Leasehold Loan definition

Leasehold Loan has the meaning set forth in Section 23.1.
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Leasehold Loan means a loan on a building located on land leased from a third party.
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Leasehold Loan means the Leasehold Loan (as such term is defined in the Mortgage Loan Agreement).
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Examples of Leasehold Loan in a sentence

  • Loan Policy: a Policy, including a Leasehold Loan Policy, insuring a Mortgage that is not a Construction Mortgage.

  • Construction Mortgage Policy: a Loan Policy, including a Leasehold Loan Policy, insuring a Construction Mortgage.

  • Leasehold Loan Policy: a Loan Policy with a leasehold Endorsement or a cooperative Endorsement.

  • The evaporator heater contactor can be supplied with 24 V a.c. and a maximum current of 0.5 A* between terminals 41 and 12.

  • A Loan Policy, Short Form Loan Policy, or Leasehold Loan Policy (referred to collectively as Loan Policies) insuring a first mortgage cannot be issued for an amount less than the full principal debt.

  • The charge for a Leasehold Loan Policy shall be one hundred percent (100%) of the basic charge for First Loan Policy Original issue (see page 4).

  • When determining the minimum fair value, amounts of insurance, and charges for Leasehold Owner’s or Leasehold Loan Policies, see Chapter 3.

  • Construction Mortgage Policy – A Loan Policy, including a Leasehold Loan Policy, insuring a Construction Mortgage.

  • Loan Policy – A Policy, including a Leasehold Loan Policy, insuring a Mortgage that is not a Construction Mortgage.

  • When determining the minimum fair value, amounts of insurance, and charges for Leasehold Owner’s or Leasehold Loan Policies.


More Definitions of Leasehold Loan

Leasehold Loan means the loan made by the Leasehold Lender to Landlord and INCOG to finance not more than Fifteen Million and 00/100 Dollars of Tenant Improvements, which Leasehold Loan, in the discretion of Landlord, may include the loan amount for the Building; provided, however, there shall be a separate accounting of any portion of the Leasehold Loan used for Tenant Improvements. Landlord contemplates that the Leasehold Loan will be replaced with the Permanent Financing after construction is completed and the Tenant Improvements have been installed.
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Related to Leasehold Loan

  • Leasehold interest means the interest of the lessor or the lessee under a lease contract.

  • Leasehold Property means any leasehold interest of any Credit Party as lessee under any lease of real property.

  • Recorded Leasehold Interest means a Leasehold Property with respect to which a Record Document has been recorded in all places necessary or desirable, in Collateral Agent’s reasonable judgment, to give constructive notice of such Leasehold Property to third-party purchasers and encumbrancers of the affected real property.

  • 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 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.

  • New Lease Any lease of REO Property entered into on behalf of REMIC I, including any lease renewed or extended on behalf of REMIC I, if REMIC I has the right to renegotiate the terms of such lease.

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that:

  • Leased Properties has the meaning set forth in Section 3.14.