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.

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

• The Leasehold Lender shall have the right, but shall not have any obligation (except as provided in subsection (iv), below), to cure such default or to cause such default to be cured, within the time periods set out in subsection (iv), below.

• Upon execution and delivery of such New Lease, Leasehold Lender shall cure or cause to be cured all defaults existing under this Lease which are capable of being cured by such Leasehold Lender or its designee promptly and with diligence after the delivery of such New Lease including completion of the Development Project, and all provisions of the New Lease shall be binding on any Leasehold Lender or assignee that acquires Tenant's interest hereunder.

• In such event, Leasehold Lender shall have no further obligation to cure Tenant's default(s).

• Leasehold Lender or its designee shall execute and deliver to Landlord such New Lease within thirty (30) days after delivery of such New Lease by Landlord to Leasehold Lender.

• If no Leasehold Lender has the right to be offered a New Lease, Landlord shall be free of all obligations to the Leasehold Lenders and shall be free to lease all or any part of the Premises at Landlord's sole discretion.

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

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 Fifth Third Bank and its successors and assigns.

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

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