Tenant or of Tenant’s assigns. It is acknowledged and agreed that, during the term of this Ground Lease, there may be multiple Leasehold Mortgages and multiple Leasehold Lenders and that each Leasehold Lender may, from time to time, assign its right, title and interest in and to the Leasehold Loan, Leasehold Mortgage and this Ground Lease. During the term of this Ground Lease, the Tenant shall provide the Landlord with written notice of the identity, contact information and address for each Leasehold Lender (or the agent authorized to act on behalf of the Leasehold Lender), such notice to be provided to the Landlord by the Tenant within no less than thirty (30)-within which the Tenant becomes aware of any such Leasehold Lender, whether by the issuance of a Leasehold Mortgage to such Leasehold Lender or name change, assignment, merger or otherwise.

Leasehold Lender means the Leasehold Lender (as such term is defined in the Mortgage Loan Agreement).

Leasehold Lender as used herein shall mean at any point in time, the holder of a Leasehold Mortgage that provides written notice to Landlord of its status as such. “Leasehold Mortgage” as used herein shall mean at any point in time, a first lien leasehold mortgage or deed of trust, deed to secure debt or other equivalent instrument encumbering Tenant’s interest in the Leased Premises and this Lease, or a pledge of interests in Tenant securing any mezzanine loan, as the case may be (as the same may be amended from time to time). It is acknowledged and agreed that, during the term of this Lease, there may be multiple Leasehold Mortgages and multiple Leasehold Lenders and that each Leasehold Lender may, from time to time, assign its right, title and interest in and to its Leasehold Loan, Leasehold Mortgage and this Lease.

Leasehold Lender means the holder or beneficiary under any Leasehold Encumbrance.

Leasehold Lender means the lender that has loaned Landlord and INCOG the funds to complete the Tenant Improvements or that acquires the Leasehold Loan, which Leasehold Lender, in the discretion of Landlord, may be the same lender who loans Landlord the funds to construct the Building and certain other improvements on the Site.

Leasehold Lender as used in this Article IV shall refer to a holder of a Leasehold Lien in respect to which the notice is provided for by subsection (a) of this Section 4.5 has been given and received and as to which the provisions of this Section 4.5 are applicable.

Leasehold Lender means an owner and holder of a Leasehold Mortgage.